M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1855-02-02
ARTMUR,S MAGAZINE.

IleSS dudIIS.
ARTEUR'S MAGAZINE,
For February, is on our table,-itI
Is an excellent No. Those wishing to
get the worth OF their money in Liter
ary productions, should send on imme.
diately for this Magazine,
NEVER MIND THE EXPENSE
Very recently, at a war meeting in
the Duke of Richmond made
a speech, in which he said that the war
against Russia ought henceforh to be
carried on vigorously, and on a grand
scale. "Never mind the expense he
said; "that is now secondary matter"
And this, if the war is to be carried on,
was wisely said, Very different, though,
was cverybody'S language and thoughts
at the commencement Of the contest,
and for some monthslalterwards. This
war was to be carried on by taxation,
and that not very onerous, except to the
receivers Of incomes; and they were
able 10 stand it; and, for the first time
within the last two hundred years, the
English nation was 10 be treated to a
pay-as.y .go.along war, without sad.
ding posterity with any part of the ex.
penseS. So said, and so believed, ev-
erybody, with the exception of Mr..
Bright, and the Quakers, and Manches-
ter statesmen. So said the people, the
Parliament, the Ministry, and last, not
least, that very able fnancier, Mr..
Gladstone, the Finance Minister; and
last, not least, the London Times,
which is sort OF fourth estate in the
realm, Endorsed this very agreeable idea,
that all expenses were to be paid as the
war proceeded, without arrears, or loans
or postponement. And there was a,
hand, Tor a beginning, an unexpended
and unappropriated fund oil three mill
ions think Of a surplus Of fourteen
millions OF dollars in the British Ex.
chequer. This was, of course, soon
spent, and how much more up 10 the
present day, nobody knows, except
those who do not like TO tell.
We, though doubling whether great
war can be carried on nowadays, bv
any nation, without resorting 10 loans,
still believe that all the great British
statesmen, economists, and calculators
knew, to some extent, what they were
saying and doing, and if they had al
last 10 borrow, it would not be certain
ly within the first year the war. We
are not a little surprised at the very
briet existence of the system of incur.
ring no debts for the prosecution of it.
Not more than seven or eight months
have elasped before everybody is say.
Never mind the ex.
pense! and the Duke of Richmond,
whilst using the words, only expressed
.he idea that is now in almost every
mans mind. Even the Times, which
once thought that an expenditure OF
ZEN millions would be enough 10 bring
.he Car 10 terms, has totally aband.
oneG The pay-as-you>go-along idea, and
treats now as chimerical the notion of
getting along without loans says it is
a fiction, and 'Ihat it is right that, as
posIerlty is to be benefited by the war,
poSlerity should paw the expenses of it,"
These are the words, and very inteIlig>
ible ones they are. 1t is proposed by
some to borrow at once from twenty or
ility millions Of pounds, and to add, if
necessary to effect the purpose for
which the war was begun, two or three
hundred millions to the national debt;
and IT the war is long one, that ad,
dltion will be undoubtedly made
England's great advantage-if adyan.
tage it isis, that she can borrow
;chaiever sums the Government pleases
from British subjects. She is the on
Iy belligeren.' that can do that, and it
will not be long beiG2re she will have to
subsidize her Allies-incecd she has
already agreed to pay to France one
halt The expense OF sending the rem
nant OF fifty thousand troops, gone, ,and
now going, to the Crimea. But what
will posterity, that will have TO honor
these drafts, say to all this paying?--
Globe.