to reach a satisfactory conclusion, but as a very bold guess one may suggest a hundred millions.[1]
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.[2]
