The Atlantic Monthly, Volume 04, No. 26, December, 1859: A Magazine of Literature, Art, and PoliticsVarious
History
The Atlantic Monthly, Volume 04, No. 26, December, 1859: A Magazine of Literature, Art, and Politics
Various
American periodicals
He was no longer an object of consideration to Frenchmen, whose faith
in principles and in constitutions was nearly worn out. Poor and
infirm, indebted to Monroe's hospitality for a lodging, he remained
eighteen months under the roof of the Embassy, looking for an
opportunity to get back to America. Monroe wished to send him as bearer
of dispatches before the dissolution of the Convention. But a member of
that body could not leave France without a passport from it. To apply
for it would have announced his departure, and have given the English
government a chance to settle the old account they had against him.
After Monroe had returned to the United States, Paine engaged his
passage, and went to Havre to embark: but the appearance of a British
frigate off the port changed his plans. The sentence of outlawry, a
good joke four years before, had now become an unpleasant reality. So
he travelled back to Paris, full of hate against England, and relieved
his mind by writing a pamphlet on the "Decline and Fall of the English
System of Finance," a performance characteristic of the man,--sound,
clear sense mixed with ignorance and arrogance. He attempted to show
arithmetically that the English funding system could not continue to
the end of Mr. Pitt's life, supposing him to live to the usual age of
man. The calculation is ingenious, but has not proved to be as accurate
as some of Newton's. On the other hand, his remarks on paper money are
excellent, and his sneer at the Sinking Fund, then considered a great
invention in finance, well placed:--"As to Mr. Pitt's project for
paying off the national debt by applying a million a year for that
purpose while he continues adding more than twenty millions a year to
it, it is like setting a man with a wooden leg to run after a
hare;--the longer he runs, the farther he is off." The conclusion is
one of his peculiar flourishes of his own trumpet:--"I have now exposed
the English system of finance to the eyes of all nations,--for this
work will be published in all languages. As an individual citizen of
America, and as far as an individual can go, I have revenged (if I may
use the expression without any immoral meaning) the piratical
depredations committed on the American commerce by the English
government."
Public-domain text, read in full here on John Shaqi.
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