The daily Evansville journal. (Evansville, Ind.) 1862-1863, 1862-06-30


Mexico lie laid the country in contribution
for subsistence. Why cannot we in the te-
+ bellious region?
/ CHARGE OF FINANCIAL MANAGEMENT"
I THIRD. The gentleman from Indiana ere
I ates alarming figures By comparing the
! debt, at his figures, with the assessed value
/ of the real aud personal properly of Tue
1 country, as shown by the census of 1860,
! forgetting that these assessments are, on an
! average, one half under the market value;
/ that his statement of The amount of the
/ public debt is double the actual indeb d.
ness and that our annual productions would
support debt of four thousand millions
| $4,000, 600, ,000) without involving as
heavy taxation as exists in England. Our
debt year hence will scarcely exceed one
fourth of the ready capacity of the people
to bear. In this connection the gentleman
from Indiana charges that tue debt is due
TO the financial mismanagement aud fraud
of the party in power, and he grows PEN
sEye over the minute and careful calculation
that every sixth OK, every sixth horse,
every sixth sheep, and every sixth hog, IN
all his district, is doomed, in cold blood, 20
be charmed, beslimed, aud swallowed by |
the hOrrid monster begotten by this wari |
But what Is ment by +" financial misuIau-
agement = Wherein has it occurred, and /
by whom? Is It in the amount borrowed
| have shown, it is One-half less Than he as
serted, and mere trihe compared with the
resources of the country. Is il ia the rate |
at which il was borrowed Why, Buch-
anau borrowed at from IL to 80 per cent
In time Of peace; this administration has
not paid over 7.30 per cent. for atty, has
paid for part, is paying 5 and 4, and, iu-
Guiding the circul tion it has furnished,
gfsfNar fha I
ever had, the average rate Of interest on
the whole debt is a little below al per cent.
Is it in the persons from whom borrowed
The patriotic banks were first approached,
and after them the people rushed forward |
and the bonds are all held at home, and By
all classes OF society, and are In active de-
mand above par. Is it disagreeablc to the
that this debt Is held at home
that the Government is thereby stI Ieugthru-
ed, and the world convinced of our ability
10 wage the war, and our determination to
achieve success Was it Financial mis-
in the Secretary to husband
he resources of the Government, uphold its
;redIt, protect it's securities, aud guard the
Treasury at every point? Or shU.id Mr
chase have intimated the devices Of Cobb.
vhO studiousIy deprecated the public se-
nrilies, undermiRded the public credit, aud
hen threw the bonds on the market to
ring what they might amid the fangs Of
harpers2 Unjust, Intoicrable, aud aIroci-
Us as were nAny parts of he speech of
he gentleman from Indiana, that was the
lost inexplIcable and unnatural which
ynored the patient care, clear intelligence,
Id anxious fidelity of the able aud sagac-
US head of the Treasury, one of the wise
I'd pure men of the West. can under
and why the wondrously successful con-
H.
imes and the money-changers Of England,
I'd groans from disappointed and malicious
lters of the Government, both in and be-
Dnd the loyal States; yet cannot but
INK that, while in TINS problem lay the
Iestiou of the determination of the con- c
It, its happy solution deserved to he, as il
as, the occasion OF heartfelt and general
joIcing and congratu!atiOn amOrg fne
rnest men Of the country. The two Lead
s of the proposed new party, raising n a.
scordant sound, call even this great sue
SIS Encouragement. Surely their percep- r
1ns are holy perverted, though their
,arIs may be devoted to the Government,
they claim, ain a certain seusr."
MPARIsoN OF EXPENSES WITH MExICAE
WAR.
Fourth The gentleman from Indiana
rther declsres-with emphasis and par
;ularity, that
" The Mexican war, though a foreign
ID distant one, in which we paid the
ldIer substantially the same that VIC pay Y
IN now, cost this Government, under the
se and honest administration of James 4
Polk, in proportion TO the number of
sn engaged, man for nau, but little more
an one fJurth the amount now being ex-
nded on a war waged at our very door-
ps." 4
This is a most extraordinary statement,
d as indefensible as extraordinary
aviug out of view the unqualified en-
rsement of Mr.. Folks administration, ii
lose policy, 10 say the least, initiated the
eseut complications of the country, and
thon which it might have for many
ars avoided, if not wholly escaped, the I
eseBt rebellion; and overlooking th. al
lion to the Mexican war, the waging of
lich have for years believed, and now
ire firmly than ever, was prompted b. 4
n who then had in view the develOpe-
mt, through IT, of the Internal conspiracy
ich has lately burst upon US, and whose
d sagacity but too accurately measured
influences then and thus made active, |
ct the substantive assertions of the prop
ton with fiat denial. n
Let us see how the case stsnds.
DIFFERENCE OF PAY.
IN comparing the two wars, the gentle
n from Indiana states that +" we then
d the soldier substantially the same that
now pay him. This is matter of his -
=, and easily tested. What is the fact
en- we paid infantry seven dollars per
nth, aud cavalry eight. Now we pay
lnuy thirteen dollars per month, and
airy fourteen. Since that time, the pay
officers has been increased
.nty dollars per month, and twenty cents NJ
been added to the Communication value w
the ration-making an average increase
The compensation of officers, of between
nty and twenty five per cent We also,
he extra session of July last, changed
soldiers ration. and increased its cost <
ut ons-fourth. When, in view of such
g. the gentleman from Indiana said the
now is substantially what it was then,
be merely illustrate bis idea of 1" sub
tiaE sameness of which we have had