every existing nation to bear the expense of its own war; for if war could be maintained by a tax excessively unequal, it follows, that the energies of war, are within the reach of an equal tax.
After this unequal tax was paid by the United States, and the war had been finished successfully by patriotism and bravery, anticipation, which had fled disgracefully from the contest, returned to reap the best fruits of the victory; and though a traitor, found means to supplant and plunder the heroes who had won it. This success was more wonderful, from the reason which caused it, than in itself. That a few people should be willing to enrich themselves at the expense of a multitude, is far less wonderful, than that they should succeed by persuading this multitude, that anticipation, which had recently deserted them, was a better defender of nations, than patriotism and bravery, which had recently saved them.
National defence, was never the true cause of any funding system; and no funding system ever defended a nation. It was invented in England to prop a revolution by corruption; extensively used to sacrifice the nation to German interests; and it has been continued to feed avarice, and silently to revolutionize the revolution. It was introduced into America, after the nation had been defended, to enrich a few individuals, and also to revolutionize the revolution.
In England, the advancement of the Hanoverian family to the throne, was disagreeable to the landed interest, of which the tory party at that time chiefly consisted. 'I'his compelled George the first to use the whig party. And Sir Robert Walpole, who belonged to it, pushed a paper system to enrich his partisans, and to balance the superior wealth of their political opponents. The artifice completely succeeded; the rich tories were impoverished; a vast change of wealth took place;[1] an irresistible whig party
- ↑ There is only one title in England which goes with the lands; that of Arundel. Did Henry the 7th or Walpole's paper system, operate most effectually towards this circumstance?
