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Kensington, 26th July, 1826.


and, before this Register gets to the press, it is thought that that Council will have put forth something with a view of bettering the lot of the now suffering Nation. The public are full of speculation upon the subject: some expect an abolition of the restriction on the importation of corn; So, you are posed, as the old others expect an abrogation or women call it: you are in a quan- suspension of the importation of dary! You have had, your news- Manufactured Goods, particularly papers tell us (for they are all silks, and that thus, the famous the tools of you and the Stock- free-trade project will, like surjobbers); you have had, these li- plus puppies or kittens, be knockterary reptiles tell us, no less than ed on the head, before it has three Cabinet Councils within ten hardly begun to move its limbs; days; and, in order to avoid the others think that you have a prorisk of famine, during the long ject for enlivening trade and masiege, you had yesterday, they nufactures by suspending the law tell us, a Cabinet Dinner, at which you have just passed, reCombe Wood, that retreat, at lative to small notes; another set once of the Muses and of the imagine that you have grants of Ministers! Oh! happy Combe public money in view, to relieve Wood! Thou shalt live in death-those distresses, which cannot be less song of CANNING's own in-relieved by charitable subscripditing! Happy Combe Wood, tions; and, finally, there is a part whose lofty trees are seen nod-of the public who believe, that, ding in adoration of the wisdom after all your promises and vows, that inhabits the Mansion! you will, as a dog returns to his Happy, thrice happy Combe vomit, return to the old dose of Wood: what wise nods of the Bank Restriction. head and cocks of the eye hast thou not beheld! But, Sir, in plain language, the newspapers tell us, that the King is to hold a

What you will do, I defy any man to guess, until the result of your communications be communicated to the public. In the Council to-morrow (Thursday); meanwhile, let me have a talk




Present State of Things.

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with you, Sir, on the subject of me accused of fickleness and IN-
the blunders, the mischiefs, com- CONSISTENCY, because I
mitted by you and your col- praised BURDETT, for instance,
leagues, during the last twenty- when he contended for Universal
six years. The happiness or mi- Suffrage, and because I censured
sery of a Nation, is, ninety-nine him when he joined Big O. in the
times out of every hundred, to be project for disfranchising the
traced to the wisdom, or the want forty shilling freeholders of Ire-
of wisdom, of its rulers. That land; you have, I dare say,
this is the case, with regard to laughed at many proofs like this,
this Nation, is perfectly evident of my "notorious inconsistency.'
to me. There is not an evil which But, Sir, there is one point; one
the country now suffers; there is little point, as to which, the very
not a danger, internal or external, devil himself would not have the
to which it is exposed; there is, conscience to accuse me of incon-
in short, not the smallest particle sistency; namely, that the DEBT,
of evil that we now complain of, the ever living and ever active
that is not fairly to be ascribed, DEBT, must be wiped off with
and clearly traced, to the folly of a sponge; or, that great part of
our rulers, amongst which rulers it, at least, must be so wiped off;
you have, ever since I can recolor that, a terrible convulsion, if
lect, always been one.
not a destruction of the Monarchy,
That you might have known must be the consequence. Upon
better; that you might have avoid- this point, I have always held the
ed doing the mischief that you same decided opinions; and, Sir,
have brought upon the country; now, when almost every news-
that the dangers were pointed out paper begins familiarly to talk
to you, long before they became about projects for reducing the
great, as they are now; that you Interest of the Debt; when every
have obstinacy as well as per-man in his senses appears to be
verseness, to answer for, every convinced that something of this
one must know that has been an sort must speedily take place, it
attentive observer of events for may not be amiss for me to show,
the last twenty years.
I dare how different the situation of the
say, that you have frequently country would have been at this
laughed; that you have chuckled time, if my advice had prevailed.
with delight, while you have heard Let me first request you to look

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at the mottos. Observe that those, the consequences of persevering mottos were written and publish- in a series of measures opposed ed a little more than twenty-three | to my advice. This is the propoyears ago! Those mottos, when sition which I maintain. I mainyou consider their date, are well tain that this nation has been worthy of your attention; but, brought to its present state of ruin besides these, you will do well to and misery, in consequence of a look at Register, VOL. III. p. series of measures, contrary to 515, 918, 948 to 950.—Vol. IV. my advice; and that those meap. 88 to 91.—p. 154 to 158-sures have been pursued for just p. 257 to 267. You may have three and twenty years, in direct much less instructive reading than opposition to advice which I have this. In these passages, all the been giving to you and your colhistory and mystery of the bubble leagues once during every month system are pretty clearly deve- at least, during the last twentyloped. Here the humbug of the three years. This, I say, is the Sinking Fund was exposed, long proposition which I maintain; and before the feelosofer, Doctor Ha- in proof of the truth of it, I refer milton, was thought of. There all to the above cited passages of the the great principles, relative to Register; and, generally to the public Debts and to the applica- whole of the Volumes III. and tion of sponges, were discussed. IV. to begin with. In short, the There all the causes of National Register is a regular chronoloembarrassment, ruin and misery, gical account of the means by arising from a depreciated Paper- which you and your colleagues money, were pointed out, long and have brought this country to ruin; long before BARING or RICARDO and it is also a regular chronoloor MUCHETT or WESTERN or gical account of the pains that I Peter MACCULLOCH or Doctor have taken to prevent you from TOOKE or Saint HORNER or Doc-effecting that ruin; and it is, for COPPLESTONE or the Edin-moreover, a regular chronological burgh Reviewers, or any of the account of all the acts of maligtribe of political economical pam- nant and cowardly hostility emphleteers had been either thought ployed against me by the two poliof or dreamt of. tical factions; by the base Press; and by almost every wretch that has had the conceit to meddle with

