, 1862-03-12
Gbe:::Grihtt1se.
WHO SHALL PAY THE EXPENSE
OF 4XHE wAR7

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This question is taking deep hold in the
public mind. Men are seriously rejecting |
On the subject. It is momentous matter.
Illinois has N interest in its solution to the
ralue Of more than sixty millions of dollars,
besides the annual interest On the same for
a1fty vears to come The debt must be
paid, and the interest on it must also be
paid. Theu sre two ways to raise the
money: one is BY taxation on the people,
and the other is BY cenfscation Of the
property Of the rebels who have brought
the debt on the nation. One Or the
other method must be resorted to.
There is no dodgmg 1t, If we shall |
not make the property Of the traitors pay !
the expense of suppressing the rebellion, |
then We must pay it ourselves. Either our
property or theirs has got to be "confis-
Gated" The debt is mortgage on every
cent man OWLS; on all he eats, drinks,
and wears, until Sit is paid, principal and
interest. Every school bowls familiar with
Lord Broueha1n's description Of how Eng
lishmen are taxed from their cradles to
their graves The future experience Of
Americans will realize in all its magnitude,
the picture drawn BY the British orator,
unless the cost OF putting down me reoel-
lion and saving the Union, issassessed upon
the property Of the authors and supporters
Of the revolt This is not q question Of
abolition, but question Of taxation ::
The war debt wil1 amount to one thous-
and millions Of dollars when the rebellion
is nut down. The interest on this vast
sum vii be sixty millions, to be paid in
gold. The sinking fund for the gradual
liquidation Of the principal, will be twenty
millions year, which is only two per cent.
For several years standing army Of not
less than 10000 men viii be required to
prcserye the peace in .seeessia and repress
renewed attempts at revolt; and to support
this force, will cost at the very lowest esti-
mate that dare be made, eighty millions
annually. We must hare powerful navy
of iron-clad war steamers, able to cope
1.;,1 any armament that NAV he sent tn
our shores. By 8 hostile European power.
4 large navy has become essential to our
domestic tranquility as well as to the secu-
1ity Of our coasts and commerce from for
eigu assault.
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