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if the Federal revenue were to be doubled by the proceeds of fresh taxation, the increase of income would be almost all absorbed in paying the interest of the debt which will probably be contracted by this time twelvemonth. In other words, the Americans are now creating a national debt at the rate of £60,000,000 a year. We entreat the reader to observe for a moment what this implies. Such a course throws all our borrowing into the shade. In all the nine years of the American war, from 1774 to 1783, we only borrowed £104,000,000. In the twenty-two years of the great Revolutionary war we averaged less than £30,000,000 a year, and in the tremendous year 1813-14 the loan was but £36,000,000. But this is but only half the battle. The burthen of a loan depends not so much on the amount of principal as on the rate of interest. We borrowed our money even in 1813 at a little above four and a half per cent., and in 1856 at a little above three per cent. The Americans, however, began
The Daily Dispatch: November 30, 1861., [Electronic resource], Mr. Russell's letters to the London times. (search)
A secret Chapter of the Northern history of the War — a speech from Gen. Patterson--his campaign Defended. At Philadelphia, on the 20th inst., members of the First City Troop met in commemoration of the formation of the company in 1774. After assembling at the armory, the Troop proceeded to the Continental Hotel, where hey partook of the anniversary dinner. After these had been ably discussed, Gen. Patterson, in response to a toast and three cheers, made a forcible speech, explaining his reasons for not intercepting Gen. Johnston, previous to the battle of Manassas Junction: The gentlemen of the Troop were witnesses of what was done, and he asserted what they knew to be true; that the column was well conducted. There was not a false steep made nor a blunder committed. The skirmishers were always in front, and the flanks well protected. They were caught in no trap and fell into no ambuscade. They repeatedly offered the enemy battle, and when they accepted it they beat t
The Daily Dispatch: March 13, 1862., [Electronic resource], One hundred and twenty-five Dollars reward. (search)
ed in 1795. The Austrian army solicited an armistice to attend his funeral, so highly was he estimated by all. Marmont, from the military school — Lieutenant 1774, General 1793, Marchal 1809. Massena — Well known; surnamed "Enfant cheri de la victoire; " soldier 1790, General 1793, Marshal 1804, died 1817. Moncey, hal 1804, shot 7th December, 1815. Oudinot — Born 1767, soldier 1784, Major 1792, General 1799, Marshal 1809. Perignon (Marquis de)--Sub-Lieutenant about 1774, General 1791, Marshal 1805; not very remarkable. Pichegru — Soldier 1782, officer 1789, General 1792, deserter and conspirator, died in prison 1804. Reyal in 1814; the end. Teste, (Count,) born 1775, Major at 17, (1791,) Colonel 1800, General 1804; until Waterloo. Velena, (Count of) born 1757, Lieutenant 1774, Captain 1778, Colonel 1784, General 1792; retired after Waterloo. Vandammes, (Comte d'unebourg) officer about 1790, General 1793, prisoner in 1813 in Bohemi
The Daily Dispatch: October 2, 1863., [Electronic resource], A remarkable Phenomenon...a Chapter of similar ones. (search)
who were spectators of the scene, pointed out to the narrator and witness of the phenomenon a number of places easily recognized with the naked eye, but further increased in distinctness by the use of the telescope. Places known as the Bay, the Old Head, and Dover Cliffs, even the French fishing boats, and portions of the French coast at a distance from 80 to 90 miles, all appearing as near as if they were sailing at a small distance from the coast. 2d. In the Highlands of Scotland, in 1774, Mr. Wren and others observed upon an extremely precipitous hill the figure of a man, with a dog, pursuing several horses, all running at a most rapid rate, until they finally disappeared, all of which proved to be a more scene similar to others of the kind.--Some time afterward, in the same locality, as observed by the inhabitants for miles around, there was seen a troop of horsemen advancing in close ranks and at a brisk pace. The various evolutions through which the troops passed were dis
