Had Defoe confined himself to lecturing those hot Whigs who were so
afraid of the secret Jacobitism of Harley's colleagues that they were
tempted to withdraw their money from the public stocks, posterity,
unable to judge how far these fears were justified, and how far it was
due to a happy accident that they were not realized, might have given
him credit for sacrificing partisanship to patriotism. This plea could
hardly be used for another matter in which, with every show of
reasonable fairness, he gave a virtual support to the Ministry. We have
seen how he spoke of Marlborough, and Godolphin's management of the army
and the finances when the Whigs were in office. When the Tories came in,
they at once set about redeeming their pledges to inquire into the
malversation of their predecessors. Concerning this proceeding, Defoe
spoke with an approval which, though necessarily guarded in view of his
former professions of extreme satisfaction, was none the less calculated
to recommend.

"Inquiry into miscarriages in things so famous and so
fatal as war and battle is a thing so popular that no man
can argue against it; and had we paid well, and hanged
well, much sooner, as some men had not been less in a condition
to mistake, so some others might not have been here
to find fault. But it is better late than never; when the inquiry
is set about heartily, it may be useful on several accounts,
both to unravel past errors and to prevent new. For
my part, as we have for many years past groaned for want
of justice upon wilful mistakes, yet, in hopes some of the careful
and mischievous designing gentlemen may come in for a
share, I am glad the work is begun."