1822 Oct. 24

Tripoli

Pursuasive to Pasha

4. In such a state of things, individual foreigners would by degrees be found who would venture to embark their capitals in enterprizes of such descriptions as the above

5. Loans might even be obtained by Government for the establishment of any such such public works, as might be too great for the purses of individuals. This advantage will receive considerable facility from the extraordinary accumulation of capital that has taken place of late years in the European nations, and the diminution in the rate of annual profit in return for the use of it.

6. The Pasha's revenue consists in the whole or in great part in a tax on the produce of the soil. Such produce can never receive any considerable encrease, but from a proportionate encrease in the quantity of labour and money laid out upon it in the shape of capital: and the quantity of capital can never receive any considerable encrease but from a correspondent encrease in the degree of general security: and the degree of general security can never receive any considerable encrease but from a correspondent change in the constitution. Where in respect of person and property every man's lot depends upon the momentarily changeable and never assuredly knowable /cognoscible/ will of a single individual no human being in the country can with reason regard himself as safe, and least of all the Sovereign. By keeping every human being in the country in a state of perpetual insecurity, danger and alarm, he converts every man into a natural enemy and keeps himself in the character of an enemy to them exposed to hostile retribution at their hands.