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Rh land on our shores as many troops as he may desire. His army can live off the land. Having possession of the principal ports of the country, he can collect those revenues which have formed the greater half of the revenues of the Federal Government; and our Treasury will be depleted to just that extent. Therefore, if we carry on the war, the cost of the war, not merely to us but to the enemy, must be borne by the United States.

"The question of our ability to raise and equip an army sufficient in numbers, equipment, and training to enable us to drive the enemy back to the sea depends, primarily, upon the strength of the forces which he may bring over. So great is the prize for which Germany would contend that she would match corps with corps, army with army; and, supposing that no European complications arise, it is conceivable that we should find ourselves