Currency fallacies refuted, and paper money ... - University Library

PAPER MONEY VINDICATED. 75is the price he will have paid for the protectionhe has derived, as a man of property,from the carrying on of that war.It appears to me, that in this parallel it isimpossible to find any difference between thecondition of the landed and funded proprietor.Each ouglit to be taxed equally towards thedischarge of the obligations of the State,throughout a long course of years, as eachwould have been equally taxed, if it were thepractice of government to require all men tocontribute every year, according to their property,the sums required by the State, for theexigencies of the war, without incurring anydebt. If this had been the way in which theheavy expenses of the late war had been defrayed,is there any one that would maintainit to have been the bounden duty of the State,to restore to the capitalist that third of hisoriginal property, at the end of the war, whichthe taxes had taken from him in the courseof it, while the landowner was to be left to losehis third part, unless, by great personal privations,he could redeem it ? Yes ! The Editor ofthe Times maintains this, and more. He says,that they who will not acquit the public creditorof allliability to make good the expenses of thewar, by paying him back, at the close of it,hismoney in full weight and tale, so that he shallenjoy it the same as if the war had never