he must scatter it abroad, and not lay it on a heap in one place:  and that, seeing he is to give, or, to say better, to pay and restore to so many people according as they have deserved, he ought to be a loyal and discreet disposer.  If the liberality of a prince be without measure or discretion, I had rather he were covetous.

Royal virtue seems most to consist in justice; and of all the parts of justice that best denotes a king which accompanies liberality, for this they have particularly reserved to be performed by themselves, whereas all other sorts of justice they remit to the administration of others.  An immoderate bounty is a very weak means to acquire for them good will; it checks more people than it allures: 

          “Quo in plures usus sis, minus in multos uti possis.... 
          Quid autem est stultius, quam, quod libenter facias,
          curare ut id diutius facere non possis;”

["By how much more you use it to many, by so much less will you be in a capacity to use it to many more.  And what greater folly can there be than to order it so that what you would willingly do, you cannot do longer.”—­Cicero, De Offic., ii. 15.]

and if it be conferred without due respect of merit, it puts him out of countenance who receives it, and is received ungraciously.  Tyrants have been sacrificed to the hatred of the people by the hands of those very men they have unjustly advanced; such kind of men as buffoons, panders, fiddlers, and such ragamuffins, thinking to assure to themselves the possession of benefits unduly received, if they manifest to have him in hatred and disdain of whom they hold them, and in this associate themselves to the common judgment and opinion.

The subjects of a prince excessive in gifts grow excessive in asking, and regulate their demands, not by reason, but by example.  We have, seriously, very often reason to blush at our own impudence:  we are over-paid, according to justice, when the recompense equals our service; for do we owe nothing of natural obligation to our princes?  If he bear our charges, he does too much; ’tis enough that he contribute to them:  the overplus is called benefit, which cannot be exacted:  for the very name Liberality sounds of Liberty.

In our fashion it is never done; we never reckon what we have received; we are only for the future liberality; wherefore, the more a prince exhausts himself in giving, the poorer he grows in friends.  How should he satisfy immoderate desires, that still increase as they are fulfilled?  He who has his thoughts upon taking, never thinks of what he has taken; covetousness has nothing so properly and so much its own as ingratitude.