Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-05-06
England.

Inc news in relation 10 Eng'and, Is
in our opinion, more important thon
any that has been received from Ihal
country since the battle of WdterioO -
Encountered with national debt which
the world knows she neither can, nor
ever expects 10 pay,-her national bank
ruptcy long known, Is about to bring
with II the natural fruits.
With q national debt Of four thousand
millions Of dollars, aud her annual eX
penses OF government, reaching 10 near
Iy two hundred and fifty millions Of
dollars, her position is indeed fearful
After taxing from year TO year every
luxury and every aPcesSdry Of l'fe-
even the light of Heaven, Included
Tho interest on her public debt and her
enormous current expenditures, are eat
ng into her vitaIG; and her ministers
find themselves reduced to the absolute
necessity Of resorting in time Of pence,
to the mosl odous (all the war tax
es
Our readers will perceive with as.
onishmenl, that the present Tory Min
istry have been driven to the necessity
Of resorting 10 an income tax IN order
to provide Tor the current demands upon
the public treasury. 10 short, the pos
iIion Of England is precarious in the
extreme. She cannot remain staliona
ry;l to retrogade is certain distinctions
ana 10 advance under tho public and
private burlhens which are pressing
her people to the earth, is full Of dan
ger. With the cry of starvation as
cending from every city ia the King
dom, and dlSconent every where eX-
hibting itself; with her work shops in
many instances closed, and her paupers
dying by the road sdei and with the
declaration put forth to the world by the
recent proiCt Of Sir Robert Peel that
she has used up all her resources all
her means OF revenue known TO the
country in time Of peace, and that n
dire necessity compeIs resort to wal
tax we yet perceive her presenting the
most extraordinary spectacle Of power
that the world has ever Witnessed .--
Never was her military power greater
her dominion so eXtenslvG---O. her
graSping ambition for increased domin,
ion, moro apparent Bat when we ioo6
beneath the surface, We Gud that there
is but too much reason 10 consider her
present position as more precarlous than
atany olhor period OF her history
The London Press has Of late, anus
ed itself by he0plng upon the United
States every species OF oboQuy and
abuse, because our monetary system
is temporarily deranged, and our Goner
al Government embarrassed in lls pc
cuniary affairs The whole nation has
been denounced by the Times and its
kindred prints, as band OF cheats and
robbers, because Mississippi has repu
dated part of her debt; and yet by the
income tax now about TO be imposed,
mighty England openl y repudiales por.
Of her debt! The annual interest Of
hor national debt is about thirty mil.
lions sterling; and instead Of honorabIy
and puncluaIIy paying this in future.
She is about TO pass law imposing up
on this interest a tax Of nearly three
por cent. or about four millions Nnd a
half Of dollars! In other worls-she is
about to say to her public creditors, "l
am Bankrupt. inso'veni, uEab!e to meet
even tho interest on my debt, and there
fore intend TO deduct tho amount Of in,
tcreal annually duo creditors, four mil
lions aud hail Of dollars" This is
repodiaIloo with n vengeance; and this
NC should hope, will forever induce tho
English Press TO DO silent in regard to
Mississippi We Of the Unuod States
-cili2cus Of a Government which has
not only always paid her interest but
even the principal to the Utmost far
hing - Wo may, and will continue to
upbraid the State Of Mississippi with
hor infamous want Of faith. But lei
England and the English press bo 81