Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-07-19

HsesFssoSH ..-.-..-.........------.--.-.
Ntehig4a .+s.-.....--.-..s. .........--.--.t
Tsnnesxnc-
Uaiou and Plaatsrs' 81 -
Bank OF TenHessas .-.................-. - -
Tsznesses Stocks (solysnt1 ........... s. q IS /"
North ana South Carolina, Georgia.
Indiana FFss Bank. idiscrrdissdl.... sa 20
Illinois and Wisconsin Bsnks......... 8 IL 60 -
RKMkaKs.-we copy balos an artics from one Of
the abIsst financial journals IN the country. which
10 certainly veil worthy Of pernsAt It contains
facts and ststsmsnts shAs present % fstnse Of
country in = mofs hopeful sspcss than manx
among a. are willing to see H. The creakers and
isloyai viii Of course REGARD the article as rarrs
: 'ssun." but ths reaeeliag. honest. and eAadld
gaind Will giss Il that consideration 70 whieh q IL
sntified
is the GOVERNMENT TRUSTWORTHY
ssEarsp an critics Of nsrle4n affairs are grsvsfy
Questioning whether, altar the var, the HaiEsd
States Government will keep faish with its eiedi
tors or rspudlate its ebigatleaa. Amsug our
selves. loo, there Is class Of Bilious prophets
who insinuate dark hints, that some eay the Gov
eminent viii nn6 way of CITING rid 81 IFS hoods
Rnd currency By msans sherler and easier fhAa
redemption. The reasons suggested Tor this dis-
trust are IN beth easea shout the same. The abb
ty Of the eoantry to sustain its nAneial burdens
IL Questioned and the = llngnsss II the eoapas
afseiy poor majority TO pay Interest bonds hsid
By tbe FEeu 1usn9TAfT Is GonAt4eFe8 AE least
/ dubious. The question Il certainly gave ore,
aad ST time when tbs Government Is esgfins fBf
suiscr pscns to Is securities Ia saah enorlaeus
Ameaats, dsssryss more thas sarsefy eonsfdses-
tiou. II IL 3 legitimate consideration ia estlmAt-
1 Ing tbs opinion Of his eiass ef eenaors that IL
Ratieipaiioa u the var, they very positively as
asrtsd hat II would b. fonEd itipossihls to con-
tract cans for the support Of hestIligtsa. Their
proved error 10 this case surda stTong pFesafnp-
| lies at their judgment On these qa.stiens Is
/ subject 20 scuiiar warpiHg innasars. Neither
political prgJaasoe the ons hand, nor pstriytie
zeal on tbs other. should be allowsa 80 dssias
question which IL purely Of hf-teri 81 anal
egg aud uatiuaAi statistics hers - dit.
| nealEy In scsftainfng the ability ~ q natlon 70
carry esrtaia Amoang 81 enht, than there il ID
/ msFstianf satlsnasing shelter he sAEaiy con
l tFaet glxan amasat n obligations Ia both
/ eases ire rssuress for payment 81 Interest
prtaripa ARE open tee tiUsKs, and The qn@sflaa Il
/ Ahiilfy 10 pay IL therefore easily astsFmiaed
What. thea ~ tbs robbie iisais 81 ths debt 50
b. contfastes Ia the suppression Of the rsosl ieu
/ Th- met extreme estimates have not exceeded
| s4,00. noo,ooa. The dsbt the i'th Of May, ar
e.falng "a ua ,ial state rent, was 81 72a 08 GO;
and nsldsriag present military condition OF
tie retsliiom aud he rss iurrpasa u r~tsnGs
1 that nsnst serrH~ from che tar aud tariff ftia
/ Il SENS nsuch msTe probable that fh. war u
| else upen deb under 8 80 l0a co ghs
thar smonnt. T.s the extern. rst mate 4 tt0o,-
+ n9.upa, hswsssr b sdnpfd fhl.. supposing be
/ AanHai sxp~ndfiures Of tbs @ Ferusneut to ~
$50 foa con. ard F$00fao .g1a 81 thAt "a mt 70
b. rails usdr the rsw tax and tariff mvssmrsa
4
1 bosds other forms Of ihdsbladaess wb5e
| would allow period ~ over hse ard bsif
Years II hastilltiss tsfsre the maximum nSurs Of
81 %, Og1. 90 reached. What rrasau l. tBsra
for hoping that this OF debt eassi1 b. Car
ried. asd the in 'sYsst re- nlariy r#idf nr tIsh
| history presents an anaieSs precisely In point
In 1873. at tha close 81 Twelve years ~ uni ter
ruptsd hos itiss. the uttiona sebi 4 Great Brit
tain stood At 2sSl $50 f49, ia uuit-d states
| currsncy 81 20, COO 600. A. thsf time the pnpu-
| lztion Of Ehs uniisd knxdorn 10 600 o. aud
1 D. EtF4 nF md
| numbers, S4Sa,9F0.0 o. At the period WIEN ga
dsh wonld reach g. 00a, o0,'. 30. ws should Indx-
Ing from tho past tetio Of isen aSs, haHs ppals-
1 tton % act ! than 1000 OBJ, Or more tran
| twice that Of Great Britain 1t the period nnder
| comparison. what our reign commerce might
| then be u lie dif1eult to estimate; hut when the
/ cotton and tobseeo exports Of the south are re-
I nswed. aud the 20 ala lon q the restored Union
has been iucFeAsed 10 ths extent Supposed, IL
wosid n seem sxtrasszant to estimate that the
akgFegRts Of Imports and exports will reach IS G.,
oo0 90 gold Yalnstion especially ~ in 1870 the
fetal walns was &762 D0p Uoa Al tho period there
fore, vhsn, according - the above estimate, the
nationAl deit world rsaeh sf,0ao, 00o.eoo, We
| sheHld have 81 10000 more Of population, and
$3.50 onn.0n0 mars Of foreign commerce than hal
5reas Bri ain Rhsn her debt was s4.250. 90, 100.
