Holmes County farmer. [volume] (Millersburg, Ohio) 1857-1926, 1864-11-10
From the Richmond Va. Sentinel
FROM THE SOUTH.
Erect OF Protracting the war.

Erect OF PrOtracting the war.
FIVE lie not able to command speedy |
peace by few vigorous blows. we are at
least secure of final success by patience and |
perseverance. a much weaker people than
we, dispersed over country as large as that |
which we possess, might, by a prudent
strategy, weary an enemy more powerful
than ours into prostration and disgust at an
attempt at conquest. Napoleon was never
in such danger as when the beaten armies of
Russia were unable to meet him on the
field and opened to him the road to Mos .
cow The Confederate States would have
intimate sources of resistance, and would be |
able to protract the war indefinitely, and to
harrass the adversary into terms even had
they no army to keep Grant at bay, or to
dispute the field with Sherman.
The burden and strain of the war; thus
far, have told with prodigious effect on the
means of the enemy, both of men and
money. OF their scarcity of men we have
heretofore spoken. Their public debt is
now about two thomsand millions so much
has been audited, and is confessed on the
books and in the official reports. How
much true statement would add to this
sum can only be conjectured. This debt is
increasing at the rate of two and quarter
IllIilOUS per udN. lIdl DcllS lllc dUlOuHU ny
which the expenditures exceed the revenue
we are speaking agairr from the official
| figures. At this rate of increase the debt,
at the end of 1864, will be nearly four thou
sand millions.
| Already it is taxing the ingenuity of our
enemies to prove that they can bear their
present debt. The National philadelphia
Almanac for 1864 devotes several pages of
figures to the subject and endeavors to cheer
its readers by a comparison of the United
States finances with those of Great Britain.
1t is customary to regard England as illus
trating at once the surprising ability for her
people to endure taxation and the utmost
= limit to which it can be carried. The
National Almanac states the value of real
and personal property in Great Britain and
the loyal American States at $l2, $780,
600, 900 The public debt of the former at
50, 3,9ll,03l ,0S5; that of the latter in October,
1868, at 81 ,222, 10, $50. The annual charge
Of the public debt in England per capitu is
S4,2j, in the United States. 81, Of. The
population of the British Kingdom is set
down in the above estimate at thirty mil
lions, that Of the loyal States at twenty
four millions, an excessive estimate.
From this exhibit (which might well be
disputed) the author led his reader to be-
lieve that they had not accumulated one
= half the debt and anual burden they would
be able to bear, England being the test
l But grim as such consolation would be it is
no longer permitted to our enemies. Since
!, October, 1868, the debt has risen from
, twelve hundred millions to two thousand
= millions. This increase nearly removes all
, inequality in the amount and the annual
charge of the public debt per capitu in the
! Tni,nl Stotas nnJ (,ront Rritain l., IA
tober lSG4, the people ofthe United States
, had almost reached the limit of cndurable
taxation, the amount per copita being SO
80 while Great Britain with all her exqui-
f site inventions for raising revenues, can
f only give 81 % per head to her debt.
n gloomier prospect presents itself for
| the future. BY the end of 1865 the public
f debt of the United States will have so much
$ increased the anual charge per cajDita will
, be So 63 per head, and at the end of 1866
, not less than sc 80 per head, or fifty per
cent, more than ngland, with all her
, wealth, can just possibly endure.
1t thus appears that if not able to con-
, quer peace by the sword, we can at least
f by patient perseverance in resistance, pre-
, pare bed for our enemies on which they
will dread to lie, and from which they will
. do well to recoil We may learn a lesson,
'la. ~ ,,a. =, - I,;,'c,, - Al. =
cloSo .n1 Wv war IL, p,'e, PJf"u from ;nt
y makes them lull their uneasiness and feed
their hopes with absurd predictions of end
c ing the war in sixty days, and which cause,
n'', .NLn " ,Tn. Tha, 't'"v h ''u ,u'on aI - VI
! 's ,IS' th" r. onJl,, nJiU ouo a,i'i & ~
y La,.o o"'I WI p,r,h;pu nhHn - ~ ~.
navy Nv" 9n' n,' T,a,,V ; i 'l'' ~
y '"I1uI Tr,t ,'oo"l,uu' n s,ou uoood :, ,o,.;.,
."v lily ",a''r WV bo ILL., "na
~ o GniI i ,y"md T ho his frst W u %rau
m ;mt t "t hti L. "oIt W. III a'o m.Ih t - J,uS dt,
uS ;I ,,,'G paI,'us M J ~ "ou,u uo o,, nns' uu'.
, ,H nn an ~ "iIFV va o', umm eoIH H.,
moc we nav wv wtb ro,tiv ;nfror f,rcn cns
n;,,,,;', wv tl an,nf;at s;nJafn;tnI,. aron AZ
forcing him finally to vield the contest w
,s shall n,t hnve to fight for seven wears :,