Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-11-05

good the loss OF the Southern market. for shoes.
and the Government a. been ibsr aud sure.
IL not ready ptyms-ier Labor has been IN
great demand. wages hsve risen, and the trade J.
again IN a high state % prosperity
wealth has howei into the State in no stinted
measure. despite of war and heavy taxes In
every department of labor. the Government has
been directly or indirectly the chief employer aud
paymaster. Vast contracts have been undertaken
and executed With the use Of no other credit than
such as - based on Government vouchers and
certificates OF indebtedness
Thus the 50 500 .U01 per day that the Govern
ment borrows is poured into the lap Of Massschu
sets and the other New England States. Whole
e nerations of Western farmers must toll hope
lessiy TO pay that money. since there i no posi-
bilitv ot paving the principal Year after year
Sl4o.OOO n0o. mostly earned by The Western and
MHidle States Ia pamper New England wealth
! he a'ere~t the dett IN ten wears will amount
10 81 U.OO0 ON. which must I've carmel hv the
many 70 pay the few The average amount Of
farm produce exported from the Unfed States
was, IN ten Years to lc62. $6J.ol4 .319 This
represents the surplus agricultural productions Of
the Northern and Western States. Under the
existing debt, more than double that whole
amount OF surplus will be required to pay the in
tefest of the public debt. held mostly by monied
autocrats. created by the extravaganza and cUr-
rupuons OF the war expenditures Very little OF
the debt is held by the agricultural sections, but
II IS those sections which must toll year by year
and hand over To the ,stern sections the vast
sums We have mentioned. verv little rehec-
ton on the part of an intelligent man will con-
vince him how utterly impossible il will be for
our institutions to exist under the double indu
ence of that debt, aud the int0lerable burden of
tribute imposed by the tariff on producers for the
benefit OF Eastern capital The operations of
the TWO in u few wears will produce two classes
pauoers aud money aristocrats.
The amount of the present debt is as follows
in Indiana and Illinois. compared with New
England:
H. and Ind n Eng.
United States debt. sI7l aos IOl sl7l 49, lOl
State debts. 26l0l,s0l l3, 100 900
Tosl............. $751; s,4O2 lsI, 4s2 Iul
Population. 3,u62. $50 3.l36 2-3
Productions per annum. slOO,oOOoOO 4s4.O75 los
Assessed property. %, loo 800 6i3, sol 9lI
The burden of the debt upon the two States of
Indiana aud Illinois. which have about the same
population as 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 production of the latter, protected by
tariff. j. s 65 per head In lndiaua and Illinois
il Is S33 per head. the goods made in New
England are sold to the West. and are charged
with all the taxes pam on them To the Govern
ment. and with the protective tariff tax Thus
the whole of the outlay extoried from Western
consumers comes back to New England laden
with the interests OF debts held and paid by West
ern farmers. This state OF things il perpetrated
by the fact that Indiana and Illinois. with the
same population the six New England States,
have four votes in the Senate. while the latter
have twelve 1t is obvious To the most obtuse
that such state of affairs cannot be perpetuated
because, under it, the impoveri>hment of the
agricultural States will be complete and exhaus-
tive. There is but one mode in which the terri
BILE ruin evoked by this war can be aIlsyed II
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 repLdia.
ton.