Council Bluffs bugle. [volume] (Council Bluffs, Iowa) 1860-1868, 1863-02-25


! - - ~ nnmnwnss..~l
j iitlls evar sightssa monsks ago an |
pktsa seszies d Oansrss wa6 convened,
q vhioetime our coustxy wAs out Of
es, L, treasury MS oil, asa trade and
slpmsree wss y ! highly peespssoas
sandision health was universal, the bar.
vest was sbaadsas, faii graasrisa pleased
svery farmer and his Aeids we're covered
with cattle and othsr afnck. But aow hos
changed 10 the soeas Which 10 presented
70 our visw, and who IL 70 blame for this
ruiaoas ehanges The prssass Adzaiais-
sratioa i 10 blame. u lad charge OF
Of publie affairs and mighs hare saved
the country, u Il would, from all the
woes which hare hefalien Ii. Tbs Ad-
miaistrasion Kissed II al propositions of
eompssmass, Dragged over its resources
and ability 20 conquer shs sssediRg
States, and boaatsd Of ita power 70 si-
lsnos all opposition 10 its measures In
the norsharn States. Il attempted 10
overawe ell msn OF intelligence and hon
esty who desired 10 advise them as to the
proper course to be pursued, an It's ssi-
ding msnials attempted to silence all
objections 10 ita policy. by the cry Of
traitor against the ohjeeaOr. 1t snforeei
it, sdiess by overriding the Constitution
and violating the personal rights Of indi-
vidaals, and il has robbed, plnndaged
and stolen from the pablo treasury un-
der the assumed cry Of superior patriot
ism. 1t has isyisd tariffs and pied taxes
upon TAXES noaatain high, and pronunced
10 sssasoH to objses 20 the amount Of tax.
IS levied upon the people. Il bias issasd
its sslsgal tender" notes end ARRESTED
men for refusing to receive them, and al
this has been done in the name of patri,
osism.
/ The people are beginning to under
stand What Is meant by patriotism, wheE
applied TO or Black Republican Adolf
ton rulers, and they now see when it i
too late, what great error they commit
ted in submitting to all the proposition
OF the Administration without examin
alton, argument or opposition. The PEG
pie are nov in the rsaecting mood-ths
are prepared TO take ga sober seconi
thought" and in order to arrive at
satisfactory conclusion, Nd lay befor
them the following, which we clip iron
the New York World:
Sour people have been misIed By
fanciful and foolish analogy betwSel
their country and Great Britain. Be
cause she ran up great debt in her grea
continental wars, and has been able /
carry the load, IL Ia inferred that ws NAV
without ruin, rival her in piling uo bar
d1ns for posseriEy. A eorresponden
sends as the following estimates of ID
comparative pressure Of the English an
American debt
my atteatien was called to this sub
JeeS over one year since aud then mad
an examination into the English debt
having been taught to consider il a deb
never to be paid, and feeling great soli
eiEade that we should not, BY Overlook
ing consequences, run into the same 0
, worse condition. / found
SCI. That the English debt in ls6
was little less than E900, O0O, 900, o
about 81 ,5oo, 000, 0oO; that the value o
English property subject 70 tax was i
1858 about . Il, 200, 0O0, 900.
-. That the free States (of the Uni
ted Stasesl }, according to the ceneus O
1860 ths assessed catss of property wa
keal estate, S4,547 .l92, I59; persona
property, 81, 993, 666, BIS; total beinl
d, $40 BAT Ala.
"S. That the interest laid BY Euglan,
is less than three per cent. If therefore
we take 80 as our rate Of interest, an,
our debt at 81 bon, QUO. 0o0) one ihou
saad to- hundred saiLli sss and no sen
Slhie man wiil think ut less1 our debts i
Gov three times as great as England
In proportion 10 capital and interest paid
and If, as Mr.. Spauding alleges, ii vii
require 81 so, 634,3I5 Is to take "a
through 1864 TO July |, it will add enough
TO make the debt of the United State
practically ssreu times that Of England
without a change Of system W. ar,
probably 50 near national insolvency tha
we shall be compelled to patch up peacD
OF some sort before the expiration of til
year. The present system was not con
structed for Duration; 1t can not posi-
bly, carry as through long war; the lon
ger 1t is continued the worse OF we shal
be. II the bill now before Congress
shall pass, the currency will become NOR
and more inflated for the ensuing four OF
five months, when the finances aud Cd,
war will probably break down together
| and the inevitable contraction that vii
follow viii ruin the whole commercial
and creditor classes. The financial pros.
Pect is even more gloomy than the mil.
isary."
MkAREM0