The New York herald., 1865-03-04


with professions Of loyalty but II responded to avoraby
BY the Legislature Of Georgia, will result in ruin.
Relative Strength Of tho North and
South.
THE NORTH NEARER EXHAUSTION IN IT'S FINANCES
THAN THE SOUTH rs IN MATERIAL AND MEN.
From the Richmond Examiner, March IL
We cannot help thinking that -FOUR friends, the
enemy little premature in assuming the South to
be at their feet There Southern armies Of magnitude
still in the field, and Richmond the capital, is more i'm
pregnabe at this hour than has been at any period Of
the The thirty days which to be allowed
utmost possible lease Of life may prove elastic
the grace OF ninety days which the sanguine
temper accorded TO us at the beginning Of the war.
This extreme anxiety Of the enemy for the termination Of
the war; this morbid disposition anticipate the realza-
on of their wishes Of has its foundation in the
pleasant cond on Of affairs existing their own country
Nobody deny that the resources Of the North
very great and the very profusion Of these which
that people witness around them, and which their gov
eminent finds everywhere rising to its hand, has been
the OF the development of the its present
magnitude and OF the which has attended 1t in
this very profusion OF resources and In the extavagant
employment Of them which has been going on SO long
the seeds Of greater danger and lasting disaster than
could result even from defeat and overthrow In the field
Information comes to US In thousand ways that the
public mind at the North is oppressed with grave appre
tensions concerning the condition Of their internal
affairs II is sad doubtless with entire truth that the fed
eral debt will not fall far short Of four five billions Of
dollars when all the obligations Of the shall have
nsS hs 81 claims s s and q hs % ss
from Congress The State, city, county and township
debt incurred all over the North in providing bounties
soldiers families, stated TO be immense In amount very
often the total value Of all property in the
jurisdiction charged with this form Of obligations
terai resources Of the Soh Is not at al the habit 5 Of
that people who produce part with them without full
o ssd :. @
disposal has found amid the profusion around
II, any relaxation Of the constant strain that has
It's exultaton over the amplitude Of its military
resources has always been checked by the fright
fu strain which it saw that this very abundance Of ma
tera was constantly creating and intensyng upon ts
finances. BY dint OF consummate ability the federal
credit has been far maintained with success which
has surprised the enemy himself but while the federal
treasury has thus been kept from laundering those Of
the municipal organizations in the INTERIOR managed
with less skill, have been slowly accumuating debt
into general bankruptcy.
It has always been understood, since the war began,
that the limit to the capacity OF this concderacy to carry
1t would be found in providing military supplies
while the limit to that of the North would be found In
the strain OF the war upon Its finances None pretended
to deny the unlimited capacity OF that country In the
matter Of material and men. The result has proved
the correctness Of these anticpations and IL Is
tSst vsrv unmted Command which 4 nossessed of the
means and material OF II their resourc had been
less abundant the obligations which the government has
incurred for them would have been less prodgous The
war would have been conducted on more contracted
less extravagant scale Both material and would
have been husbanded and economical and success
against the south might have been reached
iainy by methods less expensive but proracted,
harassng and exhaustive. n smaller armies had been
called the bountes would not have reached 70 thou
sand fifteen hundred dollars, and an army Of three
hundred would not have cost the country
before II received began TO draw rations the
frghtful Of four hundred and nfty millions Of dol
larsi
When we recolect the cost Of the armies OF
the enemy, resulting from the profusion with which they
supplied and the cxtravagance with which they
paid and consider that the making power with him
Is limited by his nnances when call 10 mind, too his
proneness employ his credit and recklessness In
ractlng debt evidenced by the unprecedented magn
ude of Indebtedness resting upon his shoulders We
well understand the secret OF his present soIicude
for termination of the and the object Of the eabo
rate celebrations and reocings In which the populace
led to indulge by the leading men who realize the
serious condition OF the case
The truth or tho matter Is that the South 1 not BY any
che limit " IL capacity Of providing miiary
supplies 6r cnfinun0 TIE az the North IS 10 the Hmf
Of E1ncidl Already the has cost them
debt which no sort Of will compensate, and
which will make that country the enterprise OF sub
jueaton however may terminate, 70 the last day Of its
existence.
The Rebels Consider their Cause Further
than Ever from European Recognf-
tfon.
From the Richmond Examiner March H.
The Queen OF England speech Tor rather Lord Pamers
toms TO the Parliament its assembling has but
4