Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1864-01-16
From tho New York Daily Nova
The Federal Expenses and lhe
Meana Of Paving Them.

We recently made some remarks upon the
immense taxation that awaits the people Of
the Northern States rs tho inevitable result
of tho present Government expenditures.
The figures startled aome OF our pora-
ries, and we hopo sot aome OF them to think.
ing. AT any rate, il il quite time that tho
people laid earnestly to heart tho alternative
now inevitably before thom of the most crush
ing taxation that any people over endured, or
the lrightlul ovils Of national bankruptcy,
and a Reputation Of the whole existing debt.
The debt, ifpaid; must be discharged pro rata
OF tho population aud wealth Of the country.
1t makes, ~ far as the payment goes, very
little difference whether the means ARE OK.
tractod from n direct tax on property, or
from taxes on conaumAbls goods, tho people
will in either case be compelled TO pay the
whole amount ia tho rise of rents,
aud in prices Of necessaries of life. The tax
on on consumablo articles are the most popu-
lar, boeanse thuy nro disguised in the prices
of the things bought, and because they may,
to some extent no avoided by non-use of the
taxed articles. This can be done only, howev.
or, within a certain limit, because the mecca
sary amount of money must DO raised, and it
tho articles are not consumed in sufficient
abundance TO yield tho money, other means
must DO used to get it, The expenses per
annnm on tho return OF peace will be
1915 600, 900. This sum must DO raised out Of
the net profits OF the industry of tho country.
Tho proportion OF this which must DO raised
in tho City of Now York ny DO given in H.
lustration, The Federal debt, should peace
be restored in eighteen mpnths, will be, &C.
oording to official estimates, 1850, 000, 900,
which will give an annual interest OF $3.50, 600,
600, in gold, We know il is stated by tho
Administration papers that no more stock pay
able in gold will be issued But that is simply
a threat Of reputation, because IL the coun.
Try exists and pays its debt at all, IL must be
ia gold Every RreenbAck and scrap OF pa.
per new no reokleasly issued will DO placed ON
PRECISELY the same footingu az M tho Five
~twenties stock. Whether that is paid or repu-
dated, we now assume that il will be paid,
and tho amount required DO as stated. The
pension list willbe overl$5O, 000, 900; it Is al.
ready 81, 1000, 600. We assume that il will DO
$50, 600, 900. The army, in 1860, numbered
twelve thousand men and cost SIG O00, 900. II
will never again he under one hundred thou,
sand men, or its expense less than 1929, 900,
900, per annum. Tho navy was composed in
1860 Of eighty vessels, partially in commits
sion, and cost $l2, 600, 900 per annum, II
will be seven hundred vessels, and will COST
$50, 900, 900. The army Of tax eolleotots,
civil list, miscellaneous, ct oeirea, will cost
$50, 000, 600 or TINS
Owl list, foreign, etc, ACKNOWLEDGMENT, a0,0Oo,g ~
isSsoVoY "
lnlenor, pohhlonH, elp' '.''s'."s"",','u'afr SOno'vut
Interest on debt .r,,..'..'''' '.,."-s.' hoUvOivt
Total ...,.... poe. a.... ....., .... ...... o.oo6,9 o
This must DO raised by taxes. The Gus
~ s,u.. ....a,. ..v.s.. t.aaa,a 1tra,N aa Ia