Daily Richmond Whig. [volume] (Richmond, Va.) 1861-1862, 1861-12-30

The New York Herald IN late ISSUE confessed that
the Washington Dssposm had very nearly reached the
bottom Of the financial abyss. In three weeks the Her
aid declared there would not be dollar in the Treasury
and no plan had been devised for repenishing the
haused eIchequer. Chases last visit 10 Wall street
suited in nothing Six millions Of specie were drawn out
of the banks aad the subreasury Of New York In the
week ending the 2ls inst Lincoln Is now able to an
swer the question be asked anIiousy 10 the begin
ming of the war; "What Is to become Of my resources
They are gone dried up lost forever Upon temporary
e1pedens, upon fraudulent representations, and the
lowest kng and "shinnng" his cabinet inancier has
been able to furnish thus which, idciousy and
honestly expended, might have carried on the war two
years. but which, having been wasted and stolen In all
conceivable ways have failed and left the Govern
ment staggering under crushing and still accumulang
load OF debt Yet they climor for an increase OF the
present expense of two millions per day, and with In
sane fury call on the Government to involve them In still
another with the most powerful nation on the face
of the Globe IT. as the Mobile advertiser says, this
we're the instinct of yalo there might be found some
thing commend In it. reckless as its quality is but
know that it is not valor, chivalrous. patriotic valor,
for that people have abundany shown that they are not
brave people, II is the spirit Of braggart nsolence,
which displays itself in this indsceet shape Of hectorng
and dsfyng Gsoat Britain, as they have bullied the
South who has constantly made them their words in
the shame and disgrace Of defeat whenever they have
dared to confront her on the battlefield It Is the last
and melancholy display OF 'starspangled banner spread
eagle Yankee-doode" bombass which all very well
Fourth Of Juy occasions, when there was no enemy
to fight and usdisided country gave them the re-
sources and bravery OF the South to back their vspor
inEs withal.
But to the main question How Is the North to raise
money to continue the prosecution OF this war not to
speak of another with Geoat Britain Il was with the
greatest effort and at unknown discount that IL secured
the now exhausted loan from the banksenough TO meet
it, expenses for seventyfve days only at Its rate Of
pendture Where and how Is il to raise the wind to
continue its costly recreation Of subjugating the South
L. get nothing in Europe OF course, for 1t failed
there when it was In better odor that continent than
it is just now. It get nothing from its customs,
for their revenue under the prohbory tariff and loss Of
Southern trade scarcely than pays expenses Of col
lection The business stsgaaon and financial distress at
home will cripple if they do not paralyze. all its Efforts
to shin and skin in Wall street. How it going to man.
age TO keep It's 5000 in the field and its great
dis ,Aoas Will the treasury note resource avail p
If there Is one thing the Norherners do know 1t is tie
value Of money Can confidence be had among them for
the unsecured issues with which the bankrupt Treasury
of partisan Government is flooding the country at the
rate of tso millions per Sism' We think not. The
,ica.e oacores of Wall street will take dire offence
at the fshy odor Of this than Continental paper
ths sbrcwd Germans of the West win 1t fearfuly
akance and the acute noses Of the cunning abrcators
of wooden nutmegs and Yankee notions generally will
turn up q. it inyoqutsry. 1t will not go down either
in financial, agricultural or manufacturing regions.
How will Lincoln raiae the wind His Congress has
not yet dared touch the mosntous but thorny ques
ton Of finance. By common consent IL fights shy Of
the subject and attends to more agreeable business ere
it takes the apple Of dcord from the PAudoras box Of
ills and bills which It has to do with What row it will
raise to be sure in that worshpul convertible Of snst
cs roundheads aud duuderhsads who will still think
however, that they could whip the worli"-T they
only had the mon,yi