Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-09-29
Z ORGAN OF THE BRITISH BANKERS AND STOCK
JOBBERs on THE AMERICAN WAR.
FROM the london ECONOMIST.

FROM the LONDON EcOnO INST
The sacrifice OF lie us well as OF property in
this American rebellion. thus far has been liter
ally enormous, ana uneqnaled 10y that of the
blOodesC European wars. Oh the $50 900 or 600 =
600 men who had been raised by the Federals
since the commencement OF the conflict, it seems
certain that 80. 900 have disappeared; and if we
make every allowance, not utterly diSsraceiul
and incredible Tor those who never joined at all.
but whose pay had been egulariy drawn, for
those vino have skunk away as occasion served
without any formal discharge, and for those who
on various pretexis eNade duty, the number OF
dead, slain and disabled must stl be irightiui.
Ii to the Northern losses we add those OF their
antagonists, there can be little doubt that at least
ten times as many have fallen in one short year
in this fraternal butchery as killed in the
field or died of their wounds out OF the British
army and navy in the whole Of our NapOle0nic
wars-whch lasted from first To last for wenty-
two years; probably four times many fell ON
both sides during the bloody campaign OF Sole
rino and Magenta; and neariy many as Russia
lost during the hole OF the Crimean Nor
need we be much surprised at this. Since Napo-
leon's time the destructiyenesS OF implements of
has been incalculabiy enhanced; the com
batantS are of Anglo Saxon race and have
fought with both fury anu tenacity; and have
been handled with singular incompetency, and
.
ficers by the lavish bravery Oi their men.
The next point that seems clear is that all the
profuse waste OF life and treasure has not brought
either party nearer 20 success or 10 an accommO-
dation The ierrib e slaughter in the last Italian
campaign startled both Emperors into sobriety,
and the hasty peace of Vlairanca patched
up after three months Of fighting In America
the loss OF 800 600 troops and the expenditure of
f300 900, 900 of money appears only TO have
4 hot. Ii
exerlions more logged resolution, and more Zero
cious animosity Every utterance either side
implies that passions have reached pitch ut
which the parties themselves can neither see
plainly, nor think nationally, nor feel Gecently;
they are blinded with blood and dust, and mad
dened by pain and anger; TO pause or hold their
hands would seem to be complete an impOssi-
bility as to pugists in the hight OF their encoun-
ter Ii is for the bystanders and mutual friends
to say to them what they really can not, from the
very bewildeI ment OF mutual fury, say to them
selves Without the good offices of Europe. the
prospect of termination OF the strife seems hope
| less.
For everybody in America seems to have abdi
Gated the capaSty of reflection. Let us consider
| for moment the arguments and the advice of
that party which has apparently the most distinct
aim in view and the most distinct policy to re
commend They believe that the North has
failed hitherto, from half observation-disclosures
the Government has refused TO adopt emancipa-
ton as its war cry. They try to persuade the au-
thorities TO proclaim at once freedom 10 all the
Southern negroes, and never entertain moments
doubt that such a line OF action would paralyze
and subdue the Confederates at once and termi-
nate the war triumphantlv. Now-passing over
the questionable wisdom and practicabilty OF
changing by single and sudden act the en-
tire social status and individual necessities OF
four millions of ignorant and very helpless crea-
tures-passing over the republication of enmity
which such proceeding would cause in all the
slave States, and the compusion il would exer-
else on all the border States, Kentucky and Ten
nessee especially. to fight tooth and nail against
the North--what reason is there to believe that
it would bring any material accession of strength
to the one party or any efiectua mischief or par
alysis to the other9 The idea proceeds upon an
assumption for which we have never seen title
of evidence, and which the whole history of the
war has contradicted. For an emancipation
proclamation to do either the good or harm ex-
pected from it the slaves must be in chronic
state of readiness TO rise upon their masters, or
at least to throw off the yoke and strike work in
a body. They must hate the Confederates and
love the Northerners Why should they do the
atterl What evidence have we that they do
eithery Under no circumstances could an aboli-