The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1862-12-30
AasariIle Auiutr.
office ON Printers' Alley, between
Union and DeadericlI streets.
TUESDAY MoRNlNe, DEC. 30. 1gea.


sums up the resources Of our country:
No country posses the true elements of
higher credit--no country in ordinar1'
times can maintain higher standard Of
currency and payment than the United
States.
The Government is less costly than
that of most other great Powers. The.
expenditures Of the current fiscal year,
excluding those of the War and Navy
Departments, can hardly equal those of
last year, which amounted to $24,5l1,-
476. Estimating those Of these depart
ments at double the expenditures of the
last year before the rebellion, they would
for the current year, had the war ended
before last midsummer as was anticipa-
ted at the date of the last report, amount
10 the sum Of b5,845,834. The interest
on the public debt is for the current
year estimated at $25, 041, 532, and will
not probaly go over that sum. The
whole expenditures of the Government
for the current year, on the supposition
of peace, would, therefore, not exceed
$105, 81 ,843. This aggregate must be
increased hereafter by the addition OF
interest on the loans of the current and
futre years and by pensions, the precise
amount of which cannot be foreseen
| Estimate the former at fifty, and the
latter at ten millions year, and the TO-
tai annual expenditures in peace will
reach, emitting fractions, TO S165, 100000.
The expenditures of Great Britain du-
ring the year ending March 81, 1862,
were 1854, 436,682; those of France for
1862, according TO French official esti-
mates, will reach $42l, $4,000, and the
annual expenses of Russia according to
the best accessible iufOrmatiou) do not
fall short of S230,000,000
To meet our annual expenditures, and
to assure beyond contingency the pune
tual discharge Of the interest of the pub
lie debt and the creation Of sinking
fund for its reduction, Congress has pro-
vided revenue from its customs ever
now reaching nearly seventy millions {
year, and revenue from internal duties
which will not probably fall short of on,
hundred and fifty millions a year.
Without reckoning any other resources
than those already provided, the revenu,
therefore will annually exceed the ex
penditures by fifty millions, which sun
may be used for the reduction of tn
, public debt If, then, the war shall b.
continued, contrary to hope and expec
, tation, TO midsummer Of 1864, and tn
public debt shall reach the utmost limi
} now anticipated of seventeen hundre,
and fifty millions of dollars, the exces
of revenue will reduce that debt, durin
. the first year of peace, more than tire
per cent.
/, But the American Republic possesse
immense resources which have not W
been called into contribution. The gol
bearing region of the United State
stretches through near eighteen degree
of latitude, from British Columbia on th
north TO Mexico on the south, and throug
more than twenty degrees Of LONGITUDE
from the eastern decliyities of the Rock
Q Mountains 10 the Pacific Ocean. II In
d cludes two States, California and Oregon
four entire Territories, Utah, Nevad
n New Mexico, and Washington and par
Q of three other Territories, Colorado, N,
% braska, and Dakota. Ii forms an area
more than million of square miles, II
,, whole of which, with comparatively In
significant exceptions, is the property
the nation. Ii is rich not only in gel
le but in silver, copper, iror, lead, and man
10 other valuable minerals. Its product
gold and silver during the current vel
will not probably fall very much, II
all, short Of $100000,000; and IL mu
long continue gradually yet rapidly
increase. II this product be subjects
10 reasonable seignorage, as suggest,
q By some, or IL, as suggested by Other
the mineral lands be subdivided and so
4. in convenient parcels, with proper reese
\; vations In favor Of the miners now IN o
y cupation Of particular localities, vel
considerable revenue may doubtless
4 obtained from this region without har
K, ship 10 the actual settlers and occ
piers.
N And there are other mines than tho
~ Of gold or silver, or copper or iron, In 1
| wide territory which includes she pub
he lands b. o. limited States. every &C
y Of tat flfiile = Il is a mine which on
-, waitsESi nc contact Of labor TO yield
treasupy s1d every acre is open 10 IA
Al frniffa 1Sgsact by the homestead a
n. W..:en tss s1portuaities thus offered
r ladusUf .shall be understood by
work;ss mIisas OF Europe, it cannot
n, doub6fs tl,At great numbers viii b
Nv American homes, in order 20 avail lbe
q, selves oFfts great advantages tender
~, 70 their acceptance by American Ia
Ever. we.gling man who comes beit
b. tho coialfon Of the nation AZ we'll
his own He adds in many va