Memoirs of Henry Hunt, Esq. — Volume 2 by Henry Hunt
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page 23 of 387 (05%)
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money, by an enormous levy of taxes; the supplies voted this year being
forty-two millions, and the loan which took place being twenty-five millions. By this means the taxes this year were increased one million seven hundred and ninety-four thousand pounds. I believe that nothing but the dread of invasion would have induced the people of England to submit to such enormous drains upon their pockets. This bugbear, then, was cherished with the greatest care by the Ministers; a striking example of which is, the state of ferment we were placed in at Enford, the centre of the county of Wilts, at least fifty miles distant from any part of the coast, and a great deal further from any part of it where a landing was likely to be attempted. We all, however, in consequence of Lord Pembroke's letter, now went very steadily about our business again. The patriotic and truly illustrious Washington's Presidency expired in America this year, and he retired into private life, amidst the grateful benedictions of his country, which, under his wise, virtuous, and cheap administration, had, in spite of numerous difficulties, risen to such a magnitude, that its friendship was courted by all the old Governments. It appeared that the public debt was 78 millions of dollars, not more than 16 millions sterling, which sum was yearly diminishing, and that the annual expenditure of the chief officer of the state was only nine thousand five hundred pounds, not above half the amount of the sinecure of the Marquis of Buckingham or Marquis of Camden, as Tellers of the Exchequer. What a contrast was exhibited between the expences of Great Britain and those of America! In England the average price of wheat, throughout the year, was a hundred and twenty shillings a quarter, or fifteen shillings a bushel. It was estimated, that nine millions of acres of corn were grown in England this year, and the price which the produce sold for may be |
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