5. _The Destruction of the Middle Class by the Fiscal Oppression of the Curiales._--Leaving aside points of detail, which were only of special application to the circumstances of the time, this cause of Roman decay may, for all purposes of comparison and instruction, be stated in the following terms: funds, which should have been spent by the municipalities on local objects, were, from about the close of the third century, diverted to the Imperial Exchequer, by which they were not infrequently squandered in such a manner as to confer no benefit of any kind on the taxpayers, whether local or Imperial. Thus, the system of local self-government, which, Mr. Hodgkin says, was, during the early centuries of the Empire, "both in name and fact Republican," was shattered. It does not appear probable that an attempt will ever be made to divert the public revenues of the outlying dependencies of Great Britain to the Imperial Exchequer. The lesson taught by the loss of the American Colonies has sunk deeply into the public mind. Moreover, the example of Spain stands as a warning to all the world. The principle that local revenues should be expended locally has become part of the political creed of Englishmen; neither is it at all likely to be infringed, even in respect to those dependencies whose rights and privileges are not safeguarded by self-governing institutions. There may, however, be some little danger ahead in a sense exactly opposite to that which was incurred by Rome--the danger, that is to say, that, under the pressure of Imperialism, backed by influential class and personal interests, too large an amount of the Imperial revenue may be diverted to the outlying dependencies. If this were done, two evils might not improbably ensue. In the first place, the British democracy might become restive under taxation imposed for objects the utility of which would not perhaps be fully appreciated, and might therefore be disposed to cast off too hastily the mantle of Imperialism. It is but a short time ago that an influential school of politicians persistently dwelt on the theme that the colonies were a burthen to the Mother Country. Although, for the time being, views of this sort are out of fashion, no assurance can be felt that the swing of the pendulum may not bring round another anti-Imperialist phase of public opinion.