Even this expedient, my lords, must in a short time fail them; the products of vice as well as of commerce must in time be exhausted; and what will then remain?  The honest and industrious must feel the weight of some new imposition, which the sagacity of experienced oppression may find means to lay upon them; they will then first find the benefit of this new law, since they may, by the use of those liquors which are indulged them, put a speedy end to that life which they made unable to support.

The means by which the expenses of our present designs are to be supported, such means, my lords, as were never yet practised by any state, however exhausted, or however endangered, means which a wise nation would scarcely use to repel an invader from the capital, or to raise works to keep off a general inundation, raise yet stronger motions of indignation, when it is considered for what designs these expenses are required.

We are now, my lords, raising armies, and hiring auxiliaries, for an expedition of which no necessity can be discovered, and from which neither honour nor advantage can be expected; we are about to force from the people the last remains of their property, and to harass with exactions those who are already languishing with poverty; not for the preservation of our liberty, or the defence of our country, but for the support of the Pragmatick sanction, for the execution of a very unjust scheme formed by the late king, to which he purchased at different times, on different emergencies, the concurrence of other powers; but to which he failed to put the last seal of confirmation, perhaps in hopes of a male heir, and left the design, which he had so long and so industriously laboured, to be at last completed by the kindness of his allies; having, by an unsuccessful war against the Turks, exhausted his treasure, and weakened his troops.

Whether we shall now engage in this design; whether we shall, for the defence of the Pragmatick sanction, begin another war on the continent, of which the duration cannot be determined, the expense estimated, or the event foreseen; whether we shall contend at once with all the princes of the house of Bourbon, and entangle ourselves in a labyrinth of different schemes; whether we shall provoke France to interrupt our commerce, and invade our colonies, and stand without the assistance of a single ally, against those powers that lately set almost all Europe at defiance, is now to be determined by your lordships.

It can scarcely be expected, that the French will treat us only as auxiliaries, and satisfy themselves with attacking us only where they find themselves opposed by us:  they will undoubtedly, my lords, consider us as principals, since they can suffer little more by declaring war against us.

These, my lords, are the dangers to be feared from the measures which we are now persuaded to pursue; but persuaded by arguments which, in my opinion, ought to have very little influence upon us, and which have not yet been able, however artfully or zealously enforced, to prevail upon the Dutch to unite with us.