So far, therefore, IS population and trad are eri
terra Of the ability Of nation 70 stsis drbt.
IA = analogy presss that SHALL b. batter ahis
bear the financial burd ns cree ted ~ the than
was England 20 sustain the debt With which she
closed her twelve years Of Continental and nner-
lean hostiiit ss.a PeTbaps tEusT trst Of aai-
tty Is to he found In the actual resources ct the
country. We lake tt for granted that the war
will never Gloss otherwise shan with the recovery
Of ths rebel States to the Uaion and Ia estimating
the Atsz la wealth Of the eounfry, shall there
fsre include the Whole Of the uuised States. Ac-
cordinx TO tbs Last census the true value 81 real
astat. ard personal property Ia the states and
Territories, Ia 1ss0 waa SIS. 1865 00eOa Fer the
an~Aae between rs o and 1890 the rate Of increase
tn ths wealth Of tbs eeuatry was rs per cent. Tt
/ cannot. however. ts supp sei that during he tel
years hstSeeE 1850 and 1870 THAI high ratio Of In
crease viii - eontinusd. II 10 'rns that, in the
EastsTn ana Middle States, there has beea, dnri .
tie last tsree years, marwslfoes pansfcn Of our
Industries. and thai all descriptions Of securities
in those .ertions havs greatly Increased 10 value
Aise. siBcs 1870, discoveries Of min raj wealth
have teen made in the Territsrl.s that, daring
| the next Eve years. will immensely augment the
National rescsrcss Fresh population also is
pouring into the country AZ nnprecsden ted rate,
which will largely help 10 deyeIope thsagrieuitars
/ and man ufAcssres Of the Free States. Bat tbs
ether hand IL ast be considered that 81 the Close
Of the var the sonth will be half ruin d. il. cot
fields feFsakeu, fts cities drsolsrsd, and ifs
: property every wksFs Deprecated In value Prob
ably not less than millions Of sfaiwart pro-
dneerS. Nerth and Soath. will be esther slAin CT
permanently disqusl fed for labor, before the var
sendes. And these wsighty drawbacks have 20
be set OF Rgainst She progress we have Indicated.
fasssad, thsFsfors, Of estimating that, in 1870,
should have tncFea I'D our vea th T20 per csHt
on the amount q 1880 let the rate Of progress be
reduced 10 the very modsrats estimate Of 81 per
c Mt. At this rate Of increase the wealth Of ths
I
shoald the war eios npoz debt Of 81 900 zoo 90
cur Indebtedness would thersfors b ixth Of
cur wealth. Eztimafinz the sverage rate Of in.
tsTe&t the debt At i've per cent, should havl
: 70 ray On tbs four taossaad millions Of de 8f
81 100000 a. nuaIy a. interest This, upon
total wrath Of S24. 100, c00, zoo would be equiva
lsnt 20 an frnposS Of ous-sixth OF one per csat II
: would Be obviozsly uneandid to treat such . bur
dsn trivial Affair." but, to say that the wealth
: Of the csnut-y wou rot it, that IL would
crush our eamneree or Dangerously weaken oul
industries, would be q still further departure frog
truth merchant who should undertake to Goa
I / duct his busis seA With dssts amounting TO oni1
ope-sixth Of bis capital would nos b consi9s q
i otherwise han q eoHssrvzt We tradsrs neffHel
- khcuId the United States be conside cd tneozps
tsat 70 pay the intsrsat on its borrowed Eonty 81
long a. the PRINCIPAL does not ex red one sixth 0
!. The wralth Of ths country. Daring the ten year
Y / ending With 1850 the aannsi average increase 0
l. I car wealth was 1z1% per cent. should the sam
rmre Of progress Dc allied during the ten year
beginning wit. IsT5-whsnr above estimated
the Nstional debt would bs 81. 10c.9 COOS be
thu yearly prcdact ths capital Of the eezntr
b 1 "a Of the suppoasd altim,ts debt The szur-
seem fnere1ibIs, but they are sfrI-sIy ha.st :.
I What has beeu already rial iz~d in our hsstrx a
q, this rate the pay Esng Of 81 co 90 Sc Is II
lers-t woG;d % bat an iupcst OF - psr cent .
tn yearly ircrssss 4 eEr wszIth Ia wsex {
> thsss estimates, which. We think. exa sEerats
s. in respecf-1nlsss Il b In taking the uirin q
debt high IS So % 600, GOO CT ability 20 su
tain the csbt are sceuErla.iuz can admit
: no reasonable qzestion
g. II l., haws~~r, ihsfnuzted thax the la-Ss uzfa
Il ity O The voting pap Atiun hold The bont
~ OF the Government, and that this clsss may SCH
e4y yistd 20 the semptatien Of giving Al owe
An whslning vote In hvor Of rsp1dIation- To Il
Approximation, 10 woulc seem 10 b sueatieEt q
aver. that tie pooxsT classes wc1ls eS cssSssfsy