Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850Various
History
Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850
Various
England -- Periodicals; Scotland -- Periodicals
But nothing is more certain than that error and delusion cannot, by any
human effort, be prolonged for a very long period. With the advent of
the time when the interest to deceive has ceased, or a new generation of
deceivers has succeeded, the whole fabric falls to pieces. As certainly
and mercilessly as the vices or follies of preceding monarchs are
portrayed by those who have succeeded to the inheritance of their
results, are the ruinous consequences of former delusions in democratic
Governments exposed by succeeding Administrations who find themselves
hampered by their effects. Many a popular Nero is cast down from his
pedestal, almost before the vital warmth has left his body; many a
republican Necker is exposed by a republican Bailly, when he finds the
public finances rendered desperate by the measures which had been
pursued with the cordial approbation of the whole Liberal party in the
state. It is the same with our present Chancellor of the Exchequer. He
finds the public finances, in the midst of boasted commercial and
manufacturing prosperity, in so deplorable a condition, that he is fain
to lay the whole blame upon his predecessors; and, after deploring the
extraordinary fact, that during twenty years of profound peace, Liberal
government, and retrenching Administrations, we have not only made no
reduction whatever in the public debt, but added twenty-seven millions
to its amount, he very naturally and justly observes, “What should we
say to a private individual who should conduct his affairs in this
manner?”
We have been so accustomed, during twenty years of Liberal and popular
rule, to see every successive Administration live only from hand to
mouth, and to be content if they can get over present difficulties,
without bestowing a thought on the future, that the nation has almost
forgotten what it was to have a prudent and foreseeing Government at the
head of affairs: or rather, nearly the whole generations who have risen
to manhood have come to think that such a system of government is
impossible, and is to be ranked with the El Dorado of Sir Walter
Raleigh, or the Utopia of Sir Thomas More. To enlighten their minds on
this subject, we subjoin two Tables, showing what was done by the
corrupt old Tory Governments—even during the anxieties and expenditure
of a most protracted and costly war, or when the national finances were
slowly recovering from its effects—to put the finances on a good
footing, and lay, in present fortitude and sacrifice, a solid foundation
for future relief and prosperity.
TABLE I., showing the growth of the Money
applied to the reduction of the Debt, and
the Sums paid off from 1792 to 1815, being
twenty-three years of war.
Public-domain text, read in full here on John Shaqi.
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