1820 July 23

From Emancipation Spanish Retrenchment

'. 11. Particualr interests adverse

Retrenchment principles

The interests of the King, of the Clergy, of the Public Creditor all concur in

requiring that thais emancipation should have place. To avoid practical error,

political surveys must be not merely extensive but all comprehensive. Retrench

somewhere is indispensable. For a long time receipt has fallen short of expenditure

exzpenditure has outrun receipt not substraction form but addition to expenditure

will for some time be among the unaviodable results of the auspicious change.

Retrenchment somewhere is therfore indispensable. Retrenchment is this quarter may be

made with less suffering than from any of those other quarters. The greater the

retrenchemtn made in any one of those quarters the less will need to be the

retrenchment from those other quarters taken together In this quarter Retrenchment

may be made with less suffering than is one of those other quarters.

Follow certain principles not as to financial[?] retrenchment. Judge, my friends how

far they are or are not true ones.

The ends in view are - 1. Reduction of suffering to the minimum

2. Giving the maximum facility to the operation

1. As to minimizing the suffering

The suffering will be the less, 1. the less the number of the sufferers; 2. the

intense the suffering on the part of each. In taking the number of suffers, not the

immediate /principal/ sufferers above but those /dependents of all clases/ who

through them are sufferers should be included. Dependents on men of the lowest class

are wives and children and other dependent blood relations. In the higher classes to

these are added domestics, servants, and artists of all sorts who subsist by

ministering ot their pleasures. Were it not for this the King being but one, and the

provision made for him so enormous stripping off /by restricting/ the whole provision

attached to that office, the retrenchment might be made with least injury. But he has

his dependents and they have theirs. The service thus employed /rendered/ being all

of it useless to the public, as the incumbrances drop off the office with its

instruments should be extinguished.