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Fair Payment No Spunge.
  • 93450
  • 93450_1

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DEFOE, Daniel.

Fair Payment No Spunge.

Or, some considerations on the unreasonableness of refusing to receive back money lent on publick securities. And the necessity of setting the nation free from the insupportable burthen of debt and taxes.

Published: London: J. Brotherton and W. Meddows, 1717

Stock code: 93450

Price: £3,500

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First edition, in which Defoe defended Walpole’s Sinking Fund, which he said was regarded by the “landed men and gentlemen throughout the whole island” as “a healing, advantagious proposal” while the “moneyed men, and stock-jobbers, chiefly in the city of London” opposed it (Defoe, The Conduct of Robert Walpole, pp. 49-52, 57, 59). Defoe demonstrated “that Walpole’s scheme was no more than a means of doing justice to creditors who had loaned money to the government at lower interest rates than were now legal. Defoe claimed for himself the credit of having stopped the objections that had been made to the Sinking Fund” (Sill).

Octavo (185 108 mm), pp. [8], 79. Rebound in quarter calf and marbled boards, spine ruled in compartments, red morocco label to front board. Paper flaw to ten leaves where the top of the leaf was apparently caught in the press, with a vertical tear between 10 and 25 mm in length affecting one or two characters on between one and three lines, sense fully recoverable. A good copy, scarce in commerce.

Bibliography: Goldsmiths' 5365; Hanson 2303; Kress 3016; Moore 363; see Sill, Defoe and the Idea of Fiction, pp. 136-137.

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