1 millions. Look at the facts. The nation represented by the federal government has spent this money. The people will pay the debt, and lay up money while they are doing it; and perhaps learn some economy. It will not hurt them. Now how will it effect the nation? It will enrich it in this way; a portion of this money will be absolutely burned up in powder, or destroyed in other material of war, or consumed by the commissariat. The pay of the soldiers cannot be said to be a loss, but it does not enrich the nation. Deducting all this, the nation finds itself greatly enriched by the remainder. When the war begun, our people were rich, our nation poor, — poor in muskets, poor in cannon, poor in navy, poor in army, in hospitals, in arsenals, in everything which goes to constitute a rich nation. It did not own even the raw material out of which these things could be made. The material was all in the hands of the people, and was doled out with a very niggard hand by the representatives of the people. The nation could get but little to maintain its position among nations. But how is it now ? The war furnished a sufficient motive, and the people gave the money to enrich the nation, and it this hour owns in the single item of a navy, enough to make it rich. It is rich also in all other munitions so needful to preserve nationality, in this warring,
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