Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-01-14

tenn Of finance. The latter problem they
hope successfully TO solve By alarming the
nation the accumulation Of great debt
which will speedily plunge the country
into a sea Of bankruptcy. Those Demo-
cratic journals which have been most in
league with JEFF. Davis have already be-
gun their new crusade, and as they intend
es to make this an occasion for alarm. We
propose to inquire into the necessity for
30 great fears.
ssi- These slarmists who are moresnxious to
maintain the value of rebel currency than
sEs cur own, content themselves with massing
-s--rsaas together huge numbers, and after con-
structing their pyramid of irretrievable
ruin which the nation, they say, is build-
a se ing, they sneeringly ask how is such debt
ever to be met. They do not stop, in their
predictions Of ruin, to consider the mag
s,s- nihcent capabilities Of the Republic
That the very loose style of reasoning
$50 from the seeming snalogies furnished by
n other nations is a very poor one is evil
dencsd by the fact that we have thus far
survived the gloomy vaHcinsdons Of all
sssa theseprophets Of evil. Ia spite of mslici-
sss Gus attacks Of foreign sympathizers, and
50 the traitorous whimpsrings of many Of our
t-s ownpeople, the Republic to-day, in the eyes
81 Of the civilized world, stands known, hon
Ored aad respected and even feared in
every land. These prophets Of coming woe
are fond Of foretelling ouc financial ruin
by simply declaring impending bankrupt
oy as the inevitable outcome Of such gigsn-
tic displays ofpower as we are now exhibit
ing to the astonished world. Let him coz
slider few facts.
ss The territory Of the United States is
larger than thAivf Europe. Il is COM
@ yuoIed together by lakes, canals, rivers snd
an endless network of railroads. We have
no distant colonies to defend; we front on
the two great oceans our climate is tenn
peraie To use the language of Mr.. Robert
J. Walker, no empire of contiguous ter.
ritory possesses such variety Of climate,
coil, forests and prairiss fruits and heher-
30 les, animal and vegetable, mineral and ag-
ricultursl products. Our soil and climate
are so far superior to those Of Europe, that
cur country is capable of yielding more
than double the amount Of food and eus-
l54 tanning more than twice the population Of |
Europe. If as well cultivated as England, |
It could much more than feed and clohe |
the whole population Of the world. If as
densely settled as Eagland, our population !
would be more than twelve hundred mil |
Hons-exseedng that of ell the earth. If
ssdensely settled as Massachusetts, (aDong |
=z EkoIsass Es-iila ~Fal starDs), LII
B7sF number 5ls OOO, 600 Inhabitants"
Counting all the indentations, we haves |
msratme coast Of 81, ,663 miles. The Mis- |
sissippi has shore line above tide water |
.sgza Of 350 064 miles. No nation is SO Grteyial-
izsd with such vast systems of inland nav
igstion as our own. Our interior steam |
tOnnsge already exceeds that Of sll the |
rest of the world We have mere Deep |
cspsciOus harbors accessible at ell tides /
and have more timber, than all Europe
Wehsve nearly six thousand miles Of canal /
.Eo completed; we have 80, sos miles of rail- |
rOad-more than all the rest Of mankind
more lines of telegraph also
When we come to make an inventory Of |
our mineral resources, they surpass the |
widest dreams Of the imagination Our
cOal-felds are thirty-tEo times greater
in extent than those of England, Ireland
and Scotland. The recent discoveries Of
gold and silver said to be inexhausti-
Bile. Our iron and copper are unlimited
and we have oHe Of the two leading quick
silver mines Of the world. These unbound
ed mineral resources sre chiefly on Gov
t eminent lands and will be g fountain head
Of unparalleled resources in the years to
come.
Butmore than all this we have already
immense fertile lands, and the var is open
ing still better tracts to the hungering
populations Of the old world. As fast as
they srrive, we have free schools for them
equality and the fallest enjoyment of
earths resources, await them. The tidal
waves Of honest immigration will, in few
years, roll their rich deposits of honest In
dustry and capital across the country, until
the Widearea of the Republic viii bo en-
riehed BY countless population and ma
tsrial prosperity which viii awe The pigny
powers of Europe.
Weshall assuredly be the elephant treading
carefully among the lillipuiisns Of the Old
World. Who that reflects On our future,
VIII question our ability to pay our debts ?
Who doubts that our assets shall easily az
ceed our liabilities when once the rebslIious
powers Of darkness are overthrovu. end
the lightaf glOri,us nationality and lib
erty are ushered in These fscts do not
lock like impending bankruptcy. They do
not saver of inability to meet our obliga- Q
lions They dOnot prove as The New York e
News would have the people believe. "tbst !
prosperity cannot return for a century u J
or ihst "all the property Of tie nation b
win swallowed up" in the effort to sup ;
press rebellion.
General Banks Department