The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-03-24
Ffom the N. Y. sun.
THE POSITION AND POLICY OF THE BRI
TISH GOVERNMENT.

The Government Debt of England is commonly set
down in round numbers at $4,000, OOOOoo sum
that would load with dollars Train OF wagons ioso
miles in length, supposng each wagon 70 occupy 'ou
rods and TO carry one ton. e.,
As the industry of England, most unfortunately
has sufficient loose change IN us poehe' pay On
at this huge mortgage on It's pohss anu sl''e"s
1t is frced 10 pay the whole amount every 'ht'y ears
I'M the shane OF interest," without lessening the debt
fraction IL is forced To raise yearly over four thou
s.nd h,g wagon loads OF dollars u memento OF the
wars waged by the arsocracy OF Great b.an against
The democracy of France and the United States.
To load with coined silver over 4OO wagons
train that would extend more than half way from
New York to Phiadelphia-tor great nation to do
this sner, occasionally, is easier Than some might
suppose but to do it year after year forever Is hard
problem in finance,
There is but one way in which nation having NJ
gold or silver mines can fairly obtain lh,se metals
and that is, To buy them with the products OF Their la
boz. Consequently the tax payers OF Great Britain
in order To said 1000 tons OF dollars per annuior
the fund holders neccsstaed to sell goods 10 that
amount in the worlds market every year. before they
think OF spending cent in said market even Tor
stock TO manufacture.
II is not necessary, however, that the English
should the iohoe their yearly tribute to the
fund-holders from other nations. They lind market
for much Of their labor among the iund-olders them
selves IL We suppose The latter TO expend one hall OF
their income in purchasing such luxures and valu-
abes : British toll and skill produce II follows
thai other nations need send EN- Only about ZOO
tons OF silver per annum; which would little more
than load train OF wagons reaching from Crown
Point 10 Ticonderuga-a train that might easily pass
one door in a single day.
Thus circumstanced, gland may be excused Tor
entertaining most arden, desire that other nations
should buy largely OF her manufactures and that ihey
should buy at high prices also. Nothing less can save
her IRON q revolution
The reipning arsi ocracy Of Great Britain have long
employed yeiy ingenious method OF ehecung both
these objects. BY adroltly stimulating the paper mo
MIA, they have managed deweciae the currency OF
neary every country III the civilized d al the same
lime tnat they restricted their own banks from emit
ting notes OF lower determination than is25 They
have thus established small sized measure OF value
abroad 10 SELL by, and large sized measure at home
to BUY by.
The operation oil this policy in enrchlng England
and in impovenshlng this country, may be seen by
mere glance at our table OF imports. From 1880 10
lS4U ten years, our gross imports amounted 10 :
800, 342, 454. Allowing our prices to have been
doubled only during this period by the expansion OF
our currency from the use OF bank paper, and all
know prices were Than doubled from ihi
csuse) follows that paid $3.50 III 227 more than
we should have paid iui the same goods provided our
currency had been purely OF silver This vast sum
DUAL TO ~, 5OO tons OF silyerwas therefore, far
as went TO pay for British goods, clear gain TO the
British money powe,, dead loss TO US "a loss which,
divided among the 200 900 families Of the United
States amounts to 1915 66 Tor each.
When we consider these simple iacts--when we
cohslucr now necessary the continuance OF inns game
Is 10 the very existence OF The British oigarchy-we
cannot doubt that that oigarchy will only
all its subtlety, but, ii needful, all its ioice, pre-
vent us from abandoning the ruinous fnancia policy
we have been pursuing almost ever since our birth
anation was the opinion, years ago, OF some OF
our ablest statesmen, that if England could pre-
vent the estabshment'ot the specie policy here by
other means she would, in order to involve us in IA
national debt, and thus create strong necessity for
An expanded currency in these States, force into
bloody and expensive war. Such at bottom
leading cause of her last war against us and
not unlikely soon 10 see the same motive reproducing
the same criminal results. Engand's greatest diff
Guilty in pursuing such policy at present will be to
keep her own starving population quiet while her
my Is sent abroad to butcher To obyiale this
difficulty, she will pretend 10 her plundered subjects
at home that she comes to ravage fields and burn
our dwellings from pure philanthropy-rom holy
love Of freedom-from dsinterested sympathy for
the negroes she stole from Africa and sold to our
fathers and she may find some men in this world
silly enough to believe hei. But the real governing
motive of the policy she has adopted toward this
country is simply this she desires that should buy
largely Of her ananIfactures-and buy them at HIGH
PRICES.