Note 15 — Chapter XXVI

The author of the "Comic Blackstone," first published in "Punch," says:—"The only method of getting rid of the debt would be for the sovereign to file a petition at the Insolvent Court in the name of the nation, and solemnly take the benefit of the act, in the presence of the fund-holders." About eighteen months since, Professor Newman, of the London University, published an able pamphlet, proposing that the interest on the debt should be paid for sixty years longer, after which it should cease. There is a growing disposition in England to get rid of the debt by some other mode than payment.