The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1862-08-30

ss 49, way nilaee1 q ps1nas, - three
-. q 40 terty.tys Hillisas 81 dollars IL
- syesyycas - - = ptaeiSnasy. vkils
Aer:aossfe % have raised, 70 nors tasSs thss
paaa ehs Ordinary expenses 81 the 0eyersasut
sne have aads pubiie debt ot Sverv doll.r
q ar var sxpsadssrs. Nov, let ske expesd.
ituso ofths cssrsnt twelve meaths b fsaded
q, debt, or net in part By direct taxea. rndsr
taslaw now going into operation, what win DO
charged upon the people u the loyal Stats.
asssGing that the past rate Of outlay sAall 90
long continued The average accumulation per
diea W have seen II $8S2, l89, including civil
military and naval accounts. This would give
us debt on July !, 1858, Of $685., O00, 900 or
vi 70 pr cepitd, and the interest, II the fund.
% and unfhndsd bore the like proportion - ct
present. would b q So per head. But the
olrect tax and other income over and above the
receipts Of revenue in the past year, will 70
oucs this sum to, SOY, $626, OOO, 900, Or $27 %
pr eapita Of principal and . pr eepiss interest
Wnthe reader compare these results, rough.
y estimated for the current year, or any that
no may make for himself, with the national
debt and yearly charge upon the people Of Ene.
land and Francet We invite the study Of the
Facts and figures - the best remedy for the fan.
cies anoat on tn !, subject.
with respect to the rapidity Of the growth Of
our debt, % compared With that Of England,
We have the following facts from official sources:
The debs OF the United Kingdom increased in
eight years from l775 70 1888. 510} millions Of
dollars. During this time she was ct war with
the United States, France. Spain and Holland,
az or several Of them. In nine years, from
1913 TO 1902, ct war with revolutionary France
the debt increased l. 400 millions Of dollars
In four years, from 1911 to 1916 ct war with
Bonaparte and the United States, increased
S89 millions. Ia one Of these years, 1918, s9S
millions were added. In period Of twenty
two years. from 1898 to 1916, England added
to her permanent debt z, 1888 millions Of dollars.
90, it appears that although England WAS
forty years msssing her great debt, yet for
in tho average 1864 millions per annum and in
one increased it S96 millions while ours has
grown at the rate Of but 333 millions in twelve
Of the sixteen months Of the rebellion.
In : few days We will be prepared to give
our views upon the recources Of the country
The National debt, expenditure and revenue,
will DO further considered in the treatment Of
the more difficult questions before Us.
N0rE.-Whoever undertakes to revise our
calculations will recollect, that to ascertain the
expenditure occasioned BY the rebellion, We
substrsct from the Public Dsbton the LIST July
1862 SSH, 0O0. 600, the money then in the
Treasury-$7, 900 600; the old debt, fraction
less than $50, O0O, 900; and the payments made
By the present Secretary, on account of the
old debt in Treasury Notes, nearly SCI, OOO, 900
which leaves Sass, 0o0. 900 increases in 480
days. /; IS -. '&'' 20
The interest upon so much Of the Public
Debt, Is has been created since the It'll March,
1881 (the date Of Mr.. Chass's induction, J Az
ersges AZ per cent. The Z, 8, 10, 6, s. and 4
per cents. together amount to $18,978. 0S3 per
annum. The principals, with $3.50. O0O, 600 Of
demand notes, without interest, issued by him
amount to $452, OO0, 600. 3ags ssIt ~ gi|
z Tho interest upon the subsisting Old Fnndsl
Debt is $3,276,877 per annum.r dc