^, 4^ ^Sl^ IMAGE EVALUATION TEST TARGET (MT-3) // // ^ .^^ ^.^ 1.0 V^ lii ■tt Uii ■2.2 u 1.1 III WUu HiotogFaphic Sciences Corporation ■^ V ^N V <<^. ^- V 23 WBT MAIN STRKT WIBSTM,N.Y. MSM (7t6)«72-4S03 ;\ CIHM/ICMH Microfiche Series. CIHM/iCIViH Collection de microfiches. Canadian Inttituta for Historical IMicroreproductiona / Inatitut Canadian da microraproductions historiqua ;\ Tachnical and Bibliographic Notaa/Notaa taciiniquaa at bibSiographiquaa Tha Instituta haa attamptad to obtain tha baat originai copy avaiiabia for filming. Faaturaa of thia copy which may ba bibiiographieaiiy uniqua, which may altar any of tha imagas in tha raproduction, or which may aignificantiy changa tha uauai mathod of filming, ara ehackad balow. SColourad eovara/ Couvartura d^ eoulaur p~| Covara damagad/ D D D D D D Couvartura andommagte Covara raatorad and/or iaminatad/ Couvartura raataurAa at/ou pailieulAa r~| Covar titia miaaing/ La titra da couvartura nr.anqua Colourad mapa/ Cartaa g^ographiquaa an eoulaur □ Colourad ink (i.a. othar than blua or black)/ Encra da eoulaur (i.a. autra qua blaua ou noira) rn Colourad plataa and/or illuatrationa/ Ptanchaa at/ou illuatrationa 1% eoulaur Bound with othar matarial/ Rali4 avac d'autraa documi'«nta Tight binding may eauaa shadowa or diatortion along intarior margin/ Laraliura aarria paut eauaar da I'ombra ou da la diatoraion la tong da la marga intiriaura Blank laavaa addad during rastoration may appaar within tha taxt. Whanavar poaaibla. thaaa hava baan omittad from filming/ II aa paut qua cartainaa pagaa blanchaa ajoutioa lora d'una raatauration apparaiaaant dana la taxta, mala, loraqua cala itait poaaibla, caa pagaa n'ont paa «t« filmAaa. Additional commanta:/ Commantairaa suppiimantairaa; L'Inatitut a microfilm* la maillaur axamplaira qu'il lul a AtA poaaibla da aa procurer. Laa d*taiia da eat axamplaira qui lont paut-4tra un.'quaa du point d» vua bibliographiqua. qui pauvant modif iar una imaga raproduita. ou qui pauvant axigar una modification dana la mAthoda normala da filmaga aont irtdiquia ei-daaaoua. Th to D Colourad pagaa/ Pagaa da eoulaur r~n Pagaa damagad/ D a D D D D Thia itam la fllmad at tha reduction ratio ehackad balow/ Ca document aat filmi au taux da rMuction indiqui ei>daaaoua. Th po of nil Or Pagaa andommagiaa Pagaa raatorad and/01 Pagaa raatauriaa at/ou pailiculAaa r~l Pagaa raatorad and/or laminated/ Pagaa diacolourad, stained or foxed/ Pagaa dAcoioriaa. tachaties ou piquiaa Pagaa detached/ Pagaa dAtach^s Showthrough/ Tranaparenee Quality of p/int variaa/ QualitA inAgala de I'impreaaion Includaa supplementary material/ Comprand du matiriel supplAmentaira Only edition available/ Seule Adition diaponible Pagea wholly or partially obscured by errata slips, tissuaa. etc., have been refilmed to ensure the best possible image/ Lea pages totalement ou partieilement obacurciaa par un feuillet d'arrata. una paiure, etc.. ont AtA filmAes A nouveau de faqon A obtenir la mailleure image possible. th sk ot fir ale or Th ah Z M( dll en ba rig rm mi 10X 14X 18X 22X 26X 30X y 12X 16X »X a«x 2IX 32X TIm copy fllm«d hsra haa b««n raproduoMi thankt to tho gonorotitv of: Douglas Ubrairy Quaan's Univaraity L'axamplalra fllmA f ut raproduit grica i la g«n4roalt« da: Douglas Library Quaan's Univaraity Tha Imagaa appaaring hara ara tha baat quality poaalbia oonaMarlng tha condition and laglblNty of tha original copy and In kaaping vvlth tha filming contract apaeif Icatlona. Original copica In printad iMpar c>>vara ara fUmad baglnning wHh tha front covar and anding on tha laat paga with a printad or llluatratod Impraa- sion. or tha back covar whan approprlata. AH othar original coplaa ara fNmad baglnning on tha f Irat paga with a printad or Htuatratad Impraa- slon, and anding on tha laat paga with a printad or llluatratad impraaaton. Tha laat racordad frama on aach microfiche shall contain tha aymbol ^^^ (moaning "CON- TINUED"), or tha aymbol ▼ (moaning "END"), whlchavar appllaa. Laa Imagaa r4ilvantaa ont 4t* raproduhaa avac la plua grand adn, compto tanu da la condition at da la nattati da l'axamplalra film*, at an conformit* avac laa condMona du contrat da