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335.

Companys & monopolys were at first intended to support trade in its infamy become now essential to the State; the great Share Britain has taken in the affairs of the Continent since the Revolution, the long, bloody & expensive Wars soon made it impossible to raise the necessary Sums wanted within the Year, the Public therefore was oblig'd to borrow on all hands, to mortgage the Taxes already Subsisted & to lay many new one for the Security of the Creditors, & the payment of the annual interest, all which however prov'd frequently insufficient, & the unpaid interest came to be accumulated with the principle, all this was necessary for the current expenses of the Year, but when on any Sudden emergency a great Sum came to be wanted, or that the Government