The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-09-07
Real Estate as a Resource.

Real Estate as a Resource.
Among the means adopted by the War
interest 10 "keep up the beart'' OF the peo-
pie, aud stimulate The tagging zeal for con-
quest and devastation, is the effort TO make
the nation believe that it is not ruining it
self by enormous expenditure and waste,
far in excess of the annual earnings. The
shoddy interest, the CONTRACTORS, The dispen-
ssrs of Federal patronage, all play one
tune, and the burden OF that is. The exhaust
less wealth of The country, the increase of
property by devastation and the multiple
cation OF population by wholesale slaugh-
ter in the field. Like the parasites that sur
rounded prodigal heir whom they have
within their tolls, they encourage his riots
and waste, and threaten vengeance on any
who call his attention TO his approaching
ruin. They don't want his ''credit shaken"
until the utmost dollar is squeezed from the
deuded victim, when he is kicked into the
street with the admonition ''More fool
you"
Some ten days since we pointed out the
fact that The promises o! the Government
already exceed The resources OF the nation,
and that tie gulf yawns before us. The
truth of the picture startled public attention,
and already The shoddy interest has rallied
to the charge with such energy as it can
muster. TO The crude notions OF The Com
merciaI we have replied, 5ut numberless
other attempts are made to persuade the
people Iha; lav ish debt is a means of wealth.
One of them, in the form Of pamphlet is
PGfed 10 The Evening Post; which, while
winking at the deceptive statements, takes
good care not TO ihdorse them. We will
examine the leading point. The official
report OF the amount of Federal debt out
standing, is as fsllows
Increase.
June 30, 1862, S514,2t1.371
June 80, 1863, 1908, ,793, 1877 1884, ,5sI,sl6
June 80, 1864, 1892, ,s67 $40 694, ,O74, ,653.
This does not include the debt but simply
the amount of paper actually outstanding
at each date. The increase is progressive.
and at the same ratio the amount will be
50 500, 900 600 July 1865, and SO, 500 OoO,-
900 July, /, 1866. The pamphlet 10 which
we allude assumes that the debt in 1866
will be So, ,O0O, 600 900. The population of
the Northern States in 1860, per census. was
20, O57 ,356, and the ratio of increase for ten
years of The largest immigration ever known
was thiry-seven per centun. At the same
ratio of increase the population would now
be %, ,0O0. 900 but 500 900 of the most ac-
tive men have been destroyed in the war,
and the immigration has been much less
than before. Hence the population may
now be rated at 81 .O0O, 900, and the exist
ing debt August ninth at $50 per head, or
S455 every Northern family-$27 80 per
annum tax. This is simply the annual in
terest on the existing debt. In 1865. if the
expenditures are not increased the debt will
be SO, 500, 900, 900. or Sl70 per head, or So
so each family, or S5l per annum interest.
The expenditures of the Federal Govern
ment will swell the amount SI02 each fam.
lily per annum. The London Economist of
July l6 contains official figures showing The
interest of the public debt to be $50 per
family OF ave iha, of France, 25; and
that of Holland, Ss7. The pamphlei TO
which we refer makes the United States in.
terest S5 per head, and nndervaIuss all oih>
ers in proportion.
Having performed this feat, he proceeds
to show what enormous resources there are
TO pay with, 10 the first place, be assumes
that it the Union is restored the Southern
debt, devastation and losses, will be gnor-
ed, and the whole South, with It's former
productions, applied exclusively 10 Nor
thern debt and profits. This is utterly ab-
surd on its face. The crowning error of
this and similar efforts is, however,lo show
extravagance 10 be the true road to wealth,
and'is expressed in the following lines
"Supposiug The rebellion to terminate a