Page:Inquiry into the Principles and Policy of the Government of the United States.djvu/260

This page has been proofread, but needs to be validated.
250
FUNDING

neither blood nor bread, and only a collector of them. These realities, not the signs or tokens, supply the war; and after they are expended, their shadows are made by anticipation, to consume the same amount of realities which the war devoured, even that of human life, if death by oppression is equivalent to death by the sword. Thus one war is converted into two. and every period of natural, begets an equal period of artificial war. The same ingenious contrivance, by the help of compound anticipation, converts about fourteen years of war, into a perpetual war. If a million annually comprises or represents the utmost efforts ill realities, which a nation can make in war; and the realities represented are expended annually, leaving behind them annually the million of stock or certificates at compound interest, produced by the anticipating mode of calling these realities into use; then a war of about fourteen years continuance. place's the nation in a state equivalent to perpetual war; because the stock or certificates will devour in peace, precisely the same amount of the realities represented by money, which the war did. Nor can this nation be ever relieved from a stale equivalent to perpetual war, whilst the stock preserves its value, and the national resources are the same. If there are fourteen intervals between the fourteen years of war, the same result will ultimately occur; whence it has happened, that peace has been seldom able to repair the errour in a mode of making war, so calamitous as to double the duration of short ones, and to produce a perpetuity of its evils in the space of fourteen years. A maniac, whose income in kind is just sufficient to support him, takes it into his head to give his bonds to sundry people annually for its value, whilst he is consuming it. At the end of fourteen years his whole income is gone, though he has only expended its annual amount. Such is anticipation to nations. But those who use it to deceive, plunder and enslave them, artfully liken it to the eases of a man who buys an estate on credit, or who gives bonds to himself. One would think that the