The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-01

sl.oo0.coO. which IL worse thaa 1ead
Ices Ia The country. because six per cent
h'ertst has to be paid on the loss,
an" Showing that the National securities
in q few months, owing to the advent
a. BIZ ao.' .iavery government to power, have
been deprecated twenty five per cent But
how macy more similar loans will he be able
10 &c. on any terms! The statesmsHiiAe
segacity Of the government aaa the leaders OF
the republican parry Is strangely evinced by
the demand OF loan at the very same moment
that the Morrill, tariff comes into operation. The
menisest effect of that tariff is 10 drive away
South, and to necessitate other loans very soon
TO keep the government sfoat Another curious
evidence Of craftsmanship is to be found In the
wariike preparations Of the government concen-
tratipg ships of war in the vicinity of Pensa-
cola Bay, and announcing through its organs,
at tie very same time that 1t is compelled
to evacuate Fort Sumter, that it has issued or
ders for the reinforcement of Fort Pickens.
The only explanation which can be given of
this policy, short of downright insanity, is that
il is intended to affect the New England cleo
tons by keeping up the courage Of the rabid
republicans, and, what is more important to
cur stocBjobbing government, to reduce the
market value of their loan, 80 that their
friends can buy it cheap and sell it at an ad-
vance, as they did the last loan. For, when the
loan is taken, we shall probably learn through
the tocbjobbing organs of the government
that Fort Pickens Is to be abandoned, like Fort
Sumter, and that peace is the policy of the
government.
The effect of taking the loan will be to enable
the government, while they pretend peace, to
prepare for interneeine strife, money being
"the sinews of war;" and to draw the country
insensibly and by degrees into sanguinary fra
tricidal struggle, whose result will be in
tolerable taxation. The taxes Of the English
government before war became its policy were
less than ten millions. For many years they
have been upwards of three hundred and sixty
millions per aDnum, or about million for
every day in the year. During the present year
they amount to the crushing sum of three hun
dred and eighty millions, and that patient ami
NAL, John Bull, submits to the infection, though
not without many grosns. How could it be
otherwise when in one mad war the expenditure
for single year was $650,0OO,00O? Instead
Of learning wisdom, then, from the follies
of other nations, shall we initiate the
bad examples they have set us? Shall
Uncle Sam permit his agent, instead of attend
ing to the vital interests of his thirty-four
farms, to set the people soldering, to the ruin
of their interests and the destruction of the
property accumulated in many years of toll
and industry? Neither the government at
Washington, therefore, nor the government at
Montgomery, ought to receive dollar from
any source unless they renounce their nefa-
rious schemes Of civil war, and agree to
peaceful solution of the questions ct issue,
upon the basis of mutual compromise laid
down by George Washington in his letter to
Congress as chairman of the convention which
formed the constitution.