Note 2 — LETTER VIII.
Reading edition
Everybody in France who has got any money is eager to lend it to M. Thiers at five per cent. No doubt; but who is to pay the five per cent.? It is to be “raised” by duties on this and that. Then certainly the persons who get the five per cent. will have to pay some part of these duties themselves, on their own tea and sugar, or whatever else is taxed; and this taxing will be on the whole of their trade, and on whatever they buy with the rest of their fortunes;2 but the five per cent. only on what they lend M. Thiers.