The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-07-27
Maternal Bankruptcy.

The truth is al last beginning TO creep
out The newspaper fluctuations about the
plethora of money, and the general pros
perity in lhe-e good EiGcoln times, ars be
ing shown up, and the startling estimate ot
Mr. Secretary ChaseI' addressed 10 Congress
just before his expulsion IRON Office, reveals
the extent OF our ruin. Let every man look
carefully st these figures, aud remember
thai they are official Lei him recolIect
ss The Secretary says, II feel myself con
strained TO do 40 % We give these figures,
which reveal ,hs starting tact that our 1x-
psudilurs. are twice AZ much our income
aud that both are couDted by millions. Fig
nrss, il is said won't lie /; and while we
di-rru.i any ard every thing coming from
this most incompetent aud ImbeciIe Gov
eminent, we believe that if they err here,
the error 10 ths, the truth is not fully told.
Mr. Chase sets down the revsnue OF the
1918 900 600. Ths, is the fund which is
wrung from " by taxes direct and indirect,
by the stamp act, that revival IN our days
OF English despotisn By tho income tax,
which demands no~ eight per cent. of our
earnings by the tax upon industrial and
manufacturing arts, which double the price
OF everything we ea:, drink. or wear. Three
hundred and eighteen millions wrong from
the country by the most unjust and unequal
system of taxation ever devised, is all we
have with which TO pay our expenses. It's
an enormous sum But 4 only represents
about ne-ihird OF what the people pay !:
Tor one-third OF what is collected goes 10
the Revenue Coilectors-is swallowed up
By Office holders,or is stolen from The Trea-
sury by The thieves who iniest that Depart-
ment How much OF our expenditure does
this revenue pay ? Listen to MIR. Chase ::
"The expenditure of the yea: cannot be
stated with even loletable accuracy but
there is nothing in our experience that will
justIl, the seitng of il at less than $3.50,
900 900. Ii is more likely to reach $780,
600 900, or $3.50. .0O0. 600. Take the mean
sum and deducl that So 900 900 of ex-
pecied re venue, and the difference is $482 :
600 900" What does that mean! A de-
fici of four hundred and eightyt two mil
lion in one short year. Utter, entire ruin
complete and hopeless bankruptcy. Is it
wonderful Chase resigned and lett the mod
ern Babylon and the delights of his own
SeragIio in the Treasury Department? Now
these are not Democratic figures. The De-
mocracy have nofhiHg TO do with the debt
or the statement, except 10 be rnined with
affairs of which il tells. This is the fficial
languages of Mr. Lincoln's 6uaIcier. 1t
must be remembered that this is the story
OF bul one yeaf-a year yet 10 come
Think, felIow-cilizens, of the past three,
and mourn for your country-beridden by
balloons, robbed by knaves, and drenched
in blood by fanatics. Bewail your own
fates-siripped of yout hard earnings, i'm
poverished by present taxes, and over bur
dened With debt which four generations
canncl pay. A deficit IN one year OF iour
huudred and eighiy-twd millions is an-
uounced as inevitable Ii needs no COM
menr. With every necessary of life taxed
ill il will bear no more, we are unable TO
meet OR expenses even half way.
What have We gained for This ruin Lei,
q disssvered and beiigerant country tell the
tale Ask of The bones Of our bravest and
bert bleaching from Gettysburg to the Gull
of Mexico. Ask of the weeping mothers
and wives--the half starving widows and
children, whose scanty income will not pro-
vide the Eecessaries Of lie With what
success has this vast expehditufe OF life
and money been made You may hear
the answer to night in the booming OF febei
cannon assaulsing Baltimore and thrsatsns
ing wsskinsson = Deylsstewn Dam, lab
'6sa