A noble indignation rises in the minds of your popular leaders, on

hearing the magic-lantern in their show of finance compared to the

fraudulent exhibitions of Mr. Law. They cannot bear to hear the sands

of his Mississippi compared with the rock of the Church, on which they

build their system. Pray let them suppress this glorious spirit, until

they show to the world what piece of solid ground there is for their

assignats, which they have not preoccupied by other charges. They do

injustice to that great mother fraud, to compare it with their

degenerate imitation. It is not true that Law built solely on a

speculation concerning the Mississippi. He added the East India trade;

he added the African trade; he added the farms of all the farmed revenue

of France. All these together unquestionably could not support the

structure which the public enthusiasm, not he, chose to build upon these

bases. But these were, however, in comparison, generous delusions. They

supposed, and they aimed at, an increase of the commerce of France. They

opened to it the whole range of the two hemispheres. They did not think

of feeding France from its own substance. A grand imagination found in

this flight of commerce something to captivate. It was wherewithal to

dazzle the eye of an eagle. It was not made to entice the smell of a

mole, nuzzling and burying himself in his mother earth, as yours is. Men

were not then quite shrunk from their natural dimensions by a degrading

and sordid philosophy, and fitted for low and vulgar deceptions. Above

all, remember, that, in imposing on the imagination, the then managers

of the system made a compliment to the freedom of men. In their fraud

there was no mixture of force. This was reserved to our time, to quench

the little glimmerings of reason which might break in upon the solid

darkness of this enlightened age.

On recollection, I have said nothing of a scheme of finance which may be

urged in favor of the abilities of these gentlemen, and which has been

introduced with great pomp, though not yet finally adopted in the

National Assembly. It comes with something solid in aid of the credit of

the paper circulation; and much has been said of its utility and its

elegance. I mean the project for coining into money the bells of the

suppressed churches. This is their alchemy. There are some follies which

baffle argument, which go beyond ridicule, and which excite no feeling

in us but disgust; and therefore I say no more upon it.

It is as little worth remarking any farther upon all their drawing and

re-drawing, on their circulation for putting off the evil day, on the

play between the Treasury and the _Caisse d'Escompte_, and on all these

old, exploded contrivances of mercantile fraud, now exalted into policy

of state. The revenue will not be trifled with. The prattling about the

rights of men will not be accepted in payment of a biscuit or a pound of

gunpowder. Here, then, the metaphysicians descend from their airy

speculations, and faithfully follow examples. What examples? The

examples of bankrupts. But defeated, baffled, disgraced, when their

breath, their strength, their inventions, their fancies desert them,

their confidence still maintains its ground. In the manifest failure of

their abilities, they take credit for their benevolence. When the

revenue disappears in their hands, they have the presumption, in some of

their late proceedings, to value _themselves_ on the relief given to the

people. They did not relieve the people. If they entertained such

intentions, why did they order the obnoxious taxes to be paid? The

people relieved themselves, in spite of the Assembly.

But waiving all discussion on the parties who may claim the merit of

this fallacious relief, has there been, in effect, any relief to the

people in any form? M. Bailly, one of the grand agents of paper

circulation, lets you into the nature of this relief. His speech to the

National Assembly contained a high and labored panegyric on the

inhabitants of Paris, for the constancy and unbroken resolution with

which they have borne their distress and misery. A fine picture of

public felicity! What! great courage and unconquerable firmness of mind

to endure benefits and sustain redress? One would think, from the speech

of this learned lord mayor, that the Parisians, for this twelvemonth

past, had been suffering the straits of some dreadful blockade,--that

Henry the Fourth had been stopping up the avenues to their supply, and

Sully thundering with his ordnance at the gates of Paris,--when in

reality they are besieged by no other enemies than their own madness and

folly, their own credulity and perverseness. But M. Bailly will sooner

thaw the eternal ice of his Atlantic regions than restore the central

heat to Paris, whilst it remains "smitten with the cold, dry, petrific

mace" of a false and unfeeling philosophy. Some time after this speech,

that is, on the thirteenth of last August, the same magistrate, giving

an account of his government at the bar of the same Assembly, expresses

himself as follows:--"In the month of July, 1789," (the period of

everlasting commemoration,) "the finances of the city of Paris were

_yet_ in good order; the expenditure was counterbalanced by the receipt,

and she had at that time a million [forty thousand pounds sterling] in

bank. The expenses which she has been constrained to incur, _subsequent

to the Revolution_, amount to 2,500,000 livres. From these expenses, and

the great falling off in the product of the _free gifts_, not only a

momentary, but a _total_, want of money has taken place." This is the

Paris upon whose nourishment, in the course of the last year, such

immense sums, drawn from the vitals of all France, have been expended.

