The Nevada Democrat., 1861-09-12
Capacity OF She Country 20 Sustain
WRr--SuggestIve C0mparisOns.


WHr-suggestIve Companions.
Some persOns. whether timorous or unip.
formed, have shrunk back somewhat aghast
Vt The prospect of u $500, ,O00, 900 loan, with
Ibc possibility Of It's being doubled or tre-
bied by continuance Of the war. Shch
persons may he reassured by comparing
our means aud probable exertions with
those Of Great Britain in her tremendous
struggle with France aud the half OF Eu-
rope for twenty-three years, or from 1898
10 1916. We cOndenRe aud set down in the
nearest millions q few of the most pr0mi-
nent statistics OF that continental war.
At the commencement Of that war, entered
upon by England against the principles and
wishes Of ~ least 0ae-lhird Of the nation,
the population OF England, Wales analSeos-
laid was sOmew hal lese than ten millieua.
ireland may be counted out as being
dieOrdeTly and rebclliOus. and recurring a
guard over itself rather than furnishing men
aud money for the sirife. During those
twen'y-three years, the whole outlny OF
the British government was $500 ,O0OGOO;
OF. more than double the whole properly
SaluaiiOn Of Great Britain then, and nearly
as much as that OF the United States 81 DTe-
sent. Nearly one half Of this enormous
sum, or $4,lS3.O00, 900. was expended on
the war alone. viz, $l.924. .000, 600 for The
army; $l,64l 100000 for the navy; $685.
OOO.OoO for munitions of war; and S263,.
0OO.OOO for Subeidies-in palmer phrase,
for hiring foreigners TO do their GRhuBO.
The yearly outlay. In all, averaged $3.50.
600. 1000, aud for the war. which was almost
continuous. $l62. 100000. And this inn
M. .vnafI.tte. nA T.
made at home. so that the money, passing
from hand to hand. would still remain in
the possession and active use Of the nallon;.
on the contrary, large part, probably
more than one.bali, was laid out and per.s
maDenily Lost in continental purehaees.
Yet. under the pIe essure Of this tremendous
load, England struggled through the con.
test, not Ouly with steps scarce staggering,
except in two or three years Of bad crOps.
aud In the fixed suspension Of specie pay
menis by the National Bank, bnt wilha
large increase IN the sum total o.. her
wealth, aud an advance IN almost. eFgFyy
branch OF industrial exeriion.
The specie was continuously and largely
drawn from the vaults, tili, in 1872, Hheh
the coin was reduced 10 $500. coo. the
| frightened directors were relieved, bva
| temporary permission from the Priv COun-
ell TO suspend specie paymenta This fus-
! pension WAS afterwards legalized by Par
lament, aud continued by fresh eDacimenIs
to the year 1928. During The first twenty
| years Of this suspension the entire gold
mintage OF England Was bot 500, ,0OO. 900,
while In the seven years ensuing il was
Sli5.OOO.O00. In one single ysar-the last
of that great war. the government ex.
penditure wrs $649.OOO. 900. while the specie
| In the Bank was but little over SlO. .OOO, 600.
II 1t be asked how England not only stood
up. but mainly prospered. against ibis pro-
diRiOus drain on her resources for twenty
three years, the answer lies In the fact Of
ber vast improvements in machinery, " hich
enabled her TO Manufacture fol. oh nations,
while her dominion Of the seq gave her The
outward and inward commerce Of The
world.
We are twice as able as England was 10
carry on war even Of that great length
and OF those huge dimensions; for our pop
nlaliOn - saying nothing Of the neutral
States-is the exact double, and oUr wealth
more than double. of England 10 1893
Specie from all quarters pOuTs In upon as
in ceaseless food; the money Of our banks
and capitalists lies idle and ruFting; our
imports are greatly reduced; and our ex
ports Of hreadsinifr and meats are much
larger than ever. Under these eircum.
stances II IL clear that we can. If necessary.
Incur and comfortably carry debt Of
81, 600. 900 900 or 81 900 600. 900. aud pay
Il of, interest and principal. by A. d. 1909.
| On then, TO the contest. withOnt fear ara
without reluctance, ainting nothing 10 re-
deem The life and honor Of the nation
TPhiladelnifa Tuoufppr