It is curious to observe that there has seldom been known in the world any very wicked and mischievous scheme of which a priest of some description or other was not at the bottom. This scheme, certainly as wicked in itself as any that was ever known, and far more mischievous in its consequences than any other, was the offspring of a Bishop of Salisbury, whose name was Burnet; a name that we ought to teach our very children to execrate. This crafty priest was made a Bishop for his invention of this scheme; a fit reward for such a service.

The Boroughmongers began this debt one hundred and twenty-four years ago. They have gone on borrowing ever since; and have never paid off one farthing, and never can. They have continued to pass Acts to make the people pay the interest of what has been borrowed; till, at last, the debt itself amounts to more than all the lands, all the houses, all the trees, all the canals and all the mines would sell for at their full sterling value; and the money to pay the interest is taken out of men's rents and out of their earnings; and you, Jack, as I shall by and by prove to you, pay to the Boroughmongers more than the half of what you receive in weekly wages from your master.

Is not this a pretty state of things? Pray observe, Jack, the debt far exceeds the real full value of the whole kingdom, if there could be a purchaser found for it. So that, you see, as to private property no man has any, as long as this debt hangs upon the country. Your master, Farmer Gripe, for instance, calls his farm his. It is none of his, according to the Boroughmongers' law; for that law has pawned it for the payment of the interest of the Boroughmongers' debt; and the pawn must remain as long as the Boroughmongers' law remains. Gripe is compelled to pay out of the yearly value of his farm a certain portion to the debt. He may, indeed, sell the farm; but he can get only a part of the value; because the purchaser will have to pay a yearly sum on account of the pawn. In short, the Boroughmongers have, in fact, passed laws to take every man's private property away from him, in whatever portions their debt may demand such taking away; and a man who thinks himself an owner of land, is at best only a steward who manages it for the Boroughmongers.

This, however, is only a small part of the evil; for the whole of the rents of the houses and lands and mines and canals would not pay the interest of this debt; no, and not much more than the half of it. The labour is therefore pawned too. Every man's labour is pawned for the payment of the interest of this debt. Aye, Jack, you may think that you are working for yourself, and that, when on a Saturday night you take nine shillings from Farmer Gripe, the shillings are for your own use. You are grievously deceived, for more than half the sum is paid to the Boroughmongers on account of the pawn. You do not see this, but the fact is so. Come, what are the things in which you expend the nine shillings? Tea, sugar, tobacco, candles, salt, soap, shoes, beer, bread; for no meat do you ever taste. On the articles taken together, except bread, you pay far more than half tax; and you will observe that your master's taxes are, in part, pinched out of you. There is an army employed in Ireland to go with the excisemen and other taxers to make the people pay. If the taxers were to wait at the ale houses and grocers' shops, and receive their portion from your own hands, you would then clearly see that the Boroughmongers take away more than the half of what you earn. You would then clearly see what it is that makes you poor and ragged, and that makes your children cry for the want of a bellyful. You would clearly see that what the hypocrites tell you about this being your lot, and about Providence placing you in such a state in order to try your patience and faith, is all a base falsehood. Why does not Providence place the Boroughmongers and the parsons in a state to try their patience and faith? Is Providence less anxious to save them than to save you? If you could see clearly what you pay on account of the Boroughmongers' pawn, you would see that your misery arises from the designs of a benevolent Providence being counteracted by the measures of the Borough-tyrants.

Your lot, indeed! Your lot assigned by Providence! This is real blasphemy! Just as if Providence, which sends the salt on shore all round our coast, had ordained that you should not have any of it unless you would pay the Boroughmongers fifteen shillings a bushel tax upon it! But what a Providence must that be which would ordain that an Englishman should pay fifteen shillings tax on a bushel of English salt, while a Long Islander pays only two shillings and sixpence for a bushel of the same salt, after it is brought to America from England? What an idea must we have of such a Providence as this? Oh no, Jack; this is not the work of Providence. It is the work of the Boroughmongers; the pretext about Providence has been invented to deceive and cheat you, and to perpetuate your slavery.

Well: all is pawned then. The land, the houses, the canals, the mines, and the labour are pawned for the payment of the interest of the Boroughmongers debt. Your labour, mind, Jack, is pawned for the one-half of its worth. But you will naturally ask, how is it that the nation, that everybody submits to this? There's your mistake, Jack. It is not everybody that submits. In the first place there are the Boroughmongers themselves and all their long tribe of relations, legitimate and spurious, who profit from the taxes, and who have the church livings, which they enjoy without giving the poor any part of their legal share of those livings. Then there are all the officers of army and navy, and all the endless hosts of place-men and place-women, pensioned men and pensioned women, and all the hosts of tax-gatherers, who alone, these last I mean, swallow more than would be necessary to carry on the Government under a reformed Parliament. But have you forgotten the lenders of the money which makes the debt? These people live wholly upon the interest of the debt; and of course they approve of your labour, and the labour of every man being pawned. The Boroughmongers have pawned your labour to them. Therefore they like that your labour should be taxed. They cannot be said to submit to the tyranny; they applaud it, and to their utmost they support it.

But you will say, still the mass of the people would, if they had a mind to bestir themselves, be too strong for all these. Very true. But you forget the army, Jack. This is a great military force, armed with bayonets, bullets and cannon-balls, ready at all times and in all places to march or gallop to attack the people, if they attempt to eat sugar or salt without paying the tax. There are forts, under the name of barracks, all over the kingdom, where armed men are kept in readiness for this purpose. In Ireland they actually go in person to help to collect the taxes; and in England they are always ready to do the same. Now, suppose, Jack, that a man who has a bit of land by the seaside, were to take up a little of the salt that Providence sends on shore. He would be prosecuted. He would resist the process. Soldiers would come and take him away to be tried and hanged. Suppose you, Jack, were to dip your rushes into grease, till they came to farthing candles. The Excise would prosecute you. The sheriff would send men to drag you to jail. You would fight in defence of your house and home. You would beat off the sheriff's men. Soldiers would come and kill you, or would take you away to be hanged.

This is the thing by which the Boroughmongers govern. There are enough who would gladly not submit to their tyranny; but there is nobody but themselves who has an army at command.

Nevertheless they are not altogether easy under these circumstances. An army is a two-edged weapon. It may cut the employer as well as the thing that it is employed upon. It is made up of flesh and blood, and of English flesh and blood too. It may not always be willing to move, or to strike when moved. The Boroughmongers see that their titles and estates hang upon the army. They would fain coax the people back again to feelings of reverence and love. They would fain wheedle them into something that shall blunt their hostility. They have been trying Bible-schemes, school-schemes, and soup-schemes. And at last they are trying the Savings Banks scheme, upon which I shall now more particularly address you.

This thing is of the same nature, and its design is the same, as those of the grand scheme of Bishop Burnet. The people are discontented. They feel their oppressions; they seek a change; and some of them have decidedly protested against paying any longer any part of the interest of the debt, which they say ought to be paid, if at all, by those who have borrowed and spent, or pocketed, the money. Now then, in order to enlist great numbers of labourers and artisans on their side, the Boroughmongers have fallen upon the scheme of coaxing them to put small sums into what they call banks. These sums they pay large interest upon, and suffer the parties to take them out whenever they please. By this scheme they think to bind great numbers to them and their tyranny. They think that great numbers of labourers and artisans, seeing their little sums increase, as they will imagine, will begin to conceive the hopes of becoming rich by such means; and as these persons are to be told that their money is in the funds, they will soon imbibe the spirit of fundholders, and will not care who suffers, or whether freedom or slavery prevail, so that the funds be but safe.