The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1810-11-14

"AT the moment when we are termina.
ting our labours, We naturally look buck ups
or the career We have traversed and Tho
changes produced In Europe in lcss ,hap .
years, appear 10 us, as 1t were, the work uf
9 centuries.
/" We rccollcc' what was the origin Of this.
! The ubina,nm tina, proceeded the rupture Of
the treaty Of Amicns, is still fresh in our
memory. The Bri,anni,k X cabinet scarcely
nccded pretexts TO break a treaty which il
openly ayowed to have been TO more than
truce It's object sni policy at that period
WAS 10 reduce the power OF France, by stir.
ring up enemies ~ ainst her on Tie continent;
bu, on comparing the situation Of the bcllg-
ercnt psrtjss, snd considering what they were
then, and whs. they are now, VIC are struck
at seeing bow tai LngIsDd is from having re.
aized the hopes held out 10 her, and how
much france has surpassed even all that h.p
most ardent friends could havc Conceived.
On boSh sides. Tie results OF this war are 80
many important SESSIONS 10 lie treasured up.
! o begin this picture, with ab ~san inus
ton Of the finances oi IIsiand. IT is ln1wn
with whsi emphasis The ministers. every
year, announce th,ir prospectus state. Their
speeches are pcMrous their caltulstions
bours uniformly is, to aupmcnt the taxes,
and open fresh loans In 1909, the general
produce oi the taxes, exclusive Of tho ii,-
,erest OF the debt was 81, ,oco, ,0oOt.
sterling in 1907, il was So 900 COC.. and
the expenditure Of 1910 must carry IL still
higher ~ ooo.oooL) M,b oi scnst 40
struck with this progressive augo.htstion,
to which, five add about c5,0oO,0Ooi. sif~i.
Tor the interest of the national debt, the
whole territorial income oi Great Britain is
scarcely adequate. These are results thnt
speak more plainly than the Hypothetical cal.
cuiaiions of Cent?, lvcrnois, &c. Though
the system Of the sinking fund, when sub.
lccted to mathematical examination, cer cx.
tinguish this enormous debt in q given space
of time, yet this certainty has, hitherto been
in the hands Of the English ministry only az
a lure to gull the people, and make them
support, without murInuring, the opprc ssivo
weight OF loans. At the creation Of tho
sinking fund, the pubiick dcbt was only
23s, s,oe0,o0ol. What then have been The rec
suits to England Of this marvellous inveu-
tor An inc rcsse Of more lban 100000, ,o0oL.
10 - years. Either the calculations were
talse, or the ministers have governed i'll Mr..
Pit calculated the extinction Of the debt up-
IN che supposition OF City years Of peace,and
his minstey were remarkable only for his OBJ
stinass perseverance, in war r,sinoos TO his
country Accordingly his lantas,ick oaleuia~
tons we're constantly disappointed. His sac-.
cessors have followed his system, and vhii0
! boaaiiDg OF the wealth Of the pasio0, they
! have been daily cnIarging the abyss which -
| opea before IT, The facility with which the
| loans are filed up dazzles the vulgar Wo
have repeatedly had occasion TO shew, hew-
ourthensome they are to the state. The ih.
| innate connexion between the bsak and the
| .xchequcr, renders them sti1l more DAGGER
Gus. The bin, which suspeuded Che pay,
ments II the bank In specie, which,. though
] II ought 70 havo.gcsu chly faw nsashs IN