Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-07-23

whose business it Is to deal with the Treasury.
A large, generous charity, therefore, /
say, ought to be extended to US who, after
three and four months repeated and specific
statements officially from Senators and Rep
resentatives as to the amount Of debt and ex-
pendtures, have but put upon record before
the people that which We derived from their
authority. / propose then, sir, in the first
place, to review and collate what has been
said upon this subject within the past eleven
months in this House and the Senate.
On the 25th of July, 1861, the Chairman
of the Committee of Ways and Means said:
at must be recollected that the demand on the
Treasury j. well nigh million dollars a day."-
Congressional GLOBE, ertra session, 1861, p. 267.
Again, on the .5th of August, 1861, ten days
later, he said:
al am alarmed at the expense are incur
ring. This day, and every day for some time, the
nation has incurred an expense of some one mil
lion t,ro hundred and fifty thousand dollars. can
not see where the money Is to come from. -
Ibid, p. 44s.
That, sir, was before the notion that the
Constitution authorized the making of the
promissory notes of the United States, or any
thing else except gold and silver, illegal ten
der" had ever entered the BRAIN of any one,
and before the Secretary of Treasury had
compassed and devised his extraordinary
scheme of grand national paper mill for the
manufacture of money by steam.
Again, the gentleman from Massachusetts,,
Mr.. Dawes, who was thrust forward here
the other day as the advocate to Defend upon
special retainer, and abet the Secretary of
the Treasury in his deliberate effort to under
estimate the true amount of the public debt
and daily expenditures of the Government,
and who, by some sort of financial lergerde-
main, contfved to prove them TO be somewhat
less than one million dollars day, himself, on
the 18th of January last, said
''Mr. Speaker, it takes s., 600, 900 ecery day to
support the army in the field"
Mark you, not as he here subsequently sug-
gested, that on that particular 14th of Janu-
airy, or the day before or the day after, or
any other one day, that was the expenditures,
but ''every day" And this, too, for the Army
alone.
But he proceeds:
"One hundred millions have been expended
since we met here in the beginning Of December,
upon an Army IN repoSe."
Ah indeed. Why, sir, that is at the rate
of S2,3So,00O day for the preceding six
weeks, with the Army sin repose." He adds
What they will be when that great day shall
arrive-if it shall ever arrive-when our ewes
shall be gladdened with the sight of the Army in
motion, do not ow."-C Congressional Globe
1862, rol. 2,p. 299.
Well, sir, our eyes were at length "glad-
dened with the sight Of the Army in notion y
The grand army OF the Potomac did actually
move; and yet is then of all others precisely
the time which the gentleman selects for Sc
we're censure upon members on this side of
the House for intimating the mere suspicion
that the expenses which he could not even es-
innate might be seven or eight hundred thou
sand dollars more day with the Army ain
notion than his own statement of the expen-
diture for the same army "in repose."
But he proceeds again:
Another SlO0,O 900 will 60 with this, as
the 500, 900 900 more have here enumerated,
outside of the daily support of the Army, have
gone
Outside of the daily support of the Army,
indeed Why, sir, that is 100000. 900 in six
weeks, or at the rate of S4,76O,o0O day.
Oh, what ''traitor' to assert iti
"Another 500, ,0OO,O 900, say, must be added
to this before the 4th of March,
How long before the 4th of March? But
S3OO,OO0,000 for full three months are 81,
2OO,000,000 year; or, if he means only
S200,000,O0 that itself is at the rate OF
SSOO,000,000 year for the Army alone, to
say nothing of the other legitimate expenses
OF the Government, nor of the gigantic plum
der and peculation which have disgraced it.
But the gentleman from Massachusetts, pro-
ceeds next in elegiac strain:
"Sir. what it may cost to put down this rebel
lion, care very little provided it may be put
down; but, sir, faith without works is dead and
am free to confess that my faith sometimes fails
my faith in men, not in the cause"
Thus heavily and despairingly, on the 18th
| of January, the Pilgrim of Massachusetts bore
upon his vicarious back the huge burden OF
pack of the sin of this Administrations in.
debedness, as he struggled on sorrowfully in
the financial Slough of Despond; what cross
what sort of a ..cross" it was at the sight OF
which, some months later, this vast burden
rolled from his shoulders, no doubt some flu
ture Democratic Bunyan, languishing in the
cells or casemates of your military prisons
will hereafter disclose.
On the 2Sth of January, 1862 the gentle
man from New York, Mr. Spaulding.l ;
member of the Committee of Ways anc
Means, said:
but with Navy and an Army of six hun
dred thousand I'm the field, requiring. with the
other expenses of the Government. an aueTav
daily expenditure of more than 81 600 ,OOO"-
How much more? But at that sum alone
it equals 1854 100000
this new system of banking will not afford re
lief TO the Treasury in time to enable the Secre
tary to meet the pressing demands that are made
upon him. Congressional Globe, ls6l-62, p. 524
Again, on the 4th of February. 1862, tn,
gentleman from New York, Alr. Rosco,
Conklin, assuming to estimate the expendi
ture, ordinary and extraordinary, from tha
date to July l. 1862, at S3O0,O00,O0O, said
This last item is at the rate of 50 600, 900 pc
day for one hundred and fifty days. If S45,
100000 a month is taken as the estimate tn
item will be 1925 900 600. But twill then reacl
$500, 900 900, because there is an item of hun
dred million nearly which will be payable at th
close of the war, growing ont of bounty acts, an,
it has been nowhere included"
And estimatidg the entire debt to July l
1862, at $500, ,O00, 600, he exclaimed: