The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1861-07-27
The North on the Brink Of Ruin.

SUSTAINED Lincoln in his extraordinary
usurpations, and has granted him all
that he has demanded in his insane eff
/ fort to subdue the South the question
rccurs; "Can the Washington Govern.
ment raise four hundred millions Of dol.
lars ~ We take it for granted that il
i the money can bc procured, it will be an
easy matter to obtain men; ftst, because
the immense numbers of men thrown
out Of employment will be forced into
the army, and, secondly, the people OF
/ the North have been led 10 believe that
with four or I've hundred thousand men
the suhugation Of the South will be an
easy aud speedy task But as the New
York News has shown. it is one thing to
make appropriations, ana another, and
one of much more difficulty, TO obtain
money. That paper presents very con.
clusively, in the subioined article, the
difficulties attending the policy Of eocr-
con. 1t was written and published be
fore the assembling Of the Washington
Congress, and on the assumption Of an
appropriation Of two hundred and fifty
millions to prosecute the war. Tie in
telhgcut reader will make the deduc
tion between that amount and the four
hundred millions actually appropriated.
1t is reasonable 10 suppose that, under
sneh circumstances, it will be much more
difficult to raise money, and that it will
be attended with still greater sacrifices
But to the article of the News
The means Of raising the amount Of
money required by the Federal Govern
mcut is topic OF increasing interest
The funds required within the next six
months, If any movement is TO take
place at all viii be sl50 oo0 600. There
seems to be 10 alternative but TO Dor
row this sum, since no system of taxa.
ton. and no noslfum Of national bank
or fiscal agency can be made ayaila
BE within that period. 1t IS equally
obvious that the money must be Dor
rowed in the Northern States, since none
is likely to- be extracted from the South
The shape in which it may TIC borrowed
is then the question IL may he appor'
toned among the States and borrowed
ON State Obligations with Federal guar.
antee or ia Treasury notes, OF IN per
cent Stock soid az 'lS market V"'"v' "'
~ stock at par p''FihB SUCH f@'e o' IN
teresi as may tie N''' = Dc a0Fau''se
~ treasury notes ~ urinary '''"'S -
'Aat N'ry are useu w INC ,N'"""sVs I"
certain eN'gh,, " "'i,I e., r ~ ~,
N'N'n','',' "'''' Nv
"'., "' a.. ..t,.a,.,o,.cs MI, nat
-, fla .,st,,ns viii a.,
n .iN, .,., a., n,,.s,,,i ont and
a.. '..'.....,t.o ,,ll i, value damages
,Hc l'"si,','', ..,,. 'n, rl,l. the narnl,
'H'' 90 " -. ,I..ir ,t,l,tv in the
''S - ''''' r. ~. s,och At any
-, ,.o..r..A j. i,conyenicnt
- ~. ,ha li,,h rates cf interest bid are
80 ,.'i''.. ~, 7..aJ, T,i.suc a stock "a,
-, ia,.r,.t IN hc sold AT
IN, il .,ln ,,od, uspally
eI.a,nd
"'pl'''u ,,.a sl,o ooa GOA in money
-, 49, ~. rr..en, cir, nmstances
,.,niro nrrbably the issue 81 2t00oo.-
AN wv .'..t .,,i'.,h vould bear ON anua
n ia ooo 0oo THIS would sup.
a.. a.. a. six nonths If expenditure
,.s,,.l, ,r,t f,r the succeeding six
80. ,,,,. lao made available
IT, r., ~. le,icl hy the coming Com.
-. /, /. nr,Lalln that the levy mast
,.t,rdinr IA the Constitution.
.s,,. any ATTRACTION of that instrument
~, rysnor, will loavo the door open
;" ' lncl d,fHrnl,irs os may arise from
NJ ,,,1t,.n nnon mn IMPOVERISHED
- 1T 90 ,hc excitement Of the hour
P.oF'o, ~ aw,y Tho capitalists of
,ho nnrla have a permanent illustration
W - IN. in tLc renudiation of Mi
Ill., uln..is and Indiana. whose old
I",s''' 49, I'm No Maid and many
80 at ,;,y dob,s ON which pay.
.V"D ,, r,sis,,1 strengthen the
'no an,,io Tho Consultation provides,
&. "nurrt taxes shall be
nv. "a ,n,,nr ,hc several States
anrlanm "a their rcspectivc numbers "
80 ~ a o'', ns,'.;dcs. No cnpitation or
other direct tax shall he laid, unless IN
n,onortion 20 the census
ana, :, i,,nerntivr and therefore in
,n,yiuy the direct tax the numbers mast
be the guide " r"uls ~, we" VA ,ba nlt9.