North America - Volume 2 By Anthony Trollope 




















































































































































 -   The
second has probably been founded on facts which leave little doubt
as to its substantial truth.  The third, which - Page 410
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The Second Has Probably Been Founded On Facts Which Leave Little Doubt As To Its Substantial Truth.

The third, which professes to give the proposed expense of the war for the forthcoming year, viz., from July 1st, 1862, to June 30th, 1863, must necessarily have been obtained by a very loose estimate.

No one can say what may be the condition of the country during the next year - whether the war may then be raging throughout the Southern States, or whether the war may not have ceased altogether. The North knows little or nothing of the capacity of the South. How little it knows may be surmised from the fact that the whole Southern army of Virginia retreated from their position at Manassas before the Northern generals knew that they were moving; and that when they were gone no word whatever was left of their numbers. I do not believe that the Northern government is even yet able to make any probable conjecture as to the number of troops which the Southern Confederacy is maintaining; and if this be so, they can certainly make no trustworthy estimates as to their own expenses for the ensuing year.

Two hundred and forty millions is, however, the sum named by a gentleman presumed to be conversant with the matter, as the amount of debt which may be expected by midsummer, 1863; and if the war be continued till then, it will probably be found that he has not exceeded the mark. It is right, however, to state that Mr. Chase in his estimate does not rate the figures so high.

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