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The Daily Dispatch: February 11, 1862., [Electronic resource], article 1 (search)
The reduction of Norfolk would be the work of months, and could only be effected by a large increase of Burnside's forces, an increase which the Yankee exchequer is not able to afford for an operation stretching through a protracted period. Nothing at all can save their Treasury, and nothing can keep the war on foot, but rapid operations and decisive successes. Yet, we do not see wherein the Burnside expedition promises these results more unmistakably than Sherman's did, which landed in November, nearly three months ago. Measured by its cost to the enemy, not even the capture of Norfolk, if it could be effected, would compensate him for his outlays, and this at last is the true standard by which his successes should be estimated. The South need not expect, and cannot rationally expect, that these huge expeditions, fitted out at immense expense, should fail to effect any achievement. Fifteen on twenty thousand men landed anywhere upon our seaboard must succeed in getting poss
The Daily Dispatch: February 11, 1862., [Electronic resource], The Federal strong box. (search)
mer redesmable in ten years and the latter in thirty years, appropriating the proceeds of all public lands therefor, and providing a fiscal agency in New York, with a specie basic of fifty millions, authorized to issue notes of not less than five dollars, to the amont of $200,000,000, on the deposit of Government bonds as above by the Secreatery of the Treasury. Mr. C. said that he had thought that some comprehensive scheme of finance would have been sent to Congress in December from the Treasury Department. But such had not been the case, and the Government was proceeding along under immen's expendintures without proper provision. He gave statistics from the Department, showing the expenditures monthly to have been, for October, November, and December, from $45,000,000 up to $56,500,000, and now the Treasury is empty. How shall it be replenished and the country saved from an irredeemable paper issue, which he was not willing to approve under the plea of a pressing necessity?