The New York herald., 1864-11-09
Painful Anxiety OF the Rebels Over tho
Pubic Debtnpf the North.
From fha Rirhp pMpdw

Military glory Is, conessedy the most expensive OF
already realized this truth considerable extent but
their experience Is destined to confirm II degree still
more striking before the end Of this war.
Senator McDougall, OF California, has published very
plain spoken aud because plain spoken very remarka-
Die address 70 MS constituents IN which he handles tue
ner that would have donc credit 70 valandgham two
years ago. He says that by the census OF 1860, the
whole population OF the United States 81 las, ,S25
whites, and that the white population not in rebellion
s 2o,227 900. On the soth Of June next the general
Great Britain and Ireland he puts down at fs00 600
sterling, which, he says makes 1t about the with
pound sterling reduced to federal currency gives
81 S5 cents ana fso0 900 900 thus reduced gives
Yankee debt win be greater that the British debt by
$l,120 900 600.
so much for principal Of the two debts When seen
through the medium OF the interest which each pays
the dsproporon is stll more striking The interest
the British debt three per cent so that it pays but
ga 900 sterling SIG 400 10 the ag
Rregae whereas the Yanke edebt cent inter-
est and from the first Of July next the aggregate
amount will be $500 600 000 that TO say considerably
than dollars and half for every dollar paid In
that way by the English To this annual charge upon
the Industry OF the country, Mr.. McDouga adds 5000
00O 600 the support government on peace cstab
lshment, making $500 900 900 In all This he
raised every year IRON the labor OF the people, for
come from no other source, and Is greater according
to Mr.. McDougal than the annual profits of the ontrs
country "Al aud more than all the profits OF industry
and ENTERPRISE" says he, wl be paid into the pockets
OF government officials and government bondholders
The people Of this country to labor without profit that
carefully examined-that the debt will be S. 900 900
the 30th OF June next and the annual interest $500
Such the cost Of the glory which the Yankees
have got let us see how much OF there according
the authority.
In Florida symptom Of sympathy with the Yam.
KEGS has been destroyed by course OF Lincoln with
regard slavery In Kentucky the Union sentiment has
been entirely eradcaed by the same course Arkansas
is in worse condition than 1t has been since the
battle OF Pea Ridge Ia Missouri civil war is actually
raging. IN Maryland the Union party is haso strong
as 1t was three years ago. and even in Delaware the Con-
fcderate is gaining friends every day The Yankee
arms have gained great victories ESQ says Mr. Mcn)
they have army before Richmond and Petersburg
they occupy Memphis, vicksburs aud New Oreausthcy
have marched victorious army to Atlanta" and yet
says he do hold foot OF Confederate soil ex.
cep such covered by the feet or sodery tue
range OF artillery Truly, all earthly glory unproHt.
Such is the total OF Yankee expenditure in money
and the glory obtained therefor The lives lost make no
pose they matter of great indifference to the gov.
ernment, except in so far as they may ud II difficult
supply their places.
ID connection with this subject 1t is impossible not Ia
place the impending financial crisis n Europe which pro.
10 be violent than any that has been expe.
rienccd since 1925, and far extensive In range
than the terrible revusions OF that mernora BILE
year. Crash after crash among the greatest
houses OF London aud Liverpool has continued for weeks
20 elecrify the commercial world. The convulson has
extended to the uermost end OF the earthto Australia
in the East To Rio Ianeo ia the West. 1t Ia felt in its
most terrific potency near home; in France where the
bank has already raised the interest 20 eight per
and in Germany, where the folly OF dealing in Yankee
government securities lust begins be felt They have
been selling at iron. thiriyvc to forty cents Frank.
fort The earthquake has not yet spent s violence
gone the fu length OF its range II must reach Yankee
dom before II cvaporates. Indeed, these interesting
people would feel themselves sighted IL Il should pass
them over. II would. In their opinion, by dong so,
afford proof that they the great nation they
claim to be- They delighted with anything big even
big debt, or bg defeat or big commercial dras,cr.
SO u be big, that ]. all they for We hope they may
be erathed this time, any how and the inflated chuac.
ter Of their currency renders highly prob that they