As long as Paris stands in the place of ancient Rome, so long she will

be maintained by the subject provinces. It is an evil inevitably

attendant on the dominion of sovereign democratic republics. As it

happened in Rome, it may survive that republican domination which gave

rise to it. In that case despotism itself must submit to the vices of

popularity. Rome, under her emperors, united the evils of both systems;

and this unnatural combination was one great cause of her ruin.

To tell the people that they are relieved by the dilapidation of their

public estate is a cruel and insolent imposition. Statesmen, before they

valued themselves on the relief given to the people by the destruction

of their revenue, ought first to have carefully attended to the solution

of this problem:--Whether it be more advantageous to the people to pay

considerably and to gain in proportion, or to gain little or nothing and

to be disburdened of all contribution? My mind is made up to decide in

favor of the first proposition. Experience is with me, and, I believe,

the best opinions also. To keep a balance between the power of

acquisition on the part of the subject and the demands he is to answer

on the part of the state is the fundamental part of the skill of a true

politician. The means of acquisition are prior in time and in

arrangement. Good order is the foundation of all good things. To be

enabled to acquire, the people, without being servile, must be tractable

and obedient. The magistrate must have his reverence, the laws their

authority. The body of the people must not find the principles of

natural subordination by art rooted out of their minds. They must

respect that property of which they cannot partake. They must labor to

obtain what by labor can be obtained; and when they find, as they

commonly do, the success disproportioned to the endeavor, they must be

taught their consolation in the final proportions of eternal justice. Of

this consolation whoever deprives them deadens their industry, and

strikes at the root of all acquisition as of all conservation. He that

does this is the cruel oppressor, the merciless enemy of the poor and

wretched; at the same time that by his wicked speculations he exposes

the fruits of successful industry and the accumulations of fortune to

the plunder of the negligent, the disappointed, and the unprosperous.

Too many of the financiers by profession are apt to see nothing in

revenue but banks, and circulations, and annuities on lives, and

tontines, and perpetual rents, and all the small wares of the shop. In a

settled order of the state, these things are not to be slighted, nor is

the skill in them to be held of trivial estimation. They are good, but

then only good when they assume the effects of that settled order, and

are built upon it. But when men think that these beggarly contrivances

may supply a resource for the evils which result from breaking up the

foundations of public order, and from causing or suffering the

principles of property to be subverted, they will, in the ruin of their

country, leave a melancholy and lasting monument of the effect of

preposterous politics, and presumptuous, short-sighted, narrow-minded

wisdom.

The effects of the incapacity shown by the popular leaders in all the

great members of the commonwealth are to be covered with the

"all-atoning name" of Liberty. In some people I see great liberty,

indeed; in many, if not in the most, an oppressive, degrading servitude.

But what is liberty without wisdom and without virtue? It is the

greatest of all possible evils; for it is folly, vice, and madness,

without tuition or restraint. Those who know what virtuous liberty is

cannot bear to see it disgraced by incapable heads, on account of their

having high-sounding words in their mouths. Grand, swelling sentiments

of liberty I am sure I do not despise. They warm the heart; they enlarge

and liberalize our minds; they animate our courage in a time of

conflict. Old as I am, I read the fine raptures of Lucan and Corneille

with pleasure. Neither do I wholly condemn the little arts and devices

of popularity. They facilitate the carrying of many points of moment;

they keep the people together; they refresh the mind in its exertions;

and they diffuse occasional gayety over the severe brow of moral

freedom. Every politician ought to sacrifice to the Graces, and to join

compliance with reason. But in such an undertaking as that in France all

these subsidiary sentiments and artifices are of little avail. To make a

government requires no great prudence. Settle the seat of power, teach

obedience, and the work is done. To give freedom is still more easy. It

is not necessary to guide; it only requires to let go the rein. But to

form a _free government_, that is, to temper together these opposite

elements of liberty and restraint in one consistent work, requires much

thought, deep reflection, a sagacious, powerful, and combining mind.

