Evansville daily journal. (Evansville, Ind.) 1863-1866, 1865-11-13
IOOMMuuICatEu
The National Debt.

Communicated.
The National Debt.
The debt of the nation is large. The
expenses of the Government are still
enormous. compared with what they
were before the war. The interest on
this debt is over one hundred million of
dollars. To pay this interest, and the
ordinary and extraordinary expenses of
the Government, heavy taxes have to
be paid, in addition to the revenue de-
rived from the operation of the tariff
laws. In order to meet these demands
upon the Treasury, the strictest econo-
my is required, and the best financial
abilities of the country are needed.
All are interested in this matter, and
it is well that the people-the loyal
people, at least-should glance at the
figures frequently, and see to what use
the money which they contribute ibe-
rally has been put.
1t Dug ht to be, therefore, and no doubt
is, the source of much qualification to
every true and loyal friend of the coun-
try to know that there has been good
use made Of the money thus contrib
uted, and that our national debt has at
last eliminated, and that it is now &C
tuaIly in process of liquidation. This
debt is in all reason large enough, and
for it We are indebted TO the Democrat
ic party North and South. Yet we
have reason to be thankful that it is not
larger, and that in accommodating it, the
country has been saved, and the nation
established on firm foundation.
On the Both day of October, the en-.
tire debt was, in round numbers,
50, TAO, S54, 1853 SO; on the 3lst day of
last August, it was $2,757, 6S9,57I 43-
showing reduction in two months of
nearly seventeen millions Of dollars.
This may be regarded as small sum
compared with billions, but billions are
made up of millions, and millions on
hundreds of thousands; consequently, if
we are paying of our debt only at the
rate of ss,500,O0O monthly, it is far
better than if we were increasing it.
1t shows that there is fair prospect
of finally extinguishing the whole debt
At even this small reduction compared
with the whole, how long will it take US
to pay it off entire2 At the rate of
$8,500,000 per month, il will make a
little over one hundred millions annu.
ally, at which rate it will just take about
twenty FIVE years to pay off the whole
debt. Just think of that, you croakersl
you repudiatorsl Bat before a. great
while, the expenses OF the Government
will be still further reduced, and
the resources of the nation in
creased, by the increased popula-
ton, commerce, and general prosperity
of the country, and by the economical
and honest administrative and fnan-
cial opacity of the Union party, which
the true friends of the country will see
are kept in power. This being the case,
we can reasonably hope that the entire
debt will be cancelled in less than
tsoenty years. The people will DO true
to the best interests of the country by
keeping in power that party which has
successfully conducted the war to final
overthrow of the rebellion, and saved
the Government from anarchy and ruin,
and left an inheritance for all time
to come, (by the blessing of Providence),
not only for this country, but for the
whole world, the principles of civil
and religious liberty, and an asylum
for the oppressed and down.trodden of
all nations
| This fact should be kept before the
people, that it is the Union pGrty-the
party now in power-that has saved the
country, and that although vast debt
has been contracted while it was in
power, yet it has been doae in breaking
up the rebellion brought about by the
completely of the Democratic party with
the shareholders of the South, and in
saving the Union, which these conspira-
tors sought to dissolve.
This fact should also be borne in mind !:
that the Union party, by its tact and
management of the finances of this
Government, has given US sound ma
ttonat currency, which will pass from
one end of the country to the other, in
place of the rotten and exploded Wild
cat system saddled upon us by the De-
mocracy which would not pass beyond
the limits of the State in which it was
issued, and in many cases much under
par The Union party have also laid
the foundation of plan which will
eventually result in paying off the entire
war debt, and leave this nation united,
happy and prosperous people. B.
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