Grant County herald. [volume] (Lancaster, W.T. [i.e. Wis.]) 1843-1844, 1843-07-08

be removed COWDEN Jr. Sec'y.
Praifis du Chem, Jnne 80, 1913.
THE NATIONAL DEBT OF ENGLAND
The last number of the Merchants Maya.
zine has an tariicle with this sille, invaluable
to the politician and the statesman. 1t embra.
ces not only comprehensive view of the in
debtedness Of The European states, but also
their means Of probable payment. II is sell
dom that an article meets our eye which can
be more frequently used as text book, in il
Illustrating the actual hardships and oppression
Of the several governments of Europe.
We learn, both with surprise and regret.
that Holland, the noted land of frugaity and
untiring perseverance, is more heavily burden
ed with debt than any other country in Eu.
rope. or probably in the world. The popula-
ton is only three millions, 100000 greater
than tina. of New York-aud the debt has
reached the enormous sum of S650,000; that
is s249 of Indebtedness for each man, woman
opinion tha, Holland has no alternative but re-
pudiation or bankruptcy.-New debts are an
nually incurred to pay auearages of interest.
This state of things defes hope. He ad Is.
"the Dutch have struggled manfully against
their increasing difficulties, They have cut
down the perquisites Of royalty so low, that
their King is not much more than heed Bur-
gomaser; and they have pared away their
protective duties till the maximum nmount of
revenue has been procured. Go farther they
cannot. Their government they canno. far
ther change without revolution, and if their
tariff should be reduced much more it will
cease TO exist altogether.
The debt of Great Britain is 1900, 900. 600
dollars. Population twenty millions. About
two hundred dollars Of Indebtedness TO each
maa, woman and child in that kingdom; but
their resources, particularly in her colonial
possessions. are vast, some have even called
them inexhausiible. England yet pays her
interest promptly by annual taxation. And
she has not yet tried the great treasury re-
irenchmeni-whic her Dutch neighbors have.
This is a resort which would bring millions of
dollars into the treasury. Therefore, i, is not
too much TO say, tina, England is on safer
ground than Holland. The latter has reached
her maximum of deb, endurance. The former
hiss not.
Norway and Prussia are less 10 debt than is
usual in Europe.
The population of the former is one million,
and her debt is but-S, 800, 900 dollars, which
is being gradually and steadily paid, as her
finances are so well managed that she has a
certain excess of income Of 100000 dollars.
applicable to the payment of The principal Of
the public debt.
The debt Of Prussia is considerably larger.
but her resources are proporlionably greater.
Her population is Is millions. and her debt
$50 millions of dollars. ut was contracted
principally during the necessities Of the French
invasion. and al high rate ofin,erest." Ills
now being gradually reduced, and is within
such compass that il will probably all be
paid.
Saxony, Bavaria, Wurtenburgh. and Hano-
yer. are represented TO be in good condition
and above water. and less buried in deb, than
mos, Of the European nations.
Yet II should be remembered that debts
which IN Europe would BE deemed light.
would here cause our people to sand aghss;.
We. are not used to being ground ia the mill
OF heavy taxation. But the people OF Europe
have been 50 long debs-ridden and down-irod-
den, that the slightest burden taken from their
shoulders seems to them as great al ailsSia-
'los IS the payments Of the entire debts OF our
most heavily indebted States. would seem TO
their Pcpuls,iOn.-, Albany Argos.