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It had imposed upon the princes of Europe the necessity of fettering the industry of their subjects by unheard-of imposts; and of wasting in self-defence the best strength of their states, which was thus lost to the prosperity of their inhabitants.

Small customs dues were placed on corn and other food supplies so as to please the agrarian party; imports of manufactured goods were taxed for the benefit of German industries, and even raw materials underwent small imposts.

We have something resembling it here and there in America, but it goes by another name. The large empire of the Pacific coast requires a world of iron machinery, and could manufacture it economically on the spot if the imposts on foreign iron were removed. But they are not. Protection to Pennsylvania and Alabama forbids it.

These simple artifices won for him their love, and while his armies trod down their cornfields, while his rapacious imposts diminished their property, while his governors oppressed, his executioners slaughtered, he secured their hearts by a friendly demeanor. Gladly would Charles have seen this affection of the nation for himself descend upon his son.

The Parliament gave other proofs of loyalty in this hour of peril. The Commons authorised the King to raise an extraordinary sum of four hundred thousand pounds for his present necessities, and that he might have no difficulty in finding the money, proceeded to devise new imposts.

Pennsylvania, for example, yielded the right of laying imposts in her own ports, in consideration that the new government, in which she was to have a share, should possess the power of laying imposts on all the States. If South Carolina now refuses to submit to this power, she breaks the condition on which other States entered into the Union.

Trade was restrained, or the privilege granted, on the payment of tolls, passages, paages, pontages, and innumerable other vexatious imposts, of which, only the barbarous and almost unintelligible names subsist at this day. These were the most constant and regular branches of the revenue.

War, indeed, and untoward events may change this prospect of things and call for expenses which imposts could not meet; but sound principles will not justify our taxing the industry of our fellow citizens to accumulate treasure for wars to happen we know not when, and which might not, perhaps, happen but from the temptations offered by that treasure.

The King related to Marechal that the extremity of his affairs had forced him to put on furious imposts; that setting aside compassion, scruples had much tormented him for taking thus the wealth of his subjects; that at last he had unbosomed himself to the Pere Tellier, who had asked for a few days to think upon the matter, and that he had returned after having had a consultation with some of the most skilful doctors of the Sorbonne, who had decided that all the wealth of his subjects was his, and that when he took it he only took what belonged to him!

I confine myself for the moment, Sir, to reminding you of these three expressions: 1. No bankruptcies; 2. No augmentation of imposts; 3. No loans. No bankruptcy, either avowed or masked by forced reductions. No augmentation of imposts the reason for that lies in the condition of your people, and still more in your Majesty's own heart.