The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1861-11-15
Financially Ruined.

Financially Ruined.
We are glad 10 see II demon
etrated by so many journals that the
rebels are at last financially ruined,
and that the rebellion is on the eve
Of dying out for simple want Of means
to carry it on. Mr.. Memmingcr as
good as confesses the facts, and one
of the Richmond papers proves it by
a sarcastic overhanling Of Mr.. Mem
minger. 1t is said there is no money
in the seeded states, the taxes are
overwhelming, and can only he paid
in irredeemable paper currency
The money loan tailed in the first
few months OF it's trial, and the pro.
Iduce loan soon went "tumbling az
t.r"-and tho blockade has sealed
up every other resource Under
this state of things, We have looked
round the rebel domains for the in
evita able signs Of paralysis aud dis.
solution. But we are really unable
to see them. Where are theya Let
any one c,lmly look along the whole
line from Nor'tlk to the extreme
Western scouts OF McCullnch, and
tell US.
One difficulty in tho way oi &C
cepting these congratulations is that
they are too much like those which
dem onstrated, in the first place, that
there would and could be no rebel
lion, for want Of the same financial
resources. We had that assurance
put in every shape from the tabul r
to the didactic ic-but it failed. And
so will the present demonstration,
unless we take care to back them mp
by the more timely and vital demon
etratiohs OF troops and ritied guns
The mistake we refer to is borrowed
from the fixed political economy of
prosperous peace, and leaves out Il
world OF qualifications and compen.
sations introduced by such q crisis
as this. The rebels are undoubtedly
hard pushed, according to any stand
ard that prevails among us, but
they appcav to accommodate them
selves to their situation 80 effectively
that our government, running on
borrowed money at the rate of over
million day, has but little success
to boast OF thus far. But this, it is
said, is a temporary exhibit, and the
rebels must run themselves out at
last. Undoubtedly - but when? -
We have oil seen Merchants, and
men in all kinds Of business. run
twenty years on the shady side OF
nothing, by II dexterous shift OF ex-
pedien,s, How long can a commu'
nifty keep up? Austria has been
hopelcssly bankrupt for great while,
and the Ottoman Empire and others
have kept going under even worse
circumstances.
In short, the problem depends
mainly upon the spirit OF the people,
and cvadrs all statistics II the &c
ceded states can maintain the sem
blance Of unity which they now ex'
hibit, can evinco the same reckless
devotion to their bad cause, can con
tinue to enlist free and slave, ma!
and female, in snch effective ser
vices, can turn their agricultural en-
) ergies to the raising OF bieadstufl;
and nccess ries tor the army, I
, 90 on developing their mechanica
ingenuity and their individual self
! denial in the ratio witnessed sine,
E tie outbreak-w0 will not say hov
long they can stavo off financial ruin
but we do say that the experiment
would last longer than we could a
+. ford to have it. 1t would surel
= fail in the end and 80 will SLAYER
a itsel as a fana,ical institution, nc
= cording to Mr.. Carey and all on
best political economists. But tn
nation is not going to stand slill-
especially at the immense cost
Ii every way now rolling up and 6,
t. anybody's ru mons theories worke
:, out. There are too many insutier
= BILE evils iuvolved-too many apal
ing dangers in The way. We mu
10 literally crush this conspiracy, ar
in ,he only question is in what way
lp do it most speedily, consistent wi
,e ,horoughness and the leaving Of Il
.. Republic in the best condition aft
he it is done.- Boston journal.
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