Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-07-27
CONCLUDED
DANGERS ~ CONNECTION NTH rHE WAR.
Under this head may be mentioned the state OF


| our
| FINANCES AND CURRENCY.
The unnecessary waste Of the public resources
| in the war; the enormous sums expended upon
foolish aud fruitless military expeditions, (some-
! times badly planned and sometimes badly execu
ted and supported and the other enormous
sums corrupted oV unwisely expended in obtain
ing supplies and materials OF war. would. vi
themselves, have been sufficient to deeply injure
the public credit, and to create fears for our fu
ture ability to bear the pecuniary burdens Gre
| ated by the war. Aud what ought To sting the
minds OF rejecting men, Is the consideration that
the general political policy of the Administration
| has been such that it has prolonged the war
by depriviDg Us of allies aud sympathy in the
enemy's country aud frittered away the public
energy upon other objects besides military sue
cess.
In addition to which stands forth the fact that
this occasion of war has been seized upon to es-
tabsh a system OF government paper money.
which has caused tie public expenditures and the
public debt To be half greater than they would
otherwise have been, and introduced numerous
and most serious evils aud dangers into all the
channels OF commercial and business life. The
| crash of this system, and the failure of all the
delusive hopes and arrangements based upon il
is not merely a possible, but a probable event in
the future. The ruin and suffering which such
an event would entail cannot be overstated, and
to avert it. or TO mitigate its force, is one OF the
main objects which should be had in view in
settling our future policy. Upon questions OF
currency and finance We must revert TO the ideas
| of former times, in which alone can safety be
| found
In speaking of financial prospects and future
pecuniary conditions, we do not overlook the fact
that opinions very different from ours are ex-
pressed by the friends of power. But the appear
ances of prosperity to which they refer de
lusive. Production in the country is now de-
creased, for great numbers of laborers are en-
pioyed in the war, distracted from industrial
pursuits.
Increased rates of value press hardly upon
persons of liked incomes, and upon all who are
disabled or engaged in Improbable EMPLOY
ments.
The war does not create wealth but consumes
| it, and Consumes also the laborers by whom it is
produced. Ii devours the product of past and
present industry. and checks tue growth OF pOpu-
lation. upon which future prosperity depends.
| And the inevitable evils of a state of war
! The injury and destruction of material ntererts-
( the waste spoilstion aud irlprovidence that
characterize it are aggravated by profuse issues
OF Government paper money which ncite to
| reckless expenditure, pablo and private, and dis
guise for the time the fearful consumption OF
wealth aud the sure approach OF dsy of suffer
/ ing and re,ribution.
This expenditure aud the accumulation OF
I debts, public and private, cannot 20 on indei
/ ntev or for any considerable time The day of
payment. which will be also the day of trouble,
will surely come Great suffering will fall upon
/ the people. Those who suppose themselves in
dependent OF the rowns OF fortune will realize
the retribution which always follows upon ex-
cess. aud even those wholly innocent of any
completely with financial msmasagement or
other evil features OF public pccv, will be smit-
ten equally With the guilty.
The vast debt. created in great part by profit
gacy and Encouragement, is a source of pro
found an xiety to the people who must pay it.
! aud to the capitalists who hold it, The obliga-
| ton rests upon the security OF the national sbil
~ and honor. But 10 prevent its growth beyond
the point where bankruptcy threatens il with de
-truetion, the folly and corruption which now
waste and deyour the wealth of the people must
meet with speedy and condisn overthrow
rOErIGN INTERVENTION
Another danger To be spprehended under cur
present rulers-one which has been speculated
/ upon often since the war began, aud which j.
/ possible hereafter-is the intervention of some
/ foreign nation in the pending struggle. There i
an example OF such inter, ention IL history
which deserves contemplation by those who
would justly Judge our present situation, and
make provision against future dangers. Our
fathers reSOlted and were -orely chasiISed there
1 for. by their monarch The sword smote them
| ia all their coasts; their wealth dried up.
their cities occunied 10y their foes. their land
! rasaged. -Ihsy seie pushed IA the extremity Of
endurance; they became spent and exhausted by
the conflict. But in their hour OF EXTREMIST
peril, France, at the instance of \ Pennsy lvania
! diplomatist. extended them her powerful assist
ance. and they emerged from the struggle trium
plant and independent Is this war to be mis-
managed and perverted and protracted, until
ioreign power may be induced to assist antag
onist France assisted the revoited coionisis of
third George, Unquesuonably the feeble, change
full. arbitrary and un~ise policy or the Admins
ts.. ton heeee> this measure of interv ention aud
will produce IL II IL ever take place Nor has it,
diplomacy abroad been calculated to avert the
evil consequences of it, action at home That
diplomacy has not been wise. jusiicious and man
". but feeble, pretentious. and offensive Ii
should therefore he one of the leading objects in
selecting an Administration for the next four
years. TO avoid this danger of Intervention by the
selection Of rulers who will not provoke H. and