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onger, in our article of Wednesday, by stating that the British debt, at the period designated, bore an interest, some of three, some of four, and some of five per cent. We were well aware of the fact; it does make the case stronger, as will be seen by the following statistics.
We deal here altogether with round numbers.
The British debt at the commencement of the wars of the French revolution, 1793, amounted to £234,000,000 sterling.
During the first war, terminating by the treaty of Amiens in 1802, it increased £327,000,000 sterling, ($1,635,000,000.) It therefore amounted at the peace aforesaid, to £561,000,000 sterling or about $2,800,000,000. It increased £40,000,000; sterling, or $200,000,000, during the peace, which lasted about fifteen months. When England again went to war in 1803, therefore, she was in debt £601,000,000 sterling, or a little more than $3,000,000,000. From that time to the end of the war, the debt increased £511,000,000 sterling, or near $2,600,000,000.<