y. It will
consolidate the interest of the Republic with that of the individual.
To the numerous class dispossessed of their natural inheritance by the
system of landed property it will be an act of national justice. To
persons dying possessed of moderate fortunes it will operate as a
tontine to their children, more beneficial than the sum of money paid
into the fund: and it will give to the accumulation of riches a degree
of security that none of the old governments of Europe, now tottering on
their foundations, can give.

I do not suppose that more than one family in ten, in any of the
countries of Europe, has, when the head of the family dies, a clear
property left of five hundred pounds sterling. To all such the plan is
advantageous. That property would pay fifty pounds into the fund, and if
there were only two children under age they would receive fifteen pounds
each, (thirty pounds,) on coming of age, and be entitled to ten pounds
a-year after fifty. It is from the overgrown acquisition of property
that the fund will support itself; and I know that the possessors of
such property in England, though they would eventually be benefited by
the protection of nine-tenths of it, will exclaim against the plan. But
without entering into any inquiry how they came by that property, let
them recollect that they have been the advocates of this war, and that
Mr. Pitt has already laid on more new taxes to be raised annually upon
the people of England, and that for supporting the despotism of Austria
and the Bourbons against the liberties of France, than would pay
annually all the sums proposed in this plan.

I have made the calculations stated in this plan, upon what is called
personal, as well as upon landed property. The reason for making it upon
land is already explained; and the reason for taking personal property
into the calculation is equally well founded though on a different
principle. Land, as before said, is the free gift of the Creator in
common to the human race. Personal property is the effect of society;
and it is as impossible for an individual to acquire personal property
without the aid of society, as it is for him to make land originally.
Separate an individual from society, and give him an island or a
continent to possess, and he cannot acquire personal property. He cannot
be rich. So inseparably are the means connected with the end, in all
cases, that where the former do not exist the latter cannot be obtai