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Beyond Penn's Treaty

The Life of Thomas Eddy; Comprising an Extensive Correspondence

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been progressively increasing, while our colonial
East India possessions add considerably to the great
mass of property which centres in the country.

1st. The value of what is created by
the produce of the land, including
corn, cattle, horses, sheep, butter,
cheese, hay, wood, &c. &c. turns out,
upon close examination, to exceed
in value 95,000,000l. 2d. The produce of mines and minerals 7,000,000 3d. The net produce of manufactures,
after deducting the cost of the raw
materials, at least 90,000,000 4th. The value of food, obtained by
the coast, for horses, from labour 1,000,000 5th. The profit arising from foreign
commerce, and for horses 25,000,000 6th. The money remitted from colo-
nial and East India possessions, to
individuals residing in this country,
and thereby making a part of the
national income, 4,000,000 Total, 222,000,000l.

Such are the resources of the country, by which it
is enabled (exclusively of the resources of Scotland


and Ireland) to oppose itself to one of the most power-
ful tyrants that ever assailed the liberties of man-
kind, or afflicted the nations of Europe.—And, after
all, this income is confined to nine millions of people,
in England and Wales; and, high as the taxes are,
even including 10 per cent. upon income, they do
not exceed 18 per cent. upon the new property annu-
ally created; while the national debt in sterling
money is not yet much above two years value of the
national income, while the sinking fund, applicable to
its reduction, now amounts to twelve millions a year,
and from the accumulating operation which it pos-
sesses, is daily increasing.