Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-10-24
Debt of the United States.


Ireland real AID personal at thirty three thousand
millions of dollars and faction and that Of the 'loy-
sln American SAFES, 81 fraction less than thirteen
.,ousspd Million Az the debt Of the former e about
four thousand Millions or about one eighth, andhs
ABB, oitbs attsrs alleged 70 be at hAltns Oca 1855
.SOu, twelve hundred and twenty ave millions, or one
pn,h Of the total value, Is Tguss to show that If The
B,tt,IA can sand their dsbs, The Yankees can bear
tAsirA Thsr0 might be sons reason IN this Argument
Fsll things we're GqaAl, without Which no Argument
vSrsh iSs bfaatb expended In u.ssFng L. 1.-THE Bite
Ca 6oVsreusni we're going on, daily IN 'inefsas-
~ thar enormous dsbt, e. tas rAs q tea
gilnsas sae quarter per diam, thea thsss
salSas hs s9Hs saiosy between The iEe easss-
But she fast Is directly lbs rsteNS Fhs British Cove
srnGs0t, 60 Ear from sddirg to he already o7erWhsn
ne load Of debt under WAigA the county Is grcauiog
s reducing e every years sosy is nay be- and almost
lnperespiely bat reducing 1t nevertheless, instead Of
adding to L. On The other hand, lhs Yankees are
sddlog 10 thefF, At the rate, 70 hsvS jUstIalJ Of
TO Millions and quarter per d'sDs, shout eight
hundred nionss year. Al yaiy the sskNossdged deot
has reached two thousand millions; for the thirteen
hua5rsd millions OF the Almanac ss,inA.ed, We
have aid OF OytOber o! last year. end eight hundred
millions have been aSdod TO it since that time When
say the asttoss9gsa isbt speak Of thu, which bGI
besu audited, anu confessed in the i,sl reports Of
ne Ianbee Government, L very Ee kloEr, how
ever, thst not moe than holt the real DEB. exists
IA tbs finn Whs i, would be Il The were to COZ
tiuue tbrsush LreOln'd seeoud term, 6gqreI would
hardly enrmerate, nor the human mind conceive.
Tosrs is one very important item Ia the account
rhieh the Almarsc seems to have overlooked. The
British Government pays thle3 per ceat its deb
4bAt il one dollar for sVsiy ,hry-tsrss and third
while tee United States pays At st seven, dol
lr for every fourteen, nearly Will the sum, there
fore, paid IN Eterss: by the government Of G,est
Britain 10 about hJndTed niiogo per e'sHa, thai
rad By the Uated A,es, on its eeEorIs5g,d 5eb Of
tao thou,ard ui5as is one bul 5Isi AID f.ry miorS
p divided he p .eiPa! Of debt 30 40. called Tor, e
ga mater Of very iSs co.'s s7es how hrgs it may
D., f. large or small the interest be pli1 90 the same
m hat view, the deb. Of the United Safes is al5esiy
larger than that o. Great B tain. proportion 20
tas VEus Of the real and pTsonal properly o. ether
Il ia larger siL The ds0. Of Gcsa Brtaia Is a1out
one eighth part Ct the vA.us If the properly,
zeal and personal, aod u constantly d.sSasing -
Fie debt OF ihs C-iied 8 ses is already OnessVenth
AID Is constantly ircstasing Tie value Of Operty,
ssal sud .Onsl Is eonI;an y on the rise IN GTeA
B.itAia II 1915 the value Of landed and other pro-
puty in Great B,aiu s0d IsslaCd estimated a. 81
$50 900 OOO oS aboa hir thousand seven hui dred
millions Of dollars mere, by fifteen husdICd miiC .,
THAI the esIinste pat b. The Almanac upon the value
OF the real and peraoDal esA.e OF Ihe Loyal" States
IN forty-uine years l. has Increased 10 thirty three
millions: that ia 70 cay, &c has Ieresssi reSy AZ the
rata Of iOur cent per o,nata a rapid seals Of sscen-
On for an old country. We are pretty certain thai
Ale AYERS n,resss Ct value in sic lite Safe does no!
a,ptosch thia squire
Iat us test By another 61DerIuent In 1915. when
We have seen shat the vslles in 6rea. BsAn approx
maed the present values in tue U-sei a,es the il
o,me arising from agriculture VA in round numbers
two hundred AID seventeen Millions o. ponds sterling
or about one thousand millions Of dollars. Toe income
a-ising IRON other sources a. manufactures, mines
buks joint STICK companies. a., wss, in FoEnd
b,rs, sbou. Two hCndTCd and fifteen millions pounds
again. abau thousand Liens Of dolsrs Tee 5hOls il
cone Of the Empire, then, abog Two thousand mil
lions OF deliAFs OF course, it must be vastly greater
nos, when the value OF the property from which ia
acquired has so,nisi from thirteen 10 thirty three
tlCuatd miiona All this g taken into consideration
Il cannot TAI far ,ho. Of I've lousaCd millions Of do
lars Ia she came ratio the real and personal property
OF be Yankee nation ought TO yield income Of Two
tlcusand millions. Dies it 90 i.s We thirk net
Nov. sheo you tsik about mans olpaoy TO stand 3
ia you nus: ak about his income. Tee iroome Of sac
N5els nation ia only about three times great the
lnuI expenditure.
Wide O. eat Bi an was aeeumu aiiag her enormous
dso By INDUCING her taste for iOreisu vars che was
o. be same time, uxrg her peoPe heavily. The DEBT
Tspes5r,s her euIp!rs eIpec duTe after al that was
rased By Ak gGon had been spent. Ia year, 1915
tae yssr ssr the var she raised $50 900 Cor abOu,
s4Co 900 OOO) By taxation. Sin there was az excess o.
$1,000 600 Tor $500 OOO COO FOR the year, ard that
shs raised BY lean. Nov, the YsSkess have rGi'ed
r9.ksg By taxes. Il las b5en rohiBg but loan loan,
lOsn. ,Om the beginning. Their resources haTs been
VondsTSd A. TeeIs il nothicg EosdsT,ul sb3u! The
r,atsr 1. has been al bCirO1l,g Upsn &c dcus cSpi
al. Chase has been called great 6aare.sr. So he
~5s 10 The same sense that Monroe EiFai6s vas
efsat 6aaneer Tat Is 70 ssy b. ssinaled everybody
aad paid u5toty. Tie Yankees havo ye. 70 Try tic
apartment Of is1uT; aad when they DO try it. IeIu-
esi0n VII follow certainly the clap tOl.oss tho
$50.