Washington telegraph., 1865-06-28

TED "a years ago, appreciated 1876 per
cent, but New Jersey and Connecticut,
both two centuries under culture, en-
hanced their wealth in as great proper.
ton in the same time; and Pennsylvania
made an increase of 90 per cent. upon her
large capital of s722, 100000.
Rerenue.-The sufficiency of the wealth,
existing and expectant, to support, with
out detriment TO the progressive pros
perity of the country, the required reve-
nue., is thus unquestionable Letus now
glance at the ways and means of rails
ing it.
Under cur present system of internal
taxes, the actual yield is at the rate of
S260.000 900 for the current calendar
year The cessation of hostilities, which
is now to be looked for at an early day,
will diminish the receipts from the man
ufaeturers of army supplies while they
are changing into new forms of produc-
tion. but any such temporary reduction
in the crisis will still leave sum which.
with the receipts from customs and lands.
will certainly affort for the present year
an aggregate revenue of 1925 100000
Now, the interest of the debt on the / at
of March last was 3,0O0,OOO; and if
/ in the remaining months this form of
debt should be increased S400 100000 at
7-3O per cent. per annum, the total in.
terest will be fraction less than S126,-
600 600, leaving of the treasury receipts
5000, 100000 for ordinary expenditures.
With peace restored, the civil, militia
~, and naval expenditure will not exceed
this sum, and the growth of the perma-
nent debt will cease within tue conjec-
tural limit we have assigned it The in
terest Tor 1866 viii not exceed S14S,00O,-
600, if S300,000.O00 of the total debt
shall so long remain in the form of Uni
ted States notes. For these and the fol-
lowing years, for which we have assumed
Sl65, 100000 as the maximum annual
interest, we have provision in the we'll
assured increase of the revenue from
taxes, customs, and land sales, as will
presently appear. .
Rerenue from tie Southern States
Nothing of this has entered into any of
the preceding statements or estimates;
but duly proportioned amount of excise
and assessed taxes from the restored in
surgent States must not be overlooked.
/ Their wealth, in 1860, was S3,467. .O0O,-
600, nearl y p per cent of the wealth of
the entire United States That they
shall contribute in something like that
proportion in relief of the public burdens,
is clear as matter ofright, and is, indeed,
a constitutional obligation of all the mem
bers of the Union; nor is their ability in
any doubtful. Whatever of enh hanced
cost or diminished quantity of production
may occur in the earliest years of the
restoration, will be borne By the con-
su ners of their staples; state of things,
however, that can last for only very
brief period; for there is no product Of
agriculture that expands so rapidly as
that of cotton. In the five years from
1855 to 1860, they doubled their pro-
duct 1t can be restored now in less
time. and then advanced upon at the like
rate; for they are soon to set forward in
a career Of prosperity unparalleled in all
I pftol IA 'tA itiNCo- nc IEDfiAlOu HAS Ills
burdened them Of an iucubus. They
have at command all that the temperate
climate affords, with the semi-tropical
added. They lack nothing but the pop
ulation, enterprise, and diversified indus
/ try Of free institutions. and these are
brought to them by the new order of
things .. .......
We say again, give us but 90 years to
realize the promise of our means and
conditions, and the United States will
stand ready, with n population of 60 mil
lions, and Il wealth of not less than Co..
OG0 millions, to meet the current burden,
and discharge the total debt of the na-
ton. England, with half this amount of
wealth, now feels that her still larger
debt has dwindled from 40 to IL per
cent. of her property. Ours then would
stand at but per cent. of our capital,
though undiminished in amount in all
! that period. .....s .r# -
Burden Of British Iaration upon the
annual Product Of the United Kingdom
Compare the following statement Of the
charge of the annual interest and ordi-
nary expenses of the United Kingdom
upon its industry, by which her debt has
been reduced less than ESQ millions of
dollars in 30 years, with the burden upon
ear growing wealth in the demonstrably
practical scheme for exlingushing ours
in % years from the close of the rebellion.
The British revenue pressing with an