Daily Richmond Whig. [volume] (Richmond, Va.) 1861-1862, 1862-05-12
spoIIalIon or RankrupIe,.

ton protect our e,z,us and prOpsry which 1t has
not been able in many instances to fufl.
sPSIIaIIOn or Bankruptcy.
The cry, Whioa cones up moss profoundly nom the
bottom Of the hearts OF the people CT the North at this
crisis is that the South which they fancy to he the
verge of being sutjugSted, must be made pay the
costs of the war 1t ia not much question of gov
eminent, or authority, or tenure, ss Naturalization
which thoy think 10 only left to be settled by acts Of
Congress- and enforced BY armies Of occupation They
are accordingly seiziug the lands aud the cotton,
fast their troops advance, diVesling OF their
property and carrying !. OF for the benef. of govern
ment and rotherng such laws Of con6scson
will subcc everything within the territory OF the South
States, movable or immoVabls, to which they
make title by the rObber plan Of ssizng it BY force, to
the Disposal Of the Federal Government
We bays more than once described In various WAYS
the burden OF FSde al Indebtedness very distinct
iie OF the weight Of that burden and the ruin which
q TO bring upon somebody hereafter, may be gathered
from reference the taxable capacity which the Uni
Ted States have exhibited in their former history curing
their career as Government and in tines of national
d.hcul.y. few figures will eIpound more clearly than
columns Of speculation hoW largely this Southern war
iranscends, in It's ecstrCss I'll tie ieraknys Of tie
Government since foundation, even including all iis
expenditures for its support from tho first day Of
ID existence; aGd how desperate the necessity is
for further eKpedents for relief We take for ta,s Of
the exhibit the statement Of Mr. S2aldng Of New York.
member Of the Committee Of Ways and Means in tic
Federal House of Representatives. In late speech OF
he hasrcas he computed the eventusl deb: enaled en-
the Federal Government by the war in tho most fsVoTa
bic event. and by the spsediess conclusion, a. 81 500
/ Oo0 O0O-sightssa h'rsirsd millions Of dRlars.
Turning TO the ofisid tables made up a. the U. g
Treasury the S0h joe, 1880 the last year Of the
undivided UniOn 6ld tina, The total expenditures Of
tie Federal Government, from ia beginning IL March
ls9, to ths; dsy, amounted to s2I5I OsS s2s-tssy.
one ksairei and afvoHs niIiioas Of dollars.
So, the attempt to ensls1e the Southern States viii
bsSs cost for the beginning Of the war as We esteem IT,
Tor ;he most favorable estimate of s completion as tao
invaders count i;siN seVen.hs OF the Who!o amount,
uach served support the ~Eoe Federal Government
IN all is branches, tor sevSgtyoas years. during which
t carried the With Gsat Bdialn aud the war .ih
Mexico, and sundry smell bet not inexpensive, Indsn
in Florida in the Northwest in Utah. and upon the
Pacific coast
The var is hOEeVer, bat just begun in an irtermnable
Of These are oGs the ss. expenses Of the
! experiment and they nave already, BY confession,
reached an amount which mus; rapidly transcend the
stole expenditure Of The Government OF the United
Ses vael The Uaoa ea.irs, for :hree-quMters Of
4 century.
Low t5'so wo-o raised Is another interesting
item il t0e t.lss. Ns.siy four hundred millions were
r,ised by loans sUI treasury nO.es ne actual direct
nt1cuiops ircm eli Other sources, from 1855 20 1850
~ers g. follows
Cus,,-a 81 5.04s4 2s
LlEls. ia 9I7, 500 80
AreeisneoUs, gS4ISle2 -
sIso5. $50 s79 ca
Al ta receipts o. the FEDERAL Government Curing lis
5hls existence % tbe be Gang OF this var 80, there
t7rc Jist s5oa! SQsL to 2r Spaii1ss esim:e q @ha
tbs va viii bsVs COST, L stops 5000.
Il nus DC aotsd that thls eighteen huadrsi millions
Of d9lira IL oaly tho ds5I which ths Federal Govern
aieut will have contae.si bsyo-d it, available mears
Toe cOss o. JLs experiment. Is therefore, still greater
This s shat it is computed vii Fenlin to be paid nv
sJmebOdy sad the F,deFas IRE assuming 1, desde that
q. is to be paid By u
Ba: this SUN Of eighteen huadrsd millions Is 10 DO
inst borrowed sOncsa Tie robbery aad eshaus
iicn Of the S2g4 10 20 o9Re si,srws5d in ord.r to
make fund iof u5enp.ion. Taey will have 10 wad
5ood Ehio bsi,rr fhey realize much out OF that sort
Q! success, oa: such IL thsh calculation The compare
tive magnitude OF the borrowing to be dous may be
emEted by reereDos TO lhsss tables Tae agRr, gate
amount which the Government Of the United States
raised oy bans and the issue Of treasury notes during
s entire tern, irUm 1879 TO 1860, was $3.50 82I 100
- This includes large negotiated for the eA
easoa o. bonds already due, and the reissue of tr Asu
y noies Ths iarges. amount in any one year. % 900
go -a= raised IL 1915 under the impulses OF peace
biths dis;reF'es Of tho government for money, and
the eE;rcme difficulty IA borrowing during the war. are
matters UPON which historians 5avs dated, IN order 10
expose the trouble With which mouey Is raised ui:heut
an adequate syssm o. flancs and tsrlso3, to recr,e
Pnne!ul rsP' ymenG All the money which the govern
nen1 "hsiued durrg Ihe four yeArs Of the war BY
!0ar5, a. SsB lssy than bundled mliAns of dollars
The whole sun Of t2s0.O00 900 for hlc.uatop deblr
removing and epyDg, spread over the seven.youe
YEAR. Nov new debt is up by portion Of the di.
jonted Union in lsss than two years which by coaies
500, canno. be less than ne times the uaols aggre
gass Of all tso borrowed and paid aud reboFrou
81 Aad repaid agEu, Tor is entire existence Of seventy
Sae years.
To get rid OF th mouu;ain Of debt Is nov the ger.
'rsl object Of M Of the NORTH. they are adding
to is h ssadtS fi rockies aesl because they know
nat they c-n 1Nsr larry - BY their osa resources
that It o1i bllsrups them Inevitably aud speedily aud
TIA. Their only chance for relief is 10 the Wholesale pin.