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However, here we are at last. with the consequences before us

politics for the last twenty-three)" only been cowardly enough to years. I have been, to a certain permit your Rulers to bring you degree, and indeed almost com- "into this state of misery, and pletely, in effect, OUT-LAWED" that, too, without any attempt on for these twenty-three years. I have" your part to restrain them; but been unable to inflict vengeance" also, for your having tacitly, at upon any of 66 you, or vengeance least, encouraged the base and I would long ago have inflicted" nefarious Press to calumniate, upon the whole. It has, however," and to justify the persecution of, pleased God to give me numerous "the only man that pointed out the faithful friends and adherents, and "means of preventing your ruin.". constantly to be giving us that It is curious to observe that, which is, perhaps, the best sort of from the very dawn of my career; vengeance, namely, a constant that is to say, from the outset of fulfilment of our predictions, and my endeavours to prevent that demost severe punishment inflict- struction which has, at last, come ed upon those who had despised upon the country, I became an those predictions. I have that object of attack with the base and species of vengeance, which infamous press. In the year 1803 truth always, at least, gains over the false SHERIDAN` attacked me, falsehood. In the midst of cala- in the House of Commons. And mities, such as no industrious na- it is curious enough that the newstion ever before had to endure; paper-courting creature attacked

in the midst of ruin that sweeps me, in order to compliment the over the country like a whirlwind, daily press! Oh! it was the if I see some who escape, I have meanest creature; the lowest repthe satisfaction to know that they tile; the falsest, most palavering, are the few who have followed my blarneying slave that ever was advice. Amidst this general de- moulded into the human shape! solation, I have a right to say, The newspapers and old Sherry, and the whole nation acknow- made a simultaneous attack; both ledges the right, "these evils have accused me of an attempt to de

come upon you because you re-stroy public credit; because I 'jected my advice:" and I might proposed a large reduction of the add, in speaking to the whole na-debt; and because I foretold, that, tion as a body, "You deserve this if such reduction did not take "chastisement, for your having not place, the most dreadful evils

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would finally ensue. I insisted in 1803, the whole thing might then, that peace could do nothing have been accomplished with very for the country, as long as this little difficulty. My advice was deadly debt and paper-money rejected; the giver of the advice should be suffered to exist. The was calumniated; as the danger King having, on the twelfth of increased, and as it became eviAugust, 1823, observed in his dent that it arose from the rejecspeech, made upon the proroguing tion of my advice, the venom of the Parliament, that his people against me increased: and thus would be rewarded for their sa- have we gone on from that day to crifices during the war, "By an this; the venom always increasing "undisturbed enjoyment of that in proportion as it became mani"freedom and security, which, by fest that my doctrines were right; "their patriotism and valour, they there always appearing to be up"will have ensured to themselves permost, in the minds of the ad"and their posterity"; the King ministrators of the THING, a having observed thus, I said, in maxim, a rule of conduct that commenting on the speech: "O that which I recommended, was, dear, no! There will be neither no matter at what risk or what ex"freedom nor security; there will pense, always to be avoided, in "be nothing worthy of the name order to prevent me from being "of liberty or property' in Eng- able to say, that it was my advice, "land, whenever peace shall that had produced certain mear come, unless this infernal fund-sures of the Government! Good "ing system and paper-money be God! What a ground of action; " annihilated." What a motive, to actuate men who have used all the means in their power to get possessed, and who are possessed, of the sway over millions of people! And, yet, every attentive observer must see that there is good reason to believe, that this motive has been constantly at work for three-andtwenty years!

A calm look at this matter must, one would think, fill your head,

Now, Sir, look back to the year 1803. The debt was then NOT NEARLY THE HALF OF WHAT IT IS NOW, if we include, as we must, the charge for the dead-weight; and it was not two-fifths of what it is now, if we include the poor-rate debt, which is a charge upon the land as much as the funded debt is. If my advice had been followed, therefore,

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