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lve per cent. We find, therefore, that while £60,000,000 annually would be added to their national debt, £6,000,000 annually would be added to the charge of that debt, so that four years and three-quarters of their present expenditure would saddle them with a burthen equal to that which we have incurred in a century and a half. Mr. Gladstone has to provide some £28,000,000 to satisfy the public creditors of Great Britain. In the year 1866, if the American war should be protracted so long, Mr. Chase's successor will have to provide rather more than that sum for the creditors of the Union. It is obvious to remark that the war may not be carried on so long, or continued at so heavy a cost; and, indeed, the exorbitant propositions of Congress were probably based upon the assumption that the way to make short work was to go to work unsparingly at first. But the history of the campaign up to the present point contains little to suggest a speedy termination of the struggle. The South