Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1863-11-07

eminent the debt is rolled up 8, 500, 900
per day, and men are dragged from their
families to toed armies whose mission is
TO deso;ste the best customer OF the
north. While the west is grooming v th
distress under this expenditure Of blood
and treasure, how does New England
ia'e-,hs home Of the oligarch Who are
dr'vi, z on the juggernaut Of blood and
rspine? Let the .fficiat report Of the
| Massachusetts bank commission for
1863 reply:
Seld m, if ever, has the business Of
| Ma sachusetts been more active or pro.
itabIc than during the pact year. The
var has brought into activity many me-
ehsnicsl employ meut., for which there is
little occasion in time Of peace. . ="
The necessity Of Transporting great bod
es Of troops ftom point TO point along
our sesboard, and Of furnishing them
With subsi.teuce, has called into the
service Of the government . vast fleet
Of Transports; tor the hire Of which own.
srs have received rates OF compensation
greatly exceeding the ordinary profits Of
commerce. Every steam vessel, capa-
bic Of navigating either the ocean or
harbors and rivers. has been :hus EN-.
ployed, and many more, previously re-
garded ~ worn Ont and no longer sea-
worthy, having been fli"s'ly repaired,
and made to pass through hasty and
corrupt irsoection, have gone ont laden
with valuable property or invaluable
lives. to be wrecked or rescued, as the
chances Of the weather, or a. skillful
steamship might determine. The ship
yards, both public end private, have
been worked to their utmost capacity, 10
the construction Of iron clad gunboats
and other vessels Of war, while machine
shops, rolling mils. and foundries have
beca equally busy in building their en-
gines, rolling their armor plates, and cast.
ing their guns.
The wants of the army have come in
to make good the loss OF the Southern
market (Ior shoes) and the government
has been liberal and sure, if not rea.
dy, raymas,er. Labor has been in
great demand wages have risen, aid
the trade is again 10 high state Of pros.
peri,y.
Wealth has flowed into the State in
no etinted measure, despite of war and
heavy taxes. In every department Of
labor the government has been, directly
or indirectly, the chief employer and
payDaster. Vast contracts have been
undertaken and executed, with the use
Of no other credit than such 40 is based
on government vouchers aud certificates
Of in Indebtedness.
Thus the $4,000, 900 per day that the
government bo,rows is poured into the
lap OF Mass .chu.ee,s and the other New
England States. Whole generate 10 OF
Western farmers must toll hopelessly to
pay that money, since there 10 no p ..si-
bil'ty Of paying the principal. Year
after year $4,000, 900, mostly earned
by the We:tern and middle States,
10 pamper New England wealth. The
in crest on the debt in ten years will
amoapt to 81, 400, 900 900, which must
be earned b. the many to pay the few. |
The average amount Of farm produce
exported from the United States, was. 10
ten year, to 1862, $63,sl4,379. This
represents the surplus agricul, ural pro
dnctions Of the Northern and We.tern
States. Under the existing debt, more
than double that whole amount of sur.
Plus will be required to pay the interest |
ct the public debt, held mostly BY mon |
eyed antocss's, created by the extrava-
gance and corruption Of the war expen-
d'tu'es. Very Title Of the debt IS held |
~ the agricultural sections, bat it j.
those sections which must toll year by |
wear, aud hand over 10 the eastern ecc
tons the vast sn"s We have mentioned.
A very little reflection on the part Of an |
intelligent man will convince him how
utterly impossible it will be for our in
.,itut'ons to exis. under the double in
dnence Of that debt aud the intoIe, able
'urdeos Of tribute imposed BY the tariff
On produce for the benefit of Ea.tern
capital. The operation of the two in a
Te'y fes years will produce Two ella. .cs
-psnpers and money aristocrats.
Tho amount Of the present debt il as
ollows n Indiana and illinois, compar-
ID with New England:
IN. and lad. n Eng.
Jnted States debt. sos. l0t 1893. iol
state bebts... 26lJl,x0l l3,lOO. OvV
Total. .sls7 sos, 400 3is4,4sa 1el
, !, ........: 3.Os2s s0 3.la.,2s3
reductions per annum$1 % 900 zoo 8494 q 5iVs
Assessed properly ....S2l LOO, 40 "a, so, sl7
] be burden Of the debt upon the two
states Of Indiana and Illinois, which
ave about tie same population as the
New England States, 10 SOC per bead: |
n New Engiaud SOL per head. The
nm Of tue -ebt nearly equals the Whole
4 tho assessed personal property under
ne census in the two Western S,ares.
nd is less thsn 80 per cent. OF that 81
he Nes England States. The animal
'roduet'os Of the latter, protected 10
arm, is GIGS per head. Ia Indian. .r1 ,
llI,nGis i is $33 per head. The GOOD.
made II New England are sold 10 the
vest, and are charged with iii ths
axes paid ON them to the gov rpment
md witn the protective tariff 49,. ,
Thus the whole Of the outlay extorted
tom Wostern consumers comes back n
New Eoelsnd ladea with The. iptereat
y debt held aqd paid b. vestssa farm. ,
~ This state Of things i pespeieolei ,
y - fact that Indiana and Illino;s.
sath The same popslalios . The iii
'sw ksglaad DealsA lAsvs less velso