e, we are told, it is to be imputed that
still more of our capital has not been pushed into the channel of our
commerce, to roll back in its reflux still more abundant capital, and
fructify the national treasury in its course. Indeed, my dear Sir, when
I have before my eyes this consentient testimony of the corporation of
the city of London, the West India merchants, and all the other
merchants who promoted the other plans, struggling and contending which
of them shall be permitted to lay out their money in consonance with
their testimony, I cannot turn aside to examine what one or two violent
petitions, tumultuously voted by real or pretended liverymen of London,
may have said of the utter destruction and annihilation of trade.

This opens a subject on which every true lover of his country, and, at
this crisis, every friend to the liberties of Europe, and of social
order in every country, must dwell and expatiate with delight. I mean to
wind up all my proofs of our astonishing and almost incredible
prosperity with the valuable information given to the Secret Committee
of the Lords by the Inspector-General. And here I am happy that I can
administer an antidote to all despondence from the same dispensary from
which the first dose of poison was supposed to have come. The report of
that committee is generally believed to have derived much benefit from
the labors of the same noble lord who was said, as the author of the
pamphlet of 1795, to have led the way in teaching us to place all our
hope on that very experiment which he afterwards declared in his place
to have been from the beginning utterly without hope. We have now his
authority to say, that, as far as our resources were concerned, the
experiment was equally without necessity.

"It appears," as the committee has very justly and satisfactorily
observed, "by the accounts of the value of the imports and exports for
the last twenty years, produced by Mr. Irving, Inspector-General of
Imports and Exports, that the demands for cash to be sent abroad"
(which, by the way, including the loan to the Emperor, was nearly one
third less sent to the Continent of Europe than in the Seven Years' War)
... "was greatly compensated by a very large balance of commerce in
favor of this kingdom,--greater than was ever known in any preceding
period. The value of the exports of the last year amounted, according to
the valuation on which the accounts of the Inspector-General are
founded, to