The Goodhue volunteer. [volume] (Red Wing, Goodhue County, Minn.) 1861-1864, 1864-06-22

and they relied upon the Withholding of sup
plies for the success of treason. This was
deemed by US, at first, a great calamity, for
Americans themselves were ignorant Of
their own power; but that which seemed
SO much an adversely has proved to be the
greatest possible blessing-a blessing not
only fully charged with present good, but
endowed with the power Of conferring So
curity upon the future.
We suppose that, in tho natural course of
things. certain quantity of federal stocks
have found their way to European markets,
but that quantity is limited. and it may be
state in general terms that the federal GOV
ernment owes it's owr people for all the
expenses Of the peoples war for the pres
erva'ion Of their nationality. The effect of|
this fact upon tho future of the nation isl
not to be lost Of in any speculation touch
ing nations future. The people feel that
An enormous national debt is accumu)ating
which is burden herd to be borne by the
present, and by many future generations.-
Many indulge in the gloomiest :orebodings
in regard 70 this debt. but they should re.
member that there is great difference be
tween paying interest in the country and
paying interest out Of it. The story Of the
two Yankee boys who, finding themselves
shut up together in room, ma 'e Ave dol
lar" apiece By swapping jack knives before
they caue out, does not illustrate the point
exactly. bet this is clear, that II there was
no money made by their operations, there
was 30 much aggregate wealth in the room
tat the last ~ there was, at the first. The
country Is no poorer after paying hun
dred millions Of interest. money to its own
people. than It was before the taxes were
collected out II which this interest was
paid. Tho wealth and resources Of the
country are not reduced by the amount Of a
penny. ..r..s :..sx+ -. r
If We should come out ofthis war owing
= thousand millions OF dollars to European
capitalists. and should be obliged to pay
sixty millions year to them IN gold, as in.
forest, this wouid constitute heavy and 4
most exhausting drain upon the rational
resources; cut il these millions should be
disbursed among our own people, they
would 70 enter immediately the cbanuels
Of industry and trade, to assist in the work
Of raising the annual levy. We can, there
fore, ask for nothing better than that nc
foreigner will accept oar national securi
tiles, for every million OF dollars held abroad
takes away from the commercial and pro
!ductivs power Of the nation. II. in IL.
lcourss Of events, We win the success which
1 Iweexpset to win. Earopeaa capitalists viii
speedily and greedily b after oursecuritis,
..Iand Il would 10 great inancial calamity
rIto rs. sA s3ssss.sss's @. - s,.e. s2
7 We are not among those who look doubt
I.ally toward the financial future Of th.
.Ieountsy. The aact thst our national deb
: Iis alt held ct home-is It once warrant fo'
The stability Of the government, and tht
prosperity Of the people, Disruption and
|repuditior are universal disaster and Yuin
!, while agovsrnment firmly upheld and tax
lss puncsual,J paid on securities held by ou
ovn people, a-e safety and assured prosper
i Iity.
Al ths natior has to do Is to sstits iii
: Il So. SRse 81 - -