Narrative and Critical History of America, Vol. 6 (of 8): The United States of North America, Part I
History
Narrative and Critical History of America, Vol. 6 (of 8): The United States of North America, Part I
America -- Discovery and exploration; America -- History; United States -- History
For more than a hundred years the colonies had been regarded as
appendages to the crown rather than as an integral part of the
empire; and when Parliament, at the instigation of the mercantile
classes and in derogation of royal prerogative, began at the close
of the seventeenth century to assume control over them, and, a few
years later, to vote large sums from the imperial treasury for their
protection, and, in some cases, for the support of their civil
governments, that body looked for reimbursement to the profits which
would inure to British merchants from the monopoly of colonial trade
and navigation, and flow indirectly into the national Exchequer.
But with the close of the French War a new policy seemed to become
necessary. The debt had swelled to frightful proportions. The British
people were groaning under the weight of the annual interest and their
current expenses. Every source of revenue seemed to be drained, and the
ministry turned their eyes for relief to the colonies; not, indeed,
for relief from the present debt, but from the necessity of adding to
it the whole expense of defending the colonies. This was the fatal
mistake which precipitated the Revolution. On this subject, however,
there seems to be some misapprehension. The popular idea was, and still
is, that the colonists were to be taxed to pay the interest on the
national debt and the current expenses of the government, and that all
moneys raised in the colonies were to pass into the British Exchequer
(thus draining them of their specie), there to remain subject to the
king's warrant. Such, however, was not the scheme of the ministry.
Not a farthing was to leave America. All sums collected were to be
deposited in the colonial treasuries, and only certificates thereof
were to be sent to the Exchequer. These were to be kept apart from the
general funds, and, after defraying the charges of the administration
of justice and the support of the civil government within all or any of
the colonies, they were to be subject to parliamentary appropriation
for their defence, protection, and security, and for no other
purpose.[39]
Public-domain text, read in full here on John Shaqi.
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