Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-06-26

abroad will make it necessary for the North
either to give up seventy per cent. of their
foreign trade or to pay tor their importations
with specie This brings on Sudden turn
in the money Market drains their banks,
knocks the bottom out of their currency sys-
TEN, and depreciates their stocks and paper
of all sorts to an extent that no one can fore
see. Tits is the story which must be told of
the North if the South be permitted to leave
the Union-the South which was without
wealth, without resources, burden to the
North, reproach to the Union, and blasted
with the Hcurse" of slavery.
To hold the South to her allegiance is a
simple question of life and death with the
North. II is question of self-preservation,
and every cost, every risk, must be encoun-
tered to effect the vital object in view. Not
merely is the subjugation necessary. but
speedy subjugation is indispensable. The
North not only cannot do without the South
in the long run, but it cannot do without her
at all. If necessary, the North must march
en- masse upon the South, or be utterly ru-
ined.
Was there ever such "rebellioa" before
in the whole course of history? Rebellion of
vast country not only capable Of sustain
ing national existence of its own. but also
of propping up and keeping alive another
one by its side! A rebellion that i. requires
''halt million of men" to put down. A re-
bellion of which no less an expenditure than
the enormous public debts of Europe can ac-
complish the suppression! A rebellion of
sovereign States; of confederacy of South
ern Statesl Yet it must be called "re-
bellion," because it must be suppressed per
fas ant nefds at the hazard of Northern exist
ence.
1t must be confessed that the case OF the
North is a perilOus one. How can it raise
the ''half million of men" required? A few
battles with the Southern forces will render
enlistments somewhat unpopular. The vast
army and navy must also be subsisted and
paid The credit of the Government must
be pushed to the utmost limit, and a market
be found for several hundred millions of
Federal bonds. Where are the purchasers to
be found? Not among their own banks and
bankers, themselves driven upon the break
ers of bankruptcy. Not among the capital
lists of Europe, who will be slow to lend mo-
ney to a Government whose existence de-
ponds upon the sutjugating of a dozen sover-
eign States full of the resources of war.
The case seems hopeless enough The
subjug alton cannot be effected speedily nor
after long struggle; nor at all. 1t cannot
be effected by even five hundred thousand
men and even though it could, that number
of forces cannot be raised. 1t cannot be eff.
tected by five hundred millions of dollars
and they cannot Sell hundred and fifty
millions of bonds. Here is a combination
and complication ofimpracticabilities and i'm
possibilities and behind them all is the black
picture of general ruin and bankruptcy to
their commercial classes. This war of North
upon South is the most foolish and hopeless
one that will ever be recorded in the annals
of human folly and madness. 1t will have
no parallel in all the records of the human
affairs, either in the folly of its inception, in
the wickedness of its prosecution, or in the
disasters of its termination.
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