Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1861-05-24
The Ea.ot Of War.

II the following statement Of the effect of
war upon the interests Of the people of Great
Britain, during period in which she was in
volysd In very serious war, be correct, the
people Of the United States need have no special
concern about their material interests during
the existence Of the present war. We copy from
ALuoN's History Of Europe:
Notwithstanding the unexampled difficulties
which had beset the British Empire In the years
1893 and 1900, from the extreme severity of
the scarcity during that period, and the vast
expenditure which the campaigns Of these two
Years had occasioned, the condition of the
Empire In 1901 was, TO an unprecedented de
gree, wealthy and prosperous The great loan Of
twenty-fve millions OF that year was borrowed
at rate Of interest under six per cent, al
though loans to the amount Of above two hun.
dred millions had been contracted In the eight
preceding yearsi the exports, as compared
with what they were at the commencement Of
the war, had tripled, and the imports more
than tripled, In addition TO the vast sums Of mo.
ney which the nation required for les loans to
foreign Powers, and payments on account Of Its
own forces in foreign parts. Nearly fourth
had been added to the tonnage of the shipping
and the seamen employed In is during the same
period; while the national expenditure had risen
to above sixty-eigbt millions, Of which nearly
forty millions were provided from permanent or
war taxes. Contrary 10 all former precedent,
the country had eminently prospered during this
long and arduous struggle. Notwithstanding
the weight Of It's taxation, and the immense
sums which had been squandered In foreign
loans or services, and, OF course, lost to the
productive powers Of Great Britain, the industry
Of the nation, in all its branches, had prodigi
ously increased, and capital was TO be had 10
abundance for all the innumerable undertakings,
both public and private, which were going for.
ward. Agriculture had advanced In still great.
or degree than population; the dependence Of
the nation on foreign supplies was rapidly d.
minished; and yet the United Kingdom, which
had added nearly q sixth to its inhabitants
since 1891, numbered about fifteen millions Of
souls in the British Isles. The divisions and
disaffections which prevailed during the earlier
years Of the war had almost entirely disappear
ed; the atrocities of the French Revolution had
weaned all but few invetefee Democrats from
Jscobinical principles; the imminence OF the
public danger had united the great body of the
people in strong attachments to the national
colors; the young and active party Of the popu.
lation had risen into manhood since the COM
mencement of the contest, and imbibed with
their mothers milk the enthusiastic feelings IL
was calculated to awaken; while the incessant
progress and alarming conquests Of France had
generally dihased the belief that no security for
the national independence was to be found but
In q STEADY resistance 10 its smbition. A nation
animated with such feelings, and possessed Of
such resources, was not unreasonsbIy confident
in itself when it bade defiance TO Europe in
arms." tt73 "a