The Nevada Democrat., 1862-03-25

brought 10 Pblladelpnla anu Will Oe Seut W
Fort Warren. Com. Foote, at last accounts,
was bombarding Island No. /, in the Mis-
sissippi. At Memphis, the subject of burn
ing the city, 10 case it became necessary to
abandon it, was under discussion.
Financial Resources of the United States
and Great Britain.
We find the following in an exchange,
credited the Cincinnati Enquirer:
As there is much said upon the subject Of
taxation and many comparisons made between
the United States and Great Britain, and their
respective abilities to bear it, we propose to af-
ford information touching their financial re-
sources. From the report Of the London Sta
tistical Society for 1860 it was estimated that
in 1853 the value of the real and personal pro-
perty in Great Britain and Ireland was $780,
0OO,0O0O00. 1t is now from the percentage
of increase heretofore believed to be S32,OOO,-
100000. The census Of 1860 shows that the
value of the real and personal property Of the
United States was $l2, ,000, 900 900. or this
more than $4,000, 100000 are in the seeded
States. Thus the wealth of Great Britain is
Just about four times that of the loyal States,
and a tax of $500, 100000 upon us is equpl in
severity to $500, ,000,000 in Great Britain. A
national debt of 81, ,OOO, 100000 for the United
States is equivalent to the $4,OOO,OOO,OOO
which now constitute that Of Great Britain.
The interest of $500,0O0,000 for US to pay
would fall as heavily upon our resources as the
interest of $4,OO0,0O0,0OO in Great Britain
when we consider that their interest is three
per cent. and ours nearly seven and half, and
that their taxable property upon which the
burden is imposed is four times as large as ours.
ns,& Gwoof nrsfafn in addition m hpr imnnpnRp
home wealth has colonies in every part OF the
globe. That source also adds to the profits Of
her exchequer and enables her to bear taxation.
Our statesmen in arranging taxation upon the
British model would do well to bear in mind
these facts, and also that in addition to our ma
tiOnal taxes we pay an immense amount OF
State and local taxes which in Great Britain
emanated from and are charged directly in the
account Of the Imperial Government.
The figures given above are not correct,
and it was evidently the design of the wri.
ter 10 underrate the resources Of the Unit.
ed States. and overestimate the resources
of Great Britain. A report, emanating
from Committee of the British House of
Commons, on the income tax, made about
the beginning of 1861, stated the value of
the real aud personal property In EOgland,
Scotland and Ireland, at trife less than
$50, 900, 900 900; and the increase in that
country, even In time Of peace, probably
does not exceed two hundred aud fifty mil.
lions per annum. The total value of real
aud personal property in the United States,
according to the census of 1860, was $l6..
OOO, 900, 900, of which $40, ZOO, 200, 900 was
in the free States, the remainder in slave
States. The value Of the property in the
States now under the Federal Jurisdiction
can be but little, II any, less than $l3,000,-
600, 900. The increase Of property 10 the
United States, from 1859 to 1860, amour.
ted to nearly $5OO,OOO,OOO annually, as
shown by the census returns Of the two Pc
riods.
Unquestionably. the wealth Of the British
Isles is fully double that Of the United
States; but when we take into account the
great extent aud undevelOped resources of
this country, the many avenues open to en-
terprise and industry, and the much more
rapid accumulation Of wealth, and increase
Of our population, we may fairly conclude
that debt, as large even as that of Great
Britain, would not bankrupt the Federal
Government. The people will not complain
Of any debt that may be necessarily incur
red in the suppression of the rebellion; but
they have good cause to complain of such
Wholesale plunderers as Cameron, Welles
and others, who are fast sinking Lincoln's
administration to the level of Buehan ans.
The FEDRRAL SOLDIERS. George Wilkes,