Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1855-09-05
VOL. 2. NO. 46.

ships viii remember the distressed state of
the Tarkish army IN Asia last winter. BY
the concurrent testimony Of all the newsra-
pers, the state to which the army was reduced
was, not because Turkey had not sufficient
sum Of money wherewith to pay the men. but
because the funds had been the subject Of un-
bounded peculatiop In all countries there
is disposition to cxtraragance in the expen-
diture OF the government money, but, in
country like Turkey, that extrayagance and
pcculation it is impossible to check I did
not intend to advert to this subject. but il has
been incidentally raised by my noble friend.
Before ] sit down, as the bill before the House
provides another loan of 81 900 900, it is
impossible for me to forbearl expressing the
alarm and regret with which 1 have received
this proposal for an additional loan Ny
lords, we have already sanctioned loan Of
el6, ,000, 600; then there is the guarantee Of
the Turkish loan, which, in the most favora-
bic view, is equal to another loan of half the
nominal amount, 81 100000, which the gov
crnment are now authorized to raise, making
atotal of f25, zoo, 600, of borrowing which.
Parliament has sanctioned In single session.
My lords, 4 for ONE look rih the utmost DIS
may ON such draughts upon tie resources Of
the country. My noble friend has already
called attention to the enormous amount Of
our present expenditure, for, in addition 10
these loans and our largely increased taxation,
the expenditure is going on at rate that Is
truly frightful.
- -
When the time comes that this reaction
shall take place, and when injudicious reduc-
tions shall be called for, this House viii have
the most difficult question to consider, how to
relieve the people from the pressure of taxa
ton? Your lorlships viii remember that
the state of the world is much altered from
what it was in former days. Already great
stream of emigration is setting out-an emi-
grafton not only of the best of population.
but of those men who carry with them no IN
considerable portion of the national wealth
If your taxes press too heavily on productive
industry, you artifcialy increase that teDdeB-
cy by rendering it difficult for men TO live az
home, and thus injure the very sources of
| your power. The same effect will be produ-
ced upon your trade. In the present state of
the world, with active rivals on the other
side of the Atlantic, with the competition Of
your colonies TO contend against, you cannot,
| without injury 10 the vital sources of your
power, impose taxation upon trade ard indus
! try beyond certain amount; and, therefore,
when peace returns, you viii find, if this
| system of loans is carried much further. that
you have inflicted most irrepalable injury
upon the country hope that these things
| viii be considered not only by your lordships
but also by the public, and that there win DO
general desire e. prevent the scontinuancc
of the present enormous expenditure.
notwithstanding the opposition of the mo-
bic Earl, the bill passed through the Commit
tee, and viii become a law without doubt.
But his speech shows what a peer OF the
realm thinks of the future prospects of their
ally, Turkey, for whose pretended integrity
England is now shedding her best blood and
spending her vast treasures in the Crimea
If the Turkish Empire is SO near dissolution
IF the . sick mans" condition is SO desper-
ate-we viii warrant England and France
viii be in at the DEATH" when they viii
cast lots for his garments