Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-04-07
! IL cnmrnirn Reforn d.


along the military horizon is soon to give
way to the bugle blasts and loud thunder
Of war. The weather Jet prevalent where
the largest number Of our troops are col
lected together, renders military movements
impossible. Bat few weeks longer will
produce q marked change. The flowers Of
May will no sooner hs7e come, than will
their fragrance be sxbaled over the newly
made graves Of our fallen braves. But
few weeks more and the legioBs of Free
dom snd Bsrbarism win once more Crap
pie in the terrific encounter for life. There
is no power OF human vision which can
penetrate into the future SO far as to pre-
dict the full results either Of cverwkelm-
ing victory or overwhelming defeat. It is
evident however, that the most perilous
passage Of the Ship of State is yet to be
made. We ara slready rapidly apprOach-
ing the most critical period in the history
Of the Republic.
Itisby no means certain that the suc-
cess Of the rebels during the coming sum
mer would induce the people of the North
to yield the struggle. On the contrary,
theirspirit of united and resolute kOstili-
ty to treason and disunion is such that
not even reverses would make them aban-
don their purpose. There is no possibility
of the rebels msintaining anything more
than q dsfasios war. They can never
compel the North to relinquish its hold on
what is already in our possession. twill
be long ways hence, even in the event
Of defeat on the part Of the North,
before the people would sbandon the strong
fortressss on the Mississippi which have
been Won BY the valor Of our arms and
which sre essential in order to insure the
free navigation Of that noble river. The
Slave States Of Arkansas, Maryland, Mis-
souri,, Tennessee and Louisiana are al
ready under our control, and by their re-
cent action, preferring Freedom TO SlsVe-
~, they have linked themselves with the
North. The cities Of New Orleans, Mem
phis, Little Rock and Nashville in the
West; Norfolk and NeRberne, in the East,
ara in cur possession and no one can con.
ceive Of day near at hand when the PEG
pie will be ready to sbsndon them to an
implscsble and barbarie enemy, such as is
in the South. Even Though political
party pirate Of peace while endesvOring
to get into power, once in that power it
would never dare to imperil itself by such
mstchless cowardice as to abandon the i'm
mense territory our arms have conquered,
to monster, howling with fendish delight,
for the revival Of all the cruelties with
which the land was formerly afflicted.
Disastrous reyerses might therefore be-
fall our armies, but not defeat. There
might be an interlude Of vexed negotis-
tionscn the accession Of 8 new Administrs-
ton, but the abandonment Of sll that our
brave soldiers have won, would be the ut
so-- so--a.st--sss.--.aaIep party in power.
But there is another feature to be coDsid-
cred. What viii be the results Of success,
Of triumphant victory2 II Richmond is
captured, Lees army defeated and Atlanta
won by Thomas, Johnston's army being
Overthrown, the most stupendOus financial
revolution viii ensue the world has ever
known. Whether the defeat Of the rebels
be gradual or sudden, one of which must
be, the greatest conseq uences will follow.
At present men are crazy with speOula-
ton The desire to gain a fortune while
tits possible, has taken possession-Of all
classes, Properly of al kinds is enor-
mously inflated. Railroads and merehan-
disc have been blown into huge bubble
which is likely ct any moment to burst,
leaving the men who are counting their
great riches, very poor men. Four-ffths
Of the expenditures Of the Government
would Immediately be cut off. Ware houses
full Of srmy clothing, wagons, cannon,
smbulsnces, ratiOns, &C., would have no
market. The men who made large for
tunes By the rise Of merchandise on hand
st the beginning of the war, will find them
selves in the possession Of an immense
stock which has suddenly deprecated far
below its cost.
Half million of men would suddenly
be thrown into the labor market. stsgna-
ton In business would ensue, until this
large surplus could be absorbed into the
regular channels Of trade. Hoarded gold
would come forth. Government stocks
would suddenly go up, being in immense
lemand BY foreign capitalists. Railroad
will tumble-eoal mines-gold
mines, copper and silver mines, thousand
,retty bubbles, would all burst Trade
With the South would begin again but uD-
Ter new laws of trade and new conditions.
The coming campaigns are therefore
irsught with immense significance. The
'Ountry feels it. The rebels know 1t. We
AVE very large army. We have tried
GENERALS and soldiers. We have q right
Gus cause. We have every promise Of
uccess. Watch well the issues Of each
lay, snd have faith in the Republic.
rhe Presidential Policy Ofthe COpperheads.