Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1864-10-07
The National Debt.

The A@eneAR people ~ithin tie lAst four
years. have not been given 50 much 70
counting the cost, as they have been earn
est in accomplishing their object. The
govsrnment wanted money. and With pat.
riOtie motive Il has BEEN furnished. The
hoissrs Of the bond. reasoning in this wav /.
IL the government J. saved. the investment
oil be good cne-if Iost. thu ucncv viii
bevo-th A. much there As anywhere. There
Is better side 70 the esessioa. and a huls
investigation. IN the hight Of the results
P-O@i.ed by the campaign jsst opening.
sho- that not only have ws The means u
paving our debt. bot that IN a short space
Of time. the Increase % property vii render
the burden comparatively light. An slab-
Orate statement Of this question Is present.
cd in PamPhle, Published By the LOYAL
P0blioAtion society. from which Ne con
dense considerable portion % ~haf fol-
iow-
The osiciaiiy assessed value Of az The
real snd and personal property offhe United
States IN 1870. ~,s eve ts9 .oCo.0co. o.
States snd territories TIE sutn - ali. 81
44s. 9ss and % The disloysi. a.. eSs. Ter.
SO. Ls--e - ~. valussion seems IL ~as.
nevertheless. IN the opinion Of the bess .tA-
tis,ieiAns. Considerably below a true esti-
mate; in.-uuch a. real p-opersy. ia actaal
practice, = rarely Vsised. for ceus-s returns
and for purposes Of ss-essm-ut. a. morc
than tro tisrfs Of rs rial value. whiie larre
Amounts Of per~onAl property. from she Ia
eiilty with which i A. conceaied. e-ca-s
valuation and assessment altogether. The
increase IN the valne 81 real and r-ersonal
property 20 The whole Unitc, STATE. Tor the
decennial period OF Is5S-S0. ~as IN the -
TO 81 l@b-sS pr cent. an Of the lovai
stAies about - per cent SapPosing. for
abe SAKE Of cauii0u. thst iLo general rafis
q aeoenniAl incrcase has been reiuccd SINCE
lsoo frOn 10 70 100 pr cent. the reverse.
however. beng probably uaore IN accord
anoe VITA the truth.) then the valse of all
the real Ahd P~rsoaal property Of The loyal
States. on the Isl o. July. ls5s. would Be
about $3.50 .O00.o
suPPosin- the whole Of the property 10
be Distributed equally par osysfa auoong The
existing P0PolAtiou Of $500. 600. then the
aPportionDent % each indiy dual would De
SOFA 95.
SaPposng The rubelIon % terminate
a. or before The close Of ISIS. the popala-
ton o. tie restored Union (Which vas ST..
10000 N 1900 70 be "a. 90. 0Co. ths deb,
$500. %. 90. add the value Of the rcal
and personal property oftbe seeding StAte.
70 Be somewhat less than that prl0r % leo
(i-e.. 500. %. O00.) then the vale Of
the real and personal p operty Of tbe whole
Jnion volld be aboaf 81 $1,000 90. the
average wealth pT c1ptfa s634 ~. The
average debt pr olpifa 49,. and tbs ave.
age annual Interssi D~r c,lpsf4 5..5 Larve
though tbesc proportions ray seen. yet az
plying them. practieaiiy. - should Dot con-
fr'er The case q A. individual a. uarticuiar-
~ one Tor couraistration. whose debts ard
Liabilities we're les thar 1ae s~re.fi q al.
sysiiabls assefs. and II not the inlissdu,l
then certainly not the county. rc-orod.
renewed. reinvigorafed. a. ii most b. via
the termination Of the rebellion and e1iia.
guishment Of slavery.
Bot o. fhc payment Of our ,,.;,r,f s.t,
- not q necessity Of he preseni. but Of ID.
future, % Is pertinent next % itglirs g. o,
~hAf arr the resources Which The future 81
be able to eounanJ Tor the purpo.e ofneet
iRg ihe financial burden 20 b. laid uron 4, q
"I IL srpears from statistic. thaf wha-
the rorrisf,o- Of tb, r-..,,.t So. ....-...