Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-04-21

Any body who will for a moment stop
and consider the present condition and
prospect Of the nation as compared with
tie fortunes Of one year ago, must be CON
WINGED that the present financial furry
and excitement is wholly unreasonable.
One year sgo, gold stood at l 70. Before
the middle Of summer had been reached it
fen % s. 25. II such fate awaited the
gold spectators at that time, why not
worse one this summer The political
condition Of the country and the strength
and efficiency Of the army are much supe-
rior now to what they were then. Then
then The C0pperheads were jubilant
and fierce in their boastings. They
carried their heads haughtily and prom
ised to sweep the whole North with their
Victories. Bat the people rallied and adj
ministered crushing blows upOu the inso-
lent erests of the whole tribe Of Copper
heads. Then the Government was endesv-
oring to accomplish loan Of FIVE hundred
millions from which capitalists nervously
shrsnk swsy. But the people sgain came
to the rescue and soon took the entire
amount, thus becoming financially inter-
estsd in The preservation Of the Union.
Then foreign nations were insolent and
naughty and there was danger of foreign
war in edition to the rebellion.
Ali this has changed, and the most pa
eihc relstiOns now exist. There is no ne
oessity for foreign war. Then the ma
tiOn was labOring under grest depression
owing to the closing Of the Mississippi,
our defeat st Charlottesville snd strug-
gle Of painful, prOtrsoted dOubtfulnsss
Wsged in the Southwest. The brilliant
campaign Of Rosecrsns and Grant follow
cd and restored public confidence.
Now we unhesitantly affirm that our
present position and militsTy prospects
are better than they were one year ago.
Why then the want Of public confidence ?
The answer is plain. Because Congress
has not boldly taken hold of the financial
problem. The adoption of 3 vigorous sys-
TEN Of taxstion is needed to restore pub
lio confidence. As Secretary Chase de-
elsres, half the expenses Of the war must
be met by taxatien. Taxation, if the peo-
pie properly consider the subject, is not q
burden. The want Of it is far mere to be
drssded than the imposition Of 3 suitable
tax. WithOutit greenbsoks must deprsci-
ste more and more. Taxation is nothing
but MISREPRESENTATION. Preservation against
the worse calamity Of bankruptcy, it should
bewsloOmed ss the one thing needed in or
der to re-estsblish public confidence. a
military disaster is not fatal. Good for-
tune follows in the wske of bad military
fortune. But financial ruin cannot be i'm
B4irsd BsoiEiva la1isintian II alone need
ed. A strong Tax bill; bill driving al
The State rags out Of the floating currency,
thereby reducing the imitation at least four
hundred millions bill Strengthening
our armies bill giving ample proteo.
ton TO the freedmen and free industry
bill giving Grant command Of unlimit-
Cd resources Of the country these bills,
constituting the decisive legislation for
which the country now suffers, are sll that
is needed to re strengthen public conf
denos and set gold to tumbIing down to
grsenbscks st rate alarming to ell the
blOod.suckers thst are feeding on the life
blood ofthe nation.