Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1864-01-02


Say will be required by January l. 1884,. 3SOOOOOOO
And by July !, 1884,. 4OOOOO,OOO
Total 81 ,6oO 600 600
Deduct from this sum the amount reed
from taxes to January, 1864, say...... 100 100000
Balance. 81 500 900 900
The amount now funded. 3S7 100000
Total ,6S7 900 600
In connection with these explicit financial
statements, there arc few facts which must
be taken into consideration. Our debt is
about twelve hundred millions of dollars.
We have population of about twenty-eight
millions of people. and this population is
constantly increased by immigration. The
people have confidence in the government,
and invest their money readily. Government
bonds are at ten per cent. premium. We
trade with all the world. and receive from
customs enough gold to pay the interest upon
our debts. The heaviest expenditures of the
war are about over. We have plenty of the
best arms and ammunition. and our soldiers
are comfortably clothed. When we begin a
new business we must spend great deal
upon new business we must spend great
deal upon the start. After that we have only
to keep up our stock. This is precisely our
position in this new business of war. Be-
sides this, we have all the industry, wealth
and talent of our people as our reserve capi-
tai. and that is equal to any conceivable
amount of gold in bank.
Turn from this picture to that of the rebel
finances. BY next july the rebels will owe
eighteen hundred millions of dollars. The
population Of the seeded States is only
about five millions. Their only capital is
cotton, and they have very little Of that, and
cannot sell what they have. Their paper is
only worth eight cents to thu dollar in the
confcdcracy. Outside of the confederacy it
is sold for waste paper or to curiosity hun
t.rs. The rebels themselves distrust it and
exchange it for our gernbacks at tremen-
dous discount. They also refuse to invest in
the rebel bonds or to sell their goods and
products for rebel money. They have no
commerce, except by blockade running. and
that is such an injury to their currency that
the government organs propose to stop it by
special laws. Their army is without cloth
ing, shoes and food. They manufacture al
most nothing. Starvation stares them in the
face in their large cities. In spite of their
natural and assumed bravado, they are re.
luctantly compelled to acknowledge that they
are financially as well as morally ruined.
The letter Of Commissary- General Northrop,
Of the rebel army, which we published yes
terday. shows that in the matter Of food they
are ruined also.
We ask any reasonable man, no matter
how prcjudicrd. to calmly compare these
facts and figures, and then doubt the ultimate
success of the Union cause. And especially
we recommend these financial statements to
the attention Of English sham neutrals and
European sympathizcrs with rebellion.
Y Herald.
UNCLE ABE's LArEsr.-The following is
given as the latest from the White House:
"In recent familiar White House con.
versation, which, incidentally touched upon
Mr.. Chase as Presidential candid te, Honest
Old Abe dryly remarked that he would not
for the world disnossass the Spcretnrv of the