New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-27


long statement Of the financial affairs Of the
North, from which we extract as follows: 4
The Commercial Advertiser speaks of the ex.
penditure Of the Federal Government as rather
under than over 81 100000 per day. We deem this
gross Understatement. There is not man less
than half million soldiers eegnlar, volunteer
aud miita) this day looking to the Federal Treas
ury for food clothing, transportation and pay
and our army has hitherto cost Us fully $1,000 per
man per annum or abour IS per day. We do not
believe the average is below this at present
especially Il the cost Of recruiting and fitting Out
regiments is included We believe the outgoes Of
the Government, including the costof the blockade
and the great Southern Naval Expedition, are fully
s2010a0e per day, or at least 500 900 900 per an
/ mum. When our armies shall have been fully re
cruited, clothed and equipped, with cannon an6
small arms, horses, wagons, munitions, etc, etc.
it may be considerably reduced; but we shall no
bsspending so little as 100000 per day agair
till the war Is concluded.
At this rate, if the war should last three or fou
years, the national debt OF the North will nearly
equal that Of Great Britain, with a means of pay
ment totally disproportioned to the magnitude o
the sum. When the war ends, be that contingency
remoteor near 1T hand, the South will be free and
Independent, released from the thraldom Of North
ern connections. and will go on her way happily
and prosperously !, while the North, which has
heretofore wrung scores of millions of tribute
money annually from the South will be loaded
down with such debt as will hamperits resources
and parayze It's industry for generations to come,
unless, indeed, wholesale and unqualified repndia-
ton, public and private, as seems most probable,
should be resorted to- The South, saving to itself
the annual millions heretofore fitched by the North
will be amply able to meet the requirements Of its
comparatively small public liability hut the North
deprived Of the piIlage of the South, with its most
valuable customer lost forever, and with an enor-
mons national debt saddled upon it, will be poor
indeed, even if itescapes the pangs Of squad pow
erty. May such ever be the punishment of unmiti
gated political wickedness--of a. vile and loath-
some fanatieism, which regards neither religion,
nor justice, nor humanity in its wild and shame
less career. a5
Nowonder the Abolitionists are struggling des-
perateiy to subjngate the South. They are ire
parably bankrupted unless they can have the use
Of the products and the control of the markets of
the soHth. Their financial supremacy has been
built up By Southern means; then marine de-
ponds upon the privilege Of transporting Southern
products for an existence; their manufacturing
fabric is bound to sink the very instant the supply
Of Southern staple is cut off; and their import
trade, from which they have derived such stupen-
dous profits, is bound to dwindle to comparative
insignifcance when their own exports must pay
for their own imports. All these disastrous results
to the North must inevitably follow the establish
ment Of Southern independence, Hence, as init !
mated above, the recklessness and desperation Of
the warfare they are waging. Avarice, hatred,
revenge, and all uneharitableness, impel them;
but, beyond and above all these is the conviction
that, unless Southern wealth is forced to contri-
butte towards the payment Of their war debt, they
will be reduced to a. condition of beggarly insol
.yency. s NJ r.s II
IT would be well enough. perhaps, for Southern.
ers to bear these facts in mind. 1t is true they
need little or no stimulus, yet amid all the excite.
msnt Of the times, and the natural anxeties which
press upon every one, the great fact should never
be lost sight of, that our Abolition enemies intend
TO make Us pay the expenses of our own subjuga-
ton and degradation that is, if they succeed-an
event we look upon as beyond the reach of posi-
hilty.