The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-10-26


been enabled to sustain their finances. Sales" 1t Is
bol3axed. 20 the extent Of eighty or one hundred
,n,,i,on. Of pound. sterling have thus been effected,
.he German purchasers being attracted by the low
u,iccS and placing implicit faith in the soivency oi
the Yankee Government II the purchasers were
III. only persons Ia suffer it would be matter OF
rea; indifference TO us whether they swinllcd
or not or rather, should say, We should be
plcaeei t. hear that the Yankees had cheated them
ont Of every dollar and sent them all in body 10
the dogs og the aims -house. Men who, for mcrre-
nary considerations lend their funds to the support
OF a war against the liberties Of FREQ people, de-
serve something worse than it is possible 10 give
them this side Of the grave let alone the loss of
worldly substance But unfortunately they art not
the only persons who are TO injured by the trans
action for their funds furnish the Yankees with the
means and the only means, of carrying Oh the war
upon us Risk in financial affairs is always proper
iionaf, 10 profit and he who lends his money out
at double interest stands double chance of losing
both principal and interest. This principle is so
SIMPLE and well ascertained that 1t IL surprising
il never occurred 10 these Germans when they were
buying Yankee stocks at a discount of fifty and
scyrntv-hvc PER ceat. 1t did not however; and the
trad" continuing as brisk ever, the Secretary of
IA dispatch to Mr.. a. Dudley Mann, Confederate
agent Brussels, undertakes TO enlightcn them by
al analysis of the Yankee financial condition de-
rived from the statements of their own Treasury De-
p.rtmcnt 1t is remarkably clear, comprch,n sive
aud pointed, and, If translated into German and
widely circulated cannot We should think, fail To
sgaTtle the Tcutoric race.
1t appears from the STATEMENTS of the United
II. in
public debt, on the 30h of September last, was
s'l,7s64s, exceeding by rather more than five mil
lions the whole revenue Of the United States i'll
ist0 when they were all in the Union That rcve-
nue. At that time but Oss. The tables Of
the United States Treasury Department show that
this debt Is at thus moment increasing the tate Of
a22l5,000 per dsm having attained that rate from
sl,962,00o per diem in the course of two hundred
days, and That the rate of increase is still atlvanc-
ing. the whole Increase having been upon the int.
Test-betsang debt The rate of interest on money
now borrowed varies from six per cent. in gold to
seven and three-tenths in paper, and none is boil
rowed for less than six per cent.
II the present war continue, the public debt of
the United States WILL IN the next two hundred and
twelve days. dating from the first of September
Just passed and ending the first Of May next
when active campaigning commemorative been in |
creased by the addition of sE7,000,000 The cam
pagn viii then commence with a debt upon the
shoulders OF the United States of, in round num-
bes, s23Oo. 1000, and interest of Sis 900
10 this, add the pension list Of the army and navy
to which the faith of the Government is pledged Us
sacred!y Is 1t Is to the payment Of interest upon
any debt whatever, and il is a moderate calculation
to say that sl20, coo Gt0 will cover it all The nm
propratons made last April to pay the annual in
tercst Of, the debt of Great Britain was but sl2s
0o0,o0n, although her debt has been accumulatinq
Tor centuries, whereas this debt has been
ln three years and half. To the public d,t. Of the
United States should properly be added the nub!c
debts OF the several States still denominated loyal
which amounts to s20o, O000 900, and, at an average
OF g per cent, yields further sum of 1900 600
SO that on the first of May next, the entire interest
VIII exceed that OF Great Britain by $4,000 900.
Besides the money raised in this way, the United
States have laid the heaviest taxes ID which there
IL any account; aud SO far from appropriatng any of
tie money, they spend it fast as it comes to hand
III prosecuting the war. Eohsenden says the taxa
ioh j. calculated to produce million day, three
Auntted and sixty-fve millions year. thus exceed
H the entire revenue Of Great Britain for the last
wear by moro than thirty millions OF dollars Now. |
Wl4iit the revenue Of Great Britain is collected from
a population of thirty millions that of the Unitrt
states IS collected from population rated by them.
selves at twentythree Millions but certainly not so
numerous by several millions in poiG Of fact 70
MS mast be added the taxation Of the several States
Fhth Is already enormously heavy every where, and
PROMISES to be heavier still 1t must be apparent to
ne most casual observer that the utmost limit Of
'1ation has already been reached while it is certain
hat the war cannot be conducted further without
dtiE az least two millions and quarter pea, darn.
tud probably much larger sum. How these Ger |
nan gentlemen are to get their money is their look
nut. Mr.. benjamin docs not think their prospects
'ery bright II We may Judge from the two sub,o,pe1
paragraphs;
The facts thus presented demonstrate that, if the
iittd States persist, Is Threatened in chr.
! wing on the war Tor another Year. the bultlen of
hen public debt will be such az To render il atso-
htty Impossible for them to pay even if .tc.latsd
nth entire unanimity, by sincere desire to meet
heir Obligations 1t may be left 10 others to su.c-
ate on the probability OF such usteality, hui ii ~
rcthn that three OF the largest States have ALREADY
rpudlated, IN part, their public debt by refusing to
ny IN com the interest due II Europe, thus t,tis-
auig ohe-hhif OF the amount due to the Europcln |
hd-i"lders. The possibility OF paying the debt I
Laddy incurred is dependant solely ,ipon "A nrmnt |
station OF hostlA.les. Without, therefore entering
ltn any diScusSieR u the morality OF turnShiur Ia
ne united St.tes the means of wagina "A war 81 say.
e, 30 iaonsrous, as that raging on this ccat-
' II "onid seem that the simplest dictates G self
tere't should unite all those who have. .lae;t,ly
-hturel Investments III the Federal f,tsls IN u
1hG'fted effort 10 cut Oft all furth9r Supplies |
M mus to ioico that cessation Of hcsaIies which
one can save the Investments already made from l
luic loss. If tho capitalists CT Europe withhaal |
uter supplies, the resources Of the United States
re 50 lar exhausted as To F,ier the restoration of
.ce certain at no distant day 1t is in tho bower
the same capitalists, by furnishing the means for
e ETatihcation oil the INSANE Passions of the North
plunge the BORROWERS INTO lrTetrievable bank
1ptcy, ana tQ ronder certain the los, OF all their
VA lhVestr-ehta, past ~ We'll as futare L
Ii PRESENTING the foregoing statement, reference |
as ~eeiI itenuona omitted t., the local debt con-
Lieu by the counties, parishes and municipalities +
the Northern States fer the purpose Of rais,np |
ohey 70 buy mercenaIscs III order 10 relieve them |
ives from the blu:Len of the cunscription We L
ave no means OF ssumating the amount Weonlv |
now thtt THO price at which these human beings |
70 oouSih 1or slaughter varies from Eve hundred |
'HHrs u one thousand dollars per man, and |
y" the calls TOR men have amounted to very MANY !
-hdiGas OF thousands. Some OF the Northern |
uIiai' speak OF this local debt as enormous"
~ l,s term Is too vague To justify hazardng c.
estimate Oi tho amount" -
,...s |