The Democratic press. (Eaton, Preble County, Ohio) 1860-1865, 1863-12-03
! PAPER ON
THE GU ES4
TON IN THE UNITED
A axa STATES.
From ne Toronto (CaaAda) Leader.

VtctsiJ tAAs it-'1 NHtt ~ Atsto s"'
rise how ,udGesent we are sometimes to it,
important teachings. Naughty monarchsr
sole ann appears to b the centraliEa
ton oflhe entire machineryOf Goyerumentip
heir own hands, often become utterly blind
the Precebts Of history they east itcDm
behind them. Through all the rani-
f~cations Of life the same truth is clearly dis
We have a very striking ipstapce
the united States Of America al the
moment, Foft~o seaEs aida half
the two sections Of that oace powerful nat
ion have been in deadly st lie with each 9TH
er, q million and hall of men, the bone
and sinew Of the cOantry, have heen trans
ferred from the peaceful Avocntions Of life
those who we're once the great producers Q
the cou Try have suddenly become consur
ers: irredeemible paper money floods the
country; old avenues Of trade have been
ruthlessly destroyed, and new ones, whose
sole object is the destruction Q human life,
been tormed--and vet, strange to say, PEG.
pie ee in this q conditioh of great national
prosperity. Were it the ignorant and
humble who we're 80 far carried away as TO.
mistake the ainsy tihseli and lheretriciOus
glare Of concealed rottenness for the pure.
metal o sognd commercial prosperity. there
wouldbe nothing to call for excismations Of
surprise. But when we find the leading men
Of State induiging in the samo vein OF
bought, and Rhblicly declaring that the
country i mofs prosperous than it ever
YES before, we Sre led 70 wonder ct whose
feet they have studied.ths principles Of pol,
itical economy.
Mr.. Beecher wherein England, dwelt fire.
quently upon this subject Never, be de.
clarcd time and again, was America any.
thing like 80 prosperous as at present. But
as Mr.. Beecher had the honesty to say that
he was not a 6na meier, "but a patriot and .
clergyman only" hi, teachings upon com
erce and finance need not he very carefully
criticised. As he wa upou q patriotic
tour, stirring up the minds Of Englishmen,
Ii, shmen and Scotchmen in favor Of his
conntry's cause, and thus pushing on the
work o emigration, which, alssl is now
only too large, we must not be over saptious
with his political economy. Mr.. Seward
however, is a difernet parsonage. A pat
riot, doubtless, he would call himself, bnt 8
clergyman only he is not; and being the
first Minister Of the Washington Cabinet
controlling II more directly than any other
member Of the Adm;nistration-ve shoud.
expect to find him above the level Of such
drivel as he has been lately INDUCING in
Hear him: I'm the insurgant States. says
this modern economist. "there is not one
citizen who is not the poorer and the more
unhappy for the war. In the loyal regions
kthere is not a State which is not the stuong.
or, MOI a citizen who is not the richer, foi
the same cause.
Every man who Is now a soldier has been
converted from a producer into a consumer.
Did h eltill the field, or work in a factory,
or labor on the docks, he would be doing
something toward the creation Of wealth
and thereby benifting the nation at large
as we'll as himself individually. AS o sol
der he becomes o tax upon the industry .
the country engaged in the consuming, non,
productive process Of warfare. There ia in
this vein Of thsught q fne Geld for the nice
calculations Of the economist; but We mus
pass on to the more practical consideration
of the subject. The soldiers being no long
er producers must be fed and clothed and
paid, not from the result of their own indus
try. but from some other source, What il
ih.t sourcef Mr.. Secretary Chase responds
"~Gfecn6act:' That is the great panacei
"' a' IN" evils OF the country; the magi,
wand which converts the entire States int,
q Perfect Paradise Mr.. Chase has alreadl
issued $500, 900, 900 Of this sort Of money
aud contemplates adding $50, Oo0. 900 to tn
back Of il. Besides q debt Of some ffteeI
/ hundred million dollars more has been crea
t ed since the the val commenced, and yet
: according to Mr.. Seward the country wa
neserin q more prosperous condition! H
must BE- blind ifhe thinks 80. y.
II the Federal Administration could carr
5 on the raj ont Of taxes upon industry, an
! that the coustry still prospered, then III
Secretary of State might claim credit 70
having achieved q wonderful success. Blu
such a thing has never yet been done an
never win. No nation in tie world
however, ever went into debt faster for wa
> purposes than the Federal States. In tw
!, years and a half it has piled up q debt
taking the difference between the rates .
interest into account-hslf as large at leasr
as that Of Great Britain; and that, not alOn
by borrowing but by ~"robbiDg", tho poo
IL N.aN - p 49,. - |Nf a. Il