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ECONOMIC  ASl'ECTS  OF  THE SOUTH  AFRICAN  WAR  221
                    To  sum  up.  Our  broad  conclusions  thus  are  that
                  although  the  war  has  caused  a  great disturbance  of
                  local industry, greater in proportion  to the  industry of
                  the localities which are the seat of war than any similar  .
                  disturbance  upon  record,  yet  the  war  altogether has
                  not caused  any great economic  disturbance because it
                  has really been  small  in proportion to the resources of
                  the  British Empire.  The disturbance  of the local  in-
                  dustries  again  has been" compensated,  except  to  the
                  UitJanders expelled from the Transvaal, by the benefits
                  which  the  local  communities  have  derived  from  the
                  expenditure on  the war  itself  in  their  midst, that  ex-
                  penditure  taking  place  not  at  their own  expense but
                  at  the  expense  of an outside  power.  The whole  cir-
                  cumstances are such as to bring to light and emphasize
                  the  enormous strength  of modern  communities.  We
                  are  writing  thus  of a  war  which  involves  a  contest
                  between from  50,000 to 60,000 men on one side, prob-
                  ably the  best  militia which  has  ever appeared  in  the
                  field  for defensive purposes, and about 200,000 men on
                  the other side, by far the largest army which  England
                  at any time has put  into  the  field.  Our operations in
                  Wellington's Peninsula campaigns, the largest military
                  operations ever before  undertaken  by a  British army,
                  employed not more than from 30,000 to 40,000 English
                  troops,  and  at Waterloo itself  these  troops  were  not
                  more than  about  30,000.  Both  in the Crimea and  in
                  I ndia at the Mutiny we had not much more than these
                  numbers  of  English  troops  engaged.  The  present
                  scale  of operations  is  thus beyond  precedent  in  our
                  history;  yet we cannot  but write  as to the expense in
                  the way we have done.  All things considered the war
                  is  realJy  a  small one  as  far  as  the resources  of the
                  mother-country  and  the Empire are  concerned.  The
                  question of questions for the  future must  undoubtedly
                  be  that  of our  position  with  reference  to  the  more
                  serious possibilities of defence which the development
                  of other  great  powers  of an  essentially  military dis-
                  position may force upon us before long.
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