If views of this kind are entertained by the influential bodies who now rule the State, and they are acted upon by an able and energetic Government, there is no cause for despondence as to the external dangers which, from the necessary consequences of our own acts, now menace the British Empire. If the powers which may join to assail us are now much stronger and more united than they were in the time of Napoleon, our resources have augmented in a similar proportion. We have the means of defence and security in our own hands, if we will only make use of them. But it is not by a suicidal policy, and sacrificing everything to the foreigner, while he is contemplating the sacrificing us to himself, that this vital object is to be attained. Our whole dangers, external and internal, are of our own creation. But for the infatuation of our rulers and people, not one of them would have had any existence. But for the sacrifice of the national industry to the moneyed and manufacturing interests by our Monetary and Free Trade system, we might, five years ago, by merely keeping up the Sinking Fund as it stood at the battle of Waterloo, have paid off every shilling of our National Debt, and now reduced our taxation from fifty to twenty-five millions, and yet maintained an army of two hundred thousand men, and a fleet of fifty ships of the line and a hundred steamers, which would have enabled us to bid defiance to the hostility, by land and sea, of combined Europe. Instead of our Colonial Empire being on the verge of dissolution, from universal irritation at our Home Government, and the principal states of Europe in a state of suppressed hostility, from injuries that can never be forgiven, we might have had a flourishing and contented Colonial Empire, and steady friends in our old allies among the Continental states. Possibly it is too late to remedy the evils arising from the infatuated policy we have so long pursued at home and abroad; but this much is certain, that if anything can avert our dangers, it is the wisdom which can discern--the courage which can face them--and the magnanimity which can amend the errors from which they have arisen. * * * * * Transcriber's note: Minor typographical and punctuation errors have been corrected without note. Irregularities and inconsistencies in the text have been retained as printed. The cover for the eBook version of this book was created by the transcriber and is placed in the public domain. End of the Project Gutenberg EBook of Blackwood's Edinburgh Magazine, Volume 71, No. 436, February 1852, by Various