increase them a jot, by altering the mode of measnriag
them, it is confessed that they can increase them without
limitation. For this project, the nation at first pays the
projectors five millions worth of the commodities measured
by the old standard. Thus the nation lose, and the projectors gain already an eighth part of these commodities. As the paper is increased, the opulence of the projectors and the impoverishment of the nation, correspondently follow. When the projectors gain twenty millions annually, the nation loses half its exportable substance, for a numerical phantom, by which to measure the other half. England gives the whole substance for this phantom. It is Wood's project in a worse form, as his half-pence contained some copper.
The engines of Archimedes destroyed the Romans, whilst they could not see from whence their fate proceeded. Moral engines are for the same reason concealed from those on whom they play. And these moral engineers, more skilful than Archimedes, often persuade their victims, joyfully to stretch out their necks to the stroke, like Turkish fanaticks, under a persuasion that it will waft them to paradise.
Taxation is a power, infinitely dangerous, and liable to abuse in the hands of a separate interest. In England, the noble interest cannot even propose a money bill. In America, the banking interest taxes, raises or diminishes these taxes, and publickly divides its collections, of about five millions annually, under charters for long terms, without the knowledge or control of the people, or their representatives. Patriotism is even more fusible than conscience, in money. We know that those who rob nations, do really feel as it they were virtuous and honorable men, and would scorn to steal a shilling. Hence the danger of exposing ourselves to be taxed, directly or indirectly, by an individual or a corporation. Feudal barons were liberal, and hierarchical dignitaries, charitable. Yet they oppressed nations by their privileges, with a good conscience. This is the best morality to with banking can aspire, Our policy has exploded it.
