FREE BOOKS

Author's List




PREV.   NEXT  
|<   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269   >>  
na would be put a petit companion. But the Prince of this commonwealth is the terror and judge of them all. That which my Lord Archon now minded most was the agrarian, upon which debate he incessantly thrust the Senate and the Council of State, to the end it might be planted upon some firm root, as the main point and basis of perpetuity to the commonwealth. And these are some of the most remarkable passages that happened in the first year of this government. About the latter end of the second, the army was disbanded, but the taxes continued at L30,000 a month, for three years and a half. By which means a piece of artillery was planted, and a portion of land to the value of L50 a year purchased for the maintenance of the games, and of the prize arms forever, in each hundred. With the eleventh year of the commonwealth, the term of the excise, allotted for the maintenance of the Senate and the people and for the raising of a public revenue, expired. By which time the Exchequer, over and above the annual salaries, amounting to L300,000 accumulating every year out of L1,000,000 income, L700,000 in banco, brought it with a product of the sum, rising to about L8,000,000 in the whole: whereby at several times they had purchased to the Senate and the people L400,000 per annum solid revenue; which, besides the lands held in Panopea, together with the perquisites of either province, was held sufficient for a public revenue. Nevertheless, taxes being now wholly taken off, the excise, of no great burden (and many specious advantages not vainly proposed in the heightening of the public revenue), was very cheerfully established by the Senate and the people, for the term of ten years longer, and the same course being taken, the public revenue was found in the one-and-twentieth year of the commonwealth to be worth L1,000,000 in good land. Whereupon the excise was so abolished for the present, as withal resolved to be the best, the most fruitful and easy way of raising taxes, according to future exigencies. But the revenue being now such as was able to be a yearly purchaser, gave a jealousy that by this means the balance of the commonwealth, consisting in private fortunes, might be eaten out, whence this year is famous for that law whereby the Senate and the people, forbidding any further purchase of lands to the public within the dominions of Oceana and the adjacent provinces, put the agrarian upon the commonwealth herself. The
PREV.   NEXT  
|<   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269   >>  



Top keywords:

revenue

 
commonwealth
 
Senate
 

public

 
people
 
excise
 

planted

 

purchased

 

maintenance

 

raising


agrarian

 

proposed

 
heightening
 

established

 
vainly
 

cheerfully

 

perquisites

 
wholly
 

province

 

Nevertheless


sufficient

 

specious

 

advantages

 

Panopea

 

burden

 
abolished
 

fortunes

 

famous

 
private
 

consisting


purchaser

 

jealousy

 

balance

 

forbidding

 
adjacent
 

provinces

 

Oceana

 

dominions

 

purchase

 
yearly

Whereupon
 
twentieth
 

longer

 

present

 

future

 

exigencies

 

withal

 

resolved

 
fruitful
 

perpetuity