The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1865-05-25
The Z 3OS and the End of the
war.

The greatest war Of modern histor,
has ended in triumph. The countr,
has demonstrated the vatness Of il.
power. We know IL was great; nov
all the world knows il, Our ncighbor.
across the water, who said our very
greatness was onr weakness-that We
shosslii never hold togerhet-,hat W
must fall to pieces, and very small
pieces at that-now take off their hats
and beg to assure MS Of their 'mos'
distinguished consideration" Verify
yOnng nation That can raise two mil
lions Of fighting men and two thousand
millions Of money, jn.t for the asking
is worthy of being "rcnsidered." They
told as We could not carry on the wa'
SIX months without begging for loans in
European markets. W., did carry or
such a var as they never dreamed OF,
for four years, and never asked for a
dollar !; an2 they now wish 10 bay on
bonds at an advance Of City per cert
over last yeas prices. Government,
stocks are quoted as brisk and in de
mand, and we'll they may be, for the
tine will soon come when ~ more will
be offered. The national expenses will
soon be down to peace footing. and
instead Of Treasury budget Of nine
hundred millions. Secretary McCullocl
will ask us for about a third Of that
sum. And how much easier i. will be
to raise tfis in peace than ia war! The
millions Of soldiers who have so long
made It business tD destroy life and
property will return 10 pursuits Of in
dustry, and the now ravaged fields will
whiten with new harvys!s. Instead of
reading every morning that SO man,
miles Of railroad have been DESTROYED.
it will he thtt $50 many new avenues
to material wealth have been opened /"
The South itself wll he compelled "a
bear is share ct the burden il imposed
on the country, and its cotton-eo
much greater than gold, and st,ll ."
much less than king-will have no al
tribute of royalty but what it pays int,
the revenue. A tax on Southern cotton
Will be quite as easily collected as on
Northern petroleum or manufactures,
and besides the article must be had
the world Tants It.
It would take but fraction .f our
property to pay our aatioaai debt now
but il We do not pay dollar Of the
principal in ten years, tl,at fraction will
he cedueed one. half-by the develop
ment Of the national resou res. We
sh sll doubtless wind up the war add
square all accounts si,h nati.n il deb,
Of less thaa three thousand millions on
about Is per cent. Of the present ma
tional vealu, but, according 10 its
rate Of increase (l27 per ceni.o rom
1850 to 1sCO,-in 1875 this deb, will
be less than nine per ceat. Ent ssr
ability to pay the national debt needs
no demonstration but az some Of rs
have looked upon the dark side, We
may as well have gla,ase at the sun
shine.
The national loans will sons, be out
Of the ssarket,-but for q short time the
Governmen, will need u oncs 10 pay of
the army and settle up the expenses OF
the war. Only about two hundred mil
lions more Of the second series Of the
I 80 Loan fesnssN to he taken. ana when
it is finally withdrawn. there is M
doai. that it will raise to ha,,ds ame
premium, and at the rate 1t is now
going, some time withiH the next sixty
DAYS will see the last of this serie9. Mr..
] sy Cooke, the subscription agent. an
nonnced in February ";hxt theasrst TIVE
hundred millions Of I s6's viii probably
be takea in AT par frem tiree to four
mcnths' hs''-but they were taken in less
chan two. So that par,4es who desire
10 invest nj par IN the U.. S. Loan,
bearing seven aud three tcr,hs ANIMAL
interest, and in three years onvehiblp
into 3 70 siS per cent. gold interest
bond should mike their prep aa,ions
accordingly. Many ofthc best fnaasial
authorities believe that she GovcraEaaut
will he Ha!a TO fund such portions af.its
debt, as il may not!he Esa6y 10; ;paY 90
II fails due, ut AZ pey sOant.
"A lover gazeu in tho eyca al