This I do not find in those who take the lead in the National Assembly.

Perhaps they are not so miserably deficient as they appear. I rather

believe it. It would put them below the common level of human

understanding. But when the leaders choose to make themselves bidders at

an auction of popularity, their talents, in the construction of the

state, will be of no service. They will become flatterers instead of

legislators,--the instruments, not the guides of the people. If any of

them should happen to propose a scheme of liberty soberly limited, and

defined with proper qualifications, he will be immediately outbid by his

competitors, who will produce something more splendidly popular.

Suspicions will be raised of his fidelity to his cause. Moderation will

be stigmatized as the virtue of cowards, and compromise as the prudence

of traitors,--until, in hopes of preserving the credit which may enable

him to temper and moderate on some occasions, the popular leader is

obliged to become active in propagating doctrines and establishing

powers that will afterwards defeat any sober purpose at which he

ultimately might have aimed.

* * * * *

But am I so unreasonable as to see nothing at all that deserves

commendation in the indefatigable labors of this Assembly? I do not

deny, that, among an infinite number of acts of violence and folly, some

good may have been done. They who destroy everything certainly will

remove some grievance. They who make everything new have a chance that

they may establish something beneficial. To give them credit for what

they have done in virtue of the authority they have usurped, or to

excuse them in the crimes by which that authority has been acquired, it

must appear that the same things could not have been accomplished

without producing such a revolution. Most assuredly they might; because

almost every one of the regulations made by them, which is not very

equivocal, was either in the cession of the king, voluntarily made at

the meeting of the States, or in the concurrent instructions to the

orders. Some usages have been abolished on just grounds; but they were

such, that, if they had stood as they were to all eternity, they would

little detract from the happiness and prosperity of any state. The

improvements of the National Assembly are superficial, their errors

fundamental.

Whatever they are, I wish my countrymen rather to recommend to our

neighbors the example of the British Constitution than to take models

from them for the improvement of our own. In the former they have got an

invaluable treasure. They are not, I think, without some causes of

apprehension and complaint; but these they do not owe to their

Constitution, but to their own conduct. I think our happy situation

owing to our Constitution,--but owing to the whole of it, and not to any

part singly,--owing in a great measure to what we have left standing in

our several reviews and reformations, as well as to what we have altered

or superadded. Our people will find employment enough for a truly

patriotic, free, and independent spirit, in guarding what they possess

from violation. I would not exclude alteration neither; but even when I

changed, it should be to preserve. I should be led to my remedy by a

great grievance. In what I did, I should follow the example of our

ancestors. I would make the reparation as nearly as possible in the

style of the building. A politic caution, a guarded circumspection, a

moral rather than a complexional timidity, were among the ruling

principles of our forefathers in their most decided conduct. Not being

illuminated with the light of which the gentlemen of France tell us they

have got so abundant a share, they acted under a strong impression of

the ignorance and fallibility of mankind. He that had made them thus

fallible rewarded them for having in their conduct attended to their

nature. Let us imitate their caution, if we wish to deserve their

fortune or to retain their bequests. Let us add, if we please, but let

us preserve what they have left; and standing on the firm ground of the

British Constitution, let us be satisfied to admire, rather than attempt

to follow in their desperate flights, the aëronauts of France.

I have told you candidly my sentiments. I think they are not likely to

alter yours. I do not know that they ought. You are young; you cannot

guide, but must follow, the fortune of your country. But hereafter they

may be of some use to you, in some future form which your commonwealth

may take. In the present it can hardly remain; but before its final

settlement, it may be obliged to pass, as one of our poets says,

"through great varieties of untried being," and in all its

transmigrations to be purified by fire and blood.

