The Continental Monthly, Vol. 3 No 2, February 1863 Devoted To Literature And National Policy   By: Various

The Continental Monthly, Vol. 3 No 2, February 1863 is a collection of varied literary works that shed light on the national policies and issues of the time. This issue features a diverse range of content, including essays, poetry, and stories, all of which offer unique perspectives on the social and political climate of 1863.

One of the standout pieces in this volume is the essay discussing the importance of literature in shaping national identity and political discourse. The author makes a compelling argument for the power of literature to educate and inspire, highlighting its ability to bring people together and provoke important discussions about the future of the nation.

Additionally, the poetry included in this issue is both poignant and thought-provoking, offering readers a glimpse into the emotions and experiences of individuals during this tumultuous period in American history. The poems touch on themes of love, loss, and resilience, capturing the essence of the human spirit amidst political turmoil.

Overall, The Continental Monthly, Vol. 3 No 2, February 1863 is a captivating read that provides valuable insights into the literary and political landscape of its time. Its diverse range of content makes it a compelling and informative resource for anyone interested in exploring the intersection of literature and national policy.

First Page:

Our national finances are involved in extreme peril. Our public debt exceeds $720,000,000, and is estimated by the Secretary of the Treasury, on the 1st of July next, at $1,122,297,403, and on the 1st of July, 1864, at $1,744,685,586. When we reflect that this is nearly one half the debt of England, and bearing almost double the rate of interest, it is clear that we are approaching a fatal catastrophe. Nor is this the most alarming symptom. Gold now commands a premium of thirty two per cent., as compared with legal tender treasury notes, and, with largely augmented issues, must rise much higher, with a correspondent increase of our debt and expenditures. Indeed, should the war continue, and there be no other alternative than additional treasury notes, they will, before the close of the next fiscal year, fail to command forty cents on the dollar in gold, and our debt exceed several billions of dollars. This would result from an immense redundancy and depreciation of currency, and from the alarm created here and in Europe, as to the maintenance of the Union, and the ultimate solvency of the Government. Indeed, our enemies, at home and abroad, the rebels, and their allies in the North and in Europe, already announce impending national bankruptcy and repudiation, and there are many devoted patriots who fear such a catastrophe... Continue reading book >>