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 various revolutions, and though engaged in wars through many centuries, had nevertheless, on the accession of her present sovereign, a debt rather less than an hundred millions of your money, bearing an interest of about five millions; but from the expenses of the war with Hesperia and Capetia united, the Country was delivered over to the charge of the minister I have already described to you, with a debt increased to the immense amount of two hundred and sixty millions, with an annual burthen of thirteen millions, speaking in your English money.

“Now I cannot surely be charged with leaning upon the memory of any man, however illustrious, when I assert that so enormous a debt, characterized too by so rapid an increase, ought to have inspired the utmost providence in the administration of our finances; neither can I hazard any censure which I shall at all. regard, when I further assert, that if the popular council, having the uncontrouled dominion over the