I have little to recommend my opinions but long observation and much

impartiality. They come from one who has been no tool of power, no

flatterer of greatness, and who in his last acts does not wish to belie

the tenor of his life. They come from one almost the whole of whose

public exertion has been a struggle for the liberty of others,--from one

in whose breast no anger durable or vehement has ever been kindled but

by what he considered as tyranny, and who snatches from his share in the

endeavors which are used by good men to discredit opulent oppression the

hours he has employed on your affairs, and who in so doing persuades

himself he has not departed from his usual office. They come from one

who desires honors, distinctions, and emoluments but little, and who

expects them not at all,--who has no contempt for fame, and no fear of

obloquy,--who shuns contention, though he will hazard an opinion; from

one who wishes to preserve consistency, but who would preserve

consistency by varying his means to secure the unity of his end,--and,

when the equipoise of the vessel in which he sails may be endangered by

overloading it upon one side, is desirous of carrying the small weight

of his reasons to that which may preserve its equipoise.

FOOTNOTES:

[77] Ps. cxlix.

[78] Discourse on the Love of our Country, Nov. 4, 1789, by Dr. Richard

Price, 3d edition, p. 17 and 18.

[79] "Those who dislike that mode of worship which is prescribed by

public authority ought, if they can find _no_ worship _out_ of the

Church which they approve, _to set up a separate worship for

themselves_; and by doing this, and giving an example of a rational and

manly worship, men of _weight_ from their _rank_ and literature may do

the greatest service to society and the world."--P. 18, Dr. Price's

Sermon.

[80] P. 34, Discourse on the Love of our Country, by Dr. Price.

[81] 1st Mary, sess. 3, ch. 1.

[82] "That King James the Second, having endeavored _to subvert the

Constitution_ of the kingdom, by breaking the _original contract_

between king and people, and, by the advice of Jesuits and other wicked

persons, having violated the _fundamental_ laws, and _having withdrawn

himself out of the kingdom_, hath _abdicated_ the government, and the

throne is thereby _vacant_."

[83] P. 23, 23, 24.

[84] See Blackstone's Magna Charta, printed at Oxford, 1759.

[85] 1 W. and M.

[86] Ecclesiasticus, chap, xxxviii. ver. 24, 25. "The wisdom of a

learned man cometh by opportunity of leisure: and he that hath little

business shall become wise. How can he get wisdom that holdeth the

plough, and that glorieth in the goad; that driveth oxen, and is

occupied in their labors, and whose talk is of bullocks?"

Ver. 27. "So every carpenter and workmaster, that laboreth night and

day," &c.

Ver. 33. "They shall not be sought for in public counsel, nor sit high

in the congregation: they shall not sit on the judge's seat, nor

understand the sentence of judgment: they cannot declare justice and

judgment, and they shall not be found where parables are spoken."

Ver. 34. "But they will maintain the state of the world."

I do not determine whether this book be canonical, as the Gallican

Church (till lately) has considered it, or apocryphal, as here it is

taken. I am sure it contains a great deal of sense and truth.

[87] Discourse on the Love of our Country, 3rd edit. p. 39.

[88] Another of these reverend gentlemen, who was witness to some of the

spectacles which Paris has lately exhibited, expresses himself

thus:--"_A king dragged in submissive triumph by his conquering

subjects_ is one of those appearances of grandeur which seldom rise in

the prospect of human affairs, and which, during the remainder of my

life, I shall think of with wonder and gratification." These gentlemen

agree marvellously in their feelings.

[89] State Trials, Vol. II. p. 360, 363.

[90] 6th of October, 1789.

[91] "Tous les Évêques à la lanterne!"

[92] It is proper here to refer to a letter written upon this subject by

an eyewitness. That eyewitness was one of the most honest, intelligent,

and eloquent members of the National Assembly, one of the most active

and zealous reformers of the state. He was obliged to secede from the

Assembly; and he afterwards became a voluntary exile, on account of the

horrors of this pious triumph, and the dispositions of men, who,

profiting of crimes, if not causing them, have taken the lead in public

affairs.

_Extract of M. de Lally Tollendal's Second Letter to a Friend_.

