Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-03-11

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The confusIonisss of Athe Legislature are to
have suOther Caucus tc-nigh', in the Hall Of
Reprtssntaliyes, TO make another effort to noml-
nate candidate for United States Senator we
understand that the Radicals undertook to play
sharp game on the Conservatives, BY insuring
,thsasssndance OF all the former, sndjust enough
Of the latter to give them an elective majority
Of the Legislature. This scheme succeeding,
WApr's nomination and election wouId' Oh
course, follow. The Conservatives taking the
alarm, viii probably all attend the Caucus, thus
making It full, We shall soon see whether
che Conservatives 20 into Caucus to surrender
Internationally, or to resist the nomination o.
,WADk to the last, f szlEa 50
oar Natiomal Debt, Expenditures and
TaxaIion. s
We have already given a synopsis OF th'
voluminous internal Tax Bill, reported By th'
committee Of Ways and Meeus. and now pend
ing in Congress Il will undergo discussion
aud probably considerable amendment and alter
alton; but some such system Of heavy interna
taxation will doubtless be rtsorted to. Hesv!
burdens, in the shape Of taxation, direct or in
direct, or both, are among tneinevitable con
sequences Of war. How stands the case viii
us9 ts
M. FEssENDEE, Of MAioe, Republican, ant
chairman Of the Senate Finance committee
stated, 10 a speech on the Treasury Note bill
that the public debsof the United States, at the
end Of the present fiscal year (June 80, 1862
will be about $75O,OOOOOO. The average in.
terest on this debt, at six per cent which ID
probably two lo1 an estimate, will be $45 OOO.'
COOS year.
Mr.. FEssENDEN estimates the budget for all
expenses, aside from the increase Of the army
and navy and interest on the public debt, at
S70,000,OO0 year THE, added TO the $45,-
100000 for interest, makes $ll5,0OO,OOO per
anDum, without reference to the enlargement Of
our military and naval establishments These
oauuot cost less than $500 900 year more
than they did before the breaking out Of the
rebellion. II is, therefore, estimated that the
demands on the Treasury, TO be met by taxa
tion, direct and Indirect, for the payment of our
current yearly expenditures, cannot bO less, for
some two or three years to come, than $685.
900 900, and this too, without diminishing the
principal Of the original debt of $3.50, 100000
How to raise these Sl6b,OQO,OOO OF current
yearly expenditure, and provide for the gradual
dimlnusion Of the principal or funded debt, is
che great problem which our rulers have to
solve in some way Ultimately, these enor-
nous expenditures and this great debt must be
paid by the people Direct and indirect taxa
tion must be the order of the day. The main
point s TO distribute the burdens as justly and
equstably as possible, and with as little oppres-
sion on the great mass Of the people as may
be.
As has been truly said--ihe taxation to come
"Will not only be felt, but it will grind US all
pretty fine before we have done paying the first
assessment" When We add to the Federal du-
ties and taxation, which we shall have TO pay on
almost every article We own or consume, the
State and municipal taxes annually required, Il
win amount, as the correspondent Of the New
York Evening Post insists, in many cases, and
especially in the extreme Northwestern States,
TO practical confscation.
But what shall be done2 The rebellion must
be put down and the Union restored, cost what
it will 1hese are the objects for which our
sons and brothers have gone into the field to
bleed and die, If need be; and they are the only
objects for which the people will ever assent to
a crushing weight Of taxation, that to many
will amount to an absolute forfeiture Of their
little all.
Let our rulers fhen beware that, while by
means of war and taxation, burdens are heaped Z
iron the people almost beyond human endur- I
anoe, they do not divert thu war from it's legit-
mate purpose and Ob;ect-such as was an
lounced by the President in bis first call for D
volunteers in April last, and reiterated by the R
resent Congress at i!s extra session in July,
amely, the dispensing of rebelllous cOmbina- ol
ions and the restitution of the constitutional Of
uthority Of the Federal Government, with all 81
be rights Of States under the Constitution un- th
impaired. hi
The sumter in a FIX. pa