The American-Spanish war; . Dec. 24, CHAPTER OF THE TREASURY DEPARTMENT. BV Hon. LYMAN J. GAGE, Secretary of the Treasury. I IT is well said that final judgment cannot be passed uponevents still recent. This applies to the financial historyof a war as well as to the operations of fleets and until years after the civil war closed was there fully com-prehended the depth of that struggle as measured by the prob-lems met and solved in raising money. Now that time hasset its seal on the efforts of those who achieved or failed inthat fearful conflict, the financial trial
The American-Spanish war; . Dec. 24, CHAPTER OF THE TREASURY DEPARTMENT. BV Hon. LYMAN J. GAGE, Secretary of the Treasury. I IT is well said that final judgment cannot be passed uponevents still recent. This applies to the financial historyof a war as well as to the operations of fleets and until years after the civil war closed was there fully com-prehended the depth of that struggle as measured by the prob-lems met and solved in raising money. Now that time hasset its seal on the efforts of those who achieved or failed inthat fearful conflict, the financial trials of a generation ago arebetter understood. We know well to-day the effects of meas-ures then adopted and their influence on subsequent affairs,while we see in a clearer light what was actually accomplishedat the time by the Government for the Union in the resort tomany expedients for procuring funds ; and we realize morefully how the Confederacy suffered, in depreciated paper cur-rency, a repetition of the direful and well-nigh hopeless d
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