, 1862-10-31
THE PUBLIC nEBF-TAE PROS
F1RICT..

The exposition Of the national tinances,
recently au u:horita1ive]y made in the Ne.
York Tines, showing that tue outstanding
Obligations Of the Government do not ex-
coed six hundred and sixty millions Of dol
lars, fails ikea wet blankctupon the whole
tribe of semi-secession orators and newspa-
per writers, who hare, for months past,
been insisting that the Republic was al
ready bankrupt; and that, by sheer inabil-
ity 10 carry on the war, peace must be
made. They have only proclaimed that
for the realization Of which they arc work
ing with the industry and zeal worthy Of a
better cnuse. We have all the while known |
that when they put the public debt down
in sums ranging from 81 200, 100000 to
$4,000, 600, 900, they we're exercising their
Imagination, not rcclting facts; but being
without the Treasury returns, we could only
venture upon general denial. With the fig
1lres nov before Us, we can heartily ycongratu-
late tue country upon the consummate skill
with which tic national finances have been
managed; and we can assure all doub.ers
That the ability Of the North to carry On
the warrior three years, even at the present
rate Of expenditure, ia almost unimpai1ed.
We presume it is true that in money-xc
mean gold-in all the material things which
constitute national wealth, and in general
capability Of continuing The contest until
the REBELLION is put down, the country is
richer to-day than when the war began
individuals are nomina]lY poorer, because
the prices Of real property are, owing to
the unsettled condition Of the country,
universally depressed. Men hare land
as they had it before, bu. the arbitrary val
uation is less. The fact produces cu1bar-
aF6mcnt ard in some cases distress; but
the ability Of the na.ian TO do and to en-
durc is not materially lessened thereby.
In what pays, cquips. feeds and transports
men in armies, the Republic has suffered
no loss. W1th open ports and IN active
commerce, with abundant crops and
brisk and remuncratiye forciga demand
therefor, with full and profitable employ
mcnt for labor, and with domestic markets
which grccdly absorb all its products, the
ircrasc Of wealth for the last eighteen
months, has, despite the enormous waste
and destruction which war entails, aud
despite the abstraction, from the Industry
Of the country, Of nearly million and .
half Of men, been steady, and to every pa
triosic man exceedingly gratifying. Til
distress that was to fall upon the Nortl
according to The Insane vaiciaations Of tn
South, in the event Of war, has not bee1
observed; the grass that was to grow il
our cities, has no: yet begun to start; ant
bread riots that were to make propert,
hasten to put an end to the war, Lay
failed to come off Us advertised. Til
North is IS lar from the ruin ths
was 1urctold, as the South i
from that prosperity that was SO confident
~ expected While the resources Of til
one a1c caily increasing, the substance {
the other is diminishing; and though on
lazy pro-s1ayery generals n,ny do nothin
more than keep The armies Of the enem
In the field and 1t bay, the victory for tt
Union ii sure. Another year viii, iffo
eign Intervention csn be avoided, cause
collapse at the South which no shin-pls
teEs Of the rebel government no promis
ot their generals, no depth and intensity
hate among the masses can restore. Y
may then confidently announce, that Il
victory is already won. We wait but 4
: fullneas Of time to gzaspit-
Such Is the outlook, If partisan fury
the North docs not mar it. Should {
country fall away from the support Of t
President by sending to Washington
opposition Congress should the party Il
now secretly favors Tie South, and opez
deuoumces The Government Of the Nor
win q place il the management Of natior
afaars, % thss the efforts OF the loyal N
would be countcrsct ty opposition
hc1ne, the prospect tia: now Is SO che