The rebellion had drawn forth into energetic exercise among the
Northern people a patriotic sentiment which nerved them for every
measure of self-devotion. But war cherishes also into exceptional
strength the evil that is in humanity, and this patriot war exerted
an influence not less unhallowed than other wars have done. The
fluctuating value of the currency and consequently of all commodities,
the unprecedented opportunities of acquiring sudden wealth, fostered
widespread corruption in the cities. Reckless personal extravagance,
a frantic haste to become rich by whatever means, and a general decay
of commercial morality, characterized the years which followed the
restoration of peace. Political society, at no time distinguished by
its elevation of moral tone, was deeply tainted. Even among the men
whom President Grant had chosen as worthy of his fullest confidence
there were some who yielded to the prevailing influence, and the
President had the mortification of finding that several members of
his Cabinet had incurred the shame of corrupt transactions. Habitual
embezzlement was practised in the management of the finances of large
cities. The municipal government of New York had fallen into hands
exceptionally rapacious and base, and the career of the plunderers was
not arrested till the city had been robbed of many million dollars.
For several years after the close of the war the industrial interests
of America seemed to prosper exceedingly. Her foreign trade increased
rapidly. The thriving people purchased freely of the costly luxuries
imported from Europe, and the gains of merchants were liberal. New
factories arose; villages swelled into towns; emigrants to the number
of three hundred and fifty thousand annually hastened to exchange the
poverty of Europe for the plenty of this land of promise; a million
persons were added every year to the population. New railways were laid
down at the rate of five to six thousand miles annually, involving an
annual expenditure of thirty to forty million sterling. The confiding
capitalists of Europe furnished the means requisite to sustain this
perilously rapid increase. The census of 1870 reported that during
ten years the wealth of the people had nearly doubled, and that their
annual earnings now amounted to two thousand million sterling. It
seemed as if, for the first time in history, a prolonged and costly war
had been waged without pecuniary disadvantage to the combatants.
Public-domain text, read in full here on John Shaqi.
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