date

1820 June 4 Emancipation Spanish
1820 June 4

Emancipation Spanish

'. 5. People sufferers

In the following conjectural account, extracted from it in the anatomy /anatomical proof/ /dissection/ performed upon the body of Spanish finance for the purpose of the present enquiry, I begin with deflecting off and putting aside that part of the aggregate expenditure which as far as I can judge from the indication given of the nature of the items would contain has not for its cause the possession of or the claim to the Spanish American provinces or any of them; and which would accordingly still have place, even supposing a /the her proposed separation/ to have had /taken/ place in every instance.

The original as it stands, is reprinted at the bottom of this page.

This done, I enter upon and display to view that part /these several items/ which as far as I can judge from these same indications appertains in common to both countries. /the two hemispheres/ In so far as true, /this is true, this part of the expenditure/ it will for the purpose here in question require to be in some proportion divided between the two countries. In some proportion? but in what? To this question, I am of course unable to find any answer that can lay a claim to any thing like correctness. In this case, /finding all grounds for the supposition of greater amount on one side and lesser on the other, equality is the only proportion that can be assumed. This proportion assumed the account stands thus

1. Total of expenditure appertaining in common to Spain and Spanish America A o 1778 setting aside the particular expense appertaining to the Royal family, and thence to the

Monarchical part of the Constitution...........

Reals Vellon

Pounds Sterling

2. Take for the expenditure appertaining exclusively to Spanish America the half of the above.

3. Add as peculiar in toto to Spanish American expenditure of the Council of the Indies sitting in Spain -

4. Total having for its cause dominion over Spanish America
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    Remains as said for the expenditure appertaining in that same year exclusively to Spain, to the exclusion of Spanish America and which consequently (setting apart as before the expenditure of the Royal family would in that year have remained to be defrayed by taxes on the Spanish people, had the dominion over Spanish America not been in the hands of the rulers in Spain.......................

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    (a) The following is Reprinted from the original Vol. II. pp. 187, 188. Expenditure. 1778.
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    '. Mediation proposed.

    '. Preliminary Considerations submitted - 1. dominion or mediator which most /best for/ conducive to amity 2. Spain or Spanish America which the [...?] of empire[?]. 3. The demand for separation arises out of the Constitution.

    Before I enter upon the proof of these propositions, there are two other observations which it may be proper for me to lay before you.

    1. Peace and harmony is recommended to the Spanish Americans and it is in enforcing a recommendation to this effect that the greater part of this long and eloquent State-paper is employed. But /At the same time/ the misfortune is, that the submission to Spanish rulers is all along assumed, virtually and decidedly howsoever tacitly assumed as the condition sina quâ non the indispensable arrangement without which no such blessings as those in question even in the countries in question have place.

    Now what to me seems clear is that to their most desirable /happy/ ends this which nothing can be more truly /intensely/ desirable, offers of friendly mediation upon equal terms without any claim of dominion would be much more efficiently /surely/ conducive than any such claim could be. In some particulars on some accounts mediation from you would be more suitable - in some /other/ particulars, on other accounts from the Anglo-American United States. From a conjunct mediation of both better grounded expectations of a happy result might, as far as to me appears be entertained than from any other power /authority/ that the state of human society at this day affords.

    After saying /submitting/ what would be the fittest composition /elements/ for such a function /mode/ for any such healing remedy, it would be superfluous surely for any man to set himself to hand out to you what would to the worst. France, Poland, Norway, Finland last November[?] the Netherlands Saxony, Naples, Genoa, [...?].- any one of all these countries, would by the bare mention of it suffice to perform the function of such advice.
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    '. 6. Tables - grounds of the opinion

    Note (a) to Table 1.

    (a) In this Table, under the head of Indian

    Revenue, vast differences will be found between some periods and others. For

    solution of the difficulty, the observation made by Townsend is that, when the amounts are so large it is the gross revenue that is given; when they are so small the net revenue. By net, what he seems to have meant

    is - that part, which found its way into the treasury is

    Spain: by gross, the whole of

    what was collected in America and Spain together: the rest

    being expended, in the countries in and from which it was collected. At the same

    time, you have seen him insisting that " the Spanish Colonies

    yield no direct revenue to the Mother Country": and the time, in relation to

    which this is said, is little distant from the times, at which, if the above

    supposition be correct, they are stated by him as yielding to the Mother Country

    considerable sums: namely Reals vellon 39,899,918 on an average of 10 years ending

    1778; and 60,000,000 reals vellon, on an average of 5 years, ending 1785. To

    reconcile the general assertion with these articular accounts, we must suppose, that,

    on the occasion of the general assertion, he took into consideration that part of the

    expenditure of Spain which, being made in Spain on account of Spanish America, was

    drawn from Spain: namely of the total expenditure of Spain in Spain, that part, which was bestowed upon such parts, of the Army,

    Navy, Judicial and Financial establishments respectively the demand for which was

    produced by the dominion exercised in Spanish America by the Spanish rulers. On this

    supposition, the expenditure, in Spain on account of Spanish America, being deducted from the net amount of the receipt in Spain from Spanish

    America,- the balance, according to his abovementioned general assertion, was