22 DECEMBER 1849, Page 2

The United States Government avows an accumulating deficit of 18,000,000

dollars, and is contracting a loan to meet it, at the same time that the army is to be increased for the defence of the frontier. What will the English Financial Reformers and Peace advocates say to that step in the Model Republic ? Moreover, there is much talk of recurring to a higher tariff, ostensibly to raise a greater revenue for meeting increasing expenditure: what will the Free-traders say ? The Model Republic is manifestly at a loss for some national mission: it has nothing for its citizens to do but to accumulate wealth and bully the world ; which is an expensive policy. Yet, had they higher aspirations, what ex- amples might a true model republic set to Europe just now ! what lessons teach!