Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-06-10
lcommunicated.
The Nations Debt---0ur COuntrJ's
Resources.

1 uG AAstU0 VEUt~~~V4T
Resources.
The success Of our efforts to break Ep
this unholy rebellion, and forever de- |
stroy the seeds Of Secession, depends
greatly on the success Of the Govern
ment Loan, and confidence in the Gov.
eminent money, which is the National
currency, and BY which alone can our
armies in the Geld be fed, clothed and
paid.
Fears are frequently entertained BY
CopPerhsads and rebel sympathizers, be-
cause their wish Is father to the thought,
that we are approaching National Bank.
ruptcy. Even good Union men, but
principally weak and timid ones, too, are
not uTfrequently led into error by these
Mcclellan advocates, the apostles OF
JEFF. Davis b Co, in regard to our ina
bility to pay the large debt which has
been forced upon us, in order TO uphold
and sustain the nations life, which these
Northern traitors have done as much to
destroy as the rebels Of the South.
Every rebel sympathizer in the coun-
try is daily expressing a doubt in regard
10 the ability Of the Government to re-
deem the "Greenbacks," aud why7 Be
cause it is part Of the programme laid
down by their friends in the South, that
a part Of their duty is to destroy the
credit Of the currency, by which our
armies are kept in the field Conss-
quently, they constantly assert that our
currency has deprecated, and in eonse-
quence OF which, that prices have ad.
yanced; and the whole blame is put up
on the "Greenbaeks," or the inflated
state Of our currency, as they please to
call il, not limiting at the real cause
the Gold speculation throughout the
country,
believe our Government amply able
to pay every dollar Of its Indebtedness.
II so, our currency has not deprecated
and is worth just as much as its prom.
ises TO pay we're ten years ago. II il is
unable to pay its debt, then our currency
and the Government bonds are worth
less, and there is reason for asserting
that the currency has become worthless;
but until this.is demonstrated, we arc not
fast and reliable friends of the Govern
ment, when ell in any manner or shape
create q distrust in the minds Of the
people in reference to our currency, by
trying to make it appear that it is worth
less than it's face.
Now, rs II is with individuals, so Il IL
with nations. A merchant whose bal.
ance sheet tells him in unmistakable Ian
guage that bis liabilities exceed his as
sets largely, and that his resources are
insufficient to warrant him in continuing
business, WOULD not be acting the part Of
prudent and honest man should be per-
sist in continuing his business, and thus
involve himself beyond a possibility Of
ever sxtricahng himself and friends
from bis embarrassments. A business
man, when his affairs are known posi-
lively to be in such condition, ought
not to think hard should the public re-
fuse to take his promises to pay, other
wise than at a very large discount from
the face, which would in part eompsn-
safe them for the risk they run in taking
such an uncertain kind OF paper. Yea,
he could not think hard if even his best
friends declined to accept them at all.
just so with Nations, with our own
Government If the liabilities of Uncle
Sam far exceeded his assets, and his
available means for diseharging his in
debtedness, and his daily expenditures
were Of such q magnitude as eventually
to lead to utter Insolvency, without the
least hope Of ever being able to liquidate
the vast debt saddled upon us by the
shareholders rebellion, then there would
be some reasons for doubt, for decline
in the value Of his promises to paw; but
until this can be plainly and unmissakably
demonstrated, hold and assert that the
gresnbacks are scorsh dollar for dollar
as circulating medium Just as much a.
gold; and tkose rAo are engaged IN cold
speculGtions, tchich tend GppdreatlV ID
depreeidte this currency, Tie main sta,
Of the Government in these trying tirses
are jtsst as much enemies 10 this eoaHty-e
as the rebels inside Of the entrenchmsnts
at Richmond
Now let us see how stands the Nation,
al balance sheet Let us examine into
our ability to pay the debt already con.
tractsd, and our ability TO continue the
war until every rebel is compelled to sub
NIT to the laws Of the land, or entirely
exterminated, as they deserve to be.
The value Of the real and personal
property in the loyal States was valued
Oct LIST, 1868, at SIS, $50, 00O, 600, and
at the present time, in round numbers, al
SIC, OOO, OOO, 900, This would give to each
individual in the loyal States SCOT. &C
66 So much for the real assets of the
Republic Now as TO the liabilities Il
| mistake not, the latest statement We
have in regard to the Indebtedness of the
Government, makes il, say in round
numbers, 81, 500, 900, 900 This would
make each individuals share of the deb
SIS. Does this look much like insolvency
Would any merchant in this city or else,
where ike to be slandered By circulating
report of his insolvency, or that he i,
unable to pay his debts, when his asset.
exceeded bis liabilities 10 to IL
How does this compare with Greaf
britaln3 Her debt is, say in rount
numbers, $4,000, 900, 600. which make,
each individuals share sI304T, ara
each individuals share of real and per
sonal property, were it proportional =
Sl,ll342 This does not speak verv wei
for England Yet We do not hear Cor
perheads and rebel sympathizers lament
ing over the insolvency Of that nation
: But in order to demonstrate NOR,
I plainly the ability of the United State
Government to pay not only this dab.