ages, by patriotick kings, ministers and nobles. Now if the
banking system is a mode, however ingenious, of oppressing a majority, that majority, however corrupt, may remove
the oppression. And if the corruption itself, shall have been
chiefly produced by the oppressing system, as is generally
the case, then the removal of the oppression, is the true remedy for the corruption. Not so, say Machiavel and
Montesquieu; virtue being gone, freedom has fled beyond
the reach of a nation, and oppression or monarchy is the
remedy.
The interest of a vicious majority to remove oppression from itself, is as strong as if it was virtuous; and the coincidence between its interest and reformation, is a foundation for an honest politician to build on. If avarice and fraud are propagated by laws for amassing wealth at the expense of a majority, the pecuniary interest of this majority to destroy these laws, is the strongest ground for effecting a reformation of the corrupt manners they have produced. And the just laws of a vicious majority, in self defence, will have a wide influence in the re-establishment of virtue; whereas no corrupt minority whatever, composed either of orders or separate interests, can be actuated by self interest to enact just laws, the best restorers of good manners. There are two considerations which sustain this reasoning. First, that man is more prone to reason than to errour. Secondly, that he is more prone to self love than to self enmity. Notwithstanding the first propensity, every man, however wise, is liable to err; and an occasional errour of a wise man may ruin a nation. The general propensity of the whole species, will usually impress its own character, upon a general opinion, and is undoubtedly less liable to errour, than the conclusions of an individual. It is safer to confide in this propensity, than in individual infallibility. One exists, the other does not. One is ever honest, the other often knavish. The force of self love, is as strong in majorities, as in an individual, but its effect is precisely contrary. It excites one man to do wrong,
