Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-06-04
Prom the Syracuse N. ~ Courier and Union.
DebfI Debf,-IaNi Tax.

What the negro costs-TRe ruin Of the -AgricuL
tural. and Industrial and Commercial Inter
ests cftie Country,
We copy the following ably written statistical
article from recent issue of the Rochester Union
and idreTfiSer. IL presents facts and figures
worthy OF being horne in every one remembrance
and we'll worthy OF consideration. Says the
URioR:
From an article OF considerable length in the
New York +, eniug Post We {. Ike the following:
IL Is not likely. If the actual fighting were TO
cease to morrow, that we could close the war for
less than an aggregate cost of one thousand mil
lions How then shall weenter upon the next
fiscal year! Annual interest on the public debt,
S1O.OOO.OOO; ordinary expenses of Government
heretofore. S70000,000 For these two items.
and these two only, our public servants are pro
viding.
They offer tax bill that will Weld, they say,
500 200 600. and a tariff ct customs that may
possibly be counted on for $50 600. 900 No PR
vision Whatever j. made To meet the expenditure
next year for the support of so much of the army
We may tlll then require 20 keep in service a
though Il is obvious that. under anv circum
stances. our permanent army must hereafter be
very much larger than il has been heretofore
Nor l. any provision made for the larger perma-
uent navy that we shall hereafter keep afOat.
he ordinary permanent expenses of this Gov
eminent III times OF peace. cannot possibly be
less hereafter than Sl50.000 900 per annum IN
dependent of interest on the public de5t With
the revenue now proposed by Congress there
would be deficit next wear of the whole amount
ct interest on the public debt. some $40 900 600
Oi course. % the present state of war i % con
tinue into next year. 1t Is PLAIN that we shall be
running behind hand AT trightlul rate: AT "A rate
that must speedily prove ruinouS to the public
credit. aud consequently 20 the nations dignity
and strength. The very lelst that Congress can
do. il IL would not shrink from it, duty. Is to pro
vide permanent revenue of at least 800 900, =
OuO from internal taxation, and tariff OF Gus
toms TO yield $50 900 900 more.
he Post has, unqueStionably. placed the pub
nc debt. up 20 the present day, quite too low.
The sum named would perhaps cover the known
and admitted debt of to-day: but il Is safe to as
sumo that the unknown and unrecoEnized debt.
consisting OF contract and other claims rs vet
uuadluslei. would swell the amount by some hun
drei- of millions
The war, however. will not cease TO morrow,
nor next week. and We tear not this year Mean
"hiie the debt J. going up, up AT the rate Of sew
erai millions 90 tie twenty -four hours At Rhat
point the figures vii culminate il Is quite impos-
sibe even 10 guess Il will not surprise Us how
ever u on seuiiHg up our accounts At tie close
OF The var. We shall find ourselves sadilei with
public debt OF TWO THOUSAND MILLIONS
Assuming tor the moment that the debt will
reach that amount. what will we DO with it,
Pacing tie debt - one thousand millions. the
Evening Post avers that Con-ress should provide
for the raising of 500 900 OO0 annually bv in
ternal taxation; and an additional SO 000 01O
BY customs duties By adding a thousand mill
ions 20 the public debt We should recessitste an
addition OF at least 500 600 600 10 the annual
cost Of running the Federal Government. In
other words. We should be called upon a. a ma
tom 20 paw IA various forms. THREE HUN
DRIED AND SEVENTY MILLIONS every
year 10 the Federal Government. OF course
even this vast SUN j. exclusive OF the amount,
We are seVeFtlly accustomed to pay in the shape
OF State. county. town and city taxes
Let u look al The matter under another aspect
The aggregate value OF the property OF the Uni
tel States, prior 20 the rebeion-inclucing
slaves-~as estimated the other day by the New
York Tribune. a. $40, 900 OOO. 900 We inclin.