The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-10-18

Tag YAsNTx FuruRs--Ns made, yester
day, some remarks upon the taxation 10 which
the Yankees are sebierting themselves by their
ridiculous prosecution OF this war Is..sing oar
remarks upon those Of the Cincinnati Ea.
qs,rer, we gave them debt of $500. 900 C,s,
to start with, aud calculated the interest a, six
per een, In following the paper in question,
we gave the Yankees more credit than thew
are entitled to. The money constituting the
debt was borrowed at ~ per cent, not at 6,
and the interest for one year amounts to Sl5.
100000, instead Of 81, 000,0O0 As the Yam
KEGS have no other mode Of raising the wind
than loans, it is fair to presume that they will
borrow at least IA much each succeeding year
OF the expected ten years war rs they Dor
rowed this year-that is, $500, 000,G 600. The
probability, nay, the certainty, is that they
will increase their loans every year; but We
will let them stand as they are and at the same
rate, although there is o certainty equally pal
pahle that the rate, too will rise. The page
will be black enough after all the expunging
which il is possible To allow, Let US rec how
much money the Yankees will have paid at
the eud of the anticipated ten years war,
when they shall have been saddled with deb,
exceeding five thousand millions of dollars
bearing an interest of at least z! per cent
Their debt the first year will be $600,o0 900
The interest thereon will be $45, 00D, 900 This
interest they will have to pay, unless they
mean to break down the credit of their Coz.
eminent entirely by reputation, and tho
must be taxed 10 pay it. The second year they
will be taxed 10 pay the interest on an ad,idl.
iional 500, eO0, 600 That additional interest
at Il per cent. amounts to $37 800, 600, and
he;un. added to the interest of the former vea,'
a., 90, OOO,) the whole sum is represented by
the figures $50, 5000 The third year an
additional s37, 100000 will be added, making
the taxes to be paid S120 000,0 The fourth
year they will be adding the interest asabove)
$l57 800, 600. Adding the interest of the fresh
loan each succeeding year, the fifth year gives
us $l9j oG0,00D; the sixth, S232, 800 600; the
seventh, $40 000, 900; the eighth 1907 500 000;
the ninth $345, 100000, and the tenth, $3.50,
500,0 These enormous sums the Yankees
will have to pay in the shape of taxes. At
the end of ten years they will have paid
S2,G9I 900 ,Go0 for Interest On the public debt
The Cincinnati Enquirer estimates the reve-
nue. from customs at $4,000, 900 per anntlm
We are confident, now that the Southern trade
is gone forever, it will never reach more than
half that figure. Bat we allow it all. In ten
years this would make a sum of $3.50, 900 600.
Take this sum from $2,O91 500, 200, and a bal
ance is left of 81 ,731 500, 600 to be raised BY
other means, and there are none other save
direct taxation, so far AS we can discover AT
ter paying all this money for the interest on
the public debt, that debt at the end of ten
years will remain intact, for the exigencies of
the Government will not admit of a sinking
fund. II will reach the figure of 80 100 ,0G0,-
600 at : ! per cent. When the rate of inter
est is taken into consideration, it will vastly
exceed the public debt of Great Britain at the
end of the French wars. The interest, for
which provision will nave to be made every
wear, will be $3.50 ,000, 900, exclusive of the
sum necessary to carry on tie Government
The largest sum ever paid by Great Britain
for interest on the public debt, We have seen
was but $2l0,00o,0 600. To have called for d
sum in the shape of interest amounting, at )
per cent, TO 1882 ,O00, 900, the British debt must
have amounted to S7,17l 900, 600, or about
Ct $50, 900 sterling 1t fell short of that fig
ure, even when f200, 000, 600 of it bore an in
terest of and 4 per cent, by $4,000 900
sterling and upwards.
From the above speculations, which We be-
lieve to fall far short of the mark some idea
may be formed of the reckless folly with
which the Yankee Government is plunging
into difficulties such as no Government ever
involved itself in from the foundation Of the
world. at the ens Of ten years, if the war
continue, the Yankee nation will be the most
heavily taxed nation that ever existed In face
of the trightful prospect opening before him,
the Yankee President consoles his faithful
ieges by telling them that the debt they wi I
have to bear will not be larger in proportion
to their ability to pay than the debt of Great
Britain ia in proportion to the capacity of
the British people for sustaining it. If there
were the least shadow of truth in this state
ment, it could afford but poor comfort to the
victims Of his financial experiments 1t would
foreshadow, for all time to come, pauperism,
misery, crime, and degradation, such as We
had hoped would never be witnessed in the
New World, for at least five hundred years
to come. 1t would Indicate starving opera
tiyes, overworkcd and i'll fed mechanics, rag
ged agrcutnrists, riots in the cities, discomfort
in the country, wars between employers
and their employees, burnt manufacto-
ries, murdered capitalists, anarchy, distress,
and despair throughout the nation. 1t
would foreshadow the approach of an
era distinguished by the establishment of
enormous poor rates and fresh taxes to sup
port them. All these things have been in
England, and in all human probability will be
again. And to the probability of their existing
in Yankeedom, Mr.. LINCOLN alludes with the
most philosophic calmness, and tells his peo-
pie they can carry on this war if they will
voluntarily reduce themselves to the condition
which they indicate.
But it is not true. The Yankees are not
as able to support the coming debt, in proper
ton, as the English were. The resources of
Great Britain are infinitely greater than
those of the Yankees. What resources, indeed.
have the Yankees Take away the Southern
trade, and they are the poorest people on earth
A FULL VoTE.-The New Orleans Bee very
appropriately urges that the South give a full
vote at the Presidential election in November,
in order to disprOVe the Rep,ll,lican assertion