The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1861-11-06
YANKEE EXPENDITURES.

The Yankees have already taken the alarm
al the enormous expenditure instituted By
the present Administration 10 carry On the
war against the South. The Cincinnati En-
quirer, in an article rcpubiished By Us yes
tcrdsy, tells u that sir hunIred millions form
no tribe Of debt for the Yankee nation 10
bear. whatever President Lincoln mar think
of ii. II adver,s 10 the significant fact that
IL il more than ne-sesenth u the debt left
upon the shoulders Of Great Britain by eight
hundred years Of war. The wealth of the
United States. IL observes, is not mnre than
ms. tenth part the wealth Of Great Britain.
and consequently il will be harder Tor the
United States to BEAR debt Of sin hundred
mlIiens than Il 10 for Great Britain - bear
her present debt Of four thousand millions.
The interest on e600. 600 900 a. sir per cent.
il CSC. 00O, 600, fully as much as the eastnns
YIELD annually. upon an average. u weald
be necessary. therefore. 10 raise the sum re.
qared Tor the expenses Of the Government
by direct israiian, and the principal would
have o. b. pad. II il ever vas paid. BY Nh
assessment upon the pockets " the people.
The funding u his drbI soald create an af.
.siseraey. and grind down the pasrer classes.
faxes upon tea, eafse, sugar, malssses---sp.
on al sricles af luxury No necessity would
necessarily fsIIos. and would BE- added q
the State. municipal. and corporation debt
under which rankesdsm sIresdy groans
Such is Yankee estimate u The eenssqsen.
ces dependent upon the creation % debt d
| SIX hundred millions.
Il N. u "A A.
What will be The state nf the case lhenf The
Yankee Government 10 spending a. this mo,
ment s8.500.U00 wsek-that 10, s4t2. 900
600 rear. Since the revenue iron custom.
IL only $4,000 900 . year. IL 10 impossibls
20 suppose that dollar Ut the principal thu'
accommodating will be paid oH 10 the interval
Every year IL will be necessary 10 raise :
fresh sun Of $40. 000, 900. This year The
Yankee pays interest On s60o. 600. 900. and
he 10 directly taxed tadoit. Next yearhs pay
the interest on $500 900 900. The old debt
and fresh debt o. s442. 000. 900, OF, csstin.
up the whole sum. he paws the interest neg
year on si .042. oo0. 900. which 10 reund mud.
beers Is 60, 900 900. Thus his taxes are rails
ed every year ss6. o00. 900. and Al the end o
the ten years he finds his country upwards o
Eve ihoussnd millions in debt. and hs 10 tar
ed 10 assist 10 paying 80 interest reaching
the enormous figure Of $500 100000 Nos
the total annual charge for interest, manage
ment, &c.. q ihs funded nationsl debt o
Great Britain never exceeded sac 900 .00t
sterling. er about s2i0 600. 900. and II eni,
resshed this figure IN 1915. The year sits
the Great Rrsneh wars were finished. Tn
Cincinnsti Enquirer says that The wealth o
Great Britain % ten times a. great a. that
toe Yankees. We know not the relatiy,
value II property 10 the two cosnifissi baI
this We know, ihst in 1916. the psriod shsr
Great Britain paid most interest. The pabli.
and private property Of ths British Empire
exceeded four thousand millions Of pounds
sterling. that Is. twenty thousand millions o.
dollars, and that ths aggregate annual IN.
come In Great Britain snd ireland exceeded
four hundred millions Of pounds sterling. o.
two thesnnd millions Of dollars. Have the
j Ysnksss any soeh bssis % this 70 found w