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IT IS HEREIN CONSIDERED:

BY A VIRGINIAN.

ESTABLISHMENTS OF CREDIT.

"To conclude: No man can by care-taking (as the Scripture saith) add a cubit to his
stature in this little model of a man's body; but in the great frame of kingdoms, it is
in the power of princes or estates to add amplitude and greatness to their kingdoms.
For by introducing such ordinances, constitutions and customs as we have now touched,
they may sow greatness to their posterity and succession. BUT THESE THINGS ARE COM-
MONLY NOT OBSERVED, BUT LEFT TO TAKE THEIR CHANCE."

Bacon's Essays (XXIX) of the True Greatness of Kingdoms and Estates.

"I have but one lamp by which my feet are guided, and that is the lamp of experi-
ence. I know of no way of judging the future but by the past."

RICHMOND:

GARY & CLEMMITT, PRINTERS.
1866.

Patrick Henry.

Entered in the year 1866, according to the Act of Congress,

BY NATHANIEL TYLER,

In the Clerk's Office of the United States District Court for the Eastern District of Virginia.

PREFACE.

The following work is an attempt to survey the whole policy of the country, and to examine what measures are best suited with the public interests. It was the original intention to have brought out this work in two or more octavo volumes. This design was soon found impracticable; for the Author, incessantly diverted from this subject by professional duties, was unable to complete the whole work within a reasonable period of time; whereas the condition of the country imperatively demanded the adoption of measures to restore something like organization to society, revenue to the public treasuries, and activity to trade. Amid these'circumstances the Author has decided to issue his work in the form of pamphlets, because he thought he discovered (if he may make such a public declaration without immodesty) in the measures he suggested, schemes which were likely to alleviate in a sensible degree some of our present sufferings.

CHAPTER I.

ESTABLISHMENTS OF CREDIT.

"To conclude: No man can by care-taking (as the Scripture saith) add a cubit to his stature in this little model of a man's body; but in the great frame of kingdoms, it is in the power of princes or estates to add amplitude and greatness to their kingdoms. For by introducing such ordinances, constitutions and customs as we have now touched, they may sow greatness to their posterity and succession. BUT THESE THINGS ARE COMMONLY NOT OBSERVED, BUT LEFT TO TAKE THEIR CHANCE."

Bacon's Essays (XXIX) of the True Greatness of Kingdoms and Estates.

"I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging the future but by the past." Patrick Henry.

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An attentive observer of those vicissitudes which are as tides in the mysterious ocean of human affairs must be struck by the revolution which within the last twenty-or shall I not rather say ten?-years has taken place in the social and political world. Down to this period of time the thoughts of statesmen were absorbed by war or diplomacy or politics proper. All other interests were neglected.

This revolution was brought about by the general introduction of steam into the places of labor, and by the great extension of the applications of iron to man's service. These events introduced radical changes in trade, and, as an inevitable consequence, into the whole organization of society. These changes have been made in a democratic direction.

The extensive character of the machinery required to whisk through space, almost with the velocity of a cannonball, multitudes of men and mountains of freight—to forge those massive pieces of metal we require to plate our ships and throw our shells-to spin textile fabrics to most deli

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