The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1862-02-27
vine shall pay the Coats3

who shall pay the Cestsl
If the war should be substantially
ended by July 1st, 1862, and the army
discharged by January LIST, 1868, there
will be y National Debt Of eight humid
red millions occasioned by the rebellion.
And the question is, who shall pay it,
principal and intcrest-tAe rebels who
caused it, or the Union people who put
down the revolt? The interest OH this
debt will amount to fifty-five million per
annutn. Illinois, share OF the debt, it
the Union people have To pay it, will be
sixty millions, and the annual interest
on the same about four millions. But
in addition 10 this heavy sum, our
people will BE taxed 70 support an army
OF not less than 100000 m"n, which
mus. be maintained for several years to
secure peace and rcpose, and also an
immense navy to guard the sea coasts
and rivers. The country must never
again be found in the detsnselcss and
nnpreparcd condition in which it was
one year ago. Public safety forbias it,
no matter how much j. may cost to be
always prepared to meet domestic or
foreign foes. Every mans liberties,
property and business are at stake and
therefore the peace OF the country must
be preserved REGARDLESS Of expense
Chicago 7riJsne.
That is the question, who shall pa.
the cost Of this war? If Illinois part
win be sixty millions with Interest.
1owa's will be about one third as much.
Now are the people Of Iowa prepared 20
meet tax of twenty millions, which
with interest before being wholly paid
would amount to near Or quito forty
millions ? Are they prepared to meet by
direct and indirect taxes-direct taxes,
which demands the money from their
pockets and indirect which places
duty or tax upon many manufactured
articles which they use and groceries
which they consumc,-this amount? A
better idea can be formed ofthc amount
Of this tax and the burden 1t would
prove to be, by telling them that if APP
Portioned according to the population
it would be about thirty-three dollars
for sacl, man woman and child, to raise
tho twenty a0illions, and twice that
amount ter each should the sum reach
forty millions before being paid off.
Had our people for years been oppres::
sed and downtroddcn by the crushing
power Of . heArtless absolute Monarchy,
md created this debt, in successful
efforts to establish their independence
and liberty, they would have cheerfully
borne the burden rs ransom for their
liberty. But;when::the reverse is true,
when they were enjoying the blessings
Of the most democratic and liberal gov.
ernmcnt on earth, and despicable mi
nority seek TO subvert this government,
and thereby create this enormous debt,
our people never can be made to bear
II. Those who originated this great
national riotous dance must pay the
fd.llcrs. There is no other conceivable
nethod under heaven whereby it can
be disposed Of Our army must 90 on
conqncring until the whole south is sub.
jugated, and every traitor brought to
meet traitors doom, and then il pos
siblc every cent Of this expense must be
borne by the rebels II will not answer
to let them bear their proportionate
share, which would reduce the above
amount, but they should be compelled,
to pay the whole cost, foot the whole
bill, nothing short. They have initiated
those proceedings, and let them pay the
full bill! for their bloody publication to
the world. lfthey willnot do it through
their legislatures, let the whole northern
army after their surrender, march
through their country towns and cities
and take whatever they can reach, that
can be appropriated for the payment Of
the expense Of this war, ard if they
destroy o. remove their movable pro.
perry, before the army reaches them let
the army burn their villages and cities
and sow the ground with salt. Give
them few wholesome lessons after thi.
style and We will warrant they will begir
to ante, the little neccssarics. As in tn,
administration OF civil law so in the ad
iustlnent Of national difficulties tina
have eliminated into an open war, til,
defeated party, must provide for tn
payment Of tho expenses so far rs in it
power. This i the manner in which "
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