The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1864-01-28

hll hest point. The real amount OF surplus
capital that accumulates in a year it is
difficult to determine. The capital that is
produced il q year is nearly all expended
in its production. Taking one year with
another, however, small portion is saved
for permanent investments in stocks, goods,
zeal estate, &c The amount of these saw
ings in the city of New York may be
aproximated by taking the assessed value,
in, say, 1876 and comparing it with that
Of 1861, as follows:
va'ua- Popula- Value
titn. ticn perh.ad
1916. w $cii $4,000 4a4.hOO 1854
1861. 5fi.07s,792 $4,000 Go
Inc'se Is yrs. s3a6 la6, ,764 10000 sIa
lnc'se per ann. 2l,74I,756 $4,000 ~
Il is no doubt the ease that the assessed
value is short OF the true value. but this
vas the case at beth periods. The under
valuation was less, however, at the last
than at the FIRST period owing to more
thorough means accepted Of reaching the
property. 1t results, then, that the in
crease ofproperty in fifteen years was 1926,
126,174, or sl12 per head Of the poyula-
ton. In the same time $50 8,4i1.75 were
paid in taxes, which would make the real
increase s414,33s. $40 This waa in
time of immense prosperity. The large
ex ports of breadstuf. from this city began
in l247, followed by the discovery Of gold
in 1880. which swc!'el the C mnerce Of the
city 60 an enormous extern; while the in-
migration was nearly 5000 COG orsouis into
'he country through the city, and new
Western railroads we're constantly opening
new commercisi connections with the city.
All this suiiced to increase the city wealth
s22 100000 per annum.
If now the same state of prosperity is
restored In it's full vigor, the accumulated
wealth in the next ten years will be s217.-
100000; but the required taxes will be
1870 900, ,000-deiicit Sl53 5000 600. In
other words the whole cf the existing per
sonal property viii be swallowed up. The
prosI Gritty can ne be restored, however, for
a century to come. With the war, the
present Government expenditure of 81
100000 per day will cesse. What, then.
will be the condition of the South. which
WIS our former customer for $500 600, 900
per snum? The probability is that the city
earnings will be less than half what they
were before the war, and that the payment
of the debt will b. entirely impossible.
even at this focus Of the national wealth
Mr.. Chase urged in favor Of the issue of
paper money and of his new National bank
scheme, that the paper would bind the
people to the cause Of the Union. The
Confederacy had the same reasons fer pa
per money issues, and the two together
hav. issued 81. 800, ,000 900, or the official
value of ali the personal property in the
country. This is the price paid by the
country to force a domineering minority
upon the majority Of the people. The
great mass of the people were always on
the defensive, against those who wanted
bank, or protection, or bounties, or inter
nal improvements, or special privileges of
some description The whole people pre-
sented solid ph.lsnx called the Democrat
ic party. The restless minority took new
name with every attempt upon the Consti-
tuition and popular rights. For twenty
years they steadily 70 nented that sectional
discord which was intended to give them
power at any cost The Constitution, the
whole wealth Of the country, the liberties
of the people were as nothing in the scale
against their criminal amotion, and when,
in 1861, the Peace Congress was packed
with delegates from Republican clique-
pledged to defeat any peace measures that
might be offered. the whole property OF the
country was offered up to cement in blood
The ill-gotten power of a party born IN
treason and lostered in treachery.
National Democratic Convention
At meeting of the National Democrat
! ic Committee held in New York this day
it was unanimously voted that the next
National Democratic Convention for the
purpose of nominating candidates for the
Presidency and Vice Presidency of the
United States, be held at Chicago, Illinois
on Monday, July 4, 1864.
BY vote of the committee at a meeting
held September I. 1868, the number Ol