Reflexions Upon the Present State of England And the Independence of America

Cover Reflexions Upon the Present State of England And the Independence of America
Reflexions Upon the Present State of England And the Independence of America
Day Thomas
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Let my country- men then ferioufly reflect upon the accumulation of ( 56 ) of public debts, fuch as I believe was never Expe- rienced in any other country ; upon the intolerable burthens with which every article of convenience, or neceffity, is already loaded ; and upon forty or fifty additional millions of outftanding debts, which mud, in all probability, be direftly funded, and new taxes impofed to fupply the interefl, at leaft if the declining commerce of the country can fupport them, before... new fchemes of enterprize and corvqueft are adopted. I ihould then wifli to be refolved by fome of our ableft calculators, whether the mofl uninterrupted fuccefTes would be likely in any degree to pay the expences they had eoft ; and whether the fee fimple of all the pcrf- feffions we have loft, excepting the monopoly of the American commerce, which I cannot help fuppofing out of the queflion, would indemnify us for a two years continuance of the war. But we have na reafon to expect fuch uninterrupted fuccefs from any thing we have yet experienced; and nothing but the mod childifh prefumption, can found a fanguine expectation of better for- tune, upon the mere remembrance of pa ft difafters.

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