Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1861-07-13
rho aspect of Affairs.

The New York Tribune indorses the state
ment of cotsmporory Republican journal thai
"there are two hundred and ATTY thousand [oi
morel Americans in arms to defend their coun
try against treason" and adds that "this wal
is costing the Government from twenty to forty
millions of dollars per month, and the country
in the disruption and stsgnation of its business
"a great deal more.p Taking the average
thirty millions of dollars per month-the cos
to the Government Of the war as now carried
on, will in single year amount. to three hun
dred and sixty millions Of dollars. Butthe COS
to the country, IN thssuin OF business and th,
paralysis Of industry, " safe told, win be mud
greater-how much greater the Tribune doe
not undertake to estimate. lt may be two
three, FIVE, or ten times as much. To give some
idea Of the extent Of this loss at single point
we quote the following paragraph from the New
York World, vigorous supporter of the war
policy of the Administration in all its bear
iDgs; ~ '--- ~
-"The city of New York has suffered BY the
southern rebellion and repudiation little II any
short of one hundred and fifty millions Of dol
lars. 1t continues to lose, by stagnation and In
action. Whole classes of merchants have fall
ed Credit has fallen to it's lowest ebb. The
great body of commerce isparalyzed. "-vs y q
This picture Of New York win soon, If 1t does
not now, answer for sketch Of oil our cities
and towns in proportion to their business and
population. The whole country viii suffer from
"stsgnation and inaction" to an extent hitherto
unparalleled in our history. 9s
But the World seeks TO comfort itself and its
readers with the idea that we have touched the
lowest point in our adversities, because 'instead
of that miserable, long credit customer-the
South-the Federal Government is in the mar
ket with four hundred millions Of dollars to be
expended among northern laborers and trades
men within the next twelve months" But
Government has not yet got the money 10 ex-
pend; it has to raise Il chiefly by loans, which
will require time, and it'maybe many months
before it will be in the market with iSouf hun.
dred millions of dollars in cash in its pocket.
That the Government cau do q great deal on
credit, both in Obtaining supplies for the war
and in raising money, no one can doubt; but
it is now about 70 put its credit TO the seyerest
test it has ever undergone, and though all that
is needed may be obtained In the end, there will
doubtless be more or less vexatious delay and
ruinous sacrifice. asci ) J.sss osi .asai ~ 30
Because the Government isabout attempting
to raise hundreds Of thousands of men and mil.
lions of money, 1t does not follow that No are
hereafter to sail on smooth sea- If the Ad.
ministration had given eyldenee of ability and
efficiency, confidence might have been restored,
and 1t might have been said by this time thstNe
had reached the eliminating point in tbh evil
war. But no such evidence has been given,
and donbt is fastening itself in mems minds
whether those at the head Of affairs at WASH
iDgton are at all competent for the posts they
fill in these critical times.s These doubts arise
not because people are iislosal to the Govern.
ment; but because they are loyal and desire to
see its authority fully sustained and vindicated
by "a vigorous and efficient Administration. =
As the "poWsrs that bs''At Washington,
deem it proper to conceal their plans and opera
tions from the people, and to exercise censor
ship over the usual means Of public intelii-
geDce, it is possible that the, Administration is
about to give, before the country is aware Of
what is coming, some satisfactory evidence Of
vigor and efficiency. The public mind is crav.
ing for demonstration Of that kind; iis pa
tience Is nearly exhausted, and a much longer
delay will produce reaction against the Ad-
ministration and its party, that will be'intense
and universal in proportion 70 the evils they
have brought upon the country. 49,.