Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1863-01-26

The Danger OF National In
, sOkvemcy.

lN.t III MU EVUINN u8y uoA.tN yNIANtfANyN W tAlN
colossal expshs6s Of the wtF add the DnoFnoua9
strain which msst BE- put onthe Hati0bhl afsdk
cannot fail " Arrest att,4tda aEa mk2s sa5
ntofouuda IMPRESSION on Ne pabt6 nthd -
Eloqueuce, OF course, there aaa none in Mr.. |
Spauldings speech; he makes no pretensions |
10 TT Asa aiaplay Of auHnciHi BEgHuity itt
ranks equally low;, though ., successful busi-
ness man, MK Spanldiha HAS no reach sof |
mind he is "a ordinary q man ~ the general
average OF Congressmen, rising above the |
dead ievHl of their dreary medioerity only IN |
q knack Of making money, and in the inhu.
euce due, to wealth acquired By personal en-
ertion and run Of good luck But A. Boz |
we'll wus the frat Of biogrAphers because he
was the most servile OF hunkeys, 30 Ne.
lSpadldiuRJ has paade the nost4 instructive
speech OF the session because his felt incapaci'
| ty for large general views has made him q
most carflpl sollectoy,ofl facts LtaI0R i
His speech required only the faculties OF
an accountant it is mere arishmetle without
| stateSmahkA Nip Lbutahsfd NAT hothA8 JShlch
tthe county 90 much needed 70 know as the
exaets rate Of the natiopeln expenditures pn.
smteiiished BY the colofihgs Of theory and
this desirable knowledge Mr. SpGuidihg has
given us in the satisfactory nAkedness TO be
expected from mind too barren to clothe
/
eIoase pee tgcamsg spg qyep, a5ihyse his
1try Il would be a great Advantage Ntp the
dispatch Of public business if Congress- were
more largely, made, up Of useful and ddiligent
men ike The honorable member from the Bnf-
falo district The nation is annually bored BY
i leonceited mediocrltiss mounted on stl lts who
make vain' attempts to eohcesf thefrS Mental
poverty under turgid and empty rhetoripl---
Mr. Spaulding has set this herd Of sporting
pretenders an excellent example in not at
tempting 10 hy when nature had only given
him faculties 70 burrow and, bad es is his
political economy, he has laid the country
under obligations by the facts he has dug up
and brought out into the light sAi A'Sa1 ot M
we could not" says Mr. Spsulding, shut
our eyes to the vastness OF the volnme Of
debt that was open before us. II was very
soon made apparent that our national debt
would, at an early day, reach SQ,0000 100000
equal to half the debt of Great Britain. -
If Mr. Spaulding had perceiyed the full signi6.
canoe Of this comparison to the enormous
public debt Of Great Britsin---a debt which
has so long been the financial wonder of the
iworld-he would have added that, in the pres.
sure Of the bnrden, our debt would be not
half equal to that Of England, inasmuch as
! the interest on ours is at twice as high a rate
i And this staggering result will be reached BY
the end of the fiscal year, for which il 10 the
duty of Congress at this session to provide /;
that is to say, on the 30th Of June, 1864 -.
The following brief paragraph from Mr. Spaul-
dings speech embodies statements on which
every rejecting man in the nation will do
: well to ponder:
THE time has arrived when our 6nanees
/ must engage the earnest and united attention
Ipflall loyal Representations We werel In
great peril last year, but our dangers are now
two-iold what they were then IL was very
/ Idificult last year TO provide the money to
meet the large appropriations made for the
support Of the army and nuyy. II will be still
: more difficult 20 meet the enlarged require
ments of the current and the next fiscal year.
The army bill alone Appropriates over $73l,.
s 900, 900, which, added to the estimates of al
other expenditures for the fiscal year ending
June 80, 1864, amount to the enormous sum
5 of 81. .O95, ,43l, 1886, to which must be added
Y the amount still required for appropriationl
and deficiency OF, the year ending June 80
1863, and which, according the Rehpft o.
the Secretary of theS Treasury, ~amounted or
!, eslakof December tothe st6poe a66l ,22I,
II l3l,59, making the whoa aggregate required
: to meet appropFixtians dteing Nthe next eigh
# teen months, 81, SAG, ,634, ,3l5,f6s
Dividing this enormous sum, which the Gov
0 lerntnetst must raise within, the ensuink ei,h
v teen months, by the twenty millions Of inheb
|, Iitants on whom the burden will fall, give,
= IsomethinR more than eighty-two dollars fo
J. each individual of the pt,pulation Tha s;o
u hfnfAcanee or this fesrit wiliti be- adeouateI,
Z nerceiysd unless we consider that only :, ,C,sc
ii lEl'11 4 ~ u z NM al l.,I - - y Ns-~-