PARALLELS of HISTORY
“I read the other day an extract written by Macaulay to the Edinburgh Review, 14 years after the war with the French,” said Lord Gainford in the‘House of Lords. “Here we are 14 years after the Great War In Europe. Macaulay said: ‘The present moment is one of great distress. . A war compared with which all other wars sink into insignficance; taxation such as the most heavily-taxed people of former times could not have conceived; a debt larger than all the public debts that ever existed in the, world added together. Our rulers will best promote the improvement of the nation by strictly con fining themselves to their own legitimate duties, by leaving capital to find its most lucrative course, com modities their fair price, industry and intelligence their natural reward, idleness and folly their natural punishment, by maintaining peace, by defending property.... and by observing strict economy in every department of the State.’ “Every one of those words seems to be applicable to the present position,” said Lord Gainford. "It took a few years after the hungry 'forties before the country recovered.”
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Bibliographic details
Bay of Plenty Times, Volume LXI, Issue 10905, 3 September 1932, Page 4
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186PARALLELS of HISTORY Bay of Plenty Times, Volume LXI, Issue 10905, 3 September 1932, Page 4
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