Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-10-07
TpE BOND OF PEACE.

tha n \
II nancy i The sinew Of war, the want o. Is aonp
ru,iIv Tor urscr The pecuniay element 10 IN iact The
most muciia OF all, in any cacuali U @ aio moo ~
oil The present Eastern do to avert war lney
will do To two Of them England ana nsnd .".,i
most e1hausting debt; III HE o''e' '
s,n Is Jehi II over one thousand millions III dollars
The revolution Of leiS found her 10 gtea NV e., i
Tho Reuubjc sustained itself only ny Siea ,oahO
zoe ~ ~ modes Of taxali0o; and LOUIS Napo
leon IN spite Of all his financial i ~ instant am,
rev enue urd expenditures, has to SUNNI ~ iaat AN
mrntotlon OF the tluaring debt 10 pay ue - h 'r'
., 'in,I iht 4, support her standing army OF 'hee nun
irrJ and fifty thousand men, anu navy " ~ ~, 49,.
| ,r,, v.ssIs-lo sustain the dignity Oh hef present
,,ur nnj 10 meet the current expenses VI u '" 49,
E as 10 raise an annual revenue oil Mree hnhaFea mH
lions of dollars. which liz more Than one nun " ~ E
@ vsn in n.riod of peace tar from that extreme
limit Of lsxaon when any attempt W ', to;
levied The country would tan oy 'he p ,or ,,o"l
For her 10 plunge into an aduous WAT Woua
. o,u bonkruptcy as hopeless as that OF Spain, OF
,h,, =, hrrs, in the FIRST Revolution Is 'hls cet'alh
more Than anything Rise which mas sep sir "
| oesce since the establishment oil me rmpi'e. 49,, b.,
l.striI is worse OF still She has deol oi etevsn nun
Gred millions of dollars mud revenue VI o''y ue ~ ~
49, v,Iv, mi liuus For The last nifty years she mas oeth
iir, an m. evil. Of financial embarrassment: oht he
,.v,Iu,u al lS4S added one hundred ons W ne'
liabilities In Si7 her deficit vac ssDfh a ~,
ns in 1850 ff,v fre millions; in 1851 siTty 100 mohs
ani in lS52 Gy millions She has otcsa paper cuI
r,n,y t about vo hundred millions oil doiin entciY Fa
- am si, her avn territory, and greatly deprecated
within Since The Hungarian war she mas "au " Iuna
,nree ANS one forty three mlohr OF doafs N
ls5 ,nr of seventeen millions IN 1857 anu one OF lory
mi.. IN 1853 the last Of which, II wll be remembered
was n. gotialed with difficulty Nothing Is more
certain than that Austria cannot engage !" d'oe se'ou
war without becoming utterly insol, chl. ,,,
Prussia has debt OF one Hundred an' m.rly Foe lon
o, doIirr The events Of lSl6 cost her thirty millions
Though her sever taxation and her farm OF iofy OF MI.
mr. crn Weld her about forty five millions annual revenue
abe has TO depend in small degree upon her credit ~ om
or abroad keep up the efficiency ol her army me value
her paper currency sad the prosecution Of he puoc works
She is deeply in debt aud s living beyond her lneaDs
War then must b" to her great calamity
The English debt every body Snows. II wond crusf
any lion but England and The world sees how II GRIND
her even with her gigantic energies. We would mol under
estimate her financial abilities We are aware mat her eVe
nues exceeded her expenditures during me asl 'e
ar fr distinction which nhe claim with Hol
aud alone among all Eur"pesn Nations But thouel
tins yas debt nearly four HUNDRED thousand millions ms
not be nt0crable in prosperous tunes so nhe az u fea
sts,onary il weighs upon the people with most appa
| ing effect in periods of monetary pressure. f'eVeh
| tw.llls If this debt has accrued oy wars "ilhh UT
.sr hunt., wears The wsrs with Napoleon alone Ire 6let
s umuns; and The expenditures OF the British natlon gu
ring year of thai struggle reached Inc sun
of five hundred millions o dollars Adam Smth sa,a even
m iay rst the debt would be extngnlshsd except "
bankrupcy II il usl lain that il can never he aug
mcntrd by smother long period OF war without making ~
burden insucrable as to n.cessitaie some sucn
ton direct indirect that Of France IN i!9i "iien SIT
abolished thirds OF her national debt we nave seen
what degree The apprehension o war cJolned WIN
other cases. has disturbed the financial condition nl fhe
land In. yeut the Three per Cent Consols OF England
were par they nearly FIVE per cent below par
Then the rate of interest the Bank OF England was nc
per cent nnw is funr and hall per cent II Engisn
has GREATER resources any other nation Ia Europe sh
also ma STAKE and nothing but the n"' over
powenn necessity will force her 10 exchange r pteseh
security and prosperity for the uned consequence h ee
| neral European war.
/ No Continental Power perhaps tussa mas 'sich
sivc credit The ubsolUst governments h8fe u"tio"e'
money iii, the necessity Of eYusc support has nearly DC
come settled law uf their ckislance. Bot capitalists have
had lesson Of the rnnons tircl o. me :, sue"
n The untold losses they have sustained by Spain McAlr'
and the Sonth American Republics 10 shut their eyes /" IN
Iencrs OF supplying States with means TO d" ""
they are unable do by their own positive resources 81
sides knows that throne on the Cununcn
rests on foundation css precarous They are al
liable 10 be ovcrIarown 10 year by popular discomfort
and This insecurity necessarily small deg rec weaken
| their or dix;
The financial condition OF The four Po~rrr being suri
TOO rs ptoba will be by general scar
civ Of TODD look upon certain that They i "a
haus every means 10 prevent hosi"s between lufke,
and Russia; and altogether probable liat tcif eI'
prov. vain and war actually breaks oG' they VIII leave
Turkey 10 her fate rather Than 10 regular var vii
the colossal Power of the North
KOSZrA~-MR SoULE-GERMAN EMIGRATION