His Grace is pleased to aggravate my guilt, by charging my acceptance of his majesty's grant as a departure from my ideas, and the spirit of my conduct with regard to economy. If it be, my ideas of economy were false and ill-founded. But they are the Duke of Bedford's ideas of economy I have contradicted, and not my own. If he means to allude to certain bills brought in by me on a message from the throne in 1782, I tell him, that there is nothing in my conduct that can contradict either the letter or the spirit of those acts. Does he mean the Pay-office Act? I take it for granted he does not. The act to which he alludes, is, I suppose, the Establishment Act. I greatly doubt whether his Grace has ever read the one or the other. The first of these systems cost me, with every assistance which my then situation gave me, pains incredible. I found an opinion common through all the offices, and general in the public at large, that it would prove impossible to reform and methodize the office of paymaster-general. I undertook it, however; and I succeeded in my undertaking. Whether the military service, or whether the general economy of our finances, have profited by that act, I leave to those who are acquainted with the army, and with the treasury, to judge. POLITICAL AXIOMS. I. Of all things, an indiscreet tampering with the trade of provisions is the most dangerous, and it is always worst in the time when men are most disposed to it: that is, in the time of scarcity. Because there is nothing on which the passions of men are so violent, and their judgment so weak, and on which there exists such a multitude of ill-founded popular prejudices. II. The great use of government is as a restraint; and there is no restraint which it ought to put upon others, and upon itself too, rather than that which is imposed on the fury of speculating under circumstances of irritation. The number of idle tales, spread about by the industry of faction, and by the zeal of foolish good-intention, and greedily devoured by the malignant credulity of mankind, tends infinitely to aggravate prejudices, which, in themselves, are more than sufficiently strong. In that state of affairs, and of the public with relation to them, the first thing that government owes to us, the people, is INFORMATION; the next is timely coercion:--the one to guide our judgment; the other to regulate our tempers. III.