The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1862-02-07
From the New York Tribune.
Finance-War.

In our Judgment, this republic isnot nearly
so deficient in pecuniary resources as In states.
men-not so lacking in means rs in faith, and
in thar wherein faith may be safely reposed. III
It we're this day believed that q Napoleon were
welding the military sources OF the Union
(mind VIC do not say that there Is not, land that
his counscls were not married by treason, oil the
money our Government wants would DC prompt
ly supplied.
What we need Is q general conviction that
the war Is near its end. We believe 1t is, anu
arc certain that IL ought TO be.
We have now not less than half million men
| under arms. Most of them have been in camp
for the last four to eight months. And they
have shown at Carthage, Wilson's Creek. Lex
ington, Belmont, Balls Bluff, Port Royal,
Drainsyille and Mill Spring. that they will not
only stand fire, but that most Ut them will fight
like heroes.
When this struggle commenced, We needed
arms, munitions, clothing, Gunboats-in fact,
everything. enow have them all ishard-
IL probable that our superiority In the material
OF war will be greater in tho future than 1t now
is.
All the world Is naturally anxious that We
should 60 into this war In earnest and make an
end of il. Our volunteers are eager to fight II
out, and be at liberty to 60 home to their famil-
les and their business. And We believe our
Government and our leaders are intent on spec
dy and decisive fighting.
But the Treasury Is embarrassed, just when
il should not be, and our legislators are melit-
ating the desperate resort of making irredeem-
able paper legal tender. IL that must be, II
must; there are worse things than depreciat-
cd currency; yet we believe that might be
avoided We are confident IL would be IL the
Government were to make stirring appeal To
the people for patri >tic loan of two or three
hundred millions, with an assurance that this
should end The War.
Everybody wants peace. Nearly every one
| has faith in the abity ofthe nation to put down
the rebellion with its present means plus two
hundred millions of ready cash. Every one can
see that, IL the rebellion were crushed, every
dollar of our public debt would be worth
premium. Then why not call on banks, insur.
ance companies. trust companies, capitalists,
business men, farmers, mechanics, every body,
10 lend the Government all their ready cash and
put the war through on the means thus contri-
buiedi
Bear in mind that we have not our yolun.
tcers TO rase-they are nearly all In the field
already. We have bought our arms, made up
our clothing, built our vessels, purchased our
horses, and made ready for fighting in every
way. Within few weeks, the terms OF service
Of the rebel soldiers generally expire, IL We
cannot beat them before the sckly season sets
in at the South, the prospect of our ever doing
IL will be poor one. Let US put up two hun
dred millions in cash-half of il TO pay of the
floating debt and the residue to be used in
straightforward, immediate fghting-and we
can know to certainty By the LIST Of May
whether the rebellion is to be put down or to
triumph. And il il shall ut any time become
clear that II is not to be put down, every drop
Of blood shed in the prolongation Of the con-
test thereafter will be murder.
We firmly believe that our people, properly
agent to receive and forward subscriptions,
would fill up patriotic loan Of two hundred
millions wherewith TO finish the war. And we
believe further that II such loan would not
enable our Generals to beat the rebels, there
would be no use in putting Ave hundred mil
lions more on the back OF it. IL we are not
ready for decisive fighting so soon as the wealth
CIR and the roads shall serve we never will be.