The War with Mexico, Volume 2 (of 2)Smith, Justin Harvey
History
The War with Mexico, Volume 2 (of 2)
Smith, Justin Harvey
Mexican War, 1846-1848
The total money cost of the war on the American side has been given
at very low and at very high amounts, and none of the estimates
inspires much confidence. The excess expenditures of the army and navy
appear to have been $63,605,621; of which $49,000,000 were raised by
selling bonds and treasury notes, and were substantially added to the
national debt. But these figures by no means answer the question. To
the apparent cost we must add twelve millions paid later to Mexico,
the American claims of which we relieved her, the war expenses of the
treasury department, bounty lands, pensions, valid claims for damages,
and other liabilities of many kinds gradually discharged after peace
returned; and from the total must be subtracted the bonds and treasury
notes then available for issue and the actual worth of ships, ordnance
and other materials required for the war and left over. Evidently it is
not feasible to reach a satisfactory conclusion, but as a very bold
guess one may suggest a hundred millions.[33.25]
Even were that a close estimate, however, it would mean little. On the
one hand lives, physical and mental sufferings, personal losses of
every description, much national obloquy and a thousand minor factors
would need to be considered, and on the other our gain in territory,
in recognized power, in military and naval efficiency, in national
self-consciousness and in particulars not so obvious. One thing,
however, is clear. The war cost far less money than its opponents had
expected. Webster solemnly predicted in December, 1846, that should
it end the following spring, our debt would be a hundred millions,
but on the first of July, 1848, the debt was less than sixty-six
millions.[33.26]
XXXIV
THE WAR IN AMERICAN POLITICS
1846-1848
In Mexico the war had far more intimate relations with politics than
it had in our own country. Here invading troops did not scatter our
civil authorities, Presidents did not rise and fall, cabinets did
not organize and melt away, revolutions and revolts did not hover
continually at the door. Every part of the country contributed to the
result. Supplies were voted, and troops assembled according to law.
We have therefore studied Mexican politics in connection with events
as these occurred, and reserved American politics to be surveyed more
comprehensively; but this does not imply any lack of significance in
the second topic.[34.1]
Public-domain text, read in full here on John Shaqi.
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