« strange financial systems ;" and taxes were collected at home, and it calls the stoppage of cash pay-whose blood flowed in rivers by

ments at the Bank a system of 60 no very ordinary character.”Now, was this system a thing to be censured or was it not? If it was not why do you speak of it

land as well as by sea. These were the people who made exertions during the war; and for which exertions they have been paid by the acts and proceedings

in this equivocal manner? "Wil-which have taken place since the “ling to wound and yet afraid to beginning of 1817. The Land❝strike." And well you might lords borrowed money to carry on be afraid; for your own father, the war; they contracted that who supported the bill for impri-debt, which will finally deliver us soning men in 1817 was one of by laying it's weight upon them. those Privy Councillors who I have proved as clear as daysigned in 1797 that Order in light in my letter to Mr. ATTCouncil which authorised the wood, that it was a deduction Bank to refuse to pay their notes from the wages of labour that in cash! Which Order in Coun-yielded the taxes collected during cil was the root of all that train of the war; and, therefore, let us causes, to discover which you hear no more of "unparalleled now state to be one of the great" exertions," unless those exerproblems of the present day!tions be ascribed to the labouring There is no apology to be offered class.

for those who adopted that mea- The seventh paragraph must sure; and when your Lordship have contained news indeed to talks, in the cant of the day, of the persons to whom the letter the unparalleled exertions, to was written. Here we hear served which the country "was unged up, in grand style, and with as "on" during the war, you might much formality as if the thing be asked, who made those exer- was now mentioned for the first tions? Not the Landlords; not time since the world begun, my the great Merchants and Farmers; old illustrations about the bushet not the Bankers; not the Fund- of wheat, the interest of the holders; not the Lawyers; not Debt, and all the other A. B. C. the Parsons; no: the exertions of paper against Gold written and published eleven years ago! The

were made by the labouring classes, from whose wages the wonder is how you could have had

the face to put this upon paper as glimpse of hope of escaping proceeding from yourself. After terrible convulsion.

this string of plagiarisms, you

You proceed in this seventh pasay, that you are happy to per-ragraph in talking of a diminution ceive, that" this truth" (meaning of burthens. You do not par ticularize, otherwise you might have thought of Burke's posthu mous pension of 2,5001. a year. You fall at once upon the Debt, and in these remarkable terms :

the augmenting of the interest of the Debt by the cash payment Laws) is" beginning to make its "way." Beginning to make its way aye; but who caused it to begin to make its way? That" relief must in all probability be question is unnecessary even in" of a trifling nature. I say in the remotest corners of this king-"all probability, because I see dom. You say, that you are con- " at present no symptom that the vinced," that the Agricultural public will agree on any plan "mind cannot be properly direct-" for diminishing the pressure of "ed till it is satisfied on this" the Debt; and it is the Debt "point." Precisely what the which constitutes by far the Agricultural mind may mean I "greatest portion of our burthens."* cannot say; nor do I know what sort of direction you may wish to give the Agricultural mind when it shall be thus brought to a state of perfection; but for my own part, I am persuaded, that the Agricultural mind is pretty well not tell the Reformers so in that made up, and that the chief thing address to them which I left to be now to do is to bring the Borough published, when I retreated to mongering mind into a proper Long Island, in order to be in state of docility; an object which security, while I carried on the I am quite persuaded will be ac- war against Corruption? Did I complished by the time that wheat, not tell them that in four years gets down to four shillings a from that day (twenty-eighth of bushel! When the Borough March, 1817,) that the system mongering mind shall be brought would be shaken to pieces? Lord into a proper state, then, and not Liverpool in the House of Lords, ill then will this nation, see a boasted that the power of impris

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Oh! brave! Here we have it then, at last! If words have any meaning, you here express a wish that the interest of the Debt may be diminished! Did I not say that it would come to this? Did

And shall we not have the feast

This Nation has suffered; it has drunk deep of sorrows, since its misguided millions, led on chiefly by Parsons, burnt him in effigy. Those millions have suffered

sonment Bill had caused the Funds to rise! What does that of the Gridiron ? And shall not same Lord say now? In the the bones of PAINE be present at debate of the fourth of May, the the feast! Shall not the ashes of following are his words: "he that truly great man triumph "agreed that it would be impo- over his base and malignant foes? "litic and disgraceful to break “faith with the public Creditor; "but if the country could not pay, "he would prefer the direct and "candid course of making the "avowal at once, and reducing indeed; and no man in existence “the interest, to any expedient can have deplored their sufferings "by affecting the same object by more than he would have done, "less apparent means." This whose name they so foully calumis quite enough to begin with. niated and whose person they Like the fawn in the fable, his would have torn to pieces. Those Lordship will grow bolder and bolder by degrees. In the mean while, the necessity of reduction comes upon us from all sorts of lips and from all sorts of pens.

