Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1808-01-09

!, Md for each ubseeotns year. including
,era;,s. considerably more than three
millions Of dollars. Can II DC possio'e '.iA'
nc I. "A economical establishment; Are
! ], ] ore pared to expend 10 one year iour
mil ors and halt, 10 two years eight aiii.
! ,,ons Of dollars upon such an unprcnis'Ig
! experimens? Fer one am DOT sent acre
- scaan1er away the peoples money 10
his manner and upon such objects.
t Before we incur an caps nee 80 eot rmous,
we ought at leasso examine the ssa.e OF
our finances, and toerqlire WHAT VII o.
the situation Of our revenues and resources
10 time Of war? The annsal repor, OF
the sec'sy Of ,he ueasury,as ,hecoa'mence-
men. of the present seseicn, CONTAINS osw
preiec, of inaucs, and cerainly very ex.
raordinary one Il is for period q walk
tit is-proper TO examine it.& 10 endeayort TO
discover from whence our annoal arPro-
pYia,ion Of three millions OF dollars tor gun
b ,sts alone, is to come nihai eveai' ne
secretary says" It appears Eecessary 70
provide revenue a. iess, eqaa. TO fhe~an
,
ipseses, Of The existing deb, and the 'n'e'.
sst on the osns which NAV be raised nose
exprnces together With the interest Ct The
| debt, sill aftes the wear 1908, amount 10
I sum lees than seven millions ct dui!ars,
and therefore if The present revenue CT
1900 600 dollars shat! oct be dinjDlshed
more than one hs!f by war, IT W Ii
still be adequa.e 70 that objec', leasing
| only the inseres, Of the war Ioars 10 be
provided for.'' The project is cale ola.ing
! that seyen millions of ordinary srevenue
will still, be collected ln time Of var, TO raise
BY new taxes aa annual sum eqaal 10 the
( ir!eres, of The war loan. tia; is the whole
sucn necessary to carry on the WARRIOR we
are 10 borrow every cent Of it, and leave
the people 10 pay the interest as it accrues
and increases from year to year.
The annual exoences Of war. including
the supper, ct an army OF 40 600 men,
which uunbyr, at least, VII! be necessary
to take and keep possession OF Canada and
! Nova Scotia, aod every one seems 20 be
| l:eve shas must be done if we 60 10 wa,
and indeed it is all we can do besides de-.
Tending ourselves, will probably not be less
than 90 600 900 Of dollars. is unneces-
saw TO trouble The house win ali she mi.
nu,a of calcula In which have produced
! this resul, in my own mud boz can con.
hdept'y appeal to military men Tor de.
| cision that ii is uos optrra!ed. We are,
| ,hsr L,- .taio new Plso Of hoanciai onsra
lions, 10 pay the ioseres, OF % millions for
| be FIRST year, Of double .ha; sun for the
| uex', and 50 on; for, as we are 70 pay
Go,hlng towards the principal, snd TO pay
( the ioierest as i:tecame due, we muss pay,
., the end Ct he drsl year, ore years 10
,eres. Oh the frs, loan, a, the eEG q -She
second year, years interest 90 the sTconc
| loan, &another years interest 90 IN; S % !,
! & nE coufs ncrease 90, taxes as she in erxs
| OF ihe- wa loss augnenl. h. system: Is
peculiarly Ingenious. as our taxes are 10
| be increased ~ the inverse ratio 10 our g.
! biilsy to pay them. In proportion as We
b,me Impoverished by war, our burdens
s.;e 70 be iocgessed AT az enormous rae,
as vii appeaE 10y The follow ng calculations
! n which he inteTes, is recs cned g. per
cep,. per aaae:n
59,2,r;baJ m