The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-04-27

These figures are all from tire Treasury
reports Now il will be observed Iha,twenty
miiign bushels OF oats bough, in 1861, cost
seven million dollars, which !. loaned At
seven pet ced' for twenty years, would re-
quirs 10 repay il nine million eight hundred
Thousand dollars OF interest, and seyen mill
iiou dollars, which il loaned al seven per
cent. fos twenty years, would reqcire 10 re-
pay it nine rniiion eight hundred thousand
of principal together, sixteen million e isht
hundred thousand dollars 10 specie. To
py lhe same quantity OF oats in 1864, ro-
auires eighteen million dollars, which Dor.
rowed a. five per cent fer twenty yesrs re-
auires eighteen million dollars Of interest
in gold. sad stgh,ser mllion dollars of
principal ,ogsGher, ihir,y-si< million do!s
lara or thus:
20 600 600 bushels oa,s borght for specis,
cost sic 800 600
20 600 600 bcsheIs cas- bought fer paper,
ccst sc. 900, 600
Loss by nae Of paper currency SIG 200, eco
Now il VIII oe observed That iflhe whole
years expenses had been raised by taxes
and purchases made Tor cash, the army osts
would have cost seven miIlicn dollars and
no more. By borrowing in specie they cost
sixteen millions eight hundred thousand
dollars. Two and cne-third dolafs for one
by borrowing in paper to pay in specie.
they cos, FIVE dollars for one or, thus
The fnfmets furnish twenty million bush
els this year !or eighteen million paper dol
lars. When the deb, is funded, ,-ihe specie
cHrtsacy rsstssel and ,axss l,sis
10 pay The money borrowed 10 huy the oa,s,
thsy mus, raise and sell cne hundred and
ei.h, hundred and eight million bushel1 10
replace The twenty milIics bushels 10 re-
place the iw salty rniilid8 consumed by the
army. Three years OF such consumption
rolls up three hundred and twentysiouf
million busllelsof oai. 10 be raised and sold
pay what has bsen partly eaten, partly
hu-aed, and partly rampIed under foot by
cavalry horses
This is the case with all the articles used
in this war, and bS re f1ec,ing on this pro-
cess the isrnst csa lofm some notion
of the fiigh,ful Snrden which is 10 be thrown
hron his shoulders by The war finances Of
Mr.. Chase. Il list be borac in mind tha,
the m oney or capital now borrowed is
totally destroyed, aud no, put 10 ans pro-
duciise employ yment. As for example, the
Erie railroad borrowed ss5, 600 600 q, seven
per cent, for lorg Terms of years. That
capital was applied 20 The building of a
road which 5rooght into use the products
OF Eve huud.ed miles of conuiry, adding at
least $50, eco 600 5st snnum TO the ex-
changesoie wealth OF the country: The
capital thus earned lis own interest and re-
produced itself The Government is nov
employing miliion Of men 20 do nothing
bnt vase aud destroy, and essty dollar OF
The cos, is 10 be replaced By five hardly
earned.
They are also 10 consider that the 50 ooo,-
oo0, 900 already SO destroyed is9itsined of
the Gafmets and woikers by cAdilors in
whose hands that sum is exempt from tor
ation. consequently double tax must :all
.pon all property -;hss remains. Wha,
was The Chief element IN che Fssneh Rsso-
Iu,ion ? Il wa. iha, the property of church
snd noblss yassexempt from taxation and
that The laboring poof were compslled to
support expensive Government hsavy in
debt. The thing became impossible, and
nobies, ehnrchmen, Government and dsbt.
wefs drownedin blood. Tbs Nav England
oIiearcy, which has fastened this reign of
= =. .-
blood and debt upon the country, had efsst-
ed this, privileged class OF moneyed arlsio-
eIass 10 be free of taxes common 10 other
sropsny holders. ase they hzys sbsssbsd