sufferings, if Peel's bill be enforced, the millions will no longer have to indure. Not thus will it be with their deluders; with those, who perverted their minds, who urged them on to the dastardly

Even the parsons cry aloud for it: and a beneficed Clergyman, the acts and who furnished the fagencumbent of HOLMFIRTH in gots, round the blaze of which, your own County of York, has like savages, they danced while sent forth a "cheap publication" they vomited forth calumnies and on the subject, which he sells for execrations on the man, whose three pence, and to which he pre- talents were an honour to bis fixes as a text the following pas-country and a benefit to mankind. sage from the Bible: "a false The turn of these deluders is now "balance is abomination to the come. They are beset with dif"Lord, but a just weight his ficulties: they know not what is "delight." So, here is the to happen unto them: they call church coming forward to demand for help and there is no one to the putting in practice of the

political teaching of PAINE and assist: and, do what they will, of COBBETT ! the result must be such as will

reflect the highest honour upón much as they were before the those whom they have pursued stoppage of cash payments at the with the deepest malignity.

As to the justice of reducing the interest of the debt, the currency being what it now is, and the price of wheat being what it now is, it is so manifest, that it would be waste of time to produce any arguments in support of it, to my readers, who are men of sense, and, therefore, must see it as clearly as they see the light of the sun. Indeed, every one sees it;

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and as to a plan," as far as the debt is concerned there is no

Bank; or, rather, before the commencement of old pensioner BURKE's holy war against Atheism. For (and it is material to make the observation), prices had greatly risen, long before the stoppage took place at the Bank! This it is material to keep in mind. The Bank had not stopped; but its paper was depreciated nevertheless. Paine said so a year before the stoppage took place. He most admirably illustrated the difference between insolvency and

the latter would take place, whenever the people should go to the Bank and demand payment of their notes. In less than a twelvemonth from that day, the Bank stopped payment in cash! And, to the shame of our country be it spoken, this was the Englishman whom millions of Englishmen were, by English parsons, induced to burn in effigy !

plan wanted, the thing being bankruptcy. He said the former merely a deduction at every pay-had taken place already; and that ment of interest. But, there must be a great deal more done besides this; and to do this great deal more, demands a great deal more of knowledge and of talent than the author of this circular letter appears to possess. We shall see when the time comes, and that will be quite soon enough, what will be done. In the mean while, one thing must certainly be done; and that is, to reduce the salaries of the judges, which were twice augmented, upon the express ground of the rise in the price of absolute injustice not to raise the provisions. Their salaries were salaries of the judges sooner than doubled; and not unjustly; for they were raised. But, now that they were worth at the time of the price of wheat is come down their being doubled, only half as to what it was before BURKE's

The depreciation, therefore, did really take place before the stoppage at the Bank, and it was

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lution.

crusade, those salaries ought to of one third; while more than return to their former standard, that third was all taken away for the not doing of which there again by additional taxes on his can be no possible excuse. All salt, his soap, his candles, his salaries and pay ought to be beer, his sugar, his tea, his shoes reduced in the same manner; and and on many other almost indisit is quite evident that this must pensible commodities! And yet, be done, before a fraction of my Lord, with these undeniable deduction can be made from the facts before you, and with hu interest of the debt. There is manity on your lips, you express one exception to this however; your sorrow that high prices are namely, the pay to the Soldiers not likely to return! The Miand Sailors. It is just the dou-nisters, thank God, seem resolvble; or, rather more than the ed that they shall not return; double of what it was in the early and an everlasting curse light part of the year 1785, when I upon the man who shall attempt had the honour to take a musket to thwart them in this their resoon my shoulder. It was raised during the war and high prices. But, why do I make an excep-. And here let me stop to observe, tion with regard to the Soldier what a striking proof we have of and the Sailor? Why are they the correctness of the statements not to return, the Soldier, for and the reasoning in my letter to instance, to his sixpence a day? Mr. ATTWOOD! The Soldier's Because it ought not to have been pay was doubled during high sixpence a day; because I prices. But were the labourer's remember well what sixpence wages doubled! Oh, no! He, a day was. I have read, poor starving creature bore the in the life of Baron Trenck, a brunt and heat of the war! The most horrible description of the Landlord's rent was more than feelings of hunger. He describes doubled; the farmer's prices himself as hurrying away from a were more than doubled; the woman who had some victuals in Judge's salaries were doubled; the her hand, feeling a temptation to Police Justice's pay was nearly take the food, and to commit murdoubled; the Soldier's pay was der in order to screen himself doubled; but the Labourer's from the penalties attached to wages never received the addition robbery! I never thought of

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