The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-06-10

ef scnpa, centd imps, thr Fina1ca t,rts,er az =.
Gorersssesi Ut ss 4, ioasc tf5 svpws, os i'm psna
ing bankruptcy. Ia iansuasc ltae shsf which sIr
Chsse eaussd in he laid b<i5fe the essais In ~
'iti sahics he addressed 10 The Fiaanc. t'rmm,uee
rfcoruiS ndias the a.iufiEon ri ihr Two measures
have menGoned Ills language is'
,.ft gus, rct be thought that | regard ether or
hnta cf tse c MEASURES aaeQuats remedies tof n
nanc.sI dis.rdry so,hins short OF t.xation tn one
hai -; the amount OF our GARRETT erPcpdttuf .,
aai rs dues.9a o'rhnsc expenditures The lowest
pains conna.ihe With efa.irrcY. will iaause daaR
cisi success 20 the oorc-nssen ara withcut Mill
tasy snccezs sl measures vii sIil"
fhc arrusi ra,s Of expenditure "a now At least
al roG, Gl0 ger ea1nIa. There SIe ssgactCus tEA
we'll inforncd iuen who insist that II IL rot less
than fnur million daE OF present rcdSet10n cf
iaxaii,n which Mr. chase inveAes ss essential 10
Insure succrss 10 the fiaaEces Of the Goyryamcnf,
IA not iess Than I've husdrcd millions Of de.sats a
yens-,ha. f., Eve huRtred millions Of fixed. pei
Tnane1f rcyEHue arc necessary, even II there be Y
mill, sry succrss. Otherwise 'sal measures Will
tSi." 1t r. qa.rcs military stccssz, now, TO make
ye isu area millions r.. ssxatioa sufficient 10 garry
oa the Goye.EE,ent. Thai, TOO. be II noted, VIII 9
for q peace establishment. What would be needed
iJT coz inuai war establishment, l! shs.i
not In lime and so cGTp etelr ae ~ ciese up
the ~st ana ssas the expenditures, Ms Coase does
not profess IA compute for II IS ptai.'y in bis
thoughts that, uH:fsF the ne this finished the
preset gear, the Government is bankrupt
The friends OF Secretary Ci,asc and ethets are
turning fieYcely upon CeH5ssf with rfYfoaraes tor
having b-nkr- drea The public credit. and hrHbsht
isss roiniyy 10 Ihe vefy verge 0f bankruptcy by
failing ~ provide taxation, In tine for tho support
of tsia1syprrni-at in Hain;ainlns sound cussali-
cy and uas;aihcd credit, Already II Is quoted bsre
as bitter bumsIi1'IEn Hnt the sfga ri shameful
!scredit, that the g par cent stocks Of the proud
GovetHneni Of .be United States rule IA London
only q ffiGc ahsye the rates at WHICH loan w:ls
negotiated Tor the intrusive EmIeEor Of Mexico,
who has not yet entered upon his d0InRions, nor
erganizpG ah Administrations. 1t almost seems az
l. tas were The beglnning Of wfanse amcna the
factions, 10 throw Gf upon each o. ber the odium
OF The national dshonor which they tear or fore
see IN Inc ultimate II not tha early liquidation Of
Tue DEBT, by the failure IN provide means tor dis
principal.
1he two fold con iitio1 by which this Is to he
ave!sed Is: first, complete military success; ard.
secondly, nfHsdlaie iaTa,ion TO raiae i've hundred
millions os dollars year. Koowiag the strength,
endurance, preparation, ana Aetcrmnsiion If The
south, the II 81 condition may he dismissed Hs
aafatnahle, There can be no success by srms
u hieh will d0 Rway with the necessity OF raising
more Than This five hundred millions.
Congress, nov ever, bas fnduised the eecretaTy
by brsnssna forward iaz kii How much shis
scheme il estimate To produce does nOt appear
IN the Pub'i-hed reports or debates thus far But
II you watch the progress OF The bi,l you will not
fail IN discover that sub t.nils,, effective taxation
IL not in HE contemplate ,iou OF member. much
Is the iidlns dv5rof a political cYis:s and ike de-
firing Off Embarrassing questions ,i;i aer The Prest
drn'a election. hey III ali he for The redemption
al tae Fun'ic faith sentiment, snd for ssion
the abstract. But The positive lsyiug OF sufficient
taxcs, and The actnai collection Of ,6em after
Waids. age very difsgnei bff,lg. Every naa VIII
BE- Tor all fts Of iaxrs thai do not tough his coa
situeHts hs3Siiy, az cn3aHger h;s papul aIttp In
voting for them There Will be fighting over the
dttais between the East ard the est, and Of two
tsings yoH may bs cure there will be no gay bill
af any practical vaiur which viii sn into opesaiian
bef're the Pssifens1Ai election and whatever hill
,na, be passed Win be the subject OF amssy con,
ten:oas ard The gfsfn OF pas,Y which will, sooner
or iater, ann iTabaty aeon. avo~ the purpose Of
thro siG1 off the burden of The debt ai.osethes.