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FROM PONTYPOOL TO ABERDOYEY…

THE NATIONAL DEBT.

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THE NATIONAL DEBT. Perhaps no time could have been more oppor- tune than the present for the nation to give a glance to its public debt, and the occasion ia now afforded by a Parliamentary paper jnst issued. This, however, presiuts uo more than the skeleton of the subject, the bald figures, j which, nevertheless, are astounding in them- selves. England owed to her creditors in 1857, in round numbers, eight hundred and forty I milliogs sterling. The balauce against the country stands now at £77G,270,õH, and it must be confessed that it is au euonnons one still, apart from that which may be chargeable upou the various Indian and Colonial Exche- quers. Every tyro in history knows how the incubus began to grow—how the treasures of the country were lavished to fight the battles, and fill the exchequers, of foreign potentates— aud what good catne of it yet it represents only a fraction of the destruction wrought against civilisation, the commerce ruined, the industry thrown out of gear. The fruits of this exorbitant debt, 80 far as it was incurred during he Great War," are nowhere. We threw our millious into the sea. France, Germany, Aus- tria, even Russia, have felt the iufltieuce of those changes which the Holy Alliance was iu- voked to prevent, aud we have not a penny- weight's value of the five hundred millions ur so which we squandered upon that mighty wurk. But, assuming that the small, though noisy, section in England in favour of war fur Turkey were to persuade her»Govermnent and Parlia- met that the interests of the Empire required an immediate challenge to Russia which might throw the whole Continent into convulsion, the figures at which we have glauced are calculated to induce men of common sense to pause before joining in any pugnacious clamour when not the shadow of any excuse for it exists.—Echo.

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|"FOR A' THAT AND A' THAT."

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