The Works of Samuel Johnson, LL.D. Volume 11.: Parlimentary Debates II.Johnson, Samuel
History
The Works of Samuel Johnson, LL.D. Volume 11.: Parlimentary Debates II.
Johnson, Samuel
Great Britain. Parliament. House of Commons -- History -- 18th century
I, my lords, though it is not of very great importance to confute an
opinion by which the measures of the government will not be
obstructed, cannot forbear to declare myself of different sentiments,
and to assert, in opposition to artful calumnies and violent
invectives, that the present measures were originally right, that they
were such as prudence would dictate, and experience approve, and such
as we ought again to take, if we have again the power of choice.
I am, indeed, far from doubting, but these measures will, in a short
time, be justified by success; a criterion by which, however unjustly,
the greatest part of mankind will always judge of the conduct of their
governours; for it is apparent, my lords, that howsoever the French
power, commerce, and wealth, have been exaggerated by those that
either love or fear them, they will not long be able to stand against
us; their funds will in a short time fail them, and their armies must
be disbanded, when they can no longer be paid, lest, instead of
protecting their country, they should be inclined to plunder it.
The abundance of our wealth, my lords, and the profit of our commerce,
are sufficiently apparent from the price of our stocks, which were
never before supported at the same height for so long a time; and of
the fall of which neither an actual war with Spain, nor the danger
which has been suggested of another with France, with France in the
full possession of all its boasted advantages, has yet been able to
produce any token. Another proof of the exuberance of our riches, and
the prosperity of our commerce, by which they are acquired, is the
facility with which the government can raise in an instant the
greatest sums, and the low interest at which they are obtained. If we
compare our state in this respect with that of France, the insuperable
difficulties under which they must contend with us, will sufficiently
discover themselves. It is well known, my lords, that we have lately
raised the money which the service of each year required, at the
interest of three for a hundred; nor is it likely that there will be
any necessity of larger interest, though our annual demands were to be
equal to those of the last war. But the French are well known to raise
the sums which their exigencies require on very different terms, and
to have paid ten for a hundred for all the money which their late
projects have required; projects which they cannot pursue long at such
enormous expense, and by which their country must in a short time be
ruined, even without opposition.
While we can, therefore, raise three millions for less than the French
can obtain one, and, by consequence, support three regiments at the
same expense as one is supported in their service, we have surely no
reason to dread the superiority of their numbers, or to fear that they
will conquer by exhausting us.
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