North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-08-03

DANGERS I'm CONNECTION WITH THE WAR.
Under this head may be mentioned the
! state Of our ...
| FIFANCEs AND CURRENCY.
The unnecessary waste Of the public re-
sources in The var the enormous sums ex-
pended upon foolish and fruitless military
expeditions, (sometimes badly planned and
sometimes badly executed and supported, J
and the other enormous sums COR
Fuptly or unwisely expended in obtaining
supplies Of materials OF war, would, of them
selves, have been sufficient to deeply injure
the public credit, and to create fears of our
future ability to bear the pecuniary burdens
created by the war. And what ought 10
sting the minds Of rejecting men, ia tn. con,
sideration that the general political policy of
the Administration has been such that il
has prolonged the war by depriving Us Of
allies and sympathy in the enemy's country,
and frittercd away the public energy upon
other Objects besides military success.
In addition to which stands for tn the fact,
that this occasion Of war has been seized up.
on to establish system of Government pa
per money, which has caused the PUBLIC ex-
pendit1res and the public debt TO be ops
half greater than they would otherwise have
been, and introduced numerous and most Sc
rous evils and dangers into all the channels
Of commercial and business life. The scrash
Of ths system, and the failure of all the de-
lusivc hopes aud arrangements based upon
it, is not merely possible but o probable
event in the future. The ruin and suffering
which such an event would entail cannot be
diversified, and to avert it, or to mitigate it's
force, is one of the main objects which should
be had in view in set Ting our future policy.
Upon questions of currency and ;fuancc, we
must revert TO the ideas of former tinas in
which alone can safety be found,
In speaking of financial prospects and fu-
ture pecuniary conditions, we do not over
look the fact that opinions very different
from ours are expressed by the friends of
power But the appearances Of prosperity
TO which they refer US, are delusys.
Production in the country is now decreas-
ed, for great numbers of laborers are en-
ploye1 in the war, and distracted from in
dustrial pursuits.
Increased rates of value press hardly upon
persons of fixed incomes, and upon all who
are disabled or engaged in Improbable en-
ploynents. ....
The war does create wealth, but consumes
it, and consumes also the laborers by which
it is produ ced. 1t devours the products Of
past and present industry, and checks the
growth Of population upon which prosperity
depends. ..... ...- ...
And the inevitable evils Of state of war
the injury and destruction of material inter-
terests, the waste, spoiation aud inprovi-
dence that characterize it-are aggravated
by profpse issues of Government paper mon
ey which ineite to reckless expenditure,
public and private, and disguise for the time
the fearful consumption of wealth and the
cure approach of q day Of suffering and retri-
satiop, -s.'..
This expenditure and the accumulation Of
debts, public and private, cannot 60 on indefi-
nitely or for any considerable time. Tue
day Of pay ment, which will also be the Gay
Of trouble. will surely come. Great suffering
wild fall upon the people. Those who sup
pose themselves independent of the froBas
of fortune, will realize the retribution which
hlways follows upon excess, and even those
wholly innocent of any completely with
financial mismanagement OF other evil fea-
ture Of public policy, will be smtten equally
with the guilty. ~.... ..... .-s
The vast debt, created in great part by
profgacy and Encouragement or is a source
of profound anxiety to the people, who must
pay it, and TO the capitalists Eho bold it,
It's obligation rests upon the security Of the
national ability and honor, But to prevent
It's growth beyond the point where bankrupt
cy thraatens it with destruction, the folly
and corruption which now waste and deuour
the wealth of the people must meet with
speedy and condign overthrow.
FOREIGN INTERVENTION. ...t...
Another danger to be apprebended under
our present rulers, one which has been spec
ulated upon often since the war began, and
which is possible hereafter, is the interven
ton of some foreign nation in the pending
struggle. There is an example Of such inter
vention in our history, which deserves con-
temptation By those Ylho would justly iudgs
our present. situation, and make provision