Thanks to the minister at the head of affairs the crisis did not find England unprepared. Fresh levies had already been made, both for the army and the navy; supplementary corps of militia had been raised, and plans laid for forming bodies of irregular infantry and cavalry. One thing only was wanting, and that was money. In order to raise this, Pitt at first thought of introducing a Bill to compel all persons enjoying a certain amount of income to subscribe one-fourth for the service of the country. On second thoughts, however, he preferred to trust to the patriotic spirit of the nation. He believed that many would be found ready to contribute even a larger proportion of their income if only an example were set by the Bank of England and the Corporation of London. The sum required was large, being no less than £18,000,000, and the terms he had to offer were scarcely remunerative. On the last day of November he addressed a letter to the governor of the Bank of England, desiring him to lay the proposal before the directors, and at the same time expressing a hope that they might "not be disinclined to take the lead in a measure which must have the most beneficial effect on public credit and the most evident tendency to accelerate the restoration of peace on secure and honourable terms."[585] [Sidenote: Pitt's letter to the lord mayor, 1 Dec., 1796.] The next day (1 Dec.) he wrote to the lord mayor, urging him to lay the matter before the Common Council;--"The repeated proofs which the citizens of London have given of their zeal and public spirit leave me no doubt that if it appears likely to promote the interests of the country at this important crisis, it will receive their cheerful support in their individual capacity, as well as that of the corporate body and of the different public companies. It is unnecessary for me to state the effect which such an example would produce throughout the kingdom." To this the mayor (Brook Watson) replied that previous to the receipt of the letter he had been desired by a number of members to call a Common Council as soon as possible to consider the grant of an aid to government at the present crisis, and that he had in consequence summoned a court for the following Monday (5 Dec.).[586] [Sidenote: The loan subscribed.]