JB/037/069/001

Click Here To Edit 1821. May 27.
First Lines
Loans Foreign

1.

1. (Subjects
) Foreign Laws

Loans to Foreign powers — their nature — their amount —

To go no further back than the revolutionary war, all money
thus obtained and disposed of may, with the most perfect truth, though
obtained by extortion, be stated as obtained on false pretences — on pretences
known by the obtainers to be false.

In fact, of the money thus lent, not a particle has ever been
received back. It was not in the nature of the case that, in the minds
of those by whom it was obtained and thus disposed of, any expectation
should have been entertained had place of receiving back any part of it. At the
time when, borrowed under the name of a loan obtained by the foreign
government from this government, the very cause and reason
of its being so obtained was that from no resources of its own, from
no subject of its own, was it in the power of that foreign Government
to obtain it. By no degree of success, of which there could
have been any tolerably well-grounded prospect, could the power
of the foreign government to repay that money have been encreased.
On the contrary, after any ordinary degree of success, that power
could not but for a long time have been diminished.

As to security, under the name of security, nothing having
the effect of security was given or could, by the foreign power in question, [would]
have been given. Of no portion of territory to serve as a security was
possession given to this Government. Of no such portion of territory
could any possession have been taken, accompanied with
any possibility of raising money out of it, either in the shape of
principal or in the shape of interest, by contributions levied upon
the inhabitants. If any such additional contributions could have
been levied upon the inhabitants, they would have been levied with
abundantly more more facility, and abundantly less expence by their own
government than by this Government. The cost of keeping possession No
such possession could have been kept by this Government without a
proportionable military force paid by itself. Instead of reimbursement,
the cost of keeping such possession would have been so much addition
to the loss.

If,

Identifier: | JB/037/069/001 "JB/" can not be assigned to a declared number type with value 37.
Date_1	1821-05-27	Marginal Summary Numbering
Box	037	Main Headings	constitutional code
Folio number	069	Info in main headings field	first lines
Image	001	Titles	loans foreign
Category	copy/fair copy sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d1 / e1
Penner	john flowerdew colls	Watermarks
Marginals		Paper Producer
Corrections	jeremy bentham	Paper Produced in Year
Notes public		ID Number	11284
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