We were seated together alone, on the lawn, in the cool of the evening, until ten o'clock, when Mr. Law, with a light in his hand, kindly conducted me to my bed-room. During these two hours we talked freely; first, on the state of England, which, he says, must fall in a few years. "With {455} such a debt, and so many drones, and having all the world rivalling and excluding British manufactures, and with such a superabundant population, it is impossible that she can long exist in her present condition. A famine must certainly sweep away superfluous millions. It will be brought about, first, by a scarce year, and secondly, by the want of specie to pay for foreign grain; for specie only will do, when manufactures shall not be wanted in exchange for grain. Then the British people, instead of lying down and dying willingly like the Hindoos, a scene which I witnessed, will rise with an irresistible fury, sweeping all authorities before them." "After such a storm, will they dispense with monarchy, &c.?" "No, Sir, I think not. King, lords, and commons, seem acceptable to the people. The church and the debt only will be annihilated. My friends and others in the funds see that this catastrophe is coming. They are therefore unhappy. I see they are eaten up by anxiety; I am happier than any of them. Many of the rich, and several of my friends and family, live on the European continent, to spend their money in ease and peace. They are all unhappy in their prospects. It is true that I have been unsuccessful in my speculations here, but my wants are few. I was advised by General Washington to invest my money in and about this city, which every one then deemed a good speculation, and it would have been so but for the stupidity and blundering {456} ignorance of this government, which by diminishing the currency, has reduced our estates 50 or 60 per cent. and rendered all unsaleable. There is no money for use. It is impossible that a people can flourish without a circulating medium; a floating capital, which creates a fixed capital. This government, however, will see the need of it and resort to it; for, if the capital once in circulation had remained so, the public lands would have doubled their present value, and the industrious have flourished instead of sinking into ruin. The poor and industrious are the only proper objects of the care and protection of government." "You knew Paley. What think you of his philosophy, &c.?" "I knew him well; he was a good man, but his philosophy is false. Utility is made its basis; but impulse and feeling furnish the best moral guide. Every feeling in man points him to goodness." "But, Sir," said I, "is not his philosophy in accordance with Christianity?" "Perhaps it is." I rejoined that I could not help revering it, and that after reading it I thought myself both wiser and better. "That may be." "You knew and esteemed Sir Wm. Jones in India. Was he not a Christian?" "Why sir, Lord Teignmouth has endeavoured to