« PreviousContinue »
APRIL 1, 1820. be attended with so much shame this stock in the funds, and getting, in the beginning, and, with ruin off to another country. But, let so certain in the end, that I can
us see how the thing works. I berdly think it will be attempted have, suppose, a thousand pounds unless in a case of great emergen- in the Funds; I sell them to some cy and even of alarm. To lop off onc for Bank notes; I buy gold a part of the debt, and to come to with the Bank notes in London ; a compromise of some sort with and off I go with the gold. Thus, the land, will, I think, be at then, I get gold for the stock; the tempted. But here, as in all the stock, which is, intrinsically worth late projects, there will, I dare nothing, I leave in England, and say, be so much of indecision ; and 1 carry the gold out of England. the degree will be so inadequate So that, by my removal, England's to the necessity of the case, that real riches and means of being the measure, while it will cause powerful, are diminish ed in proa great and general alarm, will be portion to the amount of my late attended with no very beneficial stake in the Funds. Take another consequences.
made of doing it. Instead of buy.
ing gold with my Bank notes, I But, the moment such measures
buy cloth and take it out of the are suspected to be entertained by
country. I sell it abroad, where the Ministers, an enormous emi
I employ the money in trade or gration of capital will instantly take place. "And here it is that agriculture, or I lend it out, Nowe see one of the greatest of the thing returns to England. in lieu many great evils of a Funding of the cloth. The cloth, which SYSTEM. It would seem at first made part of the wealth of Eng. glance, that a country really loses land, is gone from her for ever! none of its riches, or means of And thus, by the operation, being powerful, by a man's selling England is rendered poor and
feeble in proportion to the amount were, tied to the stake, and niust of my late property in the funds. abide, the peltings of the storn, Therefore, the moment it was be they what they may.
But, known, that the Ministers favour- many of them are not; and they ed any project for lowering the will remove their capital. Nor is interest of the debt, a prodigious the removal of capital to be efemigration of capital would take fected only in the case of funded place, and the nation would, with property. One, who owns a farm, out great precaution previously sells it to a fundholder for Bank taken, receive a blow that would notes; and away goes the value of actually wake her stagger! Ob- the farm, never to come back serve, too, that, in proportion to again. The farm remains, to be England's loss, would be the gain sure; and all the farms and of some rival; and who that rival houses, all the mines and canals would principally be it is umeces
must remain; but the things sary for me to state. To be sure which make them valuable may be natural causes would, in a limited
oved, and, in a great measure, time, put an end to this transfer
would, in the above supposed case, of capital; but, it is by no means
be removed for ever. beyond the compass of probability, that two hundred millions would Now, is nol this an object, bethus be wasted from English to fore the terrific magnitude of foreign shores; and that, too, in wbich the getting of Mr. White a very short space of time, produ- bread elected and the ousting of cing misery and decrepitude here, poor boggling Mellish ought and prosperity and power in rival to sink out of sight? What is -states. There is a certain portion this young man likely to do? of the fundholders, who are, as it What is he calculated to do, in
[ 19.4 order to prevent a catastrophe But, still, we have a right to call ca such as is above. contemplated, upon you for exertions. and which, with great exertion
In the letter, for the writing and and a mind made up to great sa
publishing of which you have been crifices, such as your country has
prosecuted, you observe, that gen a claim on you for, you might do
tlemen's estates are a retaining much, at any rate, towards pre- fee for their exertions in defence venting? At such a time as this ; of the rights and liberties of the with dangers such as these hango country. Though the figure saing over the country; with clouds, vours too much of special-pleadcharged with destruction, lower-ing, the sentiment is just. You, ing over its head : at such a time | Sir, hold, then, a pretty large fee as this, it is mortifying enough to in this cause; of course, great see the Ministers employed in exertions may be justly demanded contriving traps and trammels for, at your hands; and, great and...
efficientexertions we must have, political writers; but it is still
or, I for 'one, shall make heavy ale more mortifying to see you, with a
complaints against you. I anı parcel of brawling partizans,
aware, that, in the present mo: marching to Brentford, at the head
ment of electioneering triumphs of a goodly collection of “free while the loud huzzas are yet vi" and independent doters," riding in brating on your ear, you may be a boat drawn, along the turnpike little disposed to attend to what road, inorder to hastenthe progress any one may offer in the way of of the cause of Reform! When advice; but, after the noisy flat. one sees these things, one can have tery has made way for stillness little hope from your 'exertions. and reflection, the people who
think at all, will wait with some passed over our heads since I enimpatience for the fruit of their deavoured to prevail on you to successful exertions in your beograpple with the Funding Monster. half. They will see subjects of It has, ever since I began to write the utmost importance brought the Register, eighteen years ago, forward; they will expect to see been my opinion, that the fate of you, above all men, taking a part the country depended on what in the discussion of those sub- should be done with this system. jects; they will, wben the ques. This is now manifest to every one. tion is, whether the land-owners There is no man, be his general shall or shall not yield up a part politics what they may, who does of their possessions, be eager to not now think, that a breaking up hear what you have to say; what of some sort must take place. proposition you have to make This, therefore, is the great subwhat sacrifice you have to offer ; | ject ; and, if you be silent or inefand, give me leave to assure you, ficient here, the triumph of your that, though you may still conti-election is an empty triamph; nue to receive from some persons, and, indeed, it will, in the end, that species of adulation, which
only tend to sink you into insigni. the known possession of great
ficance. If you act the part that wealth never fails to procure for
you are able to act, though your the possessor, your, weight, as a
time in parliament may be short, public man, will be nothing, un
you may make every honest man lęso you be thoroughly prepared
in the kingdom follow you to your for great exertions and great sa
prison with admiration and graticrifices.
tude; which prison may then be Many are the years that have envied by those who inhabit pa
[198 laces. But, if you remain inert, | Inn at the village of MERIDEN or, if nothing specific, great and (which is five miles from Coven
efficient mark even the short pe try) in the hope that a change of **riod that you may have for exer- air would restore to me the use of ** tion, your prison will be merely a my voice, which I had almost GE retreat from that public insigni- wholly lost by a cold, caught. be
fore I entered Coventry. I arficance, which, to you, ought to be
rived there on the Wednesday less tolerable than dungeons and
afternoon. On the Thursday, TE manacles.
the Landlord, Mr. HetHERING I am, Sir,
ton, told me, thaty, while I was Your most obedient
out on a walk, you had called to And most humble servant, ask, whether I was in the house, WM. COBBETT.) and that, being told that, I was,
you told the landlord, that, you
supposed, he did not expect to 19
have any connection with the gen10 THE EARL OF AYLSFORD.
tlemen in the neighbourhood. The London, 29 March, 1820.
landlord, when he told me of this, MY LORD,
appeared rather alarmed; but he I shall not take any particular was somewhat rouzed and fortifipains to characterize you or your ed, and appeared to feel that he she conduet. A plain narrative will was not quite destitute of a soul,
do what I want to do, which is when I spoke of you and your inmerely to show what you are, and terference in terms of merited
ng to what a state of degradation the reprobation and contempt.
197911,jai bsri people of England are reduced. The next day, while I was out
i i kort On the 15th of March I went on another walk, the Adjutant of from Coventry to the Bull-head the Warwickshire Yeomarry Ca