[The History of England from the Accession of James II. by Thomas Babington Macaulay]@TWC D-Link book
The History of England from the Accession of James II.

CHAPTER XII
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It was not without difficulty that Avaux and Tyrconnel, whose influence in the Lower House far exceeded the King's, could restrain the zeal of the majority, [227] It is remarkable that, while the King was losing the confidence and good will of the Irish Commons by faintly defending against them, in one quarter, the institution of property, he was himself, in another quarter, attacking that institution with a violence, if possible, more reckless than theirs.

He soon found that no money came into his Exchequer.

The cause was sufficiently obvious.

Trade was at an end.
Floating capital had been withdrawn in great masses from the island.

Of the fixed capital much had been destroyed, and the rest was lying idle.


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