This would diminish the debt one-half.

Before the first instalment should become due he would effect a postponement, by diminishing the instalments again to six, referring the time to the latest periods named in the last treaty, and always most sacredly keeping the sums precisely the same.

It would be impossible to touch the sums, which, he repeated, ought to be considered as sacred.

Before the expiration of the first seven years, a new arrangement might reduce the instalments to two, or even to one--always respecting the sum; and finally, at the proper moment, a treaty could be concluded, declaring that there should be no instalment at all, reserving the point, that if there HAD been an instalment, Leaplow could never have consented to reduce it below one million.

The result would be that in about five-and-twenty years the country would be fairly rid of the matter, and the national character, which it was agreed on all hands was even now as high as it well could be, would probably be raised many degrees higher.