Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-07-20
THE FINANCIAL CONDITION OF
THE COUNTRY.

THE COUNTRY.
Notwithstanding the stoppags Of The var. the
public debt continues to increase. AL the means
received By the Treasury Department through
loans aud taxation, enormous as they appear TO
be. are no; sufficient to meet the demands, aud
portion Of the creditors are being psid one quar-
ter Of their claims in currency and three quarters
in certificates OF indebtedness. bearing interest,
which makes them negotiable. The soldiers. ss
they should be. are paid in full. and this ndeb,-
edness absorbs nearly all the available resources
of the Government as il will for some time TO
come. IL cAnno, be expected that the treasury
receipts viii equal the disbursements until the
Indebtedness growing OF. Of the war has
been cancelled. aud. until ths il accom-
plished, we must look for al augmentation
OF the public debt. /, il. or should be. the
study Of those who have the control Of the
public finances to bring the expenditures Of the
Government within the actual revenue as spec
Oily "a possible Aud how il this 70 be donei
la the FIRST place there must be rigid economy
in the expenditures of every branch OF the Gov
eminent. and THE the people will expect not
only, but demand. Wherever expenditures can
be cut of with due regard to the public safety
aud interests. it should be promptly done All
useless Offices. and those Of mere sinecure, should
be abolished. 40 that the drains upon the Urea
sury shall be lessened as much a. possible. Bu,
while the expenditures should be curtailed TO the
lowest possible limit, the resources Of the Gov
ernraent should be couespondingly developed.
not by proceeds Of loans, which are no, revenue
and only add TO the public burdens, but Dy
revenue derived from the wealth and industry OF
the people. ample for tie public necessities. 80
levied as to be equal. just. aud not exhaustive
Thus far the expenses and burd ems Of the war
have been borne by the North. The South, so
far as the national treasury j. concerned. num-
bering fully fourth Of the population, and oc-
cupying third Of tae territory. has contributed
nothing. and it Is contributing bat little if any
thing now Would it not exhibit wisdom and
statesmanshp TO place the Southern States in a
condition 20 become source OF revenue. instead
of burdenI We cannot expect tina; the tax
gatherera will reach. with any degree Of
effectiveness. the late rebel States until civil
government is again established ia them There
is class who are vigorously opposing the resto
ration Of the civil power m those States unless
their peculiar isms eugrafted thereupon.
We are happy TO notice that one Republican
paper takes a just view OF tie blind folly that
Influences the class 60 which we have referred.
That paper. the Chicago Republican. in this con
nsetion. remarks:
ut may he sport to windy demlgogues to
threaten that civil government shall never be re
sumed In those States. but such threats. " there
be any substance In them, are most injurious 10
the public interest. Every act done TO delay tho
organization and recognition Of State govern.
ments ~ these States Is an act 10 prevent tho col
lection Of revenue In these States. and 10 screen
the recent rebels from their iust proportion of
TAXATION made necessary by their rebellion Such
delay postpones, " Il does not destroy. the TO.
turn 10 that prosperity. aud 10 those industrial
pursuits from which, In the end. must be realized
The proper support OF the Government. and which.
at the North. are now 40 heavily taxed
Shall the return to that prosperity aud To those
industrial pursuits from which, in tho end. mus,
be realized tho means for tho support Of the
Government. be delayed TO gfatlty windy dem
sgogues Who care not What burdens mar be
imposed upon the nation In the accomplishment
or In tho effort 90 accomplish. their impracteAbls
schemes The burdens Of the Govern ment and
the public debt will be increased until Wa have
peace ia fact. Ia reality, a. we'll a. IN name To
secure this end the states which have been In
rebellion must be restored to the Union upon
terms Of equality retstn to . condition OF
smity that will make u once more tniied States.
10 that tho people Of each and every State shall
feel. as they once dld. that they have common
property Ia the prosperity. the welfare. aud tho
glory OF common country Upon this point
The Chicago Republican ospresse. ,hs following
bold aud manly sentiments.
The man la or out OF Congress Who will
from selfish OF partisan motives. delay a rcstora
ton OF the whole uniou 60 condition oi pro
duetive peace. who will postpone civil govern.
ment IN one half the States 60 the oppression OF
tho people OF the other States. Is At pfsseut QUE
Of tae men who will he held fespousible by tho
people. Let ~ have civil government. la all the
State. let the rebel plantations and cities be
productive once moro. that the tar gatherar MAJ
collect there a. readily ~ he does In the loyal
States ,etus have peace aud Union Ia reality
a. well a. IA name. aud with peace ami Union
real anil sabstantiel-thc public debt will MOI
be the moattef Of evil. which AZ present il seems
to be ia the imsgiuallou OF many
Hut peace aud Union real and substautsl--
which will restore substantial prosperity 10 tho
whole nation, aud thus tighten she public bur.
deus, can only be attained by lifting from the
people The heavy weight. Of derpo,i.m which
during the war found justification in military
necessity. bat which yet overrides civil authority
and delays the restoration Of the whole [ uion to
aeond,.on OF productive peace.
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