From 1779 onward we trace the idea of supporting government by the interest of the propertied classes; from 1781 onward the idea that a not-excessive public debt would be a blessing 4 in giving cohesiveness to the union: hence his device by which the federal government, assuming the war debts of the states, secured greater resources, based itself on a high ideal of nationalism, strengthened its hold on the individual citizen, and gained the support of property.
The propertied classes in London took arms to suppress anarchy, and beat the insurgents out of the city.
This had the effect of frightening the propertied classes in the city, who had hitherto observed a timid neutrality, and turned public opinion against the insurgents.
These local councils, to which the propertied classes alone were eligible, were subdivided into four sections, resembling the prytaneis of the Athenian council, which took it in turns to take previous cognizance of all new measures.'
When Mr Lloyd George, on the 29th of April, introduced his budget, its revolutionary character, however, created widespread dismay in the City and among the propertied classes.