Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1862-07-02

enormous nguTCS OF our national Indebtedness
whenever they are brought to our attention,
in the fact that we can defer its payment.
and bequeath 1t an inheritance to coming
generations. Admitting that this unworthy
thing NAV to some extent be done, vet let Us
see, for q few moments, what amount Of mo-
uey this Government viii be compelled an
nually to raise in order 70 prevent oper and
confessed bankruptcy before tie world. 1
Will content myself with a specific state
meut Of the various items cf current yearly
expense which must he regularly met.
Against the substantial correctness of this
statement l challenge successful cOutradic-
ton.
The interest on the public debt. at a very
low estimate, 800 ,c0000g
The ordinary expenses q the Government.
iuclu..iu- appropriations for the increased
magnitude of the army and navy after the
war Is over. will reach ;l5e, 900 900, At
another low estimate. an especially war
rauted In fixing this amount ia view Of the
declaration on this H1ar, by the chairman Of
the Committee on Military Affairs. Mr.
BAR Of Missouri that hereafter our peace
establishment will consist of a standing army
ola hundred thousand men.
The pension list comes next. This Co
verumeut must uur fail To meet the require
meats Of civilization and oF humanity. il
must and will provide for the support of it,
InaimeI and wounded, and for tie marnte-
nance Of the Widows and orphans oi those
who have fJlleu on the field of battle CT Icgu
stricken down ly disease Willie IN the public
service. Il Is Of course difficult tD calculate
tue amount which viii lie required TO meet
his item. of expense: IUt no well iuigmed
person VIII pretend that it VIII be less than
the sum Of 100000 600.
To the above must bC added at least
s. OG0 OcO more as q margin for claims
AGAINST the Government. contingent eX-
IenseS, aud unforeseen events during this con-
vulsive and unsettled pcrJd Of the worlds
history.
We have thus an inevitable annual cx~
Ienditure. without making any provision
wha'eycr for the payment Of the public debt
Itself cf tie sum Of 100000. 900. This
amount will make its demands on tie re-
sources of the people in each succeedIug year
as regularly as the seasons come and e.
and in a voice A. imperative and ineXoIable
as the cry # fate. You need not avert your
frightened gaze from tie sore contemplation
of this terrible fact. 1t IS tie lion IN the
pathway Of the future, but 1t must lie met.
Death itself Is MT more certain to all than Is
this moustrous annual burden on the shUul-
ders Of the American pc pie. And now,
which there Is now nc escape. the question
necessarily arises with immense, overwhelm-
ing force, 10 what system of finance shall
| be adopted TO raise annually this monstrous
| sum OF money. 1t is the vital question of
the day, and paramount to all others savo
! civil liberty aud republican government
l live, Mr.. Speaker, in land of corn. in a
| land where tie fruits of the earth constitute
| the reward of labor. live in great valley.
! beside whose agricultural wealth the famed.
| valleys of the Euphrates and the Nile and
! the richest fields of Europe sink INTO utter
/ iusiguiliyance. and whose more than Egyp-
| ian grauarieS invite the markets If the civil
| lied world. The plow. the harrow, the rea~
| per and the thrvSning machine are our i'm
! plcments Of industry, and compose the coat
! Of arms Of our nobility. The soil Is our
! fruitful mother. and we are her clildlen
! We fill cur cribs with grain and stock our
pastures with cattle. and with these we seek
I 10 purchase those other necessary articles of
/ life which are not made in our midst. These
| are our possessions which We offer in barter
and exchange with the trading merchants Of
1 the world who give Us tie best returns This
we conceive 10 be our right. and that the
/ Government in which we live shoulI protect
/ US in It's eniuyment.
/ But turn t. the contemplation Of another
| region of this country. 1uu there behold
/ the land # manufacturing machinery, and
| hear the sound Of the loom and the spindle.
| The people If the North and East make
( fabrics of cloth, and manufacture all those
/ articles which man needs, and which 10 not
. grow. These constitute their wealth and
their stock of merchandise for trade. the
markets Ui the world are open 10 item, and
ul RIGHT ought 10 be- Tie West is an i'm
mcnso consumer Of those articles which
they lave to sell. We are willing 10 buy
of them Cf our own choice If we can buy
/ there as cheap we can elsewhere. But
here aver that the unequal and unjust Sys-
TEN of finance now adopted hy the party
in mower gives 10 the vast manufacturing
interest Of this country tie arbitrary power
to fix It's own eXhCTbitant prices, and the
laboli-g agriculturist Is compelled to pay
them. TO this TO people can submit
Against this outrage the people of the West
will cry ont. You have fastened upon this
country the most uiliuuS system of tariff on
imported goods that ever paralyzei the
( energies of 4 nation or oppressed its agTi-
cultural citizens. You say By that tariff
. that the manufacturing institutions Of this
! country shall not be brought in competition
I with those Of other parts of the world. You
} saw hat our ports shall be closed TO foreign
traders for fear they will unders i'll the manu-
faCturor Of New England or tie irOnmougeI
of ofPennsylvania- You require of the Euro
, pean merchant duty which he cannot pay
, and thus you Danish him from o6r CONNER.
, cial intercourse. Iou say to the western
: farmer, TO agriculturalists everywhere. that
there shall be but one market in which they
NAV buy. You drive them to the counter.
and fJunderieS Of men whom you protect il