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THE FRENCH BANK-NOTE FORGERIES.…

CAROLINE GRAVIERE.

A LEECH BAROMETER.

[No title]

rHE CONVICT OUTBREAK AT IS…

THE THIRLMERE WATER SCHEME.

A RIVAL TO POET CLOSE.

[No title]

THE FENIAN PRISONERS.

THE SWITZERS AND SPRING.

CHEAPSIDE IN THE OLDEN TIME.

[No title]

THE PROPOSED AGRICULTURAL…

EMBALMING.

THE YANKEE PRIVATEER.

[No title]

RUNNING THE BLOCKADE AT CRETE.

[No title]

THE COST OF WAR. -

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THE COST OF WAR. (From Truth") There are not a few idiots who imagine that the country is likely to gain, pecuniarily, by a war with Russia. Trade, they say, would revive! In what ? allow us to ask. In warlike stores. And who would pay for them ? We, the taxpayers. Take gunpowder, as an example. We should buy a vast amount. We should transport it, at considerable cost, to the East. We should then put it in iron cylinders, in order to propel from them spherical masses of steel. This steel might destroy Russians, or fortineations, or houses belonging to Russians, but we, in the end, should be the poorer by the amount of labour which has been expended in bringing this powder into existence, and by the price which we should have had to pay for this unproductive labour. According to the theory of war enriching those who engage in it, we should reap much advantage by burning down London, because bricklayers, and others, would find work in rebuilding it. Certain trades and certain industries would be benefited by a war with Russia, but this would be at the expense of the entire community. Let us suppose that war is declared. Taking the ex- penditure of the France-German war as a standard, we might eatee n ourselves extremely lucky if we were to get off with an increase of £100,000,000 to the National Debt. This we should have to borrow at 3! per cent. interest, and this would amount to a perpetual increase of the present income-tax by about two-thirds of the amount now paid. Our indirect Joss would, however, be even greater. The labour of all those engaged, directly or indirectly in the war would-be absolutely lost. So far as improve- ments, such as making roads, railroads, wharfs, &c., are concerned, there would be an absolute standstill. Privateers would issue from a hundred ports, and would prey upon our commerce. The result would be, that we should lose, not only the carrying trade of the goods belonging to others, but of our own. We are a manufacturing country, and our business is to obtain the products of foreign countries, submit them to some process, and then sell them to the entire world. But the caution of capital, and the difficulties of conveying products, either manufactured or un manufactured, across the ocean, would enable foreign manufacturers te drive us out of the field. On all imports that reached us, there would be an increased cost, in order to meet the higher rate of insurance charged for war risks; therefore corn, meat, sugar and every other article of primary necessity, would aug- ment in price. In addition to all this, there would be a general stagnation in commerce and trade. People would not make profits, and, consequently, would have to sell the securities in which they had invested pre- vious savings, and the very fact of these sales, which would be met by no counter-purchases, would depre- ciate the value of all securities. Stagnation would produce its usual effect. Thousands om thousands of working men 'would be thrown out of work, and the poor-rates would rise in proportion.

CHANGES IN THE MEDITERRANEAN…

[No title]

CANADA.

PENNY BANKS.

[No title]