The only argument, therefore, that now remains, is the expediency of gratifying those by whose ready subscription the exigencies which the counsels of our new statesmen have brought upon us, and of continuing the security by which they have been encouraged to such liberal contributions.

Publick credit, my lords, is, indeed, of very great importance, but publick credit can never be long supported without publick virtue; nor indeed if the government could mortgage the morals and health of the people, would it be just or rational to confirm the bargain.  If the ministry can raise money only by the destruction of their fellow-subjects, they ought to abandon those schemes for which the money is necessary:  for what calamity can be equal to unbounded wickedness?

But, my lords, there is no necessity for a choice which may cost us or our ministers so much regret; for the same subscriptions may be procured by an offer of the same advantages to a fund of any other kind, and the sinking fund will easily supply any deficiency that might be suspected in another scheme.

To confess the truth, I should feel very little pain from an account that the nation was for some time determined to be less liberal of their contribution, and that money was withheld till it was known in what expeditions it was to be employed, to what princes subsidies were to be paid, and what advantages were to be purchased by it for our country.  I should rejoice my lords, to hear that the lottery by which the deficiencies of this duty are to be supplied, was not filled; and that the people were grown at last wise enough to discern the fraud, and to prefer honest commerce, by which all may be gainers, to a game by which the greatest number must certainly lose, and in which no man can reasonably expect that he shall be the happy favourite of fortune, on whom a prize shall be conferred.

The lotteries, my lords, which former ministers have proposed, have always been censured by those that saw their nature and their tendency; they have been considered as legal cheats, by which the ignorant and the rash are defrauded, and the subtle and avaricious often enriched; they have been allowed to divert the people from trade, and to alienate them from useful industry.  A man who is uneasy in his circumstances, and idle in his disposition, collects the remains of his fortune, and buys tickets in a lottery, retires from business, indulges himself in laziness, and waits, in some obscure place, the event of his adventure.  Another, instead of employing his stock in a shop or warehouse, rents a garret in a private street, and makes it his business, by false intelligence, and chimerical alarms, to raise and sink the price of tickets alternately, and takes advantage of the lies which he has himself invented.

Such, my lords, is the traffick that is produced by this scheme of raising money; nor were these inconveniencies unknown to the present ministers in the time of their predecessors, whom they never failed to pursue with the loudest clamours, whenever the exigencies of the government reduced them to a lottery.