[The History of England from the Accession of James II. by Thomas Babington Macaulay]@TWC D-Link bookThe History of England from the Accession of James II. CHAPTER XX 258/344
Persons who had laid by money would rather put it into the Bank than lend it on mortgage at moderate interest.
Caermarthen said little or nothing in defence of what was, in truth, the work of his rivals and enemies.
He owned that there were grave objections to the mode in which the Commons had provided for the public service of the year.
But would their Lordships amend a money bill? Would they engage in a contest of which the end must be that they must either yield, or incur the grave responsibility of leaving the Channel without a fleet during the summer? This argument prevailed; and, on a division, the amendment was rejected by forty-three votes to thirty-one.
A few hours later the bill received the royal assent, and the Parliament was prorogued.
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