The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1864-01-28
The Federal Expenses and the
Naears Of Paying Them.
Il.


From the New York Daily News.
We recently made some remarks upon
the immense taxation that awaits he reo-
pie of the Northern States as the inevita-
bic result Of The present government ex-
penditures. The figures startled some of
our cotcmperaries, and, we hope, set some
of them thinking. At any rate, it is quite
time that the people laid earnestly to
heart the alternative new inevitably before
them Of the most crushing taxation that
any people ever endured, or the frighiful
evils Of national bankruptcy, and a repu-
diaLion Of the whole existing debt The
det,, if Paid. must be discharged pro rot
Of the population and wealth of the coun-
try. 1t makes, ~ FAR as the payment goes
very little difference whether the means
are extracted from direct tax on proper
II. cr from taxes ON cons unable goods, the
people will in either case be compelled 10
pay the whole amount IN the rise of rents,
and in prices Of nece.sares IF life. The
taxes on consumab'c articles are the most
popular, b,caus. they are disguised in the
prices of the things bought, and because
they may, 10 some extent, be avoided by
non-usc Of the taxed articles This can be
done onl, however. within a certain INIT
because the necessary amount of money
must be raised and if the articles are not
consumed in sufficient abundance to yield
the money, other means must be used to
get it. The expenses per annum, on the
return of peace will be 1915 200 ,000.-
This sum must he raised ont OF the net
profits Of the industry Of the country. The
proportion Of this which must be raised In
the city Of New York may be given in il
iustration The Federal debt, should peacc
he restored in eighteen mouths, Will be, ac-
c.rling to official estimates, $3.50 900,
/ 0Go, which VIII give an annual interest of
$780, ,oo0 eco, in gold We know it is
stated by tn. Administration papers that
no more stock payable in gold Will be Is
sued But this is simply a threat of repa-
liation, because if the country exists an |
pays her dent at all it must be in gold
Every greenback and scrap of paper now SO
recklessly ISSUED will be placed precisely
on the same footing as the 5--20 stock. -
Whether this is paid or repudiatcd, we now
assume that it viii be paid, anl the amount
required be as stated. The pension list
will be over $50, 600, 900; it is already
81 ,00G 900 We assume that i; will be
ST, 100000. The army in 1860, num-
bered 1900 men, md cost SIC, 900 900
1t will never again be under 100000 men
or its expense less than size 900 900 pei
annum The navy was composed in lS6
of eighty vessels, partially in commission
and cost sl2 ,00C, 900 per annm. 1t will
be seven hundred vessels, aud will cos,
$50 900 coo. The army of tax collectors
civil list, miscellaneous, Sc, will cost $50, :
900 ,0OC; or thus
Civil list, foreign. &e.. x2n 900 0t
army ................ .......... .l2p.o .o03,0W
navy .............. .......... 5"OU0 90,
Interior, pensions, &c. 80, ,0OO, ,oO(
Interest on debt. t............... le0,OO0 900
Total S4l0 900 0Ut
This must he raised 10y taxes The Gus
toms, revenue, excise, income, direct or in
any other shape, will only have the ulti
mate effect of being paid by the producer,
/ of wealth. There is no other mode of pay
ing.
TIE Federal Constitution prcscribes tha
no direct tax shall be levied except in pro
portion to representative numbers. Now
] according to representative numbers. tn,
relation of New York to the existing deb
IS as follows:
: Int. and expens
per annum
. Federal debt. ,Sle4 40OO'0O0 So3 .OOO. .OO
State debt. ..... e,0o00O0l
: City debt. ....... 20.5l0 .U0Oi $4,000, ,OO
Is Total. .sls2.sl0.9O0 $37 900, ,0s
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