Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1867-02-06


who may seek war with US know from the
outset that it will he one commensurate with
our physical ard geographical proportions and
in no way inferior to our past history.
We must look at the sober facts before US.
The inevitable expenses of the Government
must be provided for. The interest on our pub
lie debt is estimated next year at SI05, SO - IL,
and unless the perpetual paperspFopagandis
shall prevail upon the final redemption of the
legal tender currency this will be ultimately
increased about twenty or twenty five million
dollars, or in the aggregate more than our
whole public deb in 1916. when il reached the
highest point, 1927 1874 ,993, prior to the
cent rebellion.
Our navy mas been s-ry largely increased,
and it is not probable that it will ever shrink
to its former narrow proportions. In this
Department our annual expenditure will b.
S23 l44 $40 81, or nearly twice as much az
before the war. The regular Amy is now
fixed at about fifty four thousand men, but
have TO provide for nearly nin,ty thousand for
the coming year; eight thousand or eigateeu
thousand forever Obsolete and 1t must be
kept capable OF instant and formidable exp4n
sion. The estimated cost for the War Depart
ment the coming year is $5S, ,004, ,657 .05. The
extra bounty We provided Tor last year will
amount 20 $50 900 GOO, ell OF which is yet 10
be paid
The pension appropriation, instead of cover
irg few heroes of hundred years as well as
OF the Revolution, and hve or SIX thousand
scared soldiers of the war of 16l2 and ISi7 +,
now embraces young men, but mutiated in
service, in every city. town, and village To the
extent of nearly one hundred aud twenty-five
thousand and instead Of less than million
dollars, as in 1862 now requires Sl4, III ,446,
or as much as he waole expense of the Gov
in 1894 Tna af.
OF several states, il that of Missouri, already
reported upon at 100000, may he regarded
fOretasie, will weigh heavily upon the
Treasury.
The Indians, though reduced in numbers
since the advent of the Pilgrim fathers from
not less than fifteen millions to two hundred
and ninety-ive thousand seven hundred and
seventy-four, maintain their Domsdc and IT.
tractable character. requiring for each a mile
square OF territory for support. where white
would n eed but few acres, and beyond
this an annual and perpetual expenditure OF
So 500, 900 more, which does not include the
large and variable sums it cost US out of the
military chest to bestow upon them, for vari-
Gus provoked and uuprovoked otfenses, that
Christian caastisement which the agents and
traders who snatch and devour our amabe
charities, think they need. Last year seven
thousand nine hundred and nine Navajo we've
held by prisoners IN New Mexico at an
expense of ) 1900 900. The Freedmen's Bu-
reeu, IN proportion 10 lis value and lmportance
the most )nomicai expenditure of the Gov
errm~nt. will ccs- for the coming year Sl0,-
350'265 % but 1t has unex pended furd on
hand OF two thirds CT this amount. The ele-
vAt.on of the Indian may be hopeless but
fortunately the improvement OF five millions
of the African race is possibility abundantiy
{ a< n ha Y h NFtNx
without anv guarantee that the Halls OF Mon
t-zuma shall have restored the gold ao>trscted d
by CorteZ, or without the indulgence of any
other splendid folly, our entire expenditures for
all purposes cannot be brought do Sn 10 any
thing like the old standard of sixty or seventy
millions per anuum. Heavy taxation is a:
present unavoidable; but this will every year
be sensibly diminished by Increased wealth and
increased population European nations, how
ever, ambitious more to m tlntaiu large
armies IN time of peace, compelled to make
lavish expenditures for the maintenance OF the
balance of power, will annually have 10 seek
some object of taxation upon which new
burdens may De imposed.
An unusua, item, however, Is this year 10 be
provided for BY the people, not by the Govern
m ent. which will transfer large sum from the
United States TO Europe. The Paris EXhibi-
ton will attract Americans. addicted to
travel, by thousands. an q there Is some ground
for the satire conveyed IN the pretended cable
dispatch, that Napole has set apart four acres
as graveyard for American visitors who may
not survive. 1t will be a very moderate esti-
mate 10 calculate that seventy-five thousand
persons viii this year cross the Atlantic from
| The United States, and the cost will not be less
than ) 500 each IN gold, or total of SIP
500 900, which in currency would be over
: 0nn n0n a rbo
Der much higher and the expenditures greater
! IL viii hardly be less. This will swallow up
The entire production OF all our 90 ID and silver
mines for the year TO come, or, what Is more
lkely, its equivalent in United States bonds, tC
| be disposed of the exigencles of Individuals
may require. Sucn GRAIN my be lli-timed
| but there IS no escape from it. For the present
our lesson nation is economy, rest, abstl
nence. Hereafter may revenge urselve,
by calling worlds convention al ST. Loui
or upon the summit of the rocky Mount
| aims.
know that excellent men entertain mucf
| affection for paper money, although no one 3
| the time of Its recent introduction dreamed o
It's present overgrown pro portion nor of usin!
it beyond the immediate war exigencies of tn
Government. Its use, justified only by al
| overwhelming necessity, was TO be terminated
with the first dawn of peace. l confess TO
feeling almost of modification IN having tn
conviction that this question requires sober ar
gument before an American Congress. HOY
any friend of American industry can espous
the cause of an endless reign OF paper currency
of VIII ich it takes one dollar and thirty, forty
or fifty cents to buy dollar in specie, Is to m
incomprehensible. Iron ships are rapid
coming into use, but they can be built abroa
and employed for one-half the price they cos
here. Will any American build an iron ship
Tenemeats for rent, unless already built, are q
, longer favorite investments Tor men havln
ca pta, and no poor man dares for momen
indulge the idea of building house and home
2 Although ali other circumstances, save onl
our deprecated currency, indicate dispositio
= and warrant in all parts OF our country, Mort
! and South, East and West, to start new indu;
] trial enter prses, vet few such are actuaii
j started. Men will not invest expecting nv
e years hence TO lose half of the sum II
vested.
! Some gentlemen think that the premium o
gold paid by the importers is ample comper
!, sation for all the griefs of American manufa(
turers. Never was there a greater falacy
When the wants of the Government create
both demand and war prices for goods; whe
> il was easier to sell than it was to buy befor
u labor and raw materials had advanced to tn
= same ratio or beyond that of gold, then mani
!aoturers were reaplng priucely harvests frol
the rise of raw materials and stocks on hand
: All that ia changed. Now raw material ht
! been consumed and labor has advanced, bt
prices of finished manufactures have recede
: and are still receding. Many mills have alread
: suspended, and others working Oh sho
time. Certainly to embark in any new ente
!, prise is deemed hazardous. Neither the gre
= attractions of the West nor Of the South ca
e overcome the dreaded longevity OF the race
!, " greenbacks." The bare difference in the co
- of the permanent capital of English wools
= manufacturing establishments and Amerca