The warrior nation yields in turn to a stronger foe, while all alike are willing tributaries to the natural arbiter of commerce and source of food supply. Wars, by the laws of Providence, attend the convulsions of national change and growth; but all alike ever welcome the white-winged doves of commerce as the ministers and messengers of national glory and prosperity. ENGLISH AND AMERICAN TAXATION. There have been few more striking circumstances connected with the transcendent changes which have taken place in this country during the past three years than the steady verification, amid every change, of those great principles of political economy which, during the past half century, have been the practical guides of European legislation. In fact, under the pressure of war we are slowly coming to realize our fellowship with the communities of the Old World in the laws of social change. Step by step the nation is now passing through all the changes in its internal and domestic condition that took place in Great Britain in the wars with Napoleon. Struck with the novelty and apparent anomalies of our condition, we have been inclined to feel that it was without parallels in history. But in that period of English history which beheld a suspension of specie payment protracted twenty years, an enormous expansion of the currency--the appreciation of gold--a rise in prices unparalleled in any country--a wild spirit of speculation--and, with all, an appearance of astonishing prosperity in the midst of a most exhausting war, we see the reflection of our own condition, and find the lessons by which we should be governed. We have now, for the first time, become a people conscious of taxation. It is clear that the burdens of the future must be still greater than anything we have yet borne in the past. The questions as to the best modes of taxation have already begun to call forth the anxious deliberation of the nation. The question is asked by some if we have not already reached that limit where taxation ceases to be a contribution from the surplus of society, and beyond which it will become a draught on the vital, productive energies of the country. It cannot be unprofitable, at such a time, to examine the history of English taxation in the great periods of similar trial through which that nation has passed. The great rebellion marks the era of the adoption of a regular system of taxation in Great Britain. 'From a period of immemorial antiquity,' says Macaulay, 'it had been the practice of every English Government to contract debts; what the Revolution introduced was the practice of honestly paying them.'