1822.] 
distress. The details might be enlarged 
upon, but enough has been proved for 
the present purpose. We therefore 
know the cause, and althougn it has 
never before been developed, yet the 
Remedy is but a corollary from the 
principle. The object of our financiers 
should be to diminish the drain from 
the country, by diminishing the taxes 
which constitute that drain; and then 
to keep up the amount of the revenue 
by taxing the public annuitants. The 
effect on the country would be double ; 
that is to say, if seven millions less were 
drawn from the country, it would not 
only not lose that sum, but would re- 
tain it as capital for the promotion of 
industry and agriculture ; while the 
fund-holder, in paying one-fifth of his 
income to secure the other four-fifths, 
would still be in a better condition in 
point of fiscal assessments, than any 
other class of society.* 
If it be objected, that the same drains 
existed during the late war, when the 
prices of produce attained so extrava- 
gaut a height, it should be considered, 
that, at that time the expenditure of 
the government doubled, and even 
trebled the amount of the sums drawn 
by the public annuitants from industry ; 
and that this enormous expenditure 
took place chiefly in contracts for the 
produce of agriculture, owing to which 
the demand constantly exceeded the 
supply, and prices rose accordingly. 
The drain of taxes was therefore coun- 
teracted by a greater expenditnre than 
the amount of the drain, which expen- 
diture was expanded over the countiy, 
and simultaneously produced counter- 
acting effects. But, on the return of 
peace, the agricultural interest lost its 
great customer in the markets, the 
supply then exceeded the demand, 
while the constant drain from the 
country to,the metropolis, has exhaust- 
ed the capitals of tenants, driven tens 
of thousands to the workhouse, and 
thrown on the land the expence of pro- 
viding for innumerable poor. 
In point of fact, the landed proprie- 
tors spent, in their late unhallowed 
crusades against liberty, the entire ren- 
tals of their estates, which stand 
_ 2 2 Sipe easier Gare BE 
* Those who consider it due to PUBLIC 
FAITH not to tax the funds, betray the 
fundholders. The only security of the 
fundholders is to abate their demands, at 
least 20 per cent. If they do not do this, 
either they will get nothing, or they will 
get all the land, without tenants or cultiva- 
tion! But tax the funds, and the evils will 
work their own cure. 
Suppressed Chapter of Gulliver's Travels. 
101 
pledged to the public creditors whose 
property they have become; and into 
whose possession they must fall, if the 
system of un-taxed fuuds is maintain- 
ed! All that the landlord or the cre- 
ditor receives separately, is so much 
more than the land can pay; and one 
of them must abate his demands, or 
tenants will be ruined in succession, 
the land be without cultivation, and 
landlord and annuitant be ruined toge- 
ther. At the same time if the landlord 
obtained his part, it would be re-spent 
chiefly among his tenantry, and the 
country might flourish as heretofore; 
but if what the landlord receives alone, 
were to continue to be paid to mortgagees 
congregated: in a distant metropolitan 
county, the effects would continue which 
we now witness, in exhausted Capitals, 
and ruined Tenants and Landlords. 
But the attempt to collect a DOUBLE 
amount of rents,and to transmit nearly 
half that double assessment to be hoard- 
ed or spent in a distant single district, 
on the chance of its returning indi- 
rectly and at a fulure period, into cir- 
culation, is a condition which, if perse- 
vered in by force of law and arms, 
must ruin the country, and drive its 
industrious population to distant climes, 
uncursed by military ambition, and by 
hard-hearted systems of ignorant and 
blundering economists. 
COMMON SENSE. 
a Saeed 
For the Monthly Magazine. 
The SUPPRESSED CHAPTER of GUL- 
LIVER’S TRAVELS. 
Gulliver visits the Politician of Laputa. 
HAT is the subject of this work 
(asked I,) for which you expect 
from the people of Laputa so liberal a 
pension ? 
I shall entitle it an “* Idea of the 
worst form of Government,” answered 
the philosopher Adelolmi: in some fit of 
ill-humour, the multitude, who are 
ever prone to mischief, will realize it ; 
and then I shall be ranked by posterity 
with Lyenrgus, Junius Brutus, William 
the Norman, and the other founders of 
celebrated tyrannies. 
How is this commonwealth to be 
composed ? (questioned I, anxiously). 
It blends (replied he) the characteristic 
absurdities of every sort of constitution, 
uniting the several vices of monarchy, 
aristocracy, and democracy.—You will 
oblige me by being more particular 
(said 1): how different it must be from 
that of my native land. 
He continued: You recollect that 
the legislative power at Rome was he- 
reditary 
