Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-09-14

the pretensions which were ascribed TO IL.
The Americans rushed into the war as reck.
lessly as any nation could have done. The
peace party among them never obtained
any thing like such hearing as was ac-
corded to our peace makers at home. Every
offer of arbitration was rejected with the
fercest contempt. They are conducting
their war with such incredible prodigality
that observers used to the extravaganza Of
camps and campaigning are astonished at
the spectacle; and, TO complete the picture,
they are providing for this enormous outlay
in the most improvident and costly fashion.
Being unwilling to tax themselves, they re-
sort to borrowing, and are raising loans at a
rate which will coon make their national
debt one of the heaviest in the world.
We can only hope, indeed that policy go
recklessly adopted, may soon bring with II,
as an unavoidable consequence, the termin-
alton of the strife. If financial embarrass-
ments should furnish the surest road TO
peace, the sooner they are experienced the
better. We can assure the Americans that
war is not likely to become cheaper, nor bor-
rowing easier, as months pass on. The course
of such things is very different. Each
campaign opens new fields, absorbs new
armies, and creates new charges. The
great ball of debt, when once set
rolling, will gather and grow till its
dimensions outstrip all speculation. In
our belief tie forci6Ie subjugatjoR Of the
| South ,pould prove hopeless task, even If all
the States Of the North poured their a0edlth un-
| spdTingly 5nto the Federal E1chegueT, but il
thty attempt to defrGy its accommodating charges
| scith money borrowed at seOen per cent, they
tUiH find themselves engaged it an expenditure
Schich no country in the sorld could eUer sup
| port
The party dissenslons Of the North seemed
incurable, and probably no man in Americt
| believed that Democrats and Republican,
would rally round Mr.. Lincoln to reveng
the insults to national property. AS for vas
armaments and regular warlike estimates, i
was against all probability that practica
| and commercial nation wOald ever endur;
them. Every one of these suppositIons, anC
even the reasonable presumption that re
verse would wound the American vanity Il
the quick, and raise a clamor for reveDgu
throughout the North, have proved to be un
founded. Warned by this lesson we are no
rash enough to frame any hypothesis con
cerning the errstic orbit of TransatIanti
revolution. The last returns Of the import
at New York show deplorable state of com
merce, but we can not pretend to say tina
this will have any effect in staying the pro
gress Of the war.
We hear of waste and peculation in tht
military establishments so great that eact
soldier costs the United States twice as muc
as our own, and each volunteer great dea
more; of a total expenditure of 100000
per diem; of frequent desertions, and of muc
ill-feeling between the two branches OF tn
army. But the advocates of peace ca
scarcely get hearing, and, judging of tn
future by the present, it will not surprise u
if we live to hear our cousins boasting ths
their Budgets are the most exorbitant an
their National debt the biggest and the mos
rapid of growth in creation.