The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1865-09-13
From the New York Tribune.1
Our National Debt.

a great Public Debt. Its aggregate
when all outstanding liabilities are fairly
adjusted, will not fall below Three Thou
sand Millions Of Dollars. The returned
value Of Real and Personal Estate
throughout the Union was, by the Censu;
OF 1860, sixteen thousand million dollars,
which we double to obtaa the actual
value and this has not been essentially
reduced I; for, while the value Of negroes
as slaves has been struck out of existence,
the real value of Southern lands has been
increased thereby to at least an equal
amount aud, while we have been vast
lag and burning in the South, we have
been creating and improving in other
sections, but especially in Colorado, Me-
vada, Montana and Idaho, where proper
iy worth Hundreds Of Millions has been
developed since 1859. On the whole,
wejudge our aggregate wealth to be just
about Thirty Thousand Millions, 50 that
the National Debt is general mortgage
o: about ten per cent. OH the entire prop
erty Of the country. i
This Debt every ihpenitent Rebel.
every malignant Copperhead, intensely
bate, regarding it as the cause and means
of their mutual overthrow. Had the
Government been unable to borrow, the
Rebellion could not have been put down;
the Confederacy would ere this have
been fixed fact; and by this time the
Democratic party in every Free State
would have been fercely struggling for
a." reconstruction" by the accession
Of their States respectively to that Con-
federacy. For it is idle to talk OF Dis
union save as a stop gap--a hall way
house-a transitory halt on down.hil|
road. Not six months after the recogni
ton of the Copfederacyj every State re-
naming in the, Union would have been
by struggle caused by " the
Democracy demanding that it adopt the
Constitution, make Slavery
universal and eternal, and thus win ad
mission into the empire of jeff. Davis.
Horatio, Seymour wanted New York to
do this iu 1861; Holman M. Price
publicly urged New Jersey to do so
Judge Woodward (last Democratic can
iidate for Governor J insisted that. If the
Union acre dissolved, the dividing line
should run North Of Pennsylvania. Bad
as Dsunion might have been, it was
light affliction compared with the i'm
pending peril of reunion on the basis Of
Universal Slavery. M And every man who
secretly or openly desired such reunion
5 to- -dayin his heart q repudiator,a and
will swndle the creditors Of the Republic
{ he ever shall see that, lie can,o9 sidT +
Our Financial endurance is tlis miracle
f the War; The world never saw its
,arallel. If every capable tinancier on
arth had been asked, " How much mo-
icy might the Uuited States borrow du4I
ing the progres of a great four years
v,r for the integrity of the Union?' the
verage Of the answers would have fallen
,elow One Billion of Dollars yet we
ave borrowed nearly Three Billions
much of il when our sky was black as
lidnight. Our victories may well excite t
glow Of patriotic. pride but the Rebel I
on S real conqueror was lie who supplied 4
,e money wherewith our armies and r
sets were createdj organized, equipped, I
d and paid. .%s -. E,. t
Our Finances were a main, object ol c
ebel attack. Rebel money was sent to o
is city to be used in be tting up the pre-
ium on gold. Copperheads and Rebels n
ade large piles on the ,increaseqof that q
emium. and lost larger on ITS decline. Il
lward B. Ketchum ruined his fatherls ra
use and lost Six Millions in trying to at
ep up the premium after that had be- Ia
me impossible. There were secret at
'ings" Of Copperbeads throughout the tn
lntry, each pledged to take no part of fu
= Government loan. and to discourage so
ers from taking any. One Copper: ar,
ID Congressman who was Presdentiof
,ayings Bank went home at a critical
iod aud insisted that every dollar Of 2
E. H . j 4 v.