Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-03-29


Marriage Eotoesof Funerals, and annoueemen..
OF sermons, 30 cents oach. III . uOHV1l069 I
IFor the Intelligeneer. iig :,
The Lessons OF Hlstory.-A Thrilling
Parallel full OF Encoura cement for
the friends OF the Union.
Editors Intelligeneer .i5'a ?, -" "'''
prepared for your columns some time
ago q piece of English history, well adap-
ted in its; stEikIng parallel to encourage the
friends of t6e Union in their determine
tiOulfo erashioutt6e Febellion! ] TSs, ,pafal-
lei was q military one, showing how the
fortune ofarms changed aftera year of de-
feats and dtscouFpgements, from the tide
of Charles to the tide of Cromwell, as it
has in our land from the tide Of the slave
oligharcy to the tide Of the Union-loving
hearts Of the loyal States; The parallel 1
propose for you to-day is uOt,less striking,
illustrating a condition bf things Gnap-
cially in England's crisis as muchlike our
ownasitispossible for time andspaGe to al
low, MISUNDERSTANDING. 1t is well known
that the years Immediately succeeding the
English, Revolution WereiE years of 6upre-
eedented trial and distress IN The financial
system of that nation. The distracted and
dtsorganized condition Of affairs at home,
on one hand, the rebellion of Ireland, sim
ultaneous with,a threatened and attempt
ed French invasion, the war on the Gouti-
nent by which William apersistently kept in
check the dreaded ascendshcy of Louis,
had been more than sdtHcieHf to exhaust
the la7t resources Of the nation. 4
"a moment had arrived at Which the
government found it impossible, WITHOUT
exciting the most fotmida6Ie dtscontents,
to raise by Ia xation. tie suppl necessary
TO defend the liberty and dilindependenCe Of
the nation. Taxation, both direct aud i'm
direct had been carried to an unprecedent-
ed point, yetithe income Of the State still
fell short oiithe outlay by about q million
1t was necessary to devise Something
Something WAS devised; something of
which the effects are felt to this day in
every part of the globe, On the3rr1 18th of
December, 1892, the House bofa Commons
resolved itself into a Committee of Ways
and Means, Somers took. the chair, Mon
tague proposed to raise million by way of
loan, tho propositiontwa approved; and it
in. The details ofthe scheme we're much
discnssedland modified, ,tb6t the principle
appears to have been popular with all par
ties. The moneyed men were glad of hav-
ing an opportunity ofinvesting what they
had boarded. The landed men, hard pres
sed by the load of taxation were ready to
consent to anything for the sake Of pres
ent case. On the goth of January the bill
was read a third time, carried up to the
Lords by Somers, and passed by them
without any amendment. 4, By thistmemor-
able law new duties were imposed on beer
and other liquors, These 4. duties
were to be kept, separate from = all
their receipts, and were to form fund
on the credit of which million waste be
raised by life annuities. As the annuitants
dropped of, their annuities were to be
divided among the survivors, till the num-
ber of survivors was reduced to seven
After that time, whatever fellsii was to 70
to the public. Itwas therefore certain that
the eighteenth century would be far nd
vancede before the debt would be finally
extingnished. The rate of interest was TO
be temper cent: till the year 4 1o0T aud af-
ter that year Sevenfper cent. Such was
the origin of that debt btWhichlhassince be-
como the greatest prodigy that ever per-
picked the sagacity and contonndcd the
prideiof statesmen and philosophers. AT
every stage in the growth of that debt the
nation haslset Dpoth eOs9me cry of fangnish
and despair ,Ataeysryi stage in the growth
Of. that debt IT, hns been seriously asserted
by. wise men that, bankruptcy and ruin
Iwere At hand. Yet still the debt went on
growing; and still bankruptcy and Epip
l,were as remote as eycf,t hen the ,gteat
i'contssE with Louis the Fourteenth was
finally termi mated by he Peace ut U treGht,
the nation owed about fifty millions, aud
thHt-debt wug cousidered, not merely by
fox-hunting hauitesl and h6tfF6 666se ora
tors, by acute aud profoud thinkers, as an
incqmB tihEe RhiShs Eould q permit leatIy
cripple the body polite. n Nevertheless
trade flourished, Wealth t6reased, the MAJ
I.tion became richer aud richer. Then came
thewar of Austrian Succession aud the
debt rose to eighty millions: Pamph
Ieteers, historians aud orators prp8ounced
,Ilthat uowSS at all events, our case was des-
lperateU Y6t the Signs iof increasing ,iIrdsi
L perity, signs which could neither be conn.
terfieitedg nor GonSealeG ought tqAsfs Set-
4 isfied obseryant and rejecting men that a
debt s6to sigh millionso was aIesss too TIE
England which was governed by Pelham
than a debt Of fifty millions had ,bee9 TO
1.-THE England which was governed by Ore
lford. Soon war again broke forth; and,
undeE the eEgstie aud ppodigal admiplSs