The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1861-12-31 00:00:00

MR. CHASE'S BUDGET.

Mr. Chase, the secretary of the Federal Trea-
sury, has laid his financial statement before the
Northern States' Government, and in oilier that
our readers may the better understand it—for it
is • remarkable document—we will contrast it
with the English budget during the Napoleonic
war. Mr. Gladstone, in his celebrated financial
statement iu 1863, stated that the average coat
of the French war and of the civil government
of Great Britain from 1806 to lab. inclusive of
interest on the debt, was 4:56,294,000. Mr. Chase
mks for £122,000,000 fur all purposes; and as
£18,000,000 used to suffice for the Federal
Government, the trifling interest on its debt
included, the sum of £104,000,000 represents
the cost of the war for the present year, being
nearly twice as much as the French war and civil
government cost us together,and therefore much
more than double what the French war cost us
of itself. The details of Mr. Chase's estimates
are curious enough. On the 4th July last he
estimated that £71,666,010 would suffice to carry
him through the year, of which be hoped
£18,000,000 or thereabouts would be raised by
taxation. He has now revised his estimxtra, and
he finds that lie under-estimated his expenditure
by 70 per cent., and overrated his receipts from
taxation by 50 per cent. In other words he in-
tends to obtain by taxation £12,782,189, and by
loan, £109.484,2. And what have the
Federal Government obtained by this enormous
outlay I They have obtained senile acres more
or less in the State of North Carolina,
near Port Royal, and they have a large army at
Washington, but with these exceptions, up to
the piesent time, and 111:11Iy months of civil
warfare, the miparrelled expenditure km been
productive of no results. But let us carry our
contrast a little further. Although during our
Napoleonic war, our expendure was but little
more than £4),000,000 annually, the sum from
various reasons increased year by year. till in the
year 1815, our expenditure was £119,361,619, of
which we raised, crippled as we then were, 75
per cent, in taxes, while the Americans, free as
they now are, raise but 10 per cent in taxes.
The American journals may b sat that a seven
years' war cannot harm the Federal States, and
will do them a positive good, but if their expen-
diture goes ou at this rate—and it must neces-
sarily increase—they will aasuredly secure for
theuiselves a national debt, which no country in
the world need envy.

DORCHIATER PITCHED CORN Niacin', Saturday
December 2S. —Although there was • 10.4 supply of
every description of grain on offer, there was no
disposition to speculate, and trade ruled very dull.
We deeply regret to announce the sudden death
of Frederick Ingram, Esq., which melancholy event
took ',Lice on Sunday last. The deceased was
taken ill on the previous day, and was well.
known for his kindness of disposition, and urbaaity
of deportment._

ACCIDENT. —On Monday morning a serious acci-
dent occurred in Benoett's-court, by burning. It
appears that Mrs. Bartle.t, a widow, left her two
children with Mrs. Damon, while she went Go wool:.
Mrs. Damon also went out, leasing the children
together in the room, when the clothes of one of
ti.ein, four years old, by some means caught
and was burned iii so shocking a manner that it is
mot expected to live. It was conveyed at once to the
IMrset County Hospital.