The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-04-19
Mr. Gladstone on onr Finnnces.

DURING the debate IN the Lower House of Par
Lament on the Budget, the ex-Chancellor
of the Exchequer held up the example of
the United States to his own country and all
Europe. In eloquent words he said -
Let us not be ashamed to follow good ex.
ample wherever we may find it, or to render a
JusI ulouie OF admiration to the courage and
lo9ISl ~ SlnoughJ OF the American people, wh) are
at This moment bearing large burden OF tax
allQh, both In its amount and kind, which
makes thelr conduct marvel, because they
believe that the true secret OF their future
power lies in the steady and rapid reduction Of
After quoting figures to show the reduction
of our debt in the period of sixteen months, he
added
Il must say, when see such facts as these, I
the American people. and with the formidable
character of the conflict which we or any ol her
country must sustain in any war with them.
That people have not idly and vaiuly imagined
mat Tue true secret of their success is, in time
0i peace, 10 Keep up huge armaments. l be-
lCVe IhaC they have jutged rightly in deter
mining that the true basis of their national
power is to husband and save their resources
IN ordinary times, and develop them without
sJlhJ IN periods of emergency. ] cherish the
hope that this magnificent example set by the
American people will have its effect not only
in this country, but in Europe, and will shame
the nations on the continent out of that sulci-
uaI policy by which they have not only wasted
thelr resources by creating standing armies for
idle parade, but, what Is worse, have created a
pOslJlVe and serious danger, as being ready
means OF conflict"
This acknowledgment of our national spirit,
coming as it does from member of that admin
istration which recognized the Rebels as belli-
gerents, and sought to destroy the Union, is a
compliment which could only be called forth
by the pre-eminent patriotism of our people.
What Our Purchase Says to England.
The Pail Mall Gazette takes a correct view of
the sentiments of the United States as evinced
by the purchase of Russian America, and
translates into definite language, for British
ears, what the action of our Government
really means, and what it says to England by
the recent treaty.
at means, " ou have established your Ameri-
can provinces into a conederacy: the avowed
object OF that confederacy is less to establish
relations between the Provinces for their own
DeIler government than for the establishment
OF military power-Of one great State which
in the course Of time may be able resist
what you call our rapacity, but which we think
OF as something different. There is, in Short in
this contederaCy scheme some vague idea OF
setting up strong mouarchical State at our
doors. We do not intend that any such State
shall exist. The time must come when the
British possessions in America shall be ours,
You yourselves know very well that that queS-
Iion depends more upon what we wish TO do
than what you have power TO do. Now this
tEat we quite understand the purpose of a con-
federacy which we have no reasonable excuse
To prevent, and also that we do not by any
means find in ii a reason for abandoning those
ideas OF annexation which have hitherto been
useful to us, by way of a halfhinted threat in
many a despatch, many diplomatic con-
versation.'"
And the Ga.ettc adds, as its own opinion in
| the matter:-
This we take to be the real significance of
| the proposed arrangement; and even If it be
| not carried out, Its purpose Will be served.
That the purchase was ever designed as a neceS-
sary or particularly Il eful move in q military
sense, it, is difficult to believe. The United
States are strong enough, and in all probability
! Will remain strong enough, to Overrun our pos
| sessions in Canada, and take them whenever
| they please. What is of Importance is the
| mani eStation of intention which the negOtia-
| ton makes public, and the consideration that,
as affairs stand, and as they likely TO stand
| for many year to come during which any
thing may happen) we should find ourselves
! helpless against any serious attempt to carry
! the intention into effect"
We cannot but think that our contemporary
across the sea has proper estimate of what
the United States could do if they want to.