Historic Ninepins a book of Curiosities Where Old And Young May Read Strange M
Historic Ninepins a book of Curiosities Where Old And Young May Read Strange M
John Timbs
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" Lord Lyttelton, who, as an historian, ought to have been better in- structed, writing in 1739, said, " that our credit was sunk at home and abroad, the people dispirited and discontented, because we owed almost forty millions. " Again, Lord Bolingbroke, a statesman singularly well acquainted with the affairs of Europe, and a philosopher not accustomed to indulge in restricted ideas, says in his Reflections on the State of the Nation, prin- cipally ivith regard to her Taxes and her Debts, thei...r causes ajid their consequences, "Our Parliamentary aids from the year 1740 exclusively to the year 1748, amount to 5rj, rj2 2, i59/. I6j. 3^. , and the new Debt we have contracted to more than thirty millions, a sum that will appear in- credible to future generations. " Hannay, another writer, speaking on the same subject in 1756, says, *• It has been a general notion amongst political arithmeticians that we may increase our Debt to one hundred millions ; but they acknowledged that it must then cease by the debtor becoming bankrupt.
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