* "glory that it never before attained."Was this, Sir, to insist upon an “immediate” annihilation? Mr. Addington's tax, which I was defending, would have annihilated only 5 per centum per annum of the capital stock, or, which is just the same thing, would have cut off only an additional 5 per centum per annum of the interest. This process would have required twenty years, wherein to effect the annihilation and, let me ask you, Sir, if you really think that the interest on even the present debt will continue to be paid for that length of time? In my letter to Mr. Addington, where this subject was first broached by me, I re. marked, by way of anticipating the objections which might be urged against me, that, if I am told of the miseries, "which this measure will bring upon those, - who are so unfortunate as to be stock"holders, I deny that they will be a hun"dredth part so great as is generally ima"gined; because, as the extinction will not be "effected all at once, people will sell out, in "proportion as their apprehensions in66 crease; and, as those, who have nothing "but the funds to depend upon, will be most timid, they will sell first; so that, "at the close of the "market," the loss σε will be found to be pretty fairly distributed." * - Do I here say, that the funds and the monarchy can no "no longe" co exist? Do I here call for an immediate " annihilation? And, as I approach the date of your speech, do you find any alteration. in my sentiments? We do not say, we "have never said, that the " present struggle "cannot be terminated without an annihilation_of the national debt; but we do say, that it σ cannot be so soon terminated, that it cannot be terminated so well, and, that, "if the debt continue, it is very probable, "that, at last, we shall conclude another "disgraceful and short-lived peace." This passage was published only five days before your speech was delivered; and I should, Sir, be very glad to hear how you will satisfy the world, that your misrepresentation was not intentional, and that it ought not to be regarded as one of those foul and unlawful blows, by which a sinking and vindictive combatant sometimes endeavours to maim his antagonist.-To endeavour to effect an immediate annihilation of the debt is, however, less offensive against the rules of political justice, than to endeavour to destroy all public faith and all public property. What you mean by "all "public property" is indeed, very clear. If you mean all funded property, then the phrase is redundant, because synonimous with national debt, of my evil designs upon which you had spoken in the former member of the sentence; and, if this be not your meaning, I am really at a loss to know what it is; for as to public property, in the correct sense of the words, as to the royal forests, and the like, you could hardly intend to insinuate that I had any lurking intention to destroy them. Throwing aside, therefore, this unmeaning expletive, let me beg you to lay your finger upon the passage, where I have recom mended the "destruction of all public faith.” If you had discovered such a recommendation, you ought to have been very careful not to be the first to find fault with it; you, Sir, who have employed much more than half the time since I was born, in endeavouring to blot from men's minds the very name of public faith. You would not have been the proper person to turn accuser on this occasion; but again I ask you to lay your finger upon the page, where I have given way to the profligate politics, of which you have had the temerity to accuse me. You cannot but you may easily point to a passage containing a complete refutation of your charge, and that, too, placed at the head of the very first observations, which I ever made as to the expediency of annihilating the national debt. "Whether the tax upon the funds" [which I regarded as the certain means of doing away the debt!" be just or not, is a question, which depends upon the re"sult of another question, to wit, whether "the tax be necessary to the existence of the "state. You" [Mr. Addington" seem "to imagine, that the world will regard "this direct tax upon the funds as a direct "and flagrant breach of national faith, which "it most assuredly is, unless the previous "question of absolate necessity can be "clearly made out; because, the agree"ment with the stock-holders is, that they "shall receive such and such dividends, sub"ject to no deduction whatever'; and, for the "punctual adherence to thi. bargain the "faith of the nation is pledged. On that "faith it is, that thousands and hundreds of thousands of persons have deposited their all in the hands of government. "But, the first law of every land, the first duty of those who administer the govern. ment is, to secure the existence of the state. "This law of self-preservation supersedes every other law; and, therefore, if a tax upon the funds has this sanction, it σε 66 ་་ who, in speaking of this system, has exhausted his copious vocabulary of terms of reproach and contempt, and who, for fourteen years opposed, in some way or other, every tax that was imposed for the support of this system; that Mr. Sheridan should now become the partizan of the funds and the advocate for public faith, is a circumstance that