US Presidency
1868

In 1814 the annual expenses incident to the War of 1812 reached their highest amount about thirty one millions -while our population slightly exceeded 8,000,000, showing an expenditure of only $ 3.80 per capita. In 1847 the expenditures growing out of the war with Mexico reached fifty-five millions, and the population about 21,000,000, giving only $ 2.60 per capita for the war expenses of that year. In 1865 the expenditures called for by the rebellion reached the vast amount of twelve hundred and ninety millions, which, compared with a population of 34,000,000, gives $ 38.20 per capita. From the 4th day of March, 1789, to the 30th of June, 1861, the entire expenditures of the Government were $ 1,700,000,000.