Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1814-10-06

be expedient to increa se this tax 10 well as
the present internal duties; and also, what
new objects of taxation may for that pur-
pose be most adyantageously resorted TO-
But the plan of finance above referred to
assumed as one of the grounds upon which
it depended, that loans might be annually
obtained during the continuance of the war
for the amount of the extraordinary ex-
penditures occasioned by it. The expe-
rience of the present year furnishes ground
to doubt whether this be practicable, at
least in the shape in which loans have
been hitherto attempted Nor is it even
certain that the establishing and pledging
of revenues adequate to the punctual pay
ment of the interest and eventual REIN
bursement of the principal of the sums
which will be required for the service OF
the year 1915, would enable the Treasury to
obtain them, through the medium of loans
effected in the ordinary way.
With this view of the subject, it is res
pectfully submitted whet her itwould not be
expedient to extend the provisions to be
made for the service of the ensuing year,
beyond those contemplated in this plan OF
finance, hitherto pursued for carrying on
the war, SO as to provide by means other
than loans for at least portion of the ex-
traordinary expenditures occasioned there
by. This would have a tendency to ensure
public confidence and preserve and cSniirm
public credit.
The present state OF our country, grow.
ing out of the unjust policy of the enemy,
as we'll as the unusual manner in which he
prosecutes the war, calls for new and extra
ordinary exertions on the part OF the IA
ton. and the means requisite to meet the
expenditures which these may occasion
ought to be provided.
The resources of the ngtion are not cX-
tausted, they are ample and the occasion
requires they should be brought into full
activity.
The very expenditures which render ne
cessary the imposition of additional taxes
will themselves have increased in the com
munity the ability to discharge them.
The prorptitude and cheerfuiness with
which the present taxes are paid, afford the
best pledges of the spirit with which the
people will meet such demands as the in
,erest and safety Of the country may
require.
4 people who have not only tasted, but
enjoyed IN their full extent, the blessings of
liberty and independence for more than
thirty years, cannot consider any sacrifices
too grcat which are found indispensable to
preserve them inviolate.
Those sacrifices, however, which may be
demanded by the present crisis in our af-
fairs will be Of a temporary nature only j;
for while we may fairly calculate that with
the Termination Of the present contest. the
duration of which will be shortened in pro
portion to the vigor and unanimity with
which it is sustained on our part, will cease
the expenditures consequent on state of
war, and render no, lor ser necessary con-
tinuance OF those extraordinary revenues
established to provide the supplies requi-
site for that object we may with equal
confidence rely that the growing revenue
arising from the commerce Of few prospe-
rous years of peace, will be found sufficient
to redeem the pledges which have been
made to the public creditors, and thus re
lieve the people from, those burthens which
times of danger and difficulties rendered in
dispensable.
All of which is respectfully submitted
G. w CAMPBELL
EreaSsrry Department,
September %, 1914