The Chattanooga Daily Rebel. [volume] (Chattanooga, Tenn.) 1862-1864, 1863-02-28

few days The rumoreA illness Of Roseerau
Il not considered altogether reliable as i
conags 81 one or two questionable shapes NJ
naWs RON the coast
Tho Secretary Of the Treasury estimates
Tho expenditures Of the Government iol
five months, beginning on the LIST of Fobru
Any, 1868, and ending June Both, 1868, al
$500, fg3,7l5 81; this however includes
the deficiencies arising prior to February
lst, 1868, which amount to SSO,962 80,
and which taken from the gross estimates,
Win leave $500, 462, 1852 %, as the cstimat-
cd expenditures for FIVE months. II thus
appears that the average expenditures for
each month will be S59,0Q2,5 500 50 5-5,
or s697, llO,6O7 Is Is, for twelve months
Il must bo remembered that this large
amount Is caused by the extraFagant prices
produced by an inflated currency and by
partial scarcity ofthe articles that have to
be purchased by the Government When
food and clothing become more abundant,
as they probably will during this year, and
The volume of eur currency is decreased,
then tic expenditures Of the Government
will be greatly reduced. IN former articles
we expressed the opinion that the Confcde-
rate bonds would command premium soon
after the close Of the war We now pro-
pose to give briefly the reasons for that
opinion. The value Of taxable property in
the Confederate States Is estimated by the
Secretary Of the Treasury at 1000 millions
of dollars; this, at seven per cent, would
yield $50 millions Of dollars per annum
We think the value Of the property in the
Coufederacy will exceed the Seeretary's
estimates, and VIC are satisfied the gross
income VIII be far more than $50 millions
for the cotton crop alono will bring near 240
millions a former prices The profits made
BY the Nertbcrn States on Southern crops
aud Southern trade, would in few years
easily paw our Confederate debt. Mr. Ket-
teii, ono ofthe ablest commercial writer's in
New York, estimated, before this war com
moncod, the profits made by the Northern
States from thor trade with us, at near Ave
hundred millions Of dollars per annum. But
there is ono view Of this subject that we
wish to impress on our readers, and that IS,
that no matter how great our debt, as a
Couiedercy may be, so long as we owe tito
our cwn citizens che wealth Of tho Conied-
eracy Is not decreased. If We owe 1000
millions to our own citizens it would be the
same 50 far as the aggregate wealth Of the
country Is concerned as if we owed moth
iag, because We owe The money to ourselves
and what we pay 70 the Government in the
shape Of taxes, we receive back in interest
upon the bonds 10 be sure the citizen
who pays the tax may not receive tho inte-
gesi, but another citizen will, and thus the
aggregate wealth Of the county will not be
diminished Suppos, The Government
ahould collect by taxation eighty millioas Z
year and pay Il out to It's own citizens
would not the wealth oe the country remain
the snao, az II II had not been collected
Again every man may and ehould becom,
interested ia Government securities Every
man that has any tax to pay can now buy q
Government bond o. set possession Of al
interest bearing note Those who refuse /,
Va SO and prefer ipyestiag their money il
hpads, negroes, cotton or some other species
" popcrty, because they have but littl
iaihin Confederate bonds, cannot complain
igthsir property y taxed to pay tho into
resl, b those who have moro confidence il
ibc Government, and are willing to inves
thely capital ia 10 bonds Those who ar
new willing Is sustain the credit Of tb
Government " making Investments Il
Cloycrnmeni securities, are entitled to re
ctiyd The fostering care ofthe Govenmen
Ii thc future Those men who non prere
any speciss u properly 70 Ooniedcrat
money, are the very men that will cemplai
At having their property taxed 70 Pay thcs
bonds and notes. The men who, by exvor
fon, awindlisg md Government conirnc,
are mAking Tie most money By the war ar