justify: I mean, an alliance of the three, for the purposes that will
be mentioned in their proper place.

What has happened may happen again. By the statement before shown of
the progress of taxation, it is seen that taxes have been lessened to
a fourth part of what they had formerly been. Though the present
circumstances do not admit of the same reduction, yet they admit of such
a beginning, as may accomplish that end in less time than in the former
case.

The amount of taxes for the year ending at Michaelmas 1788, was as
follows:

Land-tax L 1,950,000
Customs 3,789,274
Excise (including old and new malt) 6,751,727
Stamps 1,278,214
Miscellaneous taxes and incidents 1,803,755
-----------
L15,572,755

Since the year 1788, upwards of one million new taxes have been laid on,
besides the produce of the lotteries; and as the taxes have in general
been more productive since than before, the amount may be taken, in
round numbers, at L17,000,000. (The expense of collection and the
drawbacks, which together amount to nearly two millions, are paid out of
the gross amount; and the above is the net sum paid into the exchequer).
This sum of seventeen millions is applied to two different purposes; the
one to pay the interest of the National Debt, the other to the current
expenses of each year. About nine millions are appropriated to the
former; and the remainder, being nearly eight millions, to the latter.
As to the million, said to be applied to the reduction of the debt, it
is so much like paying with one hand and taking out with the other, as
not to merit much notice. It happened, fortunately for France, that
she possessed national domains for paying off her debt, and thereby
lessening her taxes; but as this is not the case with England, her
reduction of taxes can only take place by reducing the current expenses,
which may now be done to the amount of four or five millions annually,
as will hereafter appear. When this is accomplished it will more than
counter-balance the enormous charge of the American war; and the saving
will be from the same source from whence the evil arose. As to the
national debt, however heavy the interest may be in taxes, yet, as it
serves to keep alive a capital useful to commerce, it balances by