bracing this expedient, was, the security of a new prince, not firmly settled on the throne. People were tempted to lend, by great premiums and large interest; and it concerned them nearly to preserve that government, which they had trusted with their money. The person[1] said to have been author of so detestable a project, lived to see some of its fatal consequences, whereof his grandchildren will not see an end. And this pernicious counsel closed very well with the posture of affairs at that time: for a set of upstarts, who had little or no part in the revolution, but valued themselves upon their noise and pretended zeal when the work was over, were got into credit at court, by the merit of becoming undertakers and projectors of loans and funds: these, finding that the gentlemen of estates were not willing to come into their measures, fell upon those new schemes of raising money, in order to create a monied interest, that might in time vie with the landed, and of which they hoped to be at the head.
The ground of the first war for ten years after the revolution, as to the part we had in it, was to make France acknowledge the late king, and to recover Hudson's Bay. But during that whole war the sea was almost entirely neglected, and the greatest part of six millions annually employed to enlarge the frontier of the Dutch; for the king was a general, but not an admiral; and although king of England, was a native of Holland.
After ten years fighting to little purpose, after the loss of above a hundred thousand men, and a debt