"Parlons du parti que j'ai pris; il est bien justifé dans ma

conscience.--Ni cette ville coupable, ni cette assemblée plus coupable

encore, ne méritoient que je me justifie; mais j'ai à cœur que vous, et

les personnes qui pensent comme vous, ne me condamnent pas.--Ma santé,

je vous jure, me rendoit mes fonctions impossibles; mais même en les

mettant de côté il a été au-dessus de mes forces de supporter plus

longtems l'horreur que me causoit ce sang,--ces têtes,--cette reine

_presque egorgée_,--ce roi, amené _esclave_, entrant à Paris au milieu

de ses assassins, et précédé des têtes de ses malheureux gardes,--ces

perfides janissaires, ces assassins, ces femmes cannibales,--ce cri de

TOUS LES ÉVÊQUES À LA LANTERNE, dans le moment où le roi entre sa

capitale avec deux évêques de son conseil dans sa voiture,--un _coup de

fusil_, que j'ai vu tirer dans un _des carrosses de la reine_,--M.

Bailly appellant cela _un beau jour_,--l'assemblée ayant déclaré

froidement le matin, qu'il n'étoit pas de sa dignité d'aller toute

entière environner le roi,--M. Mirabeau disant impunément dans cette

assemblée, que le vaisseau de l'état, loin d'être arrêté dans sa course,

s'élanceroit avec plus de rapidité que jamais vers sa régénération,--M.

Barnave, riant avec lui, quand des flots de sang couloient autour de

nous,--le vertueux Mounier[A] échappant par miracle à vingt assassins,

qui avoient voulu faire de sa tête un trophée de plus: Voilà ce qui me

fit jurer de ne plus mettre le pied _dans cette caverne d'Antropophages_

[The National Assembly], où je n'avois plus de force d'élever la voix,

où depuis six semaines je l'avois élevée en vain.

"Moi, Mounier, et tous les honnêtes gens, ont pensé que le dernier

effort à faire pour le bien étoit d'en sortir. Aucune idée de crainte ne

s'est approchée de moi. Je rougirois de m'en défendre. J'avois encore

reçû sur la route de la part de ce peuple, moins coupable que ceux qui

l'ont enivré de fureur, des acclamations, et des applaudissements, dont

d'autres auroient été flattés, et qui m'ont fait frémir. C'est à

l'indignation, c'est à l'horreur, c'est aux convulsions physiques, que

le seul aspect du sang me fait éprouver que j'ai cédé. On brave une

seule mort; on la brave plusieurs fois, quand elle peut être utile. Mais

aucune puissance sous le ciel, mais aucune opinion publique ou privée

n'ont le droit de me condamner à souffrir inutilement mille supplices

par minute, et à périr de désespoir, de rage, au milieu des _triomphes_,

du crime que je n'ai pu arrêter. Ils me proscriront, ils confisqueront

mes biens. Je labourerai la terre, et je ne les verrai plus. Voilà ma

justification. Vous pourrez la lire, la montrer, la laisser copier; tant

pis pour ceux qui ne la comprendront pas; ce ne sera alors moi qui

auroit eu tort de la leur donner."

This military man had not so good nerves as the peaceable gentlemen of

the Old Jewry.--See Mons. Mounier's narrative of these transactions: a

man also of honor and virtue and talents, and therefore a fugitive.

[A] N.B.M. Mounier was then speaker of the National Assembly. He has

since been obliged to live in exile, though one of the firmest assertors

of liberty.

[93] See the fate of Bailly and Condorcet, supposed to be here

particularly alluded to. Compare the circumstances of the trial and

execution of the former with this prediction.

[94] The English are, I conceive, misrepresented in a letter published

in one of the papers, by a gentleman thought to be a Dissenting

minister. When writing to Dr. Price of the spirit which prevails at

Paris, he says,--"The spirit of the people in this place has abolished

all the proud _distinctions_ which the _king_ and _nobles_ had usurped

in their minds: whether they talk of _the king, the noble, or the

priest_, their whole language is that of the most _enlightened and

liberal amongst the English_." If this gentleman means to confine the

terms _enlightened and liberal_ to one set of men in England, it may be

true. It is not generally so.

[95] Sit igitur hoc ab initio persuasum civibus, dominos esse omnium

rerum ac moderatores deos; eaque, quæ gerantur, eorum geri vi, ditione,

ac numine; eosdemque optime de genere hominum mereri; et qualis quisque

sit, quid agat, quid in se admittat, qua mente, qua pietate colat

religiones intueri: piorum et impiorum habere rationem. His enim rebus

imbutæ mentes haud sane abhorrebunt ab utili et a vera sententia.--Cic.

de Legibus, l. 2.

[96] Quicquid multis peccatur inultum.

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