[The History of England from the Accession of James II. by Thomas Babington Macaulay]@TWC D-Link book
The History of England from the Accession of James II.

CHAPTER XII
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Of the army which he had brought from Holland not a regiment could be spared.

He had found the treasury empty and the pay of the navy in arrear.

He had no power to hypothecate any part of the public revenue.

Those who lent him money lent it on no security but his bare word.

It was only by the patriotic liberality of the merchants of London that he was enabled to defray the ordinary charges of government till the meeting of the Convention.


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