Thoughts On the Present Discontents, And Speeches, Etc.

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Though, in truth, their payment, from the Sinking Fund, of debt which was nevercontracted by Parliamentary authority, was, to all intents and purposes, so much debt incurred. But such is the present notion of public creditand payment of debt. No wonder that it produces such effects.
Nor was the House at all more attentive to a provident security againstfuture, than it had been to a vindictive retrospect to past, mismanagements. I should have thought indeed that a Ministerial promise, during the
...ir own continuance in office, might have been given, thoughthis would have been but a poor security for the public. Mr. Pelham gavesuch an assurance, and he kept his word. But nothing was capable ofextorting from our Ministers anything which had the least resemblance toa promise of confining the expenses of the Civil List within the limitswhich had been settled by Parliament. This reserve of theirs I look uponto be equivalent to the clearest declaration that they were resolved upona contrary course.

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