Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1862-11-06

THE FINANCIAL PRosPEoT.--Some Of the
democratic orators and presses, in order TO
prove the administration failure, are exagger-
atng tho financial difficulties Of the govern
meut Such efforts tend TO promote the very
evils they pretend to deprecate. Mr., Fornsy
writes to the Philadelphia P,ess some counter
aeting statements -
a1be financial future of the government is
singularly cheering, No subject has heen used
with more delsterloas effect against the admins
tration than thst Of taxation, except, indeed
thu dimensions of the national war debt The
secretary Of The treasury has been forced TO sub
NIT in silence to the Misrepresentation the adj
vcrsarics of tbs war, and inexperienced OBJ
servers have seen WITH pam the success ofthese
Misrepresentation. lie the rebellion was a
novelty, all the expsdients believed TO be es-
eenhal 10 its extinction were experiments, We
could not stand by and see the rebellion pro-
gress without resorting to the seyereet al
terustives for ito humiliation. And now that
the period ia at hal d, when this great revolt
against human freedom ia to be checked and
closed out, We may also anticipate, in practical
results, satisfactory sol 4tion of that great
financial experiment which has disturbed the
wisest aud most experienced statesman in this
and other countries. The time has indeed not
arrived, when tho fruits of the revenue meas
ures of Congress may be accurately set FORTH
Enough ia known, however, to enable careful
observers to state that the tax bill Judging from
tie reports already received at the treasury,
will produce an almost incalculable revenue
q revenue sufficient TO pay the interest on the
public debt itself, and to leave large margin
for the necessary expenses of the government
as long as the war continues One very COM
petent authority states that the revenue deriva-
BILE from the tax system will exceed by at least
fifty per cent the amount contemplated by san
gulne trainers of the BILL 1t is true that much
alarm has been created by the late extravaganza
premiums on gold and by the consequent de-
probation Of the national currency; but if the
expectations of the head of the treasury board,
upon the results already ascertained, are only
partially fulfilled, this alarm will be speedily
and happily dissipated.
One fact must not be forgotten, that while
labor must, for a short time, submit TO the loss
oceasiened by a deprecated currency, and
hence to the imitation of the prices ofmany
of the neoessares of life, there will be little Of
direct taxation upon labor, and that capital
must bear the immediate burdens of the war
Why should not those who work at home be
as free to suffer for their country as those who
fight for us in the southern States The in
tux ofmoney into the treasury in the shape of
taxes upon Injuries, salaries, remunerative
estate, bonds, checks, and all descriptions of
bills, leaving small farmers and operatives al
most entirely unscathed, in lcates wonderful
revenue. An Intelligent assessor in the city of
New York, says that from all these sources in
that metropolis and Brooklyn alone net rev.
enue Of one hundred millions will be secured
And if this is SO of single locality, what may
we not expect from the country at large |
oppose these healthy and cheerful facts to that
traitorous dsafection which, while refusing to
denounce the rebellion, busies itself in decev-
ing the free people of the free states, and in
weakening our public servants at the head of
the administration and the Federal Govern
ment.