Eclectic Magazine of Foreign Literature, Science, and Art, June 1885Various
History
Eclectic Magazine of Foreign Literature, Science, and Art, June 1885
Various
American literature -- Periodicals; Literature -- Periodicals
Bibles make him announce, the end of _the world_; he announced “the end
of _the age_,” “the close of the period.” That close came, as he had
foretold; and a like “end of the age” is imminent wherever a certain
stage is reached in the conflict between the line of Jesus and the
facts of the period through which it takes its passage. Sometimes we
may almost be inclined to augur that from some such “end of the age”
we ourselves are not far now; that through dissolution—dissolution
peaceful if we have virtue enough, violent if we are vicious, but
still dissolution—we and our own age have to pass, according to the
eternal law which makes dissolution the condition of renovation. The
price demanded, by the inexorable conditions on which the kingdom of
God is offered, for the mistakes of our past, for the attainment of
our future, this price may perhaps be required sooner than we suppose,
required even of us ourselves who are living now; “verily I say unto
you, it shall be required _of this generation_.”—_Contemporary Review._
THE ECONOMIC EFFECT OF WAR.
War is, of course, economically, purely destructive. The men employed
produce nothing; the engines prepared are useless, except for killing;
the money expended is most of it consumed on objects which can yield
no direct return. Enormous quantities of food are wasted in transport,
domestic animals are used-up in unproductive labor, and the men slain
are necessarily among the strongest in the nation. Nevertheless, the
economic loss of war is often not felt for a time; and it is probable
that in the war supposed to be coming with Russia this will be the
case to an unusual degree. Almost all the possessing classes, to begin
with, will at first feel as if the war had made them less poor. Those
of them who are lucky enough always to save, find all investments
cheaper, which is to them as if their money had directly increased in
power. Only six weeks ago you could not buy a solid security to pay
quite four per cent., and to-day there are twenty to choose among. The
possessing classes have been suffering from the fall in prices, and
the fall in prices will cease. Already the owners of land are relieved
of apprehension by a rise in the price of wheat which may be taken
as equivalent in effect to a five-shilling protective duty; and the
farmers, possibly misled by the tradition of former wars, look forward
to a rise of at least double that. As the American supply will not be
affected, and the Indian supply will be as good as ever, and every
rise in price draws new supplies, they may possibly be disappointed;
but imagination is a factor in trade, as in all other things governed
by human minds, and the prices of things to eat will undoubtedly
stiffen. The mere increase in the cost of sea-carriage will secure
that; and this increase will be considerable, for a Government at war
draws heavily on the surplus shipping for transport; and while freight
Public-domain text, read in full here on John Shaqi.
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