date

[xxxvi. 24] 1821. April 25.
[xxxvi. 24]

1821. April 25.

First Lines

Constitutional Finance.

\ZA\ Insert

Exhibit here or below the rule exhibiting the test of good management

In a Representative Democracy, the Financial branch of Government all the several

departments having for their actual end good management as applied to each, the

financial department has for its actual end frugality as above defined.

In a pure Monarchy, when that Expenditure which is employed in giving supply to that

waste by which gratification is afforded or endeavoured to be afforded to the appetites

of the Monarch, his favourites, and instruments, of which waste the expence of the war

department constitutes always the most expensive article, this branch has for its actual

end the same as that which in a representative democracy it has: viz frugality: the same

end with whatsoever inferiority in respect of uniformity steadiness and success pursued.

Even in the war department, frugality is, in all the details, an object actually

pursued: of the dicatates of frugality, the only one purposely violated is that by the

observance of which by far the greatest part of the whole expence of this de[artment

would be struck off: viz. that part which has for its object the carrying on a perpetual

offensive war against the subject many instead of employing /keeping/ eventually -

necessary their physical force without expence in a state of constant preparation for

defensive war against foreign nations.

In
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