Public attention, during the recess, has been very generally directed to the state of the finances of the country. No wonder. Last year, in proposing the first of his abortive budgets, Lord John Russell distinctly calculated the probable excess of the expenditure over the income at the sum of three millions and a quarter; to balance which he asked for an augmentation of the income tax—a proposal which the nation very properly scouted. But, whilst we state now, as we stated then, our determined opposition to the increase of the direct taxation of the country, we must remark that the free-trade party were hardly justified in withholding their support from a minister who had played their game with such unimpeachable docility, in an emergency directly resulting from the operation of their cherished system. The statement of Sir Charles Wood, to the effect that, during the last six years, the nation had remitted seven and a half millions of annual taxation, ought surely to have had the effect of an argument upon these impenetrable men. Seven millions and a half had been sacrificed before the Moloch of free trade. Good, benevolent, plain-dealing Sir Robert, and profound, calculating Lord John, had each, in preparing their annual estimates, lopped off some productive branch of the customs, and smilingly displayed it to the country, as a proof of their desire to lessen the weight of the national burdens. That our revenue should fall was, of course, a necessary consequence. Fall it did, and that with such rapidity that Sir Robert Peel dared not take off the income tax, which he had imposed upon the country with a distinct and solemn pledge that it was merely to be temporary in its duration, but handed it over as a permanent legacy to his successor, who coolly proposed to augment it! Now it really required no reflection at all to see that, if our statesmen chose, for the sake of popularity or otherwise, thus to tamper with the revenue, and to lessen the amount of the customs, a deficit must, sooner or later, occur. Not the least baneful effect of the policy pursued by Sir Robert Peel has been the system of calculating the estimates so low, and adapting the income so closely to the national expenditure, that a surplus, to be handed over to the commissioners for the reduction of the national debt, is now a tradition. We have abandoned the idea of a surplus, nor can it ever again be realised under the operation of the present system. Instead of a surplus we have a permanent income tax, and, more than that, a fresh debt incurred by us, under Whig management, of no less than ten millions.

Such being the state of our finances, the question naturally suggests itself to the mind of every thinking man, how are we to find a remedy? The Financial Reform Associations—which are nothing else than the bastard spawn of the Anti-Corn-law League—are perfectly ready with their answer. They see no difficulty about it at all. "Act," they say, "upon the same principle which every man adopts in private life. Since your income has fallen off, reduce your expenditure. Cut your coat according to your cloth. Find out what are the most expensive items of your estimates, and demolish these. If you can't afford to have an army, don't keep one. Your navy is anything but a source of income; put it down. In this way you will presently find that you can make out a satisfactory balance-sheet."

This is the pounds, shillings, and pence view of the case, and its supporters are determined to enforce it. Dull statistical pamphlets, inveighing against the enormous expense of our establishments, are compiled by pompous pseudo-economists, and circulated by the million. Looking to the past, it requires no familiarity to predict, that, as sure as winter follows autumn, so certainly will the Whigs yield to the pressure from without. Nay, it is not a prediction; for already, in the Queen's speech, an intimation to that effect has been given. Now this is a matter of vital moment to every one of us. We are now verging towards the point which we have long foreseen, when the effects of unprincipled legislation will be wrested into an argument against the maintenance of the national greatness. We have a battle to fight involving a more important stake than ever. We must fight that battle under circumstances of great disadvantage; for not only has treachery thinned our ranks, but the abandonment of public principle by a statesman whose hairs have grown gray in office, has given an example of laxity most pernicious to the morals of the age. But not the less readily do we go forward at the call of honour and duty, knowing that our cause is truth, and confident, even now, that truth must ultimately prevail.

In the first place, let us set ourselves right with these same Financial Reform Associations, so that no charge may be brought against us of factious opposition to salutary improvement. We have perused several of their tracts with great care; but, being tolerably familiar with their statistics already, we have not acquired any large stock of additional information. They point, however, to many things which are most undoubted abuses. That a reform is necessary in many civil departments of the state, has long been our expressed opinion. Money is not only misapplied, but the revenues which ought to be drawn from some portions of the public property, find their way into private pockets, and are not accounted for. We do not doubt that the dockyards are largely jobbed, and that the nation suffers considerable loss by a partial and nefarious system of private instead of public contracts. We are no admirers of sinecures, of unnecessary commissionerships, or the multiplication of useless offices. The department of Woods and Forests is an Augean stable, which requires a thorough cleansing. It is notoriously the most inefficient and the worst served of the public boards, and it has permitted and winked at peculation to an extent which is almost incredible. We desire to have the public accounts better kept, and some security given that the officials will do their duty. We wish to see patronage fairly and honourably exercised. We wish to see abuse corrected, curbed, and abolished.

And why is this not done? Simply for this reason—that we are cursed with a government in every way unfit for their charge. The present ruling family party have not among them a vestige of a public virtue. Jobbing with the Whigs is not an exceptional case—it is a living principle. It is more to them than the liberty of the press: it is like the air they breathe; if they have it not, they die. They keep their adherents together solely by the force of jobbing. Look at their Irish Trevellyan jobs, their commissions, their unblushing and unparalleled favouritism! Never, in any one instance, have they attempted to save a shilling of the public revenue, when, by doing so, they would interfere with the perquisites of some veteran servitor of their order. We know this pretty well in Scotland, where jobbing flourishes all the better because we are denied the superintendence of a separate Secretary of State—an office which is imperatively called for. The present is undeniably a time for the exertion of strict economy in every department, and yet ministers will not vouchsafe to commence it in their own. During the last two years, various offices which are not hereditary, which are notorious sinecures, and which are nevertheless endowed with large salaries, have become vacant; and, in every case, these have been filled up by Lord John Russell, on the broad ground that the government could not afford to dispense with such valuable patronage.

