"This is a pretty round sum--a sum, the very naming of which would make anybody but half-mad Englishmen stare. To make comparisons with _our own debt_ would have little effect, that being so monstrous that every other sum shrinks into nothingness at the sight of it. But let us look at the United States, for they have _a debt_, and a debt is a debt; and this debt of the United States is often cited as an apology for ours, even the parsons having at last come to cite the United States as presenting us with a system of perfection. What, then, is this debt of the United States? Why, it was on the 1st of January, 1824, this 90,177,962; that is to say dollars; that is to say, at four shillings and sixpence the dollar, just _twenty millions sterling_; that is to say, 594,000 pounds _less_ than our 'surplus capital' men have lent to the South Americans! But now let us see what is the net revenue of this same United States. Why, 20,500,755, that is to say, in sterling money, three millions, three hundred and thirty thousand, and some odd hundreds; that is to say, almost to a mere fraction, a _sixth part_ of the whole gross amount of the debt. Observe this well, that the whole of the debt amounts to only six times as much as one single year's net revenue. Then, again, look at the exports of the United States. These exports, in one single year, amount to 74,699,030 dollars, and in pounds sterling L16,599,783. Now, what can the South American State show in this way? Have they any exports? Or, at least, have they any that any man can speak of with certainty? Have they any revenue wherewith to pay the interest of a debt, when they are borrowing the very means of maintaining themselves now against the bare name of their king? We are often told that the Americans borrowed their money to carry on their Revolutionary war with. _Money!_ Aye; a farthing is money, and a double sovereign is no more than money. But surely some regard is to be had to the _quantity_; some regard is to be had to the amount of the money; and is there any man in his senses that will put the half million, which the Americans borrowed of the Dutch, in competition, that will name on the same day, this half million, with the twenty-one millions and a half borrowed by the South Americans as above stated? In short, it is almost to insult the understandings of my readers, to seem to institute any comparison between the two things; and nothing in the world, short of this gambling, this unprincipled, this maddening paper-money system, could have made men look with patience for one single moment at loans like these, tossed into the air with the hope and expectation of re-payment. However, let the bond-owners keep their bonds. Let them feel the sweets of the Small-note Bill, and of the consequent puffing up of the English funds. The affair is theirs. They have rejected my advice; they have listened to the broad sheet; and let them take all the consequences. Let