Life of Thomas Paine: Written Purposely to Bind with His WritingsCarlile, Richard
History
Life of Thomas Paine: Written Purposely to Bind with His Writings
Carlile, Richard
Paine, Thomas, 1737-1809
In this retirement Mr. Paine wrote two small pamphlets of considerable
interest: the one was his "Agrarian Justice opposed to Agrarian Law and
Agrarian Monopoly;" the other was his "Decline and Fall of the English
system of Finance," the first was a plan for creating a fund in all
societies to give a certain sum of money to all young people about to
enter into life, and live by their own industry, and to make a provision
for all old persons, or such as were past labour, so that their old
age might be spent serenely and comfortably. The idea was evidently the
offspring of humanity and benevolence: of its practicability I cannot
speak; here, as nothing but experience could prove it. His "Decline and
Fall of the English System of Finance," is of more immediate importance,
as no one of his pamphlets has displayed the acuteness, the foresight,
and the ability of Mr. Paine, as a political economist, more than this.
We can now speak most feelingly on this subject as this is the moment at
which all his financial and funding system predictions are about to be
fulfilled. Talk of Jewish prophets, or Christian prophets! look at this
little pamphlet, and here you will find a prophet indeed! No imposter
but a real prophet! A prophet who preferred common sense to divine
inspiration. A prophet who stood not in need of any Holy Ghost to
instruct him, but who prophesied from reason and natural circumstances.
Mr. Cobbett has made this little pamphlet a text book, for most of his
elaborate treatises, on our finances, and funding systems. This pamphlet
was written in the year 1796, one year before the bank refused to pay
its notes in gold. This latter circumstance, has in some measure had the
effect of lengthening the existence of the funding system, although its
occurrence was previously foretold by Mr. Paine, as one of the natural
consequences of that system. On the authority of a late register of
Mr. Cobbett's, I learn that the profits arising from the sale of this
pamphlet, were devoted to the relief of the prisoners confined in
Newgate for debt.
Public-domain text, read in full here on John Shaqi.
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