Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1865-05-13
The 7-30s and the End Of the
War.

The greatest war of modern history has
ended in triumph The country has demon
strated the vastness of its power. Ne
knew it was great aoW all the world
knows Il. Our neigbbors across the wat
er, who said our very greatness was our
weakness we should never hold to.
gether-that we mnsf fall to pieces, and
very small pieces at that, noio take off
their hats and beg to assure US Of their
"most distinguished consid ration" Yer.
lily ! young nation tha, can raise two
million. Of fighting men IN two thousand
millions of money, just for the asking, is
worthy Of being considered" They
told "a we could not carry on the war six
months without begging for loans in Eu'
ropean markets. We din carry on such
war as they never dreamed OF, for four
gears and never asked for dollar and
they now wish to buy our bond at m I'D.
vance of fifty per cent, over last years
prices. Government stocks are quoted as
brisk and in demand, and we'll they may
be, for the time will soon como when no
more will be offered. The national ex'
penses will soon be down to peace foot
ing, and, instead Of treasury budget of
nlne hundred millions, Secretary McCull.
och will ask US for about third Of that
sum. Aud how much easier IL will be 10
raise this in peace than in war! The
millions Of soldiers who have so long made
/. business to destroy life and property
will return to pursuits of industry, and
the now ravaged fields will whiten with
new harvests. Instead Of reading every
morning that so many miles Of railroad
have been destroyed, it will be that $50
many new avenues to material wealth
have been opened The South itself
will be compelled to bear its share Of the
burden it imposed on the country, and its
ootton-so much greater than gold, and
still SO much less than king--will have no
attribute Of royalty but what it pays into
the revenue. A tax on Southern cotton
! will be quite as eaily collected as on North
srn petroleum Of manufacturers, and be-
sides the article must be had-the world
wants it.
! 1t would take but a fraction OF our
property to pay our national debt now;
but if we do not pay dollar of the Prin-
cipal in ten years, that fraction will be
reduced one.half-by the development Of
the national resources. We shall doubt.
less wind up the war and square all ac.
counts with a national debt of less than
three thousand millione on about ls per
cent of the present national wealth; but,
according TO lis rates of increase (l27
per cent from 1851 to ls6O,-in 1875
this debt will be less than nine per cent.
But our ability to pay the national debt
needs no demonstration but as some o.
US have looked upon the dark side, We
may as we'll have glance at shc sun.
shine.
The national loans will soon be out of
the market,-but for a short time The
Government will need money to pay off
the army and settle up the expenses Of the
war. Only about two hundred millions
more of the second series Of the 7 80 Loan
remain to be taken, and when it is finally
Withdrawn, there is no doubt that it will
rise to handsome premium, land. at the rate
it is now going, some time within the next
sixty days will see the last of this series -
Mr.. Jay Cooke, the subscription agent,
announced in February "that the first two
hundred MILLIONS of 3O's will probably
be taken in at par from three to four
months"-bit they wee taken in less than
two. So that parties who desire to invest
at par in the U. S. Loan, bearing seven
and three.tenths annual interest, and in
three years convertible into $50 six per
cent. gold interest bond should m axe their
preparations accordingly Many Of the
best financial authorities believe that the
Government will be able to fund suoh por-
tons of its debt, as it may not be ready
to pay as it falls due, at ~ per cent.
Ras- President johnson has offe red re.