the nation upon the subject of neutrality, and there it will all end. Those who believe that the event will be different must be marvelously inaccessible to the teachings of experience. Within the last eighty years there have been repeated instances of the perseverance of the crown a particular line of policy, especially of this so-called policy of neutrality, in opposition to the almost unanimous wishes of the nation. The whole nation was indignant at the first division of Poland in 1774, and although it was clearly foreseen that it must give Russia a preponderance in Europe, which must ultimately prove fatal to England's cherished hobby of the balance of power, and although eloquent members of both Houses remonstrated with all the energy of justly excited alarm, England contented herself with calmly looking on and hugging her darling phantom of neutrality more closely to her bosom. She was busy, Just then, in devising means to reduce her American colonies to slavery, and ha
death bed their father had taken a solemn from all of them, to hold his four millions well together, and they have faithfully kept the injunction. But the old City of Frankfort clearly was too narrow a realm for the fruitful sowing of four millions; and, in consequence, the five were determined after a while to extend their sphere of operations by establishing branch banks at the chief cities of Europe. The eldest son, Anselm, born 1773, remained at Frankfort; the second, Solomon, born in 1774, settled at Vienna; the third, Nathan, born in 1777, went to London, the fourth, Charles, the infant terrible of the family, established himself in the suit climate of Naples, and the fifth and youngest, James, born 1792, took up his residence at Paris. Strictly united, the wealth and power of the five Rothschild was vested in the oldest born; nevertheless, the shrewdest of the sons of Mayor Anselm, and the heir of his genius, Nathan, the third son, soon took the reins of government into
independence of the South. Mr. Brooks replied that he never would acknowledge the independence of the South. God has made us one people. Mr. Wilson repeated; If all means should fail would the gentleman wage war for the suppression of the rebellion. Mr. Brooks replied; "God made this country for one people; but war was not the civilized remedy for the disease. Our first duty is to try conciliation." He then cited six length the resolutions moved in the British Parliament from 1774 to 1787, by Chatham, Burke, Fox and others, to show that these great men were for compromise and honorable concessions, and that what they begged to be given at the start. Lord North had to otler in the middle; while in the end independence had to be given. The lesson was one for us now. History was but repealing itself. If we attempt negotiation, and the South refuse to hear, the South will be divided and the North united. The war will be by the ballot-box in the Southern country. Our r
m and their descendants but 311,000 remained after 178 years to be emancipated in 1833. In the whole British West Indies, imported, 1,700,000, of whom and their descendants 660,000 remained for emancipation, the rest having been previously emancipated by death, the result of the hard treatment they received from the philanthropical nation that is so very much concerned about American slavery. Conventions of delegates of Virginia and North Carolina anticipated the Continental Congress of 1774 in resolving to discontinue the slave trade. On the 1st of March, 1807, Congress passed an act against importations of Africans into the United States after January 1st, 1808. An act in Great Britain in 1807 also made the slave trade unlawful. Denmark made a similar prohibition as to her colonies, to take effect after 1804. The Congress of Vienna, in 1815, pronounced for the abolition of the trade. France abolished it in 1807. Spain, to take effect after 1820. Portugal abolished it in
he British Crown, but the governor was reprimanded, and a circular was sent to all the governors of all the colonies, warning them against presuming to countenance such legislation. News reaching Great Britain in 1765 that a similar bill had been twice read in the Assembly of Jamaica, instructions were sent to the governor of that colony, in conformity with which he forbade any farther progress of the bill. Nevertheless, another attempt was made by the Legislative Assembly of Jamaica in 1774, whereupon the Earl of Dartmouth, then Secretary of State, wrote to the governor that "these measures had created alarm to the merchants of Great Britain engaged in that branch of commerce," and forbidding him, "on pain of removal from his government, to assent to such laws." And, at last, in 1775, after the Revolutionary War had commenced, the Earl of Dartmouth, in answer to a remonstrance from the agent of the colonies, replied: "We cannot allow the colonies to check or discourage, in any d