The enquirer. [volume] (Richmond, Va.) 1804-1815, 1807-11-17
dolls. 2S.s3o,ooo

RACES, afford to government an opportunity of obtain
ing interett on the public depofts whenever they
fhaIl exceed Certain amount.
Should the u. States, contrary to their expectation
and detre, be involved in war Is believed that the
receipts OF the year 1903 will not he materially al
ie6ed by the event, inaimuoh they will principal
y are from the revenue accrued during the preient
year The amount Of euthanding bonds due by i'm
Por'erS after dedu9ing the debeDtures hued on ac-
count o expectations exceeds, this time fifteen
millions OF dollars The deductions TO be made from,
theie on account If 1T reGurn, re. expectations would
IN cafe OF war, be Ies than ulual for expectations
Will then I've checked, well as importatons and in
proportion as theie will decreafe, greater home de-
mand will be created for the nock on hand, and the
necelitY of re.exportng be diminiihed
il has already been Gated, that the fpece in the
Ireaiury a: the end of this year together with the
furYus OF the year l9us, vi amount 70 near eleven
millions OF doars-a fun probably adequate to NEE,
the extraordinary eypentes of the war for THAI YEAR
IL will ALTO be recolleed, that in the eftinated ex-
pTuces Of the year 1908, tie reimbursement. of near
five millions and half Of the principal of the debt is
included. The only proviiion therefore which may
reader any contingency neceary for the extraordinary
rrviee OF that year. in order any deficiency
OF revenue or increaie Of expenditure beyond what
has been eiina;ed, will be an authority to borrow
fun equal 20 tina. reimbursement.
That fhe revenue Of the u. S will, in fubfequen,
years, he comfortably impaired by war neither can
nor ought to be concealed IL is on the contrary ne
teary, in order be prepared for the cris to take
an early vie~ Of tire fubea aud to examine the re-
fnurces which fhoud he feIe6}ed for flIpplyng the
deficiency, and deirayug the extraordinary eIpen-
ce5.
There are no da from whi,h the extent oil the
dedication can, az TINS moment, be calculated or G.
ven eNima'sd IL will he fUfficent TO 1ae, m Tha.
1t appears neoearyo provide revenu. at lean equal
20 the annual expenses peace eablihn1ent the IN
tereh Of the exiting debt, x the n,ereG on the loans
which may be raired. Cd Tha. thofe expences. TO-
gcther with tbs intersn of the debt will after the
year Sos amount fam lefs than even millions of
dollars, and therefore, that the preent revenue of
i45oonoo dolls lhal be diminiihed more than one
half by the war; il will lill be adequate TO the obiea
leaving only the ntereR of war loans to be provided
for.
Whether taxes mould be raled 70 Greater amount,
or loans bc altogether relied ON for derayng the ex
pnnces OF war is the mex, fubjet Of confederation
Taxes are paid hy the great pnafs Of che citizens
andsI7ediateiJ affect auoa every individual Of the
community. Loars are lupplisd by capitals rrevi.
ouiIy accumulated hy few Individuals IN a coun.
Try where the reloUrces IF individuals are nor gene
rally md materially Affected by tho war II is praaiea
Die aud ~fe 70 rasbY taxes the greater part at leaf
Of the o1ruai iupPIlcs The credit Of the nation may
slf7, from circumstances be a times 70 far
impaired as 10 leave no reiouree bot taxation IN
bo,hrsfpe9s the ituaion Of the u. States is totally
dilirilar.
maritime war viii, in the u States, generally
s1d deeply afe9. ~hA il continues the reiourees Of
Of individuals % not only commercial profits will he
enrta'led, but principally becsufe great portion Of
the iurplus 81 agricultural produce ueceuiy requires
foreign natlset The reduced price Of the pfincital
articles exported rromhe y. States will operate more
heavily than any contemplated tax. And without en-
Curing whcther4 iimi1reaufc may not iill more deep
~ permanently aiIct na,ioa az war with the u.
it lssms to follow, ai 10 fsr as rslaes 20 America,