would be sufficiently striking, even though it were unaccompanied with the no less singular one of his having resolved on this new line of conduct for the purpose of protecting the government against me, who have heretofore made no inconsiderable exertions to stem that torrent of anarchy, on the troubled waters of which Mr. Sheridan exhibited so conspicuous a figure. The first moment that I touched upon the subject of the finances, I was careful to guard against imputations, such as I foresaw that the hunters after popu larity would have recourse to, and such as you, in the present instance, have employed. I, therefore, explicitly stated, that I did not regard money as the principal source of national strength, and that, so far from desponding at the depreciation of public credit, I was thoroughly convinced, that a national bankruptcy would not disable us from maintaining our present dominions, and recovering all the honours, of which we had been stripped by a degrading and ignominious peace. "Coupled, therefore," said I," with this declaration, no state"ment, no conclusion, of mine, however "disadvantageous to the financial affairs of "the country, can possibly be attributed "to a desire to create despondency in the "hearts of the people, or to embarrass the "operations of government. I wish to "stands in need of no other. The tax is, "in that case, no breach of national faith; "because, to constitute such breach, the "nation must want the will to fulfil its en46 gagements, and, it never can be said "to want the will, if it has already gone 46 as far as it can go without producing its own destruction as a state. Many other arguments suggest themselves in support "of this position; but, if the case of ne"cessity exists, what I have said already, "Sir, sufficiently justifies the tax, and, if "the necessity does not exist, all that can "possibly be urged by the most ingenious reasoner, will fall far short of producing "conviction."--That the necessity does exist, I afterwards state. I state it, indeed, in the which you passage, have garbled, and even in the very words, which you impute to me; for, if" the "co-existence of the monarchy and the funds "be no longer posible," then there exists an absolute necessity for the annihilation of the funds; and, if that necessity does exist, then is the act of annihilation no breach of public faith, much less is it "the de"struction of all public faith." The necessity, which I contend for, will, I think, hardly be denied by you, who was glad at a peace of which you could not be proud, because the nation was unable any longer to bear the expenses of war; but, whether you allow of the necessity, or not, whether the necessity exist, or not, has nothing to do with the charge against me, wherein you assert, that I am seeking, in the annihilation of the national debt, the "destruction of all public faith," whereas, I have not only never proposed such destruction, but have taken some pains to show, that the measure which I propose would not be a breach of public faith, because it is called for by absolute necessity. Whether, therefore, this necessity does or does not exist, my principle is sound, and my object honourable. I may have deceived myself as to the resources of the nation, but I have protested against any mode of relief which should, in the smallest degree, impair that faith, which you charge me with an intention to destroy root and branch.-Here I should dismiss this part of my subject, did I not think it necessary to say a few words as to the motive, to which you have chosen to ascribe my speculations relative to the national debt. That Mr. Sheridan, whose attacks on the funding system were, for many years, as regular as the return of the seasons; that Mr. Sheridan * See Vol. III. p. 918. 66 "convince the people, that they cannot, if "they would, and that they ought not, if "they could, rely, for their safety, on the "pecuniary credit of the state.' On a more recent occasion I observed, that the true way of convincing the enemy, that his war upon our finances would be useless, as to the success of his main design, was to state explicitly to the world, that we were not at all afraid of the consequences of what is called national bankruptcy; " for," said I," while we attempt to make people be"lieve, that such an event cannot possibly "happen, they will certainly think, that we "regard it, if it should happen, as irretrica"able ruin and destruction; and, therefore, as "we can never completely remove their "doubts, the best way is to set the bug-bear * Sce Vol. III. p. 514. "at defiance."-Thus, Sir, in this, as in every other respect, my motives evidently are precisely the contrary of those, which you have attributed to me. Ignorance of this you cannot plead, because the passages I have here referred to are not only in the same work, but they make part of the very same letters and essays, to which you have alluded as the foundation of your charge; a charge brought forward from no very laudable motives, totally unfounded in truth, and supported by nothing but barbershop rhetoric, by a sort of loose unprincipled banter, intended to raise a laugh amongst the ignorant, and to silence the voice of wisdom and of reason, purely by volubility and noise.