The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1865-08-01
SOLE.
Expenditures and Rcvenue..Prospect.
i've ePriceS---GOVernme BOnIs.-.One
Million Per Day ErOmTaxes. a


i've ePriceS---GOVernme BOnds...One
Million Per Day from Taxes.
[FFom The N. y. Express-D Democratic Papcr.l
The country is full of Prophets, pre-
dieting the rise of gold to $50, 175, and
2OO,-naming the respective times when
gold will reach these prices, and no
doubt doing all in their power by argu-
ment, appeal, and business combina-
.tions to secure this result. There is
nothing strange in this, for it is the in
terest of all living upon incomes from
specie paying bonds, to keep up the
price. 1t makes vast difference with
III ones semi-annual receipts, whether
gold is at n premium of 125, l5O or 2OO
AS it makes u vast difference with
Banks, Bankers and other Corpora
tons, whether they receive these rcla-
tive differences from the Government.
The combination exists in Wall street,
with its ramifications all over the cOun-
try, to keep up the price of gold, and
therefore it is, many who have been
selling, now become purchasers with n
view of selling again, 80, GO or 80 days
hence. OF course, nobody will derive
any advantage from these espcculatiOns,
but the spectators themselves, The
argument with the Bulls is, that the
Government is increasing, and will in
crease its Indebtedness, that it will
come to Congress in December, claim
ing new loan, for $500, ,OOO, 600, that the
future is all uncertain, and with probable
foreign complications, and troubles
ahead.
But there nre two sides to this ques-
ion-the side of the People and the
side of spectators and capitalists-the
side of Peace, and the side of Wharf.-The
side of fact, and the side of error. There
is no good reason why GOld should aClL
vance in price, and there are many rea-
sons why it should not.
In the first place, to meet facts with
assertions, we arc assured to-day that
there is no increase of Debt by Certifi-
Gates ofIndebtedness. More are receiY-
cd than paid out. In the second place,
though more money is paid out of the
Treasury just now than ever before, 1t
is money paid for Indebtedness; in Il
few months, more than hHLfn million of
soldiers, to IUh0TI the GOUc1nnIeHt OIGed
large sums for back indebtedness, hare
been paid or and discharged: The same
is true of the navy, of tho Government
hospitals, of transportation, of the U. .S.
OA BIlNhIo uSSOClHIlOIiS LOT
feeding, clothing and equfpping the
public forces, and ofalmoSt an that re-
lates to the expenses of active war. OF
course, there is still room for large re-
ductionS, and for great economy, but
the fact remains AS We state it.
We put the fact, therefore, against the
interests, wishes and combinations of
those who desire to put gold up, and
who actwholly Y regardless of the effect
of such advances upon the great body
of consumers. sa
There is another fact worthy of con-
sideration. This Government owes
three thousand millions of dollars, at
least, to-day, and in the opinion of many
will owe three thousand five hundred
millions at the close of theyear. There
are very many owners of this debt, the
great body of whom reside in the United
States, but though the owners are
many, we do notsuppose they embrace
ten per cent, of the actual voters of the
country. Now it does not become the
holders of Governments bonds to draw,
or to permit to be drawn, distinctions
between United States capital in
the shape of Federal gold bearing
bonds, and those who are next to PEN
niless after meeting their monthly,
weekly, or daily expenses. Whenever
ninety, eighty, or even fifty tax-paying
people look upon the ten per cent. or
upon Government incomes, and from
Government bonds, to pay which they
are so heavily taxed, unpleasant feel
ings will arise between the two classes,
and we shall begin to hear complaints
loud enough to awaken great apprehen-
sions Of the result on the part of those
now SO eager tnpu tup the price of gold.
1t makes great difference To everybody
whether the rate is twenty, fifty, or two
hundred. The poor, and the middle
classes must be considered by the .ricII,
| If they would feel that all is safe and
secure in the future; and, the way to
prevent all talk of repudiation is to do
Fnothing to provoke 1t. The evil itself,
we trust and believe, will never come
upon us in any shape: hut let careful
people, rich people and property holders
especially, see to it that taxes are made
as easy as possible, and living as cheap
as possible, which can only be done by
the two methods we have pointed out
the nearest possible approximation be-
as we'll on the part OF our citizens, as III
the expenditures of the Government.
There is hopeful view of things, il
we are prepared to embrace 1t. The
| Government is in the daily receipt OF
! 81 900, 600, and expects this sum daily
| for the next three months, and this, It
| is declared, will be quite up to the eX-
penditureS of the Government at the
close of the fiscal year, which will end
on the SOth inst. Others think the nn-
tnunl expenses will be short of $500, 900,
loco. The Secretary of the Treasury de
clares, July o, that
sowing to the continued reduction of the
! lexpendlfuTes OF the Government, the TreasI-
ry can be kept inan esSy condi ition. .bS lptS
! from the usual source of revenue, and Ineal
/ all FeoniSItIOnS which can be properly made
upon lt until the meeting OF Congress" -
we have been told [snys the Times in
lin an editorial upon this subiectl by the
| two district collectors of internal reve-
J seed those in any other district in the
/ country, that the taxes are on all hands