filmaga. Laa axamplairt origlnaux dont la couvartura an paplar aat Imprim4a aont fNmte an commandant par la pramlar plat at an tarmlnant aoit par la dartiMra paga qui comporta una ampralnta dImpraaakNi ou dlHuatratlon, adt par la aacond plat, aalon la eaa. Toua laa autraa axamplairas origlnaux aont flImAs an commandant par la pramMra paga qui comporta una ampralnta dimpraaalon ou d'iHuatratlon at an tarmlnant par la damMra paga qui comporta una talla ampralnte. Un daa aymbdaa auivanta apparaftra sur la darnMra imaga da chaqua microfiche, salon la caa: la aymbola — »• signlfia "A 8UIVRE", la aymbolo ▼ signlfia "FIN". IMapa, plataa, charta, ate., may ba filmed at different reduction ratkM. Thoae too large to be entirely included in one expoeure ere filmed iMgIn' ing in the upper left hand comer, left to right and top to bottom, ae many framee aa required. The following diagrams illuatrata the method: Lea cartea, planches, taMeeux, etc., peuvent ttre filmto i dee taux da rMuction dlff Arenta. Loraqua la document eet trop grand pour Atra raproduit en un eeul cllch*, il eet film* A partir da I'angle aupiriaur gauche, do gauche i droKe, et do heut en baa, en prenent le nombre d'imegee n*ceeeaira. Lee diagrammee suivants llluatrent le mithode. 12 3 1 2 3 4 6 6 ■4^ IZ^^' The EDITH and LORNE PIERCE COLLECTION of CANADI ANA ^eerfs University at Kingston W'- L (ffllMii, Vf^fiJ' fo. ):^/:rt III the article which commences the number of the Saturday Review for January 29th, entitleil " Armed Peace,'' we find the subject treated in a manner which shows that the writer of the article has endeavoured to rise above popular prejudice and to look at the beneii- cial as well as the baneful consequences entailed by the large armies now supported by certain of the European nations. He has, however, as we opine, omitted alto- gether one of the most important elements belonging to an impartial consideration of the case, and, consequently, his conclusion, if not altogether wrong, must be pro- nounced undemonstrated and not entitled to acceptance as a sound application of political economy to the actual circumstances. The conclusion to which we refer and object, is stated at the commencement of the second part of the article" in these words : " It is, however, so painful to think of the waste of money and energy and happiness which large armies involve, that, etc.'' This statement, taken together with those which precede it, seems to show that the writer has succumbed to the popular prejudice which looks upon a large army as a necessary evil; necessary as a weapon of offence and defence, but in itself extremely costly and injurious. Now, what we are desirous to do in this relation, is briefly to indicate the application to this subject of the views recently explained by us, in your journal, on the labour question. . Let us take one of the European countries, for exq,mn T 6 National Economy. plo England, und suppose it tu be decided by Failiument that the standing army of England shall be one million soldiers. A large proportion of this force to be sustained by subjection to compulsory military service of the whole population.. The ordinary militia soldier to pass three years in fulf octive service ; to be afterwards sub- ject to occasional service for the purpose of keeping up his efficiency, and liable to be culled upon to take part in the defence of his country. It is certain that, at the present time, such a propo- sition would be met by an adverse judgment on the part of a great many persons supposed to understand tlie principles of political economy. " A million men," it would be said, " subtracted from the wealth-producing power of the nation ; that is, virtually, so much of the wealth of the nation wasted and lost ; and for what f To keep the neighbouring countries under a continual menace and oblige them to commit the same frightful waste. And, besides this, look at the actual outlay; the enormous cost of thus keeping a vast multitude of men in idleness, and so on." Now in respect to the subtrac- tion from the wealth-producing power of the nation, the first question the political economist is require