Summary

John Trenchard Cato's Letter No. 10 — The Iniquity of late and new Projects about the South-Sea considered… (1721)

Our eyes are upon the Parliament, and so are the eyes of Europe. We have begun to conceive hope from the bold and upright spirit which appears in our representatives to right us and to revenge us. They have, indeed, a great and unprecedented opportunity given them, of securing to themselves, in the hearts of all Englishmen, a monument of grateful praise and publick spirit, and of perpetuating that praise in the memory of every Briton, till time shall be no more.
Source: Wikisource

John Trenchard Cato's Letter No. 10 — The Iniquity of late and new Projects about the South-Sea considered… (1721)

There are in the world but two ways of clearing a nation of its publick engagements: The one is, by paying them off; the other is, not to pay them at all. When the one cannot be practised, a small skill in politicks will tell us, that the other must.
It is a jest for any man to flatter himself, that any state will not save the whole people, by the ruin of a part of the people, when the ruin of a part is absolutely necessary to the preservation of the whole.
Source: Wikisource

John Trenchard Cato's Letter No. 10 — The Iniquity of late and new Projects about the South-Sea considered… (1721)

SIR, When we compare one nation with another, and balance the power of both, we are not to consider alone the number of people, or the wealth diffused amongst the people; though number and wealth are undoubtedly the first elements of power in a commonwealth; no more than we are to consider the mere extent of territory, or the mere fertility of soil: But we are chiefly to consider, how much of that wealth can be brought together, how it may be most frugally managed, and how most skilfully applied to the publick emolument and defence.
Source: Wikisource

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