New-York daily tribune., 1862-10-07
North and West were to be split up into a

dozen republics. into none of which shOult
pestent New.England be admitted. All thes,
insauities were the deliberate expectation O.
the South. If the British nation did mol
actually believe in their realization, its time
serving and corrupt press, with few excep
tions, was so completely bought with money
to advocate them, that up to this moment il
is active in insisting upon them as truths
which time will yet establish. Thus, both the
insanity of the South and the infamy Of the
British press are patent 10 the world. The
latter is among our keerest disappointments.
On the other hand. this picture has its color.
ing of disappoin:ed expectations for the North.
Wo were sure of being in Richmond year
ago. but who now will venture to predict the
dly Of its occupancy Tie Mississippi was to
be speedily cleared Of the rebellion, but rebel
Lon slll obstructs its navigation. The North,
confessedly overpowering in numbers, wealth,
ard materials for war. was able to crush tie
rebellion at blow. Bat the rebellion has lin
gered on to this time, developing vitality and
energy which it now appears were to he ex-
hausted rather than crushed. la many OF our
Generals wo have been sadly disappointed.
We Lave gained great victories, whicb, we have
been mortified to fnd, were not promptly fol-
lowed up 10 decisive results. We have suffered
terrible defeats, followed by lopg periods Of
most unaccountable inactivity. Our dead aud
wounded are inconceiyably more numerous
than We expected they would be. A year ago
the nation was almost panic stricken at what
was then the financial prospect. We have
been compelled 10 raise an army five times
greater than at first we believed would be
wanted, and to contract debt Of propor.ioDate
magnitude. 1t wns hoped that the rebellion
would destroy Slavery. bus we now see that
the end is sure Once We feared for the Re-
pullic; now We know that ii is safe.
As Southern trade and commerce have per-
ished, so those of the North haYo been slim
ulated bey ond all our expeditions. While the
war has impoverished the South, the North, If.
not grown richer, bas certainly rot become
poorer. II is the Government tat hGs incurred
a debt, not the people. For year pest there
bonds Of corporations winch had Beorly dropped
out of sight are Iampsn. at tho Stock BesFd.
Almost every good security is above par.
War never saw the credit Of the Government
at 80 high figure, even when its expenditure
were but fraction OF what they are a. pres
ent. Labor is everywhere in demand; crops
have been abundant. aud arc needed abroad;
money 1as never loaned at i,wer rates; CON.
merce is more active than ever. without q
single Rebel privateer to deprsJate upon it.
These facts involve world 0f expectations
which have not been realized. 1t is plain that
IN some pelnts We have been too sanguine, /
and cn Others too desponding. Sixteen months
II active war have instructed, tanned, and
iobered us- The North believes that The crisis
ias passed, that tho worst is over; and ren
who year ago were tmd and impatient, are
low coufdina and courageous, ccrsient to wait .
n settled calmness for that hurry end which .
heir judgment assures them is alVsady begun
Il other expectations have been disappointed
his at eust seems safe beyond contingency.