of hostility by the other party. The declaration of war
(Feb. M *793) by the Convention, of which I was then a
member and know well the case, was made in exact conformity
to this article in the treaty; for it was not a declaration
of war against England, but a declaration that the French
Republic is in war with England; the first act of hostility
having been committed by England. The declaration was made
immediately on Chauvelin's return to France, and in
consequence of it. Mr. Pitt should inform himself of things
better than he does, before he prates so much about them, or
of the sending away of Malmesbury, who was only on a visit
of permission.--Author.

How the people of England feel on the breaking up of the negociation,
which was entirely the act of their own Government, is best known to
themselves; but from what I know of the two nations, France ought to
hold herself perfectly indifferent about a peace with the Government of
England. Every day adds new strength to France and new embarrassments
to her enemy. The resources of the one increase, as those of the other
become exhausted. England is now reduced to the same system of paper
money from which France has emerged, and we all know the inevitable fate
of that system. It is not a victory over a few ships, like that on the
coast of Holland, that gives the least support or relief to a paper
system. On the news of this victory arriving in England, the funds did
not rise a farthing. The Government rejoiced, but its creditors were
silent.

It is difficult to find a motive, except in folly and madness, for the
conduct of the English government. Every calculation and prediction of
Mr. Pitt has turned out directly the contrary; yet still he predicts.
He predicted, with all the solemn assurance of a magician, that France
would be bankrupt in a few months. He was right as to the thing, but
wrong as to the place, for the bankruptcy happened in England whilst the
words were yet warm upon his lips. To find out what will happen, it is
only necessary to know what Mr. Pitt predicts. He is a true prophet if
taken in the reverse.

Such is the ruinous condition that England is now in, that great as
the difficulties of war are to the people, the difficulties that would
accompany peace are equally as great to the Government. Whilst the war
continues, Mr. Pitt has a pretence for shutting up the bank. But as that
pretence could