Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-06-14

the current expenses OF all these governments,
aud all taxes for the education of the children of
the State, will be thrown upon the balance of
the property of the State after deducting the
SI75 500 900, and upon the polls. the heads of
the laboring men of the State Am wrong in
thisI | now have before me an indianapolis
paper o. the date June {. 1864, containing ad-
vertisements, one OF them signed ). p Chase,
which / suppose to be from the Treasury Depart
ment at Washington, for sale of United States
bonds. from of which advertisements /
quote:
AS all these bonds are ez,mDt from muniei-
pal State farsfion. their value il increased
from one 20 three per cent per annum, according
20 the rate OF tax ievies in various parts OF the
country" Thus admitting that State and NUM-
cipal taxation has, IN some places, already reach
ed THREE PER CENT. One-half the legal rate of
interest. the supposed average increase that an
ordinary man can make, and if il is three per
cent now. how long will it be till it will be ski
And in what State will il be heavier than in In
diana after the elections are over next fall. and
the fear of losing votes has subsidedg God help
Us in the payment of our taxes after that.
Here. then, we see we may have great mon
eyed aristocracy, who help TO pay State or
municipal taxes, but 90 Semi-annuslly 70 draw
from the treasury their interest, though collect
ed by the sale of your last COW. Fellow citizens.
II IS time to begin 70 count the cost. At the
close of the Crimean war the public debt of
Great Britain. funded and unfunded, amounted
TO Eo03. 1873 .95S, or 81 900 900 000-New Amer
lean Encyclopedia, art. England. This debt
which seems to embrace about all the public
debt OF the country, there are no States there
is at three per cent. interest IN ational Encyco-
pledia, art. National Debt. The population of
the British Empire is 1900, OO0-American
LII. IT
interest on our public debt will be more than
twice that of the yearly interest on the public
debt of the British Empire. The latter being
four thousand millions at three per cent, equals
two thousand millions six per cent. less than
one half of our four thousand FIVE hundred mil
lions at six per cent The interest on the public
debt of the United States is more than double
that of any nation in the world. With national
debt. then. less practically than one half of ours
while her population and wealth 50 vastly exceed
ours, what is the condition of her. even to com
paratively lightly burdened peopleg One in about
FIVE of the adult male population of England, Ire
land aud Scotland are allowed TO vOte-Creasy on
the English Constitution, . 3l7 While Mr.. Crea-
sy admits, page 3l9, that three millions of the
people in England, alone, as ] understand him,
belong "to an ignorant, degraded and miserable
pauper class" receiving aid as such. land indi-
cate the existence of a still larger class to which
thev belong and which Is but little, if at all less
ignorant, degraded and miserable thar them
selves"
Ignorance, want, crime, disiranchisement, and
pauperism are the natural and necessary concom-
itants of 4 consuming, crushing public debt, in
vOlving, II does, taxation that sweeps away
the hard earnings of iEcessant toll. What must
follow from debt more than twice as oppressive
as that of the British, now being saddled upon
US? For the purpose of comparison | add the
national debt of France, 81 900 900 900; also of
Rnssia 81 ,093, s27 600. How is il that these
Governments have carried on such wars as they
have without making half the debt that ours has
piled up in so short timeg 1t is certainly i'm
portant that should have honest men to con
duct our affairs.
True these Republican officeholders will try to
excuse themselves for the expenditure of the
peoples money by saying that the war makes it
necessary But how came we to have war? |
don't suppose it made just for the sake of
spending money, there some cause for it..
Now, If the fault and wrong of the Republican
party contributed to bring the war, every
lawyer knows they can't plead their own wrong
in excuse, or paliation.
| wish to add one further financial item At
the commencement of the war it is said there
were 1000 900 of slaves in the United States.
This number includes the old. helpless aud sick
men and women, and all children at the breast,
as well as other slaves Now, if the Govern
ment had bought all these at an average of
$500 apiece, beng more than they were valued
at, il would have made debt of but 81 ,000,-
900, 900, only half that already made in attempt
ing to abolish slavery by war; and it would have
occasioned no loss of life no desolation of coun-
try, no destruction of property. &c.
Now, if the Government mas power to abolish
slavery, il might have adopted this course and
then added its constitutional amendment pro-
hbiting it and thus thoroughly effected the OBJ
ject. As it is, attempting to abolish it by war, if
they fail to conquer the South, why, after killing
more white men than they free slaves, and spend
ing double the money they are all worth, and de-
stroying other proderty to five times their value
they will fail after all to abolish slavery, and
may be, cause the mournful catastroph eof
dissolution OF the Union to boot