is the Blood of the Body Politick, is suffer'd to run out, and there is no Supply, all Projects for restoring Credit, and keeping up the Spirits of the People, will prove abortive. Trade, and the Noblest Undertakings for Employing the Poor, must be at a full Stop, if Money be wanting to carry them on.

'Tis certain, that until we have a greater Plenty of Money, Trade and all other Business must be assisted with Paper Credit; and if it does not receive Voluntary Credit, it will never be made by Force. And if our Affairs are rightly managed, our Estates are doubled, and secur'd; if not, the best Estates will soon be worth nothing.

That Paper Credit may have an immediate Currency, it is necessary for the Exchequer to issue out as many Notes as they shall be able to circulate, with a Tax of a Guinea on every Transfer; the one Half to be paid by the Buyer, and the other by the Seller.

That those Bills be to discharge the Debts due and owing by the Government: And that the said Bills be circulated in London.

Some make a mighty Noise, that if our Coin be raised, Foreigners will not take it. I answer, For that Reason we ought to raise it. If we are to pay Foreigners any Thing upon the Balance of an Accompt, we ought to pay them as near as we can in their own Coin.

That no Person (under severe Penalty) presume to raise the Price of any Thing, on Account of the Alteration of the Coin; otherwise the Name is only alter'd, and not the Value of our Coin: There being as much Reason for the Parliament to put a Value thereon, as for a Goldsmith to do it on wrought Plate.

But the first Care to be taken, is, How the Nation may prevent any Advance in South-Sea Stock above what it was before; so that Foreigners concern'd may not receive a greater Principal than a Hundred Pound, and Five per Cent. as they did before this unhappy Ingraftment: For the Stock, by the said Ingraftment, will be of such a Magnitude, that a Hundred per Cent. Advance will, in all Probability, give the Strangers such a Capital, as will amount to more than the whole Cash of the Kingdom.

The Foreigners have taken an Alarm since our late unhappy Mismanagement; and are only waiting for some New Project, to sell out, and strip us entirely: So that if we will consider our own Preservation, we must rather depretiate our Stocks, than seek Means to augment them.

It is a receiv'd Maxim, Salus Populi Suprema Lex esto: This I take to be meant of the whole Body, not of some Parts of the People. And tho' Thousands may suffer, yet it is a receiv'd Rule, That the Whole is first to be consider'd, when it comes in Competition with any Parts.

Therefore, in our present Case, the Whole is to be consider'd; and the Preservation of that, is to weigh down against all the Hardships that may happen to Particulars.

Now, if this Maxim stands good, it is the Obligation of every true Lover of his Country, to have that in View; and not, from a Regard to Particulars, run the Hazard of sacrificing the Whole. Their Misfortunes ought to have no Weight, nor any Contrivance to ease them, prevail, in Balance with our Country.

Our late Project, if it could have been held up, would have created such a Luxury, that that very Thing alone would have undone the Nation, and would have sunk us; tho' not with such a Rapidity, as the Way which we have now in some measure escap'd.