Council Bluffs bugle. [volume] (Council Bluffs, Iowa) 1860-1868, 1865-02-23

en- ea 81 tSatix..
VA preerme 10 tnpor1fal ehsexxex will
~ x s9x bklIsf - @ d11nesto
inte9F1 81 - .orisy
- - HILARY psrsssf he sIssl bold
- H. slli0A Il M foafes appalline. We
~ 4nSls awaxc shHk the Sonfhe<n Confsd-
'efnsy is still auhsisting fact, and that Ii
4 pphsaa by enc hxnds63 md Hfsy thoas-
asd bnJonsss, sws- shirds of them wield-
90 By bravs and vstersn soldiers. We do
aos dispaFage the ability Of Lee, Johns
BON and Loagssrsst - generals, nor Of
BesaFegard ~ an engineer, whom we slate
khs neaoFious fact that The streagsb Of the
gebssliou l. to-day very FAR Tess than
whea the lower Mississippi vas he main
artsrys when It's dag aesssa proudly over
Norfsk, Nswhesa, Nashville, Knoxville,
Chattanooga Menpkis, Little Rock,
Nlnksburg, Matches, Batoa Roaga, Mes
Orleans and Savannah, and when les mil
liea Of square miIes 81 area wAs pegmen.
ted By raiiRosds and seiegrAf hs which CO..
ysyaa IL armies from Virginia 60 Texas
Ia . week. and dashed is tidings from
the gfo Grand 20 the potomac 10 day.
Tbs Confaderates have struggled desper-
aseiy against odds which have nssertha-
less been steadily angmentiag, nntil they
are left bat the choice hsfEeen al early
houerabla pacifeation and an ultimate
unconditional overtbraw. Upen no basis
ka0wn 10 history or to gar ean they hope
70 DO more than postpone Inc isaaa whieh
has become inevitable.
Nor do We regard With much concern
the bagbear Of foreign intervention. We
hare undoubtedly many ill-wishers ID
Europe; bat o IL vast naval armamsats,
20 rapidly created, are decidedly in the
way Of the realizstioa of their desires.
Great Britain will not attack as; and nc
other Power wiIl care 10 send its feet
aaToas the Atlantic 70 Try Gloss hug with
. harbor full of our DEcsators AID puri-
lans. France alone might have bothered
as two or three years ago; now the times
are braveiy altered. We may get be cali
ed 30 encounter and to bgile hostils
Vaccinations from abroad; We are most
aalIkely to be confronted by hostile
bFoadaides within The few moths that
shs rebellion may sIill keep It's head above
was@r. Only by feeding Febei hopes thai
are cersaia ct length to be blasted are
these Installations likely 10 work as harm.
Our real, serious, ever-present danger
issthat Of Financial collapse and a result.
lag Military Impotence, which, though
temporary IN It's duration, may be perma-
nenl in its effects. And this peril seems
to us the more Formidable that so very
few appear to realise or grasely sppre-
bend il.
To-day, One million Dollars 10 Cola
will buy Two Millions of United States
Bends, payable in coin ten years hencs
vita interest st ave per cent. per annum,
In other words: Whoever will lend ouI
Government One Million Dollars 10 spe-
Gle will receive therefor One Hundred
thousand Dollars In coin per annun ant
Two Millions ST The close of ten years
Three Millions 10 all for the loan oE 0ns
Million ten years. And We advertise GA.
omn want of faith oe want OF pluck bj
scsaally prefsrriug 70 hoFrow mooney at al
interest OF 100 per cent. payable IN ous
own Government paper than at per CEN
payable Ia solid cash. Is not this tbs
same as saying that We do not expectto sea
she Rebellion put down shis year, or do
not mean sheYeup0n to resume specie pay.
ment? How can We ask the outside worlC
to have mere faith IN Us than We seem Il
have Ia ourselves?
Bat look at few subordinate facts:
Our Minister OF Finance has just beer
chosen to the Senate, With a general an.
derstanding that be prefers seat in tba
body to bis present most responsible ant
arduous CABINET position. We think b
has right to judge for himself in whici
Of the tive posts be can best serve hi
country. But, if he is 70 stay in the Cab
met, be should frankly say 50, and ent
ali 81 equation as 10 his successor; whiio
IL be 10 to return to the Senate, be shonlI
Insist on having that successor at once il
the Treasury, so that Congress may knov
what measures Of Finance are reqnireC
Of it 10 the judgment OF that fuuetiona
nv. 1t is madness 20 let matters drift til
the 4th OF March. and then be told by /
new Secretary tast be eoaId hare prosid,
ed the necessary means had be been mad
Secretary six weeks earlier; bat nov hs
must wait till new Congress can be has,
ely assembled out of season, after th,
campaign shaii have been well nigh il
culnination.
We have leader Of the House Of Rep.
resensatives who honestly believes thal
Congress may By statute make its ire.
lsemable paper Issues, however bound
less in volume, equal TO Gold, dollar fol
dollar, and who deems IL right and expe,
iieut to make il q crime TO exchange coin
for paper at other than their nomina
rates respectively. OF course he eanuo
believe that there is aay need of resreneh
ment or economy; since Congress, ups
his theory, can ag any moment rrplenisl
ths Treasury by the easy expsdient Of L.
suing Billion moro Of Gfeenbacks ane
deereeing that they shall be deemed full,
equivalent TO 30 much Gold.
We bave Congress wherein tho idea
OF frugality has 20 place wherein ths
saggeslion OF raIFenchmens is asenuntee
puerils or demagogieaI. II this we're %
50, hos could the whisky gamblers havs
escaped taxatioa last winter Why sko'c
not ihs mileage swindie have been arrest.
ed2 Herseome tw0 new Senators froa
Nevada 10 segya thirty daya IN shis Con.
gress, and take some $4,000 eaeh---ol
over $500 per dsy--eas OF the Treasury
therefor. We do not blame them for this
TOR ne prssame they will take exactly
What ths Las allows them; We are reprss-
ing TIE Law itself. and the maker Of tbs
lag, which Is Congress A Fngimenl
might Do paid the moasy doe 10 for ia
lsst six monthss service oat Of this mon.
stross grab. And, whila there Il to-day
II leaat one huadTed millions doc 10 oar
soldiers fer shsir severe winters oam.
paigaiag, which Dir. Fessahdea wouid
gladly ray II he knew where TO get ta1s
moAsy, We hare lhs House stopping ths
De&caeney bill 70 coarcs tho Senate insc
adding swensy peg cent. 10 the legal eoaa-
psnsasion Of 10 half-smplayed asa gen.
Grossly paid nadsrlings, and . senatoi
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