-I am, Sir, &c. WM. COBBETT. Duke-street, Westm. Aug. 24, 1803. An Address to the British People on the Sub- For the firm spirit, which the state defends, Her hostile menace shall their vengeance rouse, When Rome's ambitious leader, Cæsar, came, Had concord 'mongst the British chiefs prevail'd. Britons unite and fearless brave the shock, The same their rights, their motives, and their laws. And quickly shall the rash invader know, + See Vol. III. p. 949. Perfidious treason will they view with scorn There, with dissembled grace and art refin'd, Go ask what honour, what important gain Is now Helvetia's valiant race more free In trammels yoked of Gallic liberty? Go ask in Rome of that redoubted shade Of pow'r, which once the trembling world obey'd, hand, Whose ruetul aid enslaves its native land. * Sir Robert Wilson's History of the British Expedition to Egypt, p. 74, 75, 76, 77. Shall Britons thus their boasted triumphs prize, The freedom purchas'd with their fathers' blood Lo! yonder stately pile, august domain *, throne. Such our third Edward prov'd, and such his Son, Nor threats alarm'd, nor numbers rous'd their fears, To valour yielded Crecy and Poictiers; Is then our native prowess sunk so low Great Hawke aveng'd on Gall's securest coast? True to themselves shall Britons strike the blow Yon regal dome + rever'd from Edward's name, A Monarch urg'd by no ambitious views, On peaceful arts, with calm delight, intent, + Windsor Castle. Whom science owns as patron and as friend, And subject minds his sceptre consecrate; Aw'd by the retrospect of former times, When e'en the Crown has sanction'd basest crimes, Would British hearts, in homage to the throne, The dastard slave, who would their minds suborn, And those attach'd by Friendship's sacred name; A firm forbearance from domestic strife; Oxford, August 2d, 1803. PUBLIC PAPERS. Order of His Britannic Majesty, in Council, for granting reprisals against the Ligurian and Italian Republics. Dated, August 17, 1803. At the Court at St. James's, the 17th of August, 1803, present the King's Most Excellent Majesty in Council. Whereas in the countries styling themselves the Ligurian and Italian Republics, measures of hostility have been adopted against his Majesty's subjects; and whereas the said countries cannot but be considered as absolutely dependent on, and under the controul of the government of France; his Majesty is pleased, by and with the advice of his Privy Council, to order, and it is hereby ordered, that general reprisals be granted against the ships, goods, and subjects of the said countries styling themselves the Ligurian and Italian Republics, so that as well his Majesty's fleets and ships, as also all other ships and vessels that shall be commissioned, by letters of marque, or general reprisals, or otherwise, by his Majesty's Commissioners for executing the Office of Lord High Admiral of GreatBritain, shall and may lawfulty seize all ships, vessels, and goods belonging to the persons inhabiting the countries styling themselves the Ligurian and Italian Republics, and bring the same to judgment in any of the Courts of Admiralty within his Majesty's dominions; and, to that end, his Majesty's Advocate General, and the Advocate of the Admiralty, are forthwith to prepare the draft of a commission, and present the same to his Majesty at this Board, authorising the Commissioners for executing the Office of Lord High Admiral, or any person or persons by them empowered and appointed, to issue forth and grant letters of marque and reprisals to any of his Majesty's subjects, or others whom the said commissioners shall deem fitly qualified in that behalf, for the apprehending, seizing, and taking the ships, vessels, and goods belonging to the persons inhabiting the countries styling themselves the Ligurian and Italian Republics; and that such powers and clauses be inserted in the said commission as have been usual, and are according to former precedents; and his Majesty's said Advocate General, with the Advocate of the Admiralty, are also forthwith to prepare the draft of a commission, and present the same to his Majesty at this Board, authorising the said Commissioners for executing the Office of Lord High Admiral to will and require of the High Court of Admiralty of Great Britain, and the Lieutenant and Judge of the said Court, his Surrogate or Surrogates, as also the several Courts of Admiralty within his Majesty's dominions which shall be duly commissionated to take cognizance of, and judicially proceed upon all and all manner of captures, seizures, prizes, and reprisals of all ships and goods that are or shall be made, and to hear and determine the same, and according to the course of Admiralty, and the laws of nations, to adjudge and condemn all such ships, vessels, and goods as shall belong to the persons inhabiting the countries styling themselves the Ligurian and Italian Republics; and that such powers and authorities be inserted in the said commission as have been usual, and are according to former precedents; and they are likewise to prepare and lay before his Majesty at this Board a draft of such instructions as may be proper' to be sent to the said several Courts of Admiralty in his Majesty's foreign governments and plantations for their guidance herein; as also another draft of instructions for such ships as shall be commissionated for the purposes afore-mentioned. From the Court at St. James's, the seventeenth day of August, one thousand eight hundred and three.Portland, P.