The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1865-05-20
THEHAWK-EYE
Saturday, Nag go.
Debts ana U. .. stocks.

SAAASAASe OAS SeAV S~~>-SS =
great nation to provide for great debt,
and 70 mako 1t the most convenient and
bsst form Of personal property, 10 mod
ern wonder. The debt Of Great Britain
was begun BY raising million sterling by
loan in 1892 and when her great contest
with Louis XIV. was terminated the debt
had reached fifty millions. Many states
men and economists were then alarmed at
the great burden which had been imposed
upon the industry Of the country, but when
tho war Of the Austrian succession had
swelled this amount to eighty millions,
Macaulay says tina: historians and orators
pronounced the case to be desperate. Blu:
when war again broke out, and the nation
al debt was rapidly carried up to one hum
dred and forty millions, men Of theory and
buainess both pronounced that the fatal
day had certainly arrived. David Hume
said that, although, BY taxing its energies
to the utmost. the country might possibly
live through IL, the experiments must never
10 repeated, -even ANAL increase might
b fatal. Granville said tho nation must
sink under It unless some portion Of the
load was borne by the American Colonies,
and the attempt to impose this load pro-
duced tho war Of the revolutions, and, in
stead Of diminishing, added another hum
dred millions to the burden. Again, says
Aacaulay, was England given over, but
aGain abe was moro prosperous than ever
before. But when ct the close Of her Ma
poleanic warn in 1916, this debt had been
swellsd up to the enormous sum Of over
eight hundred millions sterling, or four
thousand three hundred million Of dollars.
or nearly one half the entire property Of
the United Kingdom, the stoutsat heart,
the nrmest believer in national progress
and national development, NH veil have
been appalled,. But In the very 1Aes Of this
mountain Of obligation cay 1othing Of
her vast colonial possesaions,-ahe proper
" Of The British nation had been more
than trsbled, and her debt 10 now . charge
Of but Ia Per cent. against Il. All that
Great Britain has done in paying her debt,
We shall do, and moro, with ouSs. We have
vast territories untouched BY the pillow,
mines Of al precious metals If which We
have hardly opened the doors, . population
full Of life, energy, enterprise and indus.
try, and the accumulated wealth Of money
and labor Of the old countries pouring into
the lap Of our giant and ever-to-be united
republic. During the hsrcsst and most ex-
hausting Of al possible wars, We lave
demonstrated our national strength-and
all the world over, national strength 10 but
another name for national credit. "As
good % q. 8. stocks'' win soon b synon-
ynous the world over with ''as good ~
British Consols." For our part, We think
. United States Treasury note, bearing
seven and thres-tenths annual interest, 10
Just aamuch bsttsr than British Consols %
the ratsof interest y hlghsr. ooms Of our
timid tksashrsn. Who shipped their gold
70 London and invested IN coneols, a1e now
glad to ell out and invest 1t homo ct .
round loas.-and serves them right. .
"a great many people think that Da-
Viz, Lee. Breoksnridgs, and to other rebel
leaders a1s No more guilty than the mass
Of the people Of the rebel States, and there
fore shosld mot b. hung, because We cannot
hang them Ill. We do not concur in this
opinien. But for the sake Of the argument,
admit that they ars right Saying nothing
of tho othsr barbaritiss which have bssn,
resorted to, do not these men deserve TO be
hung ior = deliberate murder Of 10000
Union SOLDIERS, prisoners in their hands,
by starvation' Their graves are ct Rich
mond, Salisbury. Florence and Anderson
vile. These brave defsndsrs ofthe Union
vere tortured to death BY exposure and
starvation Il the most diabolical manner.
They were murdered BY inches. Tho pro-
cess was continued for years, and Davis,
the Rebel Congfess, Lee and tie Rebel
Generals, the Governors Of the ReLsl
States and the instruments In the hands Of
these conspirators who tortured our brave
boys 70 death, are all Of them guilty Of
murder Of the ioulsst kind. for which all Of
them should swing. Saying nothing about
the massacre ct Fort Pillow, approved BY
the Rebel Congress saying nothing Of the
blowing up Of steamboats,, the attempted
burning Of Northssn cities, The attempted
intsoduetion o. yellow fsvs1-the pisaoiss
On ~ Lake, aad a ~ high ooas-ths as-l
sassina&ioa Of The President, the attempted
aasassinatien Of Mr.. Seward, other mem.
bsss Of To Cabinet, With 0enssal Grant
saying notAing Of he mo01trous, cause
Leo and uqprovoksd rsbsllion itsslf. which
Includes I'll oeimss-h not this wholesale
murder Of oo,ooo brave soldissaI prisoners
Of war, crime enough Of 1lself alone to
bring every one Of thsss asnds % The GAL
lowss