New-York daily tribune., 1861-11-12
FINANCE AND BUSINESS.

Denditure5 OF the Feuerai OOVcrnuncut us Iatner
under than over One Million Dollars per day.
We deem this gross understatement. There
is not man less than Half Million soldiers
Irregular, volunteer, and mtia) this day look
inc to the Federal Treasury for food, clothing
Transportation, and pay; and our army has hith-
ertO cost us fully $1,000 per man per annum'
or about $3 per day. We do not believe tho
average is below this at present, especially il
the cost of recruiting and fitting out regiments
is included. We believe the outgOes OF the
Government, including the cost of the blockade
and the great Southern Naval Expedition, are
fully $4,000, 900 per day, or at least 500, O,OOo,'
900 per annum. When our armies shall
have been fully recruited, clothed, and equip
ped, with cannon and small arms, horses, wa
gons munitions, &c, &C., it may be con-
siderabIy reduced; but we shall not be spend
ing 30 little as $1,000, 600 per day again TIL
this war is concluded.
Tie Commercial is msled by accepting the
amount of payments from the Treasury as the
measure of the daily expenditure. But the
Government spends faster than it pays or else
its contractors and other creditors arc most
unconscionable grumblers aud liars. We pre-
sumo there are at least $50 900, 600 this day
honestly due from tho Government for goods
had and received, but not yet paid for. Had
this been promptly paid, the OutgOes OF the last
seyenty-two days would not have been $780,
43O 900, as The Commercial makes them, but
nearly $50, 900, 900. And, as our armies are
much larger now than they were seventy, SIX
ty, or even forty days ago, our expenditures
are of course augmented, and will, for the like
reason be larger six months hence than they
are now. War is costly business-more costly
now than it was before railroads, rilled cannon,
and shells wero invented. 1t will be idle to
talk Of sending our armies into Winter quar-
ters under this gigantic load of expenditure.
The war must and will be pressed on with
yjgor TO q conclusion. In June, the coun-
try was told that that was no time for active
operatons-we must wait till Novemberi now
il i, Whispered that we must wait TIL June
again. 1t cannot be.
The fact that we are-under the copjont in
Anences of a short crop in Europe and the
Morrill, tariff in Notwithstanding specie from
the Old World while maintaining an army OF
Half a Million men, beside an equal number
in arms for the rebelon--is exulted over by
many as though We might reasonably expect
to keep on drawing coin from Europe, while
spending one or two Millions per day in war.
fare for an indefinite period We cannot con.
cur in this view. We can hardly go on
exporting Grain at the rate Of S3,0O0,00O
worth per week for a year ahead, even if the
! foreign demand should not slacken, as we think
/ il soon will. A month hence the Erie Canal
| viii be- ciysoS, after which tho GrGil cannot hs
/ aad ia such abundance, even though tho de-
mand were undated. Butter, Cheese, Fruit,
I &C., which are now largely going abroad, will
hardly be exported in such volume more than
month longer. We have, by the help Of q
stringent tariff. retained all the Gold that has
reached us from the Pacific and added 10 il
some $50, 900, 900 from Europe since tAs afro
cious war was forced upon u.s. but wo must be
prepared TO lose Thirty TO Fiily Millions in the
course Of l5G2, should the war continue through
that year. Had the tariff Of 1851 been left in
force, we believe the balance Of trade with
Europe would have been against US this year,
and our banks thereby rendered unable to help
tho Government, as they nobly and wisely have
done. Let them be called on to spare 81, 600.
600 per week to London and Paris instead Of
receiving coin from the Old World, and their
ability to take aud pay for Treasury Notes or
Bonds viii be sadly diminished. SO long as
the current Of specie set, this way, they can
do very much as they please
Grain is very poor reliance for the main
tenance Of favorable balance of trade. We
doubt whether it is ever really profitable to
send 20 bulky staple across half continent
and an ocean. The cost of transportation eats
up the cargo. Thus The Chicago IribaHe gives
tho following exhibit Of the unthriit of export
ing Indian corn to Europe:
Ore bushel Of corn costs at Bloomington, H. 100
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