• Choose a category
• All
• Classic-Fiction

By Root 5681 0

remaining sum of six millions six hundred and forty-two thousand six hundred pounds was applied to defray the yearly expense of government, the peace establishment of the army and navy, placemen, pensioners, etc.; consequently the whole of the enormous taxes being thus appropriated, she had nothing to spare out of them towards defraying the expenses of the present war or any other. Yet had she not been in debt at the beginning of the war, as we were not, and, like us, had only a land and not a naval war to carry on, her then revenue of eleven millions and a half pounds sterling would have defrayed all her annual expenses of war and government within each year. * The following is taken from Dr. Price's state of the taxes of England.

An account of the money drawn from the public by taxes, annually, being the medium of three years before the year 1776.

Amount of customs in England 2,528,275 L.

Amount of the excise in England 4,649,892

Land tax at 3s. 1,300,000

Land tax at 1s. in the pound 450,000

Salt duties 218,739

Duties on stamps, cards, dice, advertisements, bonds, leases, indentures, newspapers, almanacks, etc. 280,788

Duties on houses and windows 385,369

Post office, seizures, wine licences, hackney coaches, etc. 250,000

Annual profits from lotteries 150,000

Expense of collecting the excise in England 297,887

Expense of collecting the customs in England 468,703

Interest of loans on the land tax at 4s. expenses of collection, militia, etc. 250,000

Perquisites, etc. to custom-house officers, &c. supposed 250,000

Expense of collecting the salt duties in England 10 1/2 per cent. 27,000

Bounties on fish exported 18,000

Expense of collecting the duties on stamps, cards, advertisements, etc. at 5 and 1/4 per cent. 18,000

Total 11,642,653 L.

But this not being the case with her, she is obliged to borrow about ten millions pounds sterling, yearly, to prosecute the war that she is now engaged in, (this year she borrowed twelve) and lay on new taxes to discharge the interest; allowing that the present war has cost her only fifty millions sterling, the interest thereon, at five per cent., will be two millions and an half; therefore the amount of her taxes now must be fourteen millions, which on an average is no less than forty shillings sterling, per head, men, women and children, throughout the nation. Now as this expense of fifty millions was borrowed on the hopes of conquering America, and as it was avarice which first induced her to commence the war, how truly wretched and deplorable would the condition of this country be, were she, by her own remissness, to suffer an enemy of such a disposition, and so circumstanced, to reduce her to subjection.

I now proceed to the revenues of America.

I have already stated the number of souls in America to be three millions, and by a calculation that I have made, which I have every reason to believe is sufficiently correct, the whole expense of the war, and the support of the several governments, may be defrayed for two million pounds sterling annually; which, on an average, is thirteen shillings and four pence per head, men, women, and children, and the peace establishment at the end of the war will be but three quarters of a million, or five shillings sterling per head. Now, throwing out of the question everything of honor, principle, happiness, freedom, and reputation in the world, and taking it up on the simple ground of interest, I put the following case:

Suppose Britain was to conquer America, and, as a conqueror, was to lay her under no other conditions than to pay the same proportion towards her annual revenue which the people of England pay: our share, in that case, would be six million pounds sterling yearly. Can it then be a question, whether it is best to raise two millions to defend the country, and govern it ourselves, and only three quarters of a million afterwards, or pay six millions to have it conquered, and let the enemy govern it?

Can it be supposed that conquerors would choose to put themselves in a worse condition than what they granted to the conquered?