It is no inconsiderable motive to this method of assisting our ally, that we shall entirely take away from France all pretences of hostilities or resentment, since we shall not attack her troops or invade her frontiers, but only furnish the queen of Hungary with money, without directing her how to apply it. I am far, my lords, from being so much intimidated by the late increase of the French greatness, as to imagine, that no limits can be set to their ambition. I am far from despairing, that the queen of Hungary alone, supported by us with pecuniary assistance, may be able to reduce them to solicitations for peace by driving them out of her dominions, and pursuing them into their own. But as the chance of war is always uncertain, it is surely most prudent to choose such a conduct as may exempt us from danger in all events; and since we are not certain of conquering the French, it is, in my opinion, most eligible not to provoke them, because we cannot be conquered without ruin.
This method is yet eligible on another account; by proceeding with frugality, we shall gain time to observe the progress of the war, and watch the appearance of any favourable opportunity, without exhausting ourselves so far as to be made unable to improve them.
The time, my lords, at which we shall be thus exhausted, at which we shall be reduced to an absolute inability to raise an army or equip a fleet, is not at a great distance. If our late profusion be for a short time continued, we shall quickly have drained the last remains of the wealth of our country. We have long gone on from year to year, raising taxes and contracting debts; and unless the riches of Britain are absolutely unlimited, must in a short time reduce them to nothing. Our expenses are not all, indeed, equally destructive; some, though the method of raising them be vexatious and oppressive, do not much impoverish the nation, because they are refunded by the extravagance and luxury of those who are retained in the pay of the court; but foreign wars threaten immediate destruction, since the money that is spent in distant countries can never fall back into its former channels, but is dissipated on the continent, and irrecoverably lost.
When this consideration is present to my mind, and, on this occasion, no man who has any regard for himself or his posterity can omit it, I cannot but think with horrour on a vote by which such prodigious sums are wafted into another region: I cannot but tremble at the sound of a tax for the support of a foreign war, and think a French army landed on our coasts not much more to be dreaded than the annual payment to which we appear now to be condemned, and from which nothing can preserve us but the address which is now proposed.