-Chatham.-Castlereagh.-Hobart.Hawkesbury.-C. F. Greville, V. C. My Lord,-The zeal, loyalty, and public spirit, which continue to be manifested in every part of the kingdom, having had the effect of producing voluntary offers of service to so considerable an amount as to render it unnecessary for his Majesty to order and direct the Lieutenant, or Deputy Lieutenants of the County of to cause the persons comprised in the first, second, and third classes of persons enrolled for military service, in conformity to the provisions of the Act of the 43d Geo. III. cap. 96, or any, or either of them, to be trained and exercised in the use of arms; I am to inform your lordship, that it is his Majesty's pleasure to suspend for the present such of the provisions of the act as require the men enrolled for military service to be trained and exercised, subject, nevertheless (conformably to the 53d clause of the said act) to such conditions as to the number of effective men to be constanly existing in the Volunteer Corps of the County, and to such other rules and regulations as to exercise and muster, or inspection by general or other officers, as to his Majesty shall seem necessary.-In order, however, to enable his Majesty, if he shall judge it advisable, at a future period, to resort to the clauses respecting the training and exercise, your lordship must be aware of the absolute necessity of carrying into execution those provisions of the act which relate to the enrolment in the several districts and parishes, and to the returns which are to be made to the Secretary of State.-1 am further to acquaint your lordship, that the inconvenience which must unavoidably arise from carrying the volunteer system to an unlimited extent, has determined his Majesty not to authorize, at present, any additional Volunteer Corps to be raised in any County where the number of effective members of these corps, including the yeomanry, shall exceed the amount of six times the Militia, exclusive of the Supplementary quota, making in the county of men, and in providing that number, your lordship will avail yourself of your own knowledge and experience, with a view to such a selection as may be best suited to local considerations.-But in the event of the effective numbers of the corps already recommended by your lordship, having arrived at -, you will post pone the communication of any further offers, until his Majesty shall be pleased to signify his intention to increase the volunteer force in the County under your lordship's charge.-I have the honour to be, &c. HOBART. To His Majesty's Lieutenant of the County of Plan of a Volunteer Naval Armament for the Protec tion of the Coast, transmitted to the Lords Lieut‹nants of the Maritime Counties by Lord Hobart. A regular establishment for the inrolment of seafaring persons under the denomination of Sea Fencibles, having been formed by the Board of Admiralty, upon the line of coast more immediately opposed to the enemy, it is thought adviscable that measures should be taken for a further extension of that system, and for rendering the services of that description of Volunteers available, as well for the naval detence of the country, as for the purpose of manuing the batteries upon the coast. With this view, it is proposed, first, That it be recommended to the Lords Lieutenants of the Maritime Counties to co-operate with the Board of Admiralty in obtaining the inrolment of all sea-faring men, not applicable to the service of the navy, upon their respective coasts, under the general denomination of Sea Fencibles, Secondly, That it be recommended to the principal sea-port towns to equip, at their own expense, a certain number of armed vessels and hulks, to be stationed for the better security and protection of such ports, and to be appropriated to, and manned by Sea Fencibles, who shall take charge of them, and be exercised on board at the guns as often as may be required. Thirdly, That where the proportion of Sea Fencibles, which any place can furnish, is greater than such place can find shipping to employ; and likewise where any place is capable of providing men, bus unable to procure vessels; in both these cases vessels shall be furnished by government. Fourthly, That as colliers and coasting vessels are well adapted to be armed as gun-boats, it be recommended to the principal merchants a id owners in every port in this kingdom, to fit their vesselss of that description with slides between decks, and loop-holes in the combings of their hatchways, for close quarters; these vessels to carry two guns forward, and two aft, to fight on either side, as well as fore and alt. Fifthly, That when the vessels are reported ready, guns and ammunition shall be put on board by government, free of expense to the owners; the masters giving a receipt and voucher to return them when demanded, and to keep a regular account of the expenditure of the stores. Sixthly, That these vess. Is * The expense of such fitting has been calculated under 541. |