Woodville Republican. [volume] (Woodville, Miss.) 1833-1844, 1843-09-16


"By the Bpdgetpf l94Q, The basis Of the fol-
lowing table was afforded:
s'aaaasA Principal fund Interest and
zoe ed and nnfOhlh o manage.
,e1 deE s'as tGI menl.
lion, 1859. fes4, 2eS fss,s65
Excess Of debt con ease ssahvehsiN
traced during the
reign Of William a2F09 agH
abOyedebtpold tLltfN ii sfUOHP
off .,s.. ls,O7S,4so l,77l'os7
Of Queen Anne1sis1
reign in 1902, $50 Isss94,7ss l,slO.s42
ofGoorge Lin FLA. 64,l4s,sSs 0,s5i.s5s
Debt paid of during b e ksl0DU aG
the reign Of George
], above debt con- soc IA
tfacted, feQfss 2,053, l25 l,l33,S07
Debt al the accession
Of Geo. IL, inl727g gS2,Oa2,2ssi 2,2l755l
Debt contracted IrompieyH zosnW
the acSSssslSp sotiuE 70 reaAsh soT
Paris in 1868 three e sa"f
( years after tho xac- siBls YoA
/ cessiou of Geo: ILL., s6,77S,l92 2,6s4.50O
Debt in 1868, l39,665,430 4,852,05l
Paid during peace, tNs1 "
trO@ITSs tol775,s lO,0sA7S5 ssOAsO
Debtnat the COM ,si5saoA q 81
I mencement of the r1ia 5r sia gETr.
j American war inaI8k .QfA
I715. s'ii@,. a l2s,5ss.ss5 447l,57l
Debt contracted dur sk .esanssq sast53 FEN
,siHgi the american sqFr ,tias losaaiis .9sie
war 'ao'if Y'a laI,2s7,sss 49sO,2OI
Debt at the conclusion ~" ""'''At
Of the American
war, in 1884, 24e,s5l,s2s 9,4sl,772
Paid during peace, 500 qtl7e o,,ts
from VS. 10 l7ss, 1850, $50 24a,a77
Debt at the com 1870
mencement Of the ~
French war insrugta
1893, 239,350,l4S 9,2OS 495
Debt contracted dur .ooaaaa q od
Jog the French war, 6OF,6OOla4s 22,s2967s
Total funded and un-
funded debtlO0 the QlJ3ao
LIST Of February
1917 when the En-
glish and Irish Ex- fet-.
chequerS were con
s0lidaled, s4O,s5o49O s2,oss.20l
Debt cancelled from
the Isl Feb, 1917,
to the 9TH January, aas
1883, s4s,544.o4s 2,57s,76s
Debt and charges aAl a.a'-
thereon 5lh Jan'y.,
1888, H8a9s' < 92,SO6,442 2s,46l 1928
Many serious considerations should be take0
into untwhen computing the period Of the IL
quotation q The English debt. Great Britain,
said Lord Brogham, sdnder racbghizances in the
sum Of 1900 100000 70 keep the peace; and il is
worthy ofilqniry whether, If peace shouldbe bro
ken. the penalty will not be forfeited. How that
great load is 10 be removed we know not. Sink
ing funds havgbeen devised, which have aug
mented the debt BY the operations which were
meant to lessen it, and after serving as reservoirs
for the support of exlravagsnt appropriations,
have been exhausted and broken up, Compen-
sorry taxes have been imposed, whose revenue
has been seized as the security of a new debt,
and not for the liquidation afS The old Even
within the laet few years, within which the pre-.
ceeding table has not been carried the expendi-
lures Of the realm, notwithstanding the annual alb
scrption Of bullipn from India, Notwithstanding
the occasional extoFtion Of tribute from China,
have fallen without the revenue. Sir Robert
Peel whose boldpess in meeting the danger of
national bankruptcy is, as commendable as his
ehAA9Ath dNOHlsE ~ Aup bttou ptOVt VI SuO oA-
hausted state oflbh resources Of revenue by his
adoption IL the income tax Ia tax which Mr.. Ad-
dngton feared to enforce during the worst stages
Oftbe continental struggle, and which Mr.. Fox,
in lheiparenbosis Of bis short though brilliant ad-
minislrhlion, was unable TO extend Thrust be
lecollecied that ihs extinguishmenl Of the funded
debt can only be the work Of years; that ten mills
lions q year, appropriated specifically to its iqu-
dalton. would not accomplish the whole task I'LL
eighty years were passed. and that so far from
there being surplus al present Of thai amouIt,
there is almost corresponding deficit That The
funding policy, bolh pfthe wing administration
Of Sir Robert Walpole, and the taly administration
Of Mr. Pitt, was dangerous in the extreme iails
consequential influence will be readily admitted:
We believe thas no more satisfactory precedent
can be found for The rspudatQn Of our own days,
than the reduction ofihe English Government,
between l7l6 and 1927, Of the interest accraing
on The funded debt, from per cent to three and
half per cent. We scarcely know a more stFik~
ing instance Of the national illfaih than the ap-
preparation Of Mr.. Pitt and Lord Henry Petly,tof
the sinking fund pledged 10 public creditors, 70
the purposes oftemporary revenue. Such preee-
dents require the intervention Of strong ovenul-
ing hand TO prevent their repetition; and we trust
for the honor Of the Anglo Saxon race, both in
the country from whence its origin IS dated, and
in the countfy Ia which its latter energies have
taken root, that the principle on which they are
based will be crushed signally and forever.