Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-05-03
.Feneitures, VIII make oar future budget, after
The val, read sabs.aatially e follows.


Miscellaneous. Lighthouses ete--- 70OO0 zoe
Interest On public ebt-----@--.---.... lsoCoe 600
.-.-e275e 600 COO
This, is IS 20 70 borne. IN miEd, is to be raissa
By taxstion. 1bs Gcvernmsnt could not male
leans il Il would, il ths people were not vii
ling 70 tsI themselves foT the ordinary expenses
Of Government This debt Of three or four
thousand milIioEs is, moreover, last 90 uuch
capital Of the country INK and destroyed.
Worse than that, it rises Ike a ghost and mist
be peid r0Endly for keeping its hands Of the
the sproper!y Of sthe EpSople. Not Only mast
we psYsshe interest, On this enOrmoas amount
of wasted capital, 5aI The people who receive
this interest IS = part Of their income. are ex-
emps from the buFden Of taxation. Three or
four thousand Millions are taken cut Of the
productive capital Of the country, and the bur
den thrown upon the lsboTiug men. Every
dollar sddsd TO the debt, lessons the ability Of
he e1un y 20 support The harden.
As thsre ia no eseAps from this ssste of things,
what is the paIt OF wisdom under Ehs ciTcum-
staneesi Every step and every measure that
p~rolonzs the war adds to tks debt and to The
burdens Of the present and future generations
Every measure that tends to exSspsTsie OR
c~ounsTymen At the South 10 protrset The ssr1R-
gle shoald be dise0untsBaheed. The men who
now have control Of the Government, either
lack the ability to devise measures Of e~0neilia-
tion. or they have no Wish to termiDGts the con
dies. It woald be difficult 20 devise e policy
iess likely to induce the South to yield; a1d tia
only hops we can see for the cessation Of hos
tilities and the restoration Of The Union, il &
change OF the Administration. Thai can be
accomplished in tie Presidential election IN No
vembsr.
From the Springfield Republican,
i is evident that the imitation Of the currency
haa v~aTa ~ rann fe=. - ~ --arIgk-u-- -
that great perils are involved in this reckless
ness. How lsvishly The General Government
pouTs cut is money.
Appropriations CT hundreds Of thousands OF
dollars are Of SO listle account in these days
that Congress cces not trouble itself to ask
questions about them. but pushes thsm lhToagh
Ct sight, snd indeed the millions are not thoug1i
worthy Of much elaboration. WHAT'S The df.
~fersRce1 With = dobs already touching thou.
sands OF millions, Cf what account are a few
millions more n least
Is lot tie money raised" very easily BY {
vote Of Congress, s1d ps9sr aid ink are 10. 50
scs-ce bat we msy Manufacture al tho money
va wsTt7 Psss them along, and keep The
grseEback pri3tr busy. And ihs national debt
is hut one large i.cm Of tho burden We are roll
igg 40, 10 be paid or IePudistsd b. PosteIiiy
TIE safes add millions 20 ttelr Gs5ts with IA,
iErsssss. freedom, aud COUNTIES, cities anl toIr.
follow tho easy eK.mpls.
These mountains Of dsbs, Pelion ard Osss
rest upon a single S2se-tEs bEek3 Of tie peo.
Die. The interest must ccms cut Of sh5iE bar-
earnings, and The principsl must bs paid hon
tie s=ns source. TGaFe Is bus Jus tlseraztige-
general rePGcGIoa-szd that involves G8E-acS
and Iuin % rich ard poor alike, and nst0us
d~isialegIaiCn and inteeiily, from whieas ccl
tLry would ue- recover as.