Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1859-02-23
Cuba.-..The Money Question.

Cuba.-..The Money Question.
! The phantom Of huge national debit TO be
contracted by a treasury almost bankrupt, rs
held up in various quarters to obslruct the TAX.
ing OF any steps for the acquisition OF Cuba.
| The country is told, in lugubrious tone, that
we are in condition TO be obliged to raise
money BY loa,is, 70 support the necessary cur
tent expcnces Of Government, and must lay
new taxes TO provide for ordinary wants oi
daily support and inevitable debt And the
question is asked, with n triumphant sneer, is
this the time to be talking of espend'ng ndef-
nile millions for the purchase of new territory.
This is plausible clap.trap only. There is
no substance whatever in the objection.
The embarrassments Of the American Treas
ury are mere temporary irregularities OF fin
ance, NOT The want of means or resources Tor
nny purpose needed BY the interests OF the
country. The national income has fallen ot
from the force Of transtory circumstances, or
IN consequence Of defect in the means provi
ded for drawing what is necessary from the
Golfers of the people, where is the true lreasu-
nv of the United States, always full. II there
be any public purpose, touching the natlona !
f6 fsf6nor ana interest which requires money ii is
absurd TO tell us we must abstain from a'iemp'-
inp 10 accomplish it for fear the people Will
not respond 10 The demand for it, when it is
made
In tI. matter Of the acquisition Of Cuba,
the state of the fnances-hat is, OF the ma
chnery for calling in the public depository the
contributions of the neople---ls no sort OF
rresent importance. All that is to be asrer
tained, IS whether the accession of territory is
desirable for the national uses, and desired by
the peope---and the money can be found when
it is wanted
But money is no, wanted from the strong
box of the government in its present exhaust.
ed condition: nor from the people, in the shape
of tax or contributions Of any sort. 1t is sim
ply the undertaking or pomlse that money shall
not be wanting, when it is needed' lrr the
great object which the whole country has at
heart. Nobody expects that if Cuba should
be bought, for fifty, or hundred, or hundred
and fifty millions of dollars. the price is TO be
counted out, by tellers, in the hard coin from
the sub.treasury vaults Like all other large
sums for special purposes, it would he raised
BY an issue of bonds, making debt indeed,
but Bringing with il the means of payment-an
investment rather than an expenditure. The
idea, therefore, that it is to be strain on the
al ordered treasury of to-day, and that this
consideration should prevent us from consider
ing 1t at all, is mere bugbear Of idle imag'n-
auon, or the sinister suggestion OF an under
hand policy of opposition. Thefe will be-
money enough when il is wanted for the pnr-
nose. It is not wanted now, for there is only
a contingency, IN which the use of credit and
The certainty of Obtaining what is wanted may
facilitate the completion OF negotiation yet to
be commenced
The payments, whatever they are, will be
spread over long series of years, adding. not
sensibly to the burdens the people would be
willing to bear for such an object. And. final
", Cuba will bring with herself, ample remun-
Grafton for any outlay incurred in the acquisi-
tion. not only in the vast addition to the mass
of general prosperity, in the growth OF com
mercinl intercourse enriching all parts OF the
cou try, bnt in positive revenues TO the pubic
treasury, with which to meet the lnstallments
for the purchase.
The Senate report, from the Foreign Com
mittee, presents at some length remnnerating
views of the annexation of Cuba, in its effects
on the revenues and general development Of
the two co,ntries, and the. finances Of the Uni
ted States. We are constrained'to condense
much that it would be interesting to give in
detail. In 1856 the imp,rtatlOns into Cnha
we're S3l PIG 600, and the exports s34SO3O0
OF these imports it is difficult TO ascertain,
what portion is from the United States, and
would no longer he dntia5le under our laws, al
ter annexation. But The estimate is, that un-
der a revived trade and the impulses given by
change Of political system, and the introddc-
lion of American freedom Of enterprise, the
dutiable imports will produce an immediate an
nnal revenus Of three millions Of dollars tn the
United States treasury, constantly Increasing.
The release Of the trade b tween the two
countries, from the restrictions and prohibitions
with which Il is loaded by Spanish laws, will
add immensely to the exports Of domestic pro-
duce 10 the island. giving an impulse OF vast
benefit to our own produce busiuess. Spanish
di.eriminations against the products Of the
United Smtes. have reduced our commerce
with the island 70 insigni6eanee. Only 4.00O
bnrrsls Of -four Rsrs tskenaio Crba, against
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