Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1860-12-18
Making
S337,4U7

which South Carolina must raise in order to
put on foot three regiments Tor thirty days,
without providing barrack to sleep IN, for
JitiCation to fight ~, ship 10 guard their sea
coast, d pound of powder or shot 10 hre sa-
lutte VI on Independence Day Without a
penny for lie ca, government or Tor dIplo-
matte service, or for The new monarchs civil
lis,-and he must be pretty expensive piece
of property # he realIzes the expectations and
de~cris If his new subjects. OmItting 50 much
oi tnis outlay Is not OF monthly recurrence,
the annual expenditure OF three regiments,
without ammuuI ION, barracks. iorts, or any
thing bat simple existence, would amount to
S2.3Sl.I 1871.
Having aScertained what it viii cost to put
Il rec regiments unde arms, now let Us look
hts,e ri The financial resources of South caro-
lima for meeting such an sApense.
The fuu,'ed deb; of Ike State amounts to ga
0 rs 800. The interest OF winch. at six per cent,
wuuld toe S2l2.19J Ihe Stale Is also liable
tor a subscription 10 tie Blue Ridge Railroad
and has agreed Ia endorse lis seven per cent.
bonds Tor = OO0,00O and na, guaranteed the
bonds ut tur South Carolina railroad Company
tor - 900 09O making a contingent liability of
The state of SS3U01 0JU more. Most OF her bebt
Is owned I'D Europe. In the course OF tins and
tl.,. next month thai debJ will begin 10 travel
nafuc,.rtI. European creditors viii have no
faith Whatever ~ her securities, The moment
the a. pfeheud serious danger oil her separation
from the Union. The arrival OF these bonds
Will make the statesmen of the 6aucey and
BIett and Rutfiu school what their vanity
and c,tuceit makes them now blind to, the utter
lmpu-SIhiiiv ct negotiating loan OF even
S40JU0J outside OF the Stale cf South Carolina
=. any rae Her bonds vail no; bring So on
q ,Gred IA tins city, II &c We're belIe' eel mat
she vouli not remain IA ihe Union. And there
L. uo doub. HAT they would stand higher IN
ans than any other market IN the world. for
their value II they possessed any, would be
more accurately appreciated here than else
where Even uuw, hen the great body "i our
people share our own confidence that the pres
eut demonstration al The South viii soon end
hv maxim. all concerned IN them ridiculous
the bonds Ell .le State have sale, and II more
were put tllou The market. the Stale wound
not realize the expense ui engraving aud utter
ing them
Under these circumstances tie State would
have 90 raise he three regime MS al expense
of S33I .437 per month from her own citizens.
who are already taxed Tor debt winch amUuut
10 abou, fourteen dollar, per head for every
white citizen. Whe-her they Will care 10 AID
much L. tual burden IN lie lace ct 4 deficient
corn cup decreasing exports of cotton, "a gem
rral interruption OF all kinds Of business, The
prospect Of unpleasant relations with tie fed-
eral Government 81 inditiuI.e duration, and the
consciousness thal II wuuli he the first sep IN
their new expenses, which would double, triple
ana qvaIri pie II they persisted IN the move
J-.et,t for Independence, are questions which
need only 10 be stated 10 be auswercd--A. /.
Post.