The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1862-07-29
From the Richmond Enquirer.
YANKEE DEBT-FUTURE PROSPECT.

friend who has for many years been connect
ed with the old United States Government, and
who had been detained In Washington many
months, has, after repeated applications and re-
usas to return to his residence near this city, Con
his arrival from distant land at last succeeded
in reaching his home, and furnishes us with the
annexed statement, which can be relied on
NEAR RICHMOND, July 81, 1862.
Gentlemen: From the most reliable data, the
present United States debt, audited and floating,
is at least 81 800, 900.
The ddiy expenses, as admitted BIZ the Chair
man of the Committee of Ways and Means, (the
notorious and infamous Thaddeus Stevens is
between three and four million of dollars, and the
debt in one year from this time cannot be less
than two thousand five hundred millions of dollars
The annual expenses after the war is ended, is
estimated by Mr. Voorhees, in his late eloquent
speech, for the support Of the army and navy, the
civil and diplomatic expense, the payment of in
tercst the public debt and the pensions, at the
sum of four hundred millions of dollars The
estimate is based upon a speedy close of the war,
and does not include the millions yet to be stolen
from the people by the most licentious, corrupt
and tyranuical government earth.
Richardson, of Illinois, in late speech, esti-
mated the duly expense of the government for
the support OF stolen negroes, at one hundred
thousand dollars per day, or thirtysx millions of
dollars per dnnuT1. There are at this time in
Washington alone, about twenty thousand stolen
negroes, principally from Maryland and Virginia
Let US see what are the assets of the govern
ment.
Under the census of 1860 all the property of
every kind in all the States was estimated at less
than ST., 500 OOO, 600. Since the war commenced
the depreciation has been at least one-fourth-
So, 100000 600. From which deduct the prop
Al Ill
least one-hird-S3, 125, 900 ,0J0-leaving in the
present United States 5000, 100000.
1t will be seen that the present debt of the
United States is one-ffth Of all the property of
every kind they possess; and in one year more it
will be more than one-thrd. No people on earth
has ever been plunged in so large debt in so
short time. Nor has any Government in exis-
tence so large debt in proportion to the amoupt
of property held by its people. No man in his
senses believes the debt ever will be paid, or that
it was ever intended it should be. Nor does any
lected. The only hope on the part of the North
is to conquer and suhjuate the people of the
South, and conf=cate all the property.
1t is this hope, and the promises known to have
been made by the vile Hessians that they shall
receive their share, that enables them to carry
on the war. But for these the war would not
last ten days; and with these they are on the very
eve or revolution among themselves. The
Northwest cannot stand it much longer. Its very
existence depends on the prosperity of the South
1t this very time, as you may from Richard
sons speech, their grain is only netting them
seven to eight cents per bushcl.
i have given you plain statements o. facts,
and will place in your hands the basis of my
statement
have much to say to you, and through you to
the people of the South, of what I hare seen and
h"or of the doings at Washington, but will post
pone it for the present l have said enough to
show rhat the Yankees are fighting for. Better
far that we should die like PATRIOTS and fill soldiers
graves than to be the slaves and vassals Of Yam
KEGS. | resume my old signature
"ORSERVERv