as made it much better than perhaps it would have been, had I never been lost in so pleasing a delusion.

As I did not question but I should soon have a new Indies in my possession, I was perpetually taken up in considering how to turn it to the benefit of mankind. In order to it I employed a whole day in walking about this great city, to find out proper places for the erection of hospitals. I had likewise entertained that project, which has since succeeded in another place, of building churches at the court end of the town, with this only difference, that instead of fifty, I intended to have built a hundred, and to have seen them all finished in less than one year.

I had with great pains and application got together a list of all the French Protestants; and by the best accounts I could come at, had calculated the value of all those estates and effects which every one of them had left in his own country for the sake of his religion, being fully determined to make it up to him, and return some of them the double of what they had lost.

As I was one day in my laboratory, my operator, who was to fill my coffers for me, and used to foot it from the other end of the town every morning, complained of a sprain in his leg, that he had met with over against St. Clement's church. This so affected me, that, as a standing mark of my gratitude to him, and out of compassion to the rest of my fellow-citizens, I resolved to new pave every street within the liberties, and entered a memorandum in my pocket-book accordingly. About the same time I entertained some thoughts of mending all the highways on this side the Tweed, and of making all the rivers in England navigable.

But the project I had most at heart, was the settling upon every man in Great Britain three pounds a year, (in which sum may be comprised, according to Sir William Pettit's observations, all the necessities of life,) leaving to them

whatever else they could get by their own industry, to lay out on superfluities.

I was above a week debating in myself what I should do in the matter of Impropriations; but at length came to a resolution to buy them all up, and restore them to the church.

As I was one day walking near St. Paul's, I took some time to survey that structure, and not being entirely satisfied with it, though I could not tell why, I had some thoughts of pulling it down, and building it up anew at my own. expense.

For my own part, as I have no pride in me, I intended to take up with a coach and six, half a dozen footmen, and live like a private gentleman.

It happened about this time that public matters looked very gloomy, taxes came hard, the war went on heavily, people complained of the great burdens that were laid upon them; this made me resolve to set aside one morning, to consider seriously the state of the nation. I was the more ready to enter on it, because I was obliged, whether I would or no, to sit at home in my morning gown, having, after a most incredible expense, pawned a new suit of clothes, and a full-bottomed wig, for a sum of money which my operator assured me was the last he should want to bring all matters to bear.

After having considered many projects, I at length resolved to beat the common enemy at his own weapons, and laid a scheme which would have blown him up in a quarter of a year, had things succeeded to my wishes. As I was in this golden dream, somebody knocked at my door. I opened it, and found it was a messenger that brought me a letter from the laboratory. The fellow looked so miserably poor, that I was resolved to make his fortune before he delivered his message; but seeing he brought a letter from my operator, I concluded I was bound to it in honor, as much as a

prince is to give a reward to one that brings him the first news of a victory. I knew this was the long-expected hour of projection, which I had waited for, with great impatience, above half a year. In short, I broke open my letter in a transport of joy, and found it as follows.

SIR,

After having got out of you everything you can conveniently spare, I scorn to trespass upon your generous nature, and, therefore, must ingenuously confess to you, that I know no more of the philosopher's stone than you do. I shall only tell you for your comfort, that I never yet could bubble a blockhead out of his money. They must be men of wit and parts who are for my purpose. This made me apply myself to a person of your wealth and ingenuity. How I have succeeded, you yourself can best tell.

Your humble servant to command,

THOMAS WHITE.

I have locked up the laboratory, and laid the key under the door.

I was very much shocked at the unworthy treatment of this man, and not a little mortified at my disappointment, though not so much for what I myself, as what the public, suffered by it. I think, however, I ought to let the world know what I designed for them, and hope that such of my readers who find they had a share in my good intentions, will accept the will for the deed.

Spectator No. 3. The vision of public credit.

In one of my late rambles, or rather speculations, I looked into the great hall where the Bank is kept, and was not a little pleased to see the directors, secretaries, and clerks, with all the other members of that wealthy corporation, ranged in their several stations, according to the parts they act in that just and regular economy. This revived in my

memory the many discourses which I had both read and heard concerning the decay of public credit, with the methods of restoring it, and which, in my opinion, have always been defective, because they have been made with an eye to separate interests and party principles.

The thoughts of the day gave my mind employment for the whole night, so that I fell insensibly into a kind of methodical dream, which disposed all my contemplations into a vision or allegory, or what else the reader shall please to call it.

Methought I returned to the great hall, where I had been the morning before, but, to my surprise, instead of the company that I left there, I saw towards the upper end of the hall a beautiful virgin, seated on a throne of gold. Her name (as they told me) was Public Credit. The walls, instead of being adorned with pictures and maps, were hung with many Acts of Parliament written in golden letters. At the upper end of the hall was the Magna Charta, with the Act of Uniformity on the right hand, and the Act of Toleration on the left. At the lower end of the hall was the Act of Settlement, which was placed full in the eye of the virgin that sat upon the throne. Both the sides of the hall were covered with such Acts of Parliament as had been made for the establishment of public funds. The lady seemed to set an unspeakable value upon these several pieces of furniture, insomuch that she often refreshed her eye with them, and often smiled with a secret pleasure as she looked upon them; but, at the same time, showed a very particular uneasiness, if she saw anything approaching that might hurt them. She appeared, indeed, infinitely timorous in all her behavior; and, whether it was from the delicacy of her constitution, or that she was troubled with vapors, as I was afterwards told by one who I found was none of her well-wishers, she changed color and startled at everything she heard. She was likewise (as I afterwards found) a greater valetudina

rian than any I had ever met with, even in her own sex, and subject to such momentary consumptions, that, in the twinkling of an eye, she would fall away from the most florid complexion, and the most healthful state of body, and wither into a skeleton. Her recoveries were often as sudden as her decays, insomuch that she would revive in a moment out of a wasting distemper, into a habit of the highest health and vigor.

I had very soon an opportunity of observing these quick turns and changes in her constitution. There sat at her feet a couple of secretaries, who received every hour letters from all parts of the world, which the one or the other of them was perpetually reading to her; and, according to the news she heard, to which she was exceedingly attentive, she changed color, and discovered many symptoms of health or sickness.

Behind the throne was a prodigious heap of bags of money, which were piled upon one another so high, that they touched the ceiling. The floor, on her right hand and on her left, was covered with vast sums of gold that rose up in pyramids on either side of her; but this I did not so much wonder at, when I heard, upon inquiry, that she had the same virtue in her touch, which the poets tell us a Lydian king was formerly possessed of; and that she could convert whatever she pleased into that precious metal.

After a little dizziness, and confused hurry of thought, which a man often meets with in a dream, methought the hall was alarmed, the doors flew open, and there entered half a dozen of the most hideous phantoms that I had ever seen (even in a dream) before that time. They came in two by two, though matched in the most dissociable manner, and mingled together in a kind of dance. It would be tedious to describe their habits and persons, for which reason I shall only inform my reader, that the first couple were Tyranny and Anarchy; the second were Bigotry and Athe