The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-12-04

AueOteot Auu nave subsequently, cffa-
ted the 520S, also At six per cent. being
tive hundred millions more, making your
aggregate gold bearing debt when the
Whole amount IS taken up, which il
shortly viii be, seven hundred and fifty
millions at pee cent interest, or forty :
i've millions per snnum. Nov, this is
all the gold bearing debt you can hSvs
at the cad Of the present year. Well, I
don't think that will break you, foe the
receipts from your customs alone is. for
the current year, seventy two millions
in gold; for bear in mind that if Won have
a gold bearing deb, you have at tue
same time, 70 some important extent a
gold bearing revenue The whole of
your gold Bearing debt, | repeat when
all the 20J are issued, requires but for.
ty-fye millions, and you have from Gus
toms aloue seyenty-tEO millions to pay
II with.
say nothing ofyour internal revenue,
but that must 6e large. The receipts for
the present year bring At least 40 to 40
millions.
Well, now, let US take the whole debt
due By your government as it will be At
the close Of the present year. believe
| sm not wrong in estimating il At 500
millions, but as large portion of il does
not need interest, (ths celebrated green
backs, fer instance, to the extent of sos
millions, ne may, without entering into
details respecting interest bearing notes,
3 kind of security analogous to our ex-
eheque. bills aud other matters, assume
that your liabilities will be 500 mil
lions, which, at and fraction per cent,
would amount TO some where near as mil
lions to pay the interest upon. Why,
you ere in clover! Much laughter. !
Now let US 60 TO the future. Assuming
your expenditure TO be double what il is
up TO this time, and that the interest,
which is not probable, and that your in
terest on chat accumulated de BIT amounts,
instead Of as millions, 70 $50 millions Z
You have ample resources TO meet both /;
for during my visit here have made
diligent inquiries, aud have never heard
one instance Of objection to the taxes
they seem TO be eheerfully and willingly
paid. The money is required for Z ma
tional war, undertaken and carried on by
the people, who are determined to carry
il on to It's close. No acrimOny, no IN
kindly expressions TO the South, no bitter
words employed, but al parties, to nv
surprise, though differing on 80 many
subjects, united on that one point, that
this war must, whether il be long CT
short, be cgrr;.i on until il is success
fully terminated. Cheers Permit me,
in relation TO the 20 loan, to name q
circumstance which, 10 ne, is extremely
interesting. Cries OF go" ego on."l
have stood &C the counter of your prin-
cipal agencies and watched the kind of
people who, in swarms, sought that in
yes'ment.
There was the domestic servant with
care unfolding her fifty dollars 10 place
in it her scanty earnings; the thrifty me-
ehanic, waiting for bis turn; the sturdy
tars-and this class OF men in number
the anxious widow, with her little bun
die, probably all she had il the world !;
the we'll to do tradesmsB; the energetic
merchant; the prosperous banker; all
seeking to place in this great national
faBd their we'll won gains, with every
cOnfidehce in its security, and with IN
deviati1g faith in the resources Of their
country, AID they were right.
But It conveyed 10 me deep impres-
sion that this loan 80 taken and SO held
throughout the length and breadth Of the
land, formed great savings bank insti-
tuition of IN important character. IL
l.
q guarantee for the faithful maintenance
of the obligation, and il conveys alse the
significant fact how deep an interest eve
~ class of the community takes in this
great conflict
And this viii be my answer in reTly 30
the urgent question from our trans Allan
nc friends. Bat are they able to pay
the INTEREST," Much cheering
Bat if you wall all1W me | will state
another reason WY think so. Cries Of
Ego on, 60 Ca
Where are We now? AZ Cleveland, in
the Stale Of OHIO. Wishing 10 be in
formed looked at the public returns OF
your population. Why, before the year
1910 there are no records Al all Prior
Indian Territory, and the Indian Res'r-
vstion through which this great Railway
passes, shO IS the condition then existing
o Ohio. The Wigwam snd The hunting
spear--livlrg by fishing and hunting
disdsinIng labor, despisiDg regular oc-
cupAtiOn, hating educ stion--addicted 20
intemper al 'e-5ubj eeting the fair pr
-, - 90 Lid q. ar..doo-., - Ell
such - the present state of that efete
race, ana was the condition Of Ohio in
the memory Of living men How little
did they think a. that time thai " hen the
Iudian threw furtiVeiy his blanket over
the stream, and was enabled thereby by
WTinging 10 obtain rom il few gallons
Of oil which was sold in The mel shb =
ing villages under the mysterious appel =
lstijn Of Indian u of rare proper
tier, that at the present day there should
b, trade Ia that very article Of twenty
6 re million Of gallons per annnm--6q1al
ia value 10 thatOf the whole cotton crop
OF the South twenty live years ago.
LCaeeTs This trade is not owing 70
grsenbacks nor 10 che Wr.
coach in the whole 81 To OF OHIO. A
kind and COOL friend Of mine, nov opu-
Lent, WAS then ged ia baying cattle
- supply the City OF New York. They
were driven the whole WAy, ten wearyibg
miles day from the district Of Chilli
cothe, Scioto, and Columbus, Ia this very
Stale. II was 8 weary journey and II
occupied 90 or 20 days. Now bymsans
Of sucn great railways a. The Atlantic
aad Great Western snd others, these
cattle can now be transported in s com
parstivelY few hours. Bat If she Peep e
VI New York had 70 depend for their
supply upon cattle driven this great
distance, they would soon be a. short Of
beef as they are A. Richmond Much
laughter. Cleveland itself, thea IN
knOTn, commands trade eqaal 10 most
OF the hlufI5hiDg toWas Of Earope.
will not fatigue with statistics, OF
I should show you my impression Of tbs
rapidly increasing resources Of yOus
country. am not tiliing Of the history
Of States Or eOuHtries over whose history
and career
"AGa,ssand years her a'st'Hg vi g expand r.
Bat OF those who have ri zen aud pres.
pered, attained such greatness in III
/ lifetime Of living men.
This sad war--sad msnily--for th
loss Of good and faithful mefs--eTidenct
Of which occasionally meet the eye an,
elicit the respectful consideration AM