To this cause he attributes a certain supposed dearness of the necessaries of life, which must compel our manufacturers to emigrate to cheaper countries, particularly to France, and with them the manufacture.

Thence consumption declining, and with it revenue.

He will not permit the real balance of our trade to be estimated so high as 2,500,000_l._; and the interest of the debt to foreigners carries off 1,500,000_l._ of that balance.

France is not in the same condition.

Then follow his wailings and lamentings, which he renews over and over, according to his custom--a declining trade, and decreasing specie--on the point of becoming tributary to France--of losing Ireland--of having the colonies torn away from us.
The first thing upon which I shall observe is,[60] what he takes for granted as the clearest of all propositions, the emigration of our manufacturers to France.