Besides, their system of public credit is such, that it is capable of greater exertions than that of any other nation.

Speculatists have been a long time foretelling its downfall; but we see no symptoms of the catastrophe being very near.

I am persuaded it will at least last out the war.
"France is in a very different position.

The abilities of the present financier, have done wonders; by a wise administration of the revenues, aided by advantageous loans, he has avoided the necessity of additional taxes.

But I am well informed if the war continues another campaign, he will be obliged to have recourse to the taxes usual in time of war, which are very heavy, and which the people of France are not in a condition to endure for any length of time.