So far we are at one with the finance reformers. So long as their object is to reform evident abuses, we are ready not only to applaud, but to co-operate with them: but the correction of abuses is a very different thing from that suicidal policy which has been over and over again attempted in this country—that policy which, by saving thousands, insures the loss of millions.

Because our revenue has fallen off, is that any reason why we should part with our army and navy? Let us assume that the army and navy are necessary for three purposes—first, for the defence of the country; secondly, for the maintenance of internal order; and thirdly, for the retention of our colonies. Let us further assume, that, keeping these three necessary points in view, it is impossible to effect a numerical reduction of the force: and we then ask the economists whether, these premises being allowed, they would push their doctrine of cloth-cutting so far as still to insist upon a reduction? Not one political tailor of them all will dare to say so! They know the overwhelming storm of contempt that would arise in every corner of Great Britain, if they dared to give vent to such a traitorous sentiment; they leave it unuttered, but they aver the non-necessity.[32] Here we meet at once upon fair and open ground; and we ask, whether they mean to aver that the present force is greater than is required for the three purposes above mentioned, or whether they mean to aver that any one of these purposes is unnecessary? This, as we shall presently have occasion to see, is a very important distinction.

To the first question, as yet, we have only indefinite answers. We hear a good deal about clothing allowances and abuses, with which we have nothing whatever to do. It may be, that there exist some faults in the army and navy department, and that these could be amended with a saving of expense to the country: if so, let it be done. We cordially echo the language of Lord Stanley, on moving his amendment to the address: "I believe it is possible to effect some reductions in the civil departments of the army, ordnance, and navy. I also think that large reductions may be made by checking the abuses which exist in the administration and management of the dockyards. But the greatest security we could obtain for having the work well done in the dockyards, would be the passing of an enactment to deprive all persons in those yards from voting for members of parliament. I have heard at least twenty naval officers express an opinion that, until persons employed in the dockyards shall be prevented from voting for members of parliament, it will be impossible to exercise efficient control over the work performed in those establishments. If reductions can be effected, in God's name let them be made; and, although one may wonder how such a course has been so long delayed, I will applaud the government which shall economise without prejudice to the permanent interests of the empire. But when the country is in a position which requires that she should have all her resources and powers at hand, I cannot concur with those who, for the sake of economy, would largely diminish the naval and military forces of the country."

Mr Cobden, so far as we can gather from his orations, advocates the propriety of disbanding the army on the score of peace. He thinks that, if we were to dismiss our forces, all the other nations of the earth would follow the example. There is something positively marvellous in the calm audacity of the man who can rise up, as Cobden did at Manchester, on the last day of January, and enunciate to his enraptured audience, that, "notwithstanding all that had been said on that subject, he reiterated there never was a time when Europe was so predisposed to listen to advances made by the people of England, on that subject, as now!" Where, in the name of the Seven Sleepers of Ephesus, has the man been during the last twelvemonths? What does Mr Cobden understand by Europe? We should like to know this, for it is very easy to use a general term, as in the present instance, without conveying any definite meaning. Does he refer to the governments or the mobs of Europe—to the well-affected, who wish for order, or to the Jacobins whose cause he adores? If he meant the latter class to signify Europe, we can understand him readily enough. He is right: great indeed would be the joy of the clubs in Paris, Berlin, and Vienna, if there were not a soldier left. What jubilee and triumph there would be in every Continental capital! Not the suppression of the police would excite deeper exultation in the hearts of the denizens of St Giles', than would the abolition of standing armies in those of the bearded patriots of the Continent. No need then of barricades—no fighting for the partition of property—no bloodshed, preparatory to the coveted rape and pillage! The man who can talk in this way is beneath the average of idiots; or, otherwise, he is somewhat worse. Not only during the last year, but within the last five months, we have seen that the whole standing armies of Europe have been employed in the task of suppressing insurrection, and have not been able to do it. Under these circumstances, what state would be "predisposed" to surrender its citizens to the tender mercies of democracy? Ignorant indeed must be the audience that could listen to such pitiable drivelling as this!

Until it can be shown or proved that our armaments, even in ordinary times, are larger than are required for the purposes of defence, of internal tranquillity, and of colonial occupation, there is no cause for reduction at all. The troops at home are maintained for the first two objects, since it would be as wise, in the time of peace, to dismantle the fortifications of a town and to spike the cannon, as to dispense with an army. Is there no necessity for the troops at home? The experience of last year alone has shown us what we might expect if Cobden's views were realised. Glasgow, the second largest city of the empire, was for a time in the hands of the mob. We doubt whether the stiffest free-trader in the West would now be disposed to renounce military protection. Have the people of Liverpool already forgotten that their shipping and warehouses were threatened with incendiarism, and that such apprehensions of a rising were entertained, that, at the earnest entreaty of the magistracy, a camp was established in their vicinity? What would be the state of Ireland, at this moment, if the troops were withdrawn, or their number so materially lessened as to give a chance of success, however momentary, to insurrection? But it is useless to ask such questions, for, in reality, there is hardly a sane man in the British islands who does not know what the immediate result would be, and the horrible penalty we should ultimately pay for such weak and culpable parsimony.