Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1863-11-12

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Aggregate, ........... sl,22s,saa,77i s,e,ss5,elo
Average rate ofntercst,s.S per cent on the whole
debt.
Average rate OF interest on funded debt alone 6o6
per cent.
1t is further stated that the administra-
ton Of the Treasury will show clean bal
ance sheet to the first Of November, and the
payment of every creditor Of the govern
meut, whose claim was on that day audited
and ESTABLISHED. Secretary Chase has also
$50, 900 900 ready for the brave soldiers
of the Union, and the Paymaster Generals
requisition for September and October will
be honored whenever presented. The
Treasury vaults contain gold enough to
meet all demands payable in coin for nine
months to come. From customs alone the
receipts are more than enough to pay the
specie interest on the public debt as it ac-
crues. Washington correspondents fur
ther say that Secretary Chase has just in
structed Treasurer Spinner to pay all Ger
titicates of Indebtedness bearing interest in
coin, whenever they should be presented,
and whether they are matured or not
''1'he Treasury is so rich that Mr.. Chase
has judiciously decided to stop the inter-
est.n
The eagerness with which the govern
ment bonds are being absorbed by the
people is well known. The sales Of these
bonds made ON Monday last alone, a.
mounted to $3.50, 900, and on Tuesday
to S2,l00,00o. The total amount of pre-
vious sales Of this class of bonds we have
before stated. Such is represented,
briefly, to be the condition of our finances
in the third year ola war unparalleled IN
magnitude. And the general prosperity
of the people at the north was hardly ever
greater their confidence in the success Of
this righteous war for the preservation OF
the Union was never so great as now.
In Rebeldom,the Richmond Enquirer OF
the 9th ult.. admits '!the condition OF the
currency has become SO alarming that Its
Importance has risen even above the eX-
element OF military movements. From
every quarter OF the Contederacy essays,
schemes, expedients, and remedies are dal
Nv scattered broadcast over the country
and suggestions of every character ant
description are urged. One thing is Ger
tain and indsputable - that the grea
financial management is an utter and abb
solute failure" The people Of the south
will not invest. The rebel government
has nothing to do but to grind its curren-
cy mill, and 'pay out, out, OUT Will
nothing comes in, in, in prices so up, up
up, and the value of the currency down
down, down. The expenses Of the Con
federate government for the half year, end
ing December 81, 1868, are estimated a
over $3.50. 900, 600. To the great infa
ton Of the currency is attributed larg
share of this amount; and owing to tn
same cause, growing more and more pc
tent. eating deeper and deeper into the vi
tails Of Rebellion, EVERY day,it is calculates
that the expenses of the Confederate gov
eminent for year will now amount t
one billion Of dollars. The rebel govern
ment has no customs, no property, no in
come but taxes, and the people Of the SOutl
are already taxed to death. A collaps
sooner or later must come the sooner tn
better for the southern people, and tn
worse for their rebel mis-leaders.
e T,sr ErrrrvoxS Massachusetts, ha