bts which he suffered to be contracted in hope of advantage to
himself, and for bargains in which he proportioned his profit to his own
opinion of the hazard; and there is no reason why one should punish the
other for a contract in which both concurred.

Many of the inhabitants of prisons may justly complain of harder
treatment. He that once owes more than he can pay, is often obliged to
bribe his creditor to patience, by increasing his debt. Worse and worse
commodities, at a higher and higher price, are forced upon him; he is
impoverished by compulsive traffick, and at last overwhelmed, in the
common receptacles of misery, by debts, which, without his own consent,
were accumulated on his head. To the relief of this distress, no other
objection can be made, but that by an easy dissolution of debts fraud
will be left without punishment, and imprudence without awe; and that
when insolvency should be no longer punishable, credit will cease.

The motive to credit is the hope of advantage. Commerce can never be at
a stop, while one man wants what another can supply; and credit will
never be denied, while it is likely to be repaid with profit. He that
trusts one whom he designs to sue, is criminal by the act of trust: the
cessation of such insidious traffick is to be desired, and no reason can
be given why a change of the law should impair any other.

We see nation trade with nation, where no payment can be compelled.
Mutual convenience produces mutual confidence; and the merchants
continue to satisfy the demands of each other, though they have nothing
to dread but the loss of trade.

It is vain to continue an institution, which experience shows to be
ineffectual. We have now imprisoned one generation of debtors after
another, but we do not find that their numbers lessen. We have now
learned that rashness and imprudence will not be deterred from taking
credit; let us try whether fraud and avarice may be more easily
restrained from giving it[1].

I am, Sir, &c.

[1] This number was substituted, for some reason not ascertained, for
the keenly satirical original, which is reprinted at the end of this
volume.

The observations of the present paper are such as would naturally
suggest themselves to an honest and benevolent mind like Johnson's; but
their political correctness may reasonably be questioned. An attempt has
been made, since his day, to provide a humane protection for the
unfortunate debtor. But has it not, at