The Classic and the Beautiful from the Literature of Three Thousand Years Volume 5

The Classic and the Beautiful from the Literature of Three Thousand Years Volume 5

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1892 edition. Excerpt: possible that a debt should not have been contracted, when one party was impelled by the strongest motives to borrow and another was impelled by equally strong motives to lend? A moment had arrived at which the government found it impossible, without exciting the most formidable discontents, to raise by taxation the supplies necessary to defend the liberty and independence of the nation; and at that very moment numerous capitalists were looking round them in vain for some good mode of investing their savings, and for want of such a mode were keeping their wealth locked up or were lavishing it on absurd projects. Riches sufficient to equip a navy which would sweep the German Ocean and the Atlantic of French privateers, riches sufficient to maintain an army which might retake Namur and avenge the disaster of Steinkirk, were lying idle or were passing away from the owners into the hands of sharpers. A statesman might well think that some part of the wealth which was daily buried or squandered might, with advantage to the proprietor, to the taxpayer and to the state, be attracted into the treasury. Why meet the extraordinary charge of a year of war by seizing the chairs, the tables, the beds, of hardworking families, by compelling one country gentleman to cut down his trees before they were ready for the axe, another to let the cottages on his land fall to ruin, a third to take away his hopeful son from the university, when Change Alley was swarming with people who did not know what to do with their money, and who were pressing everybody to borrow it? It was often asserted at a later period by Tories, who hated the national debt most of all things, and who hated Burnet most of all men, that Burnet was the person who first advised more

Product details

  • Paperback | 252 pages
  • 189 x 246 x 13mm | 458g
  • United States
  • English
  • black & white illustrations
  • 1236927427
  • 9781236927422