Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-11-09

paymaster Vast contracts have been undertaken
and executed, with the use of no other credit than
such is based on Government vouchers and
certificates OF Indebtedness
Thus the 81 500 900 per day that the Go-ern-
ment borrows ID poured into the lap of Msssaehu
sests and the other New England States Whole
e nerations of Western farmers must toll hope
iessly to paw that money, since there Is no posi-
bility of paying the principal Year after year.
$l40, 600 600, mostly earned by the Western and
Middle States to pamper New England wealth.
The interest on the debt in ten years will amount
TO ST. 400 900 900, which must be earned by the
many TO pay the few. The average amount Of
farm produce exported from the United States,
wns, in ten wears to 1862. s63.5l4.3 79 This
represents the surplus agricultural productions OF
the Northern ard Western States Under the
existing debt, more than double that whole
amount OF surplus will be required TO pay the in
terest Of the public debt. held mostly by monied
autocrats, created by the extravaganza and cor
ruptions Of the war expenditures. Very little of
the debt is held by the agricultural sections, but
il is those sections which must toll year bv year
and hand over to the Eastern sections the vast
sums we have mentioned verv little fehec-
ton on the part of an intelligent man will con-
vince him how utterly impossible it will be for
our institutions to exist under the double inhu
ence of that debt. and the intolerable burden of
tribute imposed by the tariff on producers for the
benefit OF Eastern capital. The operations Of
the two in few years will produce two classes
paupers and money aristocrats.
The amount Of the present debt is as follows
in Indiana and Illinois, compared with New
England:
I'LL and Ind. n Eng
United States debt. sl71 2as.I01 sl7l,ss1, Ol
State debts.- 26,l0l,sol l3,l0ooo0
Toial. .......-.-. .sls7.Ss.4O2 1874, ,lOl
Population. 3,O62, $50 3.l362s3
Productions per annum. sl0O.00 600 494.OT5 lOs
Assessed property 81, loo, 800 643,s0lsl7
The burden of the debt upon the two States of
Indiana aud Illinois, which have about the same
pupul 'tion the New England States. is $50
per head; in New England SOL per head. The
sum of the debts nearly equals the whole of the
assessed personal property under the census of
the two Western States, and is less than 80 per
cent OF that OF The New England States. The
annual pfodurtion of the latter, protected by
tariff. j. Sl65 per head In Indiana and Illinois
il Is S33 per head the goods made in New
England sold To the West. and charged
with all the taxes PAIN on them to the Govern
ment. AMI with the protective tariff tax Thus
he whole of the outlay extoried from Western
consumers comes back to New England laden
witE the interests OF debts held aud paid by West
ern farmers This state of things is perpeIrated
bv the fact that Indiana and Illinois, with the
same population rs the six New England States,
have Tour votes IN the Senate, while the latter
rhave twelve. Ii il obvious to the most obtuse
that such state of affairs cannot be perpetuated
because, under it, the impovershment of the
aericultursl States will be complete and exhaus-
tive There is but one mode in which the terri
ble ruin evoked by this be aIlayed IL
Is by an entire abolition Of the customs, duties
and an assessment of the debt upon the property
OF the country. This latter is not constitutional,
since all taxes must be levied according to
population The alternative is entire repGdia-
ton