because it is mischievous to keep it longer afloat, and that the payment of the European creditors will promote circulation in the country.  These two motives (for the plainest reasons in the world) the right honorable gentleman has this day thought fit totally to abandon.  In the first place, he rejects the authority of the Nabob of Arcot.  It would, indeed, be pleasant to see him adhere to this exploded testimony.  He next, upon grounds equally solid, abandons the benefits of that circulation which was to be produced by drawing out all the juices of the body.  Laying aside, or forgetting, these pretences of his dispatch, he has just now assumed a principle totally different, but to the full as extraordinary.  He proceeds upon a supposition that many of the claims may be fictitious.  He then finds, that, in a case where many valid and many fraudulent claims are blended together, the best course for their discrimination is indiscriminately to establish them all.  He trusts, (I suppose,) as there may not be a fund sufficient for every description of creditors, that the best warranted claimants will exert themselves in bringing to light those debts which will not bear an inquiry.  What he will not do himself he is persuaded will be done by others; and for this purpose he leaves to any person a general power of excepting to the debt.  This total change of language and prevarication in principle is enough, if it stood alone, to fix the presumption of unfair dealing.  His dispatch assigns motives of policy, concord, trade, and circulation:  his speech proclaims discord and litigations, and proposes, as the ultimate end, detection.

But he may shift his reasons, and wind and turn as he will, confusion waits him at all his doubles.  Who will undertake this detection?  Will the Nabob?  But the right honorable gentleman has himself this moment told us that no prince of the country can by any motive be prevailed upon to discover any fraud that is practised upon him by the Company’s servants.  He says what (with the exception of the complaint against the Cavalry Loan) all the world knows to be true:  and without that prince’s concurrence, what evidence can be had of the fraud of any the smallest of these demands?  The ministers never authorized any person to enter into his exchequer and to search his records.  Why, then, this shameful and insulting mockery of a pretended contest?  Already contests for a preference have arisen among these rival bond-creditors.  Has not the Company itself struggled for a preference for years, without any attempt at detection of the nature of those debts with which they contended?  Well is the Nabob of Arcot attended to in the only specific complaint he has ever made.  He complained of unfair dealing in the Cavalry Loan.  It is fixed upon him with interest on interest; and this loan is excepted from all power of litigation.