Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-06-04

Many careful and prudent men look
upon the increase Of our national debt
with some foreboding. Let Us examine
the whole subject fairly and SEQ if We are
not only able to pay our present, but any
reasonable further deb. that the sxigen.
cies Of war may compel US to incur, and
that the payment will neither be d,ficul.
nor excessively onerous. LIE. US see
what are the facts. Unlike an individual
who is unable to count with certainty up-
on increased ability to pay in the future
the debt be contracts In the present-thi,
couetry IS sure to increase iE wealth and
population. 1t appears from the census
returns, that the increase ia the value Of
real and personal property in the United
States from 1910 to 1850, was from three
thousand seven hundred aud sixty four
millions in 1910 to six thousand one hun.
dred aud seventy four millions in 1850, or
"a per cent The next decade shows a
st'Il greater advance in general prosperity
and riches. For in that period the Weld
of our gold mines, the extension OF our
railroad system and consequent. opening
OF new fields for agriculture, our large
immigration, and the stimulu, given to
every branch Of manufactures and ina
mechanic arts raised the national wealth
from six thousand one hundred and sav>
enty-iour millions in 1850 70 the enor,,ou,
aggregate of fourteen ,.ousand One hun.
dred and eighty thr,e millions in 1860, or
Ia per cent, Of which ten thousand seven
hundred aut sixteen millions was owned
III the loyal States. Is there any good
sea'on to believe that we shall not con.
.inoe to prosper as we have done-except
from he chances Of war, which can only
modify and not change the character of
the answer TO the question that the ma.
ton will no: continue to nearly, if not
, quite, double its wealth every ten wears
| Tor several decades to come? We have
but jus: begun to work our gold mines,
and the vast body Of our other mineral
wealth is still ondeveloped. We have fer
tile lands enough for an empire, that the
pillow has never touched, aud it is only in
this generation that science aud art have
ialrly begun to open the doors, and shp W
| the way toward. our future material
greatness.
But experience Of what others have
done. will hestte,i US what We may right.
fully eXp-ct to do. Let Us compare our
| position with that of Great Britain during
one OF the gloomiest periods of her finan-
cial history. At the end of her crea,
wars in 1916, her wealth was estimated a,
ten thousand four hundred millions, (S)
and her natlona! debt at that time was
four thousand three hundred millions, or
more than Al per cent Of her entire prop
er'y. In 1851 her property was estimated
at thirty one thousand five hundred mil.
hons while her deb. was three thousand
eight hundred and ninety millions, or was
charge on the property of the country
Of only abou. II per cent 1t needs no
argument to show that the ,ce,yat Of the
burden of this debt now is but one third
what it was when contracted.
We do not wish to deceive ourselves on
either side of this question Deb, is al.
ways bad enough, but We should look the
facts square in the face, and accept what
ever deductions We have RICH, 70 draw
from them a. truth. In spite of the war
we believe the Northern States are a.
rich to day as they were three years ago
Such demand for labor WAS lever begor.
known, and never before was it SO wei
paid. War destroys. but orr hand Ct 10
dastry has never for moment ceased ,c
| create, and the creation will more than
balance the destruction. Large as oul
losses o! brave and gallant men have been
the population OF tie country has steadily
increased; and unless some scourge suct
as never visited nation should come up
on us-unless we should be utterly de
s;royed, or dsme mhered and broken &c
pieces by yielding to this demon Of scces
sion here is no human power that Car
arrest our continued progress and devel.
opmeut. All wars hare ended az will ours
Let US hope that It may be soon; bu. whes
1t is ended. and tIumphant'y as it mus
be, tnis country is bound to take posi-
ton in population, wia'th, and vigor ,ha
will make its debt 80 small in proportion
to its wealth tina: the most t;mid man vii
laugh at the fear that may have once owe,
cloudei his vision --Ncw Yorker.
| - . . -
We clip tho following from commu'
nication from an officer stationed at Siou,
City, to the Statesman, though We by nc
means endorse what is said in regard to
Dakota, we, nevertheless, approve hi.
appreciation Of our town, and thoagl
evidently Il copperhead, from the tone 0
aportion of his letter, we admire his goot
taste and judgmen. when called upon t.
pass on the merits Of people and things
Some Of tho land sharks of Dako,,
Territory have been east during the pas
winter for the purpose of inducing per
| sons to enigra,e te that God forsaken re
gion. / am sorry to say they have sue
ceeded so well that colony Of over on,
hundred families are en- route from Syra
cuse, N. T., to this land which they hav,
been made to believe FLOWS with mill
and honey but which is, in reality, on,
Of the most barren, inhospi,abls region
in America. With the exception of
small section Of country in the south. ives
corner OF the Territory, the land is abso
lutely good for nothing. Last year III,
only running stream in the Territory wa
the Missouri. which contained about til,