The Continental Monthly, Vol. 1, No. 4, April, 1862: Devoted To Literature And National PolicyVarious
History
The Continental Monthly, Vol. 1, No. 4, April, 1862: Devoted To Literature And National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
The friends of peace were actuated by various motives. With statesmen
and politicians peace was preferred because it was cheaper than war, and
all countries were burdened with debt. England has sometimes been
praised because she so uniformly threw her influence on the side of
peace, after she had accomplished her purpose in the war against
imperial France. Time and again, she might have waged popular wars, and
in which she would have probably been successful; but she would help
neither the Spaniards against France and the Holy Alliance, nor the
Turks against the Russians, nor the Poles against the Czar, nor the
Hungarians against the Austrians, nor the Italians against the Kaiser,
nor the Greeks against the Turks. She settled all her disputes with the
United States by negotiation, and showed no disposition to fight with
France, except when she had all the rest of Europe on her side. But this
praise has not been deserved. England did not quarrel with powerful
countries, because she could not afford to enter upon costly warfare.
She had gone to the extent of her means when her debt had reached to
four thousand million dollars, and she could not increase that debt
largely until she should also have increased her wealth. Time was
required to add to her means, and to lessen her debt; and to such a
state had her finances been reduced, that it is now twenty years since
she began to derive a portion of her revenue from an income tax, which,
imposed in the time of peace, was increased when war became inevitable.
The bonds she had given to keep the peace were too great to admit of her
breaking it. She did not fight, because she doubted her ability to fight
successfully. She had no wish to behold another suspension of cash
payments by her national bank; and a general war would be sure to bring
suspension. But she was as ready as she had ever been to contend with
the weak. The Chinese and the Afghans did not find her very forbearing,
though with neither of those peoples had she any just cause for war.
Public-domain text, read in full here on John Shaqi.
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