He wrote for a class to whom a prolonged intellectual operation, however comprehensive and complete, was distasteful. To persuade the mass of the freeholders was his object, and for such an object there are no political tracts in the language at all comparable to Defoe's. He bears some resemblance to Cobbett, but he had none of Cobbett's brutality; his faculties were more adroit, and his range of vision infinitely wider. Cobbett was a demagogue, Defoe a popular statesman. The one was qualified to lead the people, the other to guide them. Cobbett is contained in Defoe as the less is contained in the greater. King William obtained a standing army from Parliament, but not so large an army as he wished, and it was soon afterwards still further reduced. Meantime, Defoe employed his pen in promoting objects which were dear to the King's heart. His _Essay on Projects_--which "relate to Civil Polity as well as matters of negoce"--was calculated, in so far as it advocated joint-stock enterprise, to advance one of the objects of the statesmen of the Revolution, the committal of the moneyed classes to the established Government, and against a dynasty which might plausibly be mistrusted of respect for visible accumulations of private wealth. Defoe's projects were of an extremely varied kind. The classification was not strict. His spirited definition of the word "projects" included Noah's Ark and the Tower of Babel, as well as Captain Phipps's scheme for raising the wreck of a Spanish ship laden with silver. He is sometimes credited with remarkable shrewdness in having anticipated in this Essay some of the greatest public improvements of modern times--the protection of seamen, the higher education of women, the establishment of banks and benefit societies, the construction of highways. But it is not historically accurate to give him the whole credit of these conceptions. Most of them were floating about at the time, so much so that he had to defend himself against a charge of plagiarism, and few of them have been carried out in accordance with the essential features of his plans. One remarkable circumstance in Defoe's projects, which we may attribute either to his own natural bent or to his compliance with the King's humour, is the extent to which he advocated Government interference. He proposed, for example, an income-tax, and the appointment of a commission who should travel through the country and ascertain by inquiry that the tax was not evaded. In making this proposal he shows an acquaintance with private incomes in the City, which raises some suspicion as to the capacity in which he was "associated with certain eminent persons in proposing ways and means to the Government." In his article on Banks, he expresses himself dissatisfied that the Government did not fix a maximum rate of interest for the loans made by chartered banks; they were otherwise, he complained, of no assistance to the poor trader, who might as well go to the goldsmiths as before.