Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-06-29
ssThese Z some II brewing, towards my neat,
For i did dream of fnoaey-bags tonight

| could get all the money that would be need
ed for the subjugation of the South. But
7 they have since discovered that money will
| not come because they call Tor 1t, aud the
/ difficulties they have encountered, and the
heavy loss they have sustained In the attempt
to raise few millions of dollars, have made
their hearts heavy.
Though their army is not half the size they
expect to make it. their expenses are enor-
NOUS and the fearful cost increases every
| day. 1t is easy to issue bonds, and notes
and stocks, but how are they to get them
converted into money? The United States
| loan of nine millions has not yet all been ia
| ken MP, and the seven million subscribed for
| were sold at about fifteen per cent. below par.
| State bonds to the amount of over $4,000
/ 900, which the States of Lincoiudom have
| subscribed in the fullness of their zeal and
| generosity, will soon be offered for sale. Al
| the same time they are put into market the
Federal Government will make large issues
| of bonds. The States and the Government
will be importuning the people to come up to
| their help. and each will work for himself
State and Government are alike insolveUt
| Where Is the money to come from?
| Great things are expected ofthe Banks, but
we all know that these institutions can do
very little. and they seem by no means dis
/ posed to empty their vaults into the lap OF
| State or Government. Let US take the Ohio
| Banks as proof that in leaning on these in
| stitutions they reckon without their host.
The war feeling ragged nowhere more fierce
/ ly than in the State of Ohio Every man,
| woman and child was ready 10 die for the
| glorious Union. The cultivators of bacon
| were to raise three hundred thousand men
| for the service of Mr.. Lincoln. and if he need
ed; any more, he was to say so. and three
hundred thousand more as gallant spirits
would march upon the rebels. And what
| was quite as grand display of patriotism in
| the eyes of the Lincoln Government, their
Legislature voted three millions for the war,
| This was noble, and Ohio became praise and
| glory throughout the realm of Lincoln.
Gov. Dennson was authorized to borrow
this splendid appropriation. Every body ex-
pected to see the Banks throw open their
| doors wide and invite the Executive to walk
| in and take the money. But the Banks do
| no such thing. The Banks act as though
| they knew nothing about that glittering ex-
| hibitiOn of patriotism. They seem to be con-
| sidering, but they say not a word. If the
Banks do not come forward AMI help them
out of their pressing difficulties, they are in a
| bad case. What will they do? Debts are
| maturing, some are already due, and the
creditors are growing clamorous. Sorely
worried is. Gov. Dennison. The bonds are
ready and the money is called for Surely
now the Banks will come forward and take
the whole amount. The bankers meet. The
men of money discuss the m0mentous matter
with all GOODNESS and thorOughness. They
realize their Importance, and they know what
the State expects them to do. The honor OF
ohio is in their hands. The eyes of the State
are upon them. They subscribe! three mil
lions mol two millions, no. one million, no!
How much in the name of patriotism and Lin
coin do they subscribe? Why the magnificent
sum of three hundred thousand dollars.
''Who now are the tTaitOrs?' bowls one of
Lincoln's mouth pieces. .'Who are aiding the
enemy, by refusing to aid our friends. jeff.
Davis can only make an effort to Kill our
gallant soldiers, but the bankers would starve
them to DEATH There is no bumbug in this
nobody but the bankers can buy these
bonds. We all know that. If they refuse
if their patriotism OOzes out in words-then
we are bankrupt, indeed, aud Gov. Dennison
cannot pay"
We do not wonder at the wrath and indig-
nation of the feeders of swine at this meagre
contribution to the glorious cause. And we
would not be surprised, though we would be
very sorry, if the fiery patriots carried away
by their phrenZied zeal were to put their
hands on the Threats of those men of money
and make them disgOrge.
The Lincoln journals estimate the expense
Of crushing out the rebellion, at two hundred
millions. They look at the tremendous sum.
and their countenances change. They are
sorely troubled. Direct taxation occars to
their anxious minds, as a method by which
that mountain pile might be gathered. But
they have serious. if not insuperable Objec-
tons to direct taxation. The WOTtd thinks
that this method would not be popular. In
this extremity they turn TO foreign capital
lists. ats only resort" says the World, sis
to make the best ot-its credit. And as treas
-. \ IT. -
limits without very Injurious depreciation, an
immense public loan would seem to be an ab
soiute necessity. Congress may as well make
up its mind at once for funded debt such
as the country never yet saw"
The credit of the Federal Government
This sounds very like ridicule. What for
eign capitalist is going to throw his gold in
TO this sinking ship? With an immense
army. whose support has already cost mil
lions, and which is to be increased to FIVE
hundred thousand, an empty treasury, and
no means of replenishing it, the main source
of their revenue having been forever closed,
beaten in every battle, and no nearer the ac-
cOmpiishment of their vile purpose than
when they began the work of invasion, it is
simple folly for such government in such a
condition TO try TO borrow money from
abroad.
Their troubles have been grievously in
CEr&-Eu DN Tue IllouSE vi luIuS ny III
vers persons who love the Union less than
they do themselves. These sharpers have
preyed mercilessly upon their magnificent
donations for the glorious cause. Immense
SUMS that should have been given to the SOL
diers have found their way into the bottom
less pockets of their disinterested patriots.
OF the three millions Pennsylvania voted to
the war. about one half have gone TO enrich
contractors? And this gang of thieves is
composed of men of distinguished position.
The Governor is openly charged with better.
ing his condition with no small portion o.;
this ill-gotten gain. And the swindliDg has
been conducted on 20 extensive a scale
that the Acknowledgement has resigned his
Office on the ground that official connection
with persons so unprincipled and lost to
shame, was inconsistent with his self-respect
and honor. New York, of course, stands
prominent among the swindlers, and Indiana,
Illinois, and Ohio, have also turned the mad
ness to good account.
These are black clouds on the financial fu-
ture of Liucolndom. The brave people are
doubtless in earnest about Furnishing, subdu-
ing and subjugating the South. But all their
bravery and resolution, all their terrible
thrests and curses, all their brilliant plans
and prospective achievements, viii avail
nothing without money. They must have
money. How are they to get it =? That's the
question.
And really we dc think that, considering
the poverty and distress of their government,
and the extent to which it has been cheated
the soldiers of Mr.. Lincoln should fight less
reluctantly and not run quite so fast. Not
one of all his grand army has yet earned his
Courier.
Graphic Picture.