The Daily empire. (Dayton, Ohio) 1865-1867, 1866-01-12
Coming Events Cast their Shad-
oyys KpfOre."

This IS trnc financially as well rs polti-
cally The events through which we have
passed-thc four years of desolating war,
with all It's attendant cvils-wcrc fOreshad-
owed more than thirty years ago; and
many Of the wise men of the country, who
lived in the cru of true American states
manship with almost prophetic accuracy
described the scenes that have lately come
To pass.
The first act in the great drama is ended.
Its effects are partial and mostly confined
TO particular localities. communities and
families, who have suffered by It's dcsola-
tions. such is the rccuperative power OF
human society and population, that one
generation docs not pass away until its eff
iscts in that regard viii have been forgot
ten and ellaced from the memory, and eX-
ccpt in very few instances win only live
in history.
But the second act in this great drama,
thus fortold, aud depicted with such prccis-
ion, is likely to have more lasting inllu-
cnce land no man not GIFTED with more than
ordinary penetration, can tell what will be
national debt that has been piled up in tho
last four years, upon the present aud COM
ing generation. .... .......g ...... ....., /
Will it be paid Or will il be rcpudiatcd
are questions which must be solved in the
not far of future. Already the agents aud
minionS OF the super loyal patriots ~ who
accumulated their thousands and millions
by official stealing and shoddy contracts,
are deluging the present Congress with
petitions for the enactment of law TO pro-
hibit any future Congress or the people,
from rcpudiating amy portion of what is
called the national dcbt--Onc- half of which,
at n low estimate, is known and acknowl-
edged to have been incurred fraudulently
and without just or legal consideration. To
pay the interest on the immense debt thus
created, the last Congress and the one that
preceded it enacted II system of revenue
laws wliichtaXes every thing on the face
OF the caath and under the earth. with the
single exceptions of the "nation's wards
and the sunshine of heaven.
notwithstanding all this, the last report
of the Secretary of the Treasury shows an
liltithSt hi lillitUibNNtNS IlOln lilt lhSJ OF
.Noyember 10 the first of january single
month-of Sl,0iS,22l. This, it must be adj
mitted, Is somcwcat better showing than
when, during the rebellion, the debt was
accumulating at the rate of two millions a
day. Stil it is far from satisfactory, and
well-foundcd apprehcnsions are entertained
that the threatened commercial rcvulsion
can not much longer be- stayed by merely
temporary eXpedicnts. The laboring aud
producing classes are already borne down
with the burdens they are forced to bear.
All the operations of trade and COM
merce are so unccrtion and the fluctuations
so sudden, that many who are engaged in
these occupations would be glad TO escape
the impending storm if they could.
Shrewd iinancies in all the great centers of
trade are preparing for this impending
financial crash, and it would be wise Tor bus
iness men in this and every other commu-
nifty TO profit by the experience of the past
to watch closely the portentous signs
now gathering in the commercial horizon,
and thus escape if possible the disastrous
consequences of the impending storm.
-
North Carolina.
Ill