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The Daily Dispatch: September 15, 1863., [Electronic resource], Negro man for sale (search)
The cotton loan. --On a certain occasion, while Burke was making a great speech in the House of Commons, he quoted the well-known maxim, "Magnum vectigal pessima est parsimonia"--a heavy tax is the worst economy. Either through inadvertence, or because he knew no better, he pronounced the i in vectigal short. He was instantly corrected by Pitt, who said in a half-whisper, loud enough to be heard all over the hall, "vectigal," "vectigal." "Vectigal, then," retorted Burke. "I thank the gentleman for correcting me. since it gives me an excuse for repeating a maxim which ought to be engraven on the heart of every legislator. 'Magnum vectigal pessima est parsimonia. '" We are told we committed a sad blunder the other day in confounding the national loan of France with the credit mobilier, which, we are further told, is a tax on moveables, as its name seems to imply. We hope we shall be considered sufficiently candid when we admit that the mistake arose from sheer ignorance on