New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-08
THE EkNANCES.

If the Shareholders Rebellion shall be sup
believe it can and viii be if the principles Of
the Proclamation of Freedom shall BIO thor.
oughly enforced and lived up to-the entire
National Debt will be less than One thousand
Millions Of Dollars, and its annual interest lees
/ than Fifty Millions, while we shall have a
Tariff and Internal Tax law yielding together
an aggregate Of not less than Two Hundred
Millions per annum. We can then proceed 20
take off the most OnerOus taxes TO the extent
of Fifty Millions per annum, and still have
SeYeuty-fye Millions for the support Of Gov
ernment, Fifty Millions for the payment Of
interest as aforesaid, and Twenty-Five Millions
for the annual reduction Of the principal OF
the Debt; an income which would suffice 10
pay of the entire Debt within the ensuing
thirty years.
Enormous, then, as are the burdens imposed
upon the Nation by the most formidable, most
wantOn and guilty Rebellion that the world has
ever known, they do not transcend the ability
of our People. Let us only be rid Of the &C
cursed fountain Of all this misery and waste
Jet US establish throughout our country the
principle that "the laborer is worthy Of lis
hire"-tLat whoever requires another's services
for bis own advantage or profit shall pay for
them-and we can soon recover all that the
fearful struggle forced upon US by the rebel
Slave Power will have coat. The property Of
our People was officially returned in 1860 as
worth about Sixteen Thousand Millions of dol
lars. Our Public Debt, in Gaze the War shall
have been ended by the LIST of July next, will
be as one 70 sixteen of our resources. We
believe that the soil Of the Slave States will
have been increased in value by the extinction
of Slavery by at least that amount so that the
country will DO hardly the poorer, ten years
hence, for this tremendous cOnvulsion, provided
the end be as it ought
But 10 this end means are requiste-pres-
ent, ample, and persistenuy supplied through.
out the next SIX months. How are they to be
obtained7
We most fully concur with the Secretary Of
the Treasury in his repugnance to further
Issues of 4" greenbacks." We hold them per-
niciOus and unnecessary. We hold that One
Hundred Millions Of 1905 having three years
to run, may be negotiated at or over par, es-
pecia.ly if accruing liabilities Of the Govern
ment not yet fully matured shall be received
as they well may be-in payment. And these
1908, which may soon after Peace be CON
yerted into u long loan at four or five per
cent, We regard, 80 far as they can be noated
at or above par, as the most economical secu-
riiy whereby the present large needs OF the
Government can be supplied. With proper
efforts aud explanations backed by energy and
SUCCESS in our Military and Naval operations
agantt tie Rebels, we deem it probable that
Il still larger sum than we have named might
be realized from the sale Of these fayorlte Be-
cunties.
As to tie Secretarys Banking scheme, We
gard it with favor, but do not place much
reliance on 10 az present resource II be-
longs essentially 10 an era Of peace and pros
periry not TO ono Of war and devastation
Wien peace shall have been restored, we shall
urge tho advantages Of Paper Currency, Ma
toual il id character aud benefits, eyerywAereJ