The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-10-16


pendiiure instituted by the present A,.lniu;s-
trat,on 10 carry oD tie war ayans, the South.
The Cincinnati Lagunsr, in an artiele repub
iished by us yesterday. tells as that six hun.
dred millions form no ,Yiiie of debt for the
Yankee nation 10 bear. whatever President
LiscoL> may think Of t. Il adverts to the
signitican; fact that it is.oee than one..cventl,
OF the debt 'et upon the shoulders of Great
Britain by eight hundred years of war The
wealth Of the United States, it observes,
ia not moro than one tenth part the
wealth of Great Britain, and consequently
i; will be harder for the United States 10
bear debt of SIX hundred millions than il
is for Grea, Britain to bear her present debt OF
four thousaud millions The interest on $500
900 GCo at SIX ger eeat is $50, 900, fully ~
much as the custoins yield annually, upon ali
average Ii would be necessary, therefore, TO
raise the sum required for the expenses Of the
Government by direct taxation, and the rrin-
cical would have IA be paid, if il ever was
paid, BIZ an assetsmen. upon the pockets 1
the pcople. The funding of this debt woulo
create an aristocracy, and grind down the
poorer classes. Taxes upon tea, Coffee, sugar,
moasses-npon all articles Of luxury or De-
cessitv--would necessarily follow, and would
be added to the State, municipal, and eorpor;
ton debts under which lsnkeedoru i.lread,
yroanr. Such is !. Yankee estimate of the con,
sequences dependent upon the creation of a
debt of six hundred millions.
But suppose this war should last ten years.
What will be the state Of the care then !
The Yankee Government il spending II
this momen, S. 50G, $50 II week--that ia, $ti2,
,alO, e0a year. Since the revenue from Gus
toms j. only 10000 ,no0a year, j, is impossi
oie 70 suppose that Il dollar OF the piincipa.
.hus accommodating VIII he paid oil in tue inter
sal livery year i, will be necessary to rast
4 fresh su,n OF S432 ,UGu,nUU. This yea
he Yankee pays Interest Oh $bvv, vVV,uo'
and be Is directly taxed IL do it
Next year he pays the interest on J0,GDU,
yUO, the old deDG, ana fresh debt OF Sil2, cno,
uUe; or casting mp the Whole SUN, he pays til,
interest next year OH 81 ,Oi-, 1900, winch IL
.uund numbers is $oouUv,'tU. Thus his
,aAes are raised every year s.ic,Uce,u"3, an1
III the end of the ten years he Inds hls country
upwards OF tive Thousand millions III deu,,
ana lie is TAXED TO ;asist III paying AL i,lteres,
Coaching TIE euorHour Inquire oi Sja' ,tdJ UbC
Now, tue tol.i ,alIua! charge Tor Interest
ul,,nA cement, t~c.. OF LII. funded national dep
VI Urea. BRIAN never exceeded = L., UUu, uu,
sterling, or about S4lU, pv,tbU, ana 1t obi,
,cochea this figure III ioiu, Tue year after Iii,
Greut French wars were finished. Inc Gin
ciHlatl Lhqaaftr SAYS that he wealth Of Erea
britain 10 ten times d great that 81 Ia.
iauheer. We know not tue relative value o.
property in tie two countries; but this wv
Auuw: that in 1916, the period when Grea,
Britain paid most interest, the public anu
private prope Is OF the British Empire ex-
eeeded four thousand inillions Of pounds ster-
ing, that is twenty Thousand millions OF dol
ilrr, and THAI the aggregate annual income il,
Great Britain and ireland exceeded four hun
dred million OF pounds sterling. or two thou
sand millions OF dollars. Have the Yankees
any such baris Il. this 10 found the creation Oh
larger debt, bearing /. larger interest, upon 4!
Hy the creation OF this enormous debt the
Yankees destroy everything of winch the!
have heretofore boasted. They destroy then,
manufactures, for the taxes will be so high
that they canno: afford to manufacture. They
destroy commerce, for il caEnut exis. undeI
such load of taxation They destroy theiI
cities for taxation must render it Impossible
tor any blu, wealthy men to rent houses. Ihe,
reduce the price Of labor 30 low that the
operatives in the factories canuot live and the
laborcrs on the farms must lie contcn, with
tae eoarseet food. They eat up Immigration
By the roots, for foreigners will not come to
AMERICA 10 be taxed as highly Is they are
taxed Al home They deal a death-blow t.
ell public improvements; for who will buy
railroad or canal shares when they are taxed
50 highly that they Weld no profit The
wrctchedn ess that mus, settle down uron all
Yankeedom is beyond conception, and yea the
value Of these Sonibern States 70 them was
so great that they are willing 10 encounter il
ell, rather ,han pant with them.