Delaware inquirer. (Wilmington, Del.) 1859-18??, 1859-11-12

lilies Composing community of eighteen mil
lions of souls) clear each upon an average,
| 500, then the nation will have an aggregate
| one hundred and twenty millions of poundsto
be disposed Of and it will be possible to pay
il all to the government in the shape of taxes
and loans, and the amount which each man
should receive in government securities, he
| would regard as 80 much gain. Yet there
would be no real gain for the nation would
in the aggregate be in debt to the whole
amount Of the stock; and this indebtedness
divided, as it must in effect be, upon the fami-
lies again, each one would owe as much as he
had lent. The sad truth Of the whole matter
would be, that all the money was spent, gone
forever. The profits of the nation would not
have increased it's wealth one single penny
But England, in those halcyon days, made
much larger profits than we have supposed;
for besides the vast sums paid to the govern
ment, she built houses, mills, and did many
other things at home, and more than that, lent
great sums to other governments, chiefly those
whose Encouragement has reduced them so
low that they are unable to pay either prnci-
pal or interest. At the beginning of this CEN
tury, England was the great manufacturing na-
ton, and the mistress of the ocean. America
had not begun to manufacture anything by
power up to the war of 1912. That war
changed the current of our industry. Thirty
years of peace has changed the avocations of
the world. Germany has superseded England
in the manufacture of woollens, France in the
manufacture of silks, and tho United States,so
far as they have gone, in the manufacture of
cotton, and the sailing of ships Thepressure
of industrial competition is harder for England
to endure than all her wars. We know, from
some of their largest and best cotton mills and
printing mills, that they are not making a
penny They do not even pay interest on the
large cayitals they pay nothing. If you
have millions of families, each one of which
earns scanting living only--or if this ia the
result Of the general industry, then you have
nothing left. 1t is in vain that you augment
the lumber of the people to twenty -eight mil
lions, or nearly eight millions of famiieO No
matter what your multiplier may be, if the
multiplicand be 0, the product is 0, and eight
millions of os are worth just as much as ono
o. This is a simple and perfectly comprehen-
sible statement, and discloses we fear the true
condition of glorious England. There is money
made in old England yet. But the amounts
are small compared with the profits of lsl2.-
Her expenditures, in the mean time, upon an
enormous saale. Besides the f5l, ,OO0, 900
which the government demands in taxes, what
vast sums are expended in the support OF
magnificent hierarchy of fat bishops and fat
priests, who have an enormous kingdom where
their Master had not where to lay his head.
One fourth of the population of Ireland are re.
ported paupers, and in England and Scotland
the case is not so much better than we wish il
was. The land is forbidden for the use of i'm
dustry, and held for the sport or arrogance Of
indolent lords.
It needs no prophets vision to see that this
state of things cannot long endure. The in
dustry of the empire, after the severest econo-
my among the laboring classes, does not, or
will not continue to yield sufficient surplus
to sustain the present rate of taxation and
the pressure of competition is becoming moro
and more severe. The colonies which once
were great consumers Of homo manufactures
md in various ways sources of large profits
are now only sources of bankruptcy to the in.
iividual owners, and burthens.
Under these accumulated difficulties, Eng
and's only hope is in freedom She must set
ier aristocracy about some useful business