The new government went into operation in September, 1795. Bonaparte's lesson to the insurgents of Vendémiaire, in front of the Church of St. Roche, followed immediately after. On the 26th of October, the Convention was dissolved, and Paine ceased to be a legislator for France.
He was no longer an object of consideration to Frenchmen, whose faith in principles and in constitutions was nearly worn out. Poor and infirm, indebted to Monroe's hospitality for a lodging, he remained eighteen months under the roof of the Embassy, looking for an opportunity to get back to America. Monroe wished to send him as bearer of dispatches before the dissolution of the Convention. But a member of that body could not leave France without a passport from it. To apply for it would have announced his departure, and have given the English government a chance to settle the old account they had against him. After Monroe had returned to the United States, Paine engaged his passage, and went to Havre to embark: but the appearance of a British frigate off the port changed his plans. The sentence of outlawry, a good joke four years before, had now become an unpleasant reality. So he travelled back to Paris, full of hate against England, and relieved his mind by writing a pamphlet on the "Decline and Fall of the English System of Finance," a performance characteristic of the man,--sound, clear sense mixed with ignorance and arrogance. He attempted to show arithmetically that the English funding system could not continue to the end of Mr. Pitt's life, supposing him to live to the usual age of man. The calculation is ingenious, but has not proved to be as accurate as some of Newton's. On the other hand, his remarks on paper money are excellent, and his sneer at the Sinking Fund, then considered a great invention in finance, well placed:--"As to Mr. Pitt's project for paying off the national debt by applying a million a year for that purpose while he continues adding more than twenty millions a year to it, it is like setting a man with a wooden leg to run after a hare;--the longer he runs, the farther he is off." The conclusion is one of his peculiar flourishes of his own trumpet:--"I have now exposed the English system of finance to the eyes of all nations,--for this work will be published in all languages. As an individual citizen of America, and as far as an individual can go, I have revenged (if I may use the expression without any immoral meaning) the piratical depredations committed on the American commerce by the English government."