Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-08

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Ne i n srisinal caa.s q esea essss'
"A =. - IN IN eass ~ iatbrusass.-
~. 1reuin came out u The Revelation Of
49, 40 ! nssional debt Of half > million
.asrlins. q oily q, go, oso. IL Usisse
a..... asds he Souahsrn Rshsllion crushed
"A deatefos 900, 900 80 the eessequsass.
q ~ = ths amount Il eonssfasa ~ ~
vsrity 10 greatly In favor Of Great Britain.
And il England hAs aines been unsbls 70
vips out dsbt erisinAliy sniy nsrs bag
saells Of two and : half millisa Of dollars,
ny ~ not regard NH eonsidsrsb's d.
me- Of intssssA sths probable payment Of
our debt, which 10 thrss thousand million
dollars.
The dSb& 81 Grat Britain gradually in.
creased ftom that time until, at the time Of
William tie Fourth, Il ssashsd IL go Of
thirteen millions sterling, but 1t was not un-
u ne accession Of Queen Anne thatit came
n b. styled ~ NsasSal Debit Dssing
he ssign Il Anas, The dsbs was swsllsd %
thirty.six millions. Then came TIE Four
Georges, only che Of whom probably cared
much abeut ~ debt except 70 I'D to it,
volunA The First George died bsqaeath-
ing 70 The nstien - legacy this debt in.
creased y ths sum Of lifty-two millions.- -
George the II, in his turn bequsathed Il 70
0sorss the III. swelled 10 one hundred md
two millions. George the III, who man.
eyed to get himself involved in wars with
the American Colonies and France, made
The debt monatrous for the first time in his
tory. leaving Il ~ his monument, and in
ecssbed With the words Eight hundred and
thirty Ave millions" The debt was then,
q pat N form appreciable 10 the Amer.
can mind. "a, 40. 600, 900.
George w., decreased II by about fifty
millions sterling. Then came the Fourth
William. who again started it upwards, but
only in tri6ing amount comparatively. He
died leaving itat ssvea hundred and eighty
eight millions. After that It came into the
hands Of Queen Victoria. She, with the
ANGIE French war against Russia, contrived
70 increase II BY only little more than H.
oo0, 900, and the national debt of Great
Britain may therefore be stated at the pres
ent time. in round numbers, at a. 0OO, oOO,.
CO.,
This d in brief the history Of the nation.
q debt Of Great Britain. Commencing
with nucleus Of only two and half mil.
1ions Of dollars, It has grown In one hundred
and ssvsnty.fvs years. to il present vast
proportions, and is yet only one third more
than The sxisting debt of this country. It
may b. also mentioned. ~ fact incident to |
this debt, that Great Britain has paid inter. |
ct, from 1891 to 1863 in the enormous az
grcgats Of tl0.7S2, OOO, 900, or nearly three
time0 her present debt.
We think these facts are worthy TO be
pondsesd BY The American people. Wheth.
u Il 10 best TO pay our debt at once, and
oavs the enormous interest that will have to
b paid II Tie debt remains, or to 70 on, con.
teating ourselves with merely paying the
Interest, 10 this end it must come ct
last Either the debt must be paid at once,
Or never. We cannot liquidate it ia the or.
binary routine Of business. The experience
Of England In the PAST. will b our expcr-
icnes In the future. and il it remaiA unpaid |
and unreduced in its proportions, it will be
no matter for great surprise il our postcrity |
III the debt ever comes to.be added to BY
the expenses Of other wars-does not some
day find itself unable 10 pay even the inter-
est, without the levying Of enormous and
taxes, that will 20 far towards
ehrushing and impoverishing the country.
A NAN HANGED Passengers coming in
nom the West yesterday, report that an ex
'enrive highway robber was captured q day
DR. two ago in Pottawattamie County, and
.as hanged BY the neck until he was dead.
The hanging was done n Council Bluffs
The full particulars of the case have not
been reported to us.-Des Xoimes Register.
The mill Il the Cedar Rapids Wooden
manufacturing Company Is now completed
lnd IN operation. The machinery has all
been obtained from Eastern manufactures
md 10 OF the very best make, in fact there
y no better used in the country. Three
ooms are now set up and are in running
ptder two moro looms will soon be receiv-
- ana put at work. The machinery is run1
~ steam engine Of twenty five horse
power and does its work admirably. The
company will employ from twenty to thir-
y workmen and will use up in nanufac-
lures about 800 pounds Of wool each week.
-Csdar Rapids Tines.
DAHo.nous CouxrEnsEIr Or LEGAL Tsx-