The New York herald., 1865-03-04
Relative Strength OF tho North and
south.


THAN THE SOUTH Is IN MATERIAL AND MEN.
From the Richmond Examiner, March IL
We cannot help thinking that -four friends, the
enemy, little premature In assuming the South te
be their feet There Southern armies of magnitude
still In the field, and Richmond, the capital, is more i'm
pregnabe at this hour than has been at any period Of
the war The thirty days which seems to be allowed us
utmost possible lease OF life may prove elastic
as the grace OF ninety days which the same sangune
temper accorded TO US at the beginning Of the
This anxiety Of the enemy for the termination
the war this morbid disposition TO anticipate the reaza
on Of their wishes Of course has its foundation in the
pleasant cond on OF affairs existing In their country
Nobody deny that the resources OF the North are
very great and the very profusion OF these which
that people witness around them and which their gov
ernment finds everywhere rising to its hand has been
the Of the development Of the its present
magnitude and Of the success which has attended it In
Its latter stages But intelligent in that country in
this very profuson OF resources and 10 the extavagant
employment Of them which has been going on SO long,
the seeds o. greater and more lasting disaster than
could result even from defeat and overthrow the field
Information comes to US IN thousand ways that the
public mind at the North is oppressed with grave appre
tensions concerning the condition Of their internal
affairs II is sad doubtless with entire truth that the fed
eral debt will not fall far short Of four five billions Of
dollars when all the obligations Of the war shall have
S hs y s@. y uss and q m s,s ss
from Congress The State, city, county and township
debt incurred all over the North in providing bountes
soldiers families, stated to be immense in amount very
often approximating the total value Of all property In the
jurisd ctlons charged with this form Of obligations
trial resources Of the North is not at all the habit OF
that people who produce to part with them without full
By s sssd !.
disposal has found amid the profuson around
II, any relaxation Of the constant strain that has
Its exultaton over the amplitude Of its military
resources has always been checked by the fright
f strain which It saw that this very abundance OF ma
terIa constantly creating and ntensifyng upon its
finances BY dint OF cOnsummatc ability the federal
credit has been far maintained with success which
has surprised the enemy himself but while the federal
treasury has thus been kept from laundering those Of
the municipal organizations In the INTERIOR managed
with less Skill have been slowly accumulating debt
which the slightest financial conyuson must develop
into general bankruptcy.
II has always been understood since the war began,
that the limit TO the capacity Of this confcderacy TO carry
Il would be found In providing military supplies;
while the limit TO that Of the North would be found In
the strain OF the upon Its finances None pretended
to deny the unlimited capacity Of that country IN the
the correctness Of these ancpations; and Is now
found that the ruin OF the North may result at last from
that very unlimited command which II possessed Of the
means and material OF n their had been
less abundant the obligations which the government has
incurred for them would have been less prodigous The
war would have been conducted a more contracted
and axravagant scale. Both material and men would
have been husbanded and economical and success
against the souih might have been reached more ses
harassng and exhaustive. II smaller armies had been
called for the bounes would have reached thou.
sand OF hfteen hundred dollars and an army OF three
hundred thousand would not have cost the country
before Il received arms began draw ratons the
frighfu Of four hundred and nfy millions Of dol
larsl
when we recolect the cost Of the armies OF
the enemy resulting from the profusion with which they
supplied and the cxtravagance with which they
paid and consider that the war making power with him
Is limited by his nnances when call 70 mind too, his
proncnes employ his credit and recklessness In
tracing debt evidenced by the unprecedented magni
tudc OF Indebtedness resting upon his shoulders we
can well understand the secret OF his present socitude
for termination Of the war and the object OF the elabo
rate celebrations and reocings Ia which the popuace
led TO indulge by the leading men who realize the
serious condition OF the case
The truth OF tho matter Is that the South not BY any
suppiics fir cnfinang ne he Norh Is % the limif
Of 6nnncia Already the has cost them
debt which sort OF success will compensate and
which will make that country the enterprise OF sub
ueaon however may terminate, TO the last day Of is
existence.