The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-02-09
United stmfes Finances.

!
day last:
1t is our highest duty to insist, first an,
everywhere, on rigid economy; and second
to restore our finances to the normal cOndi
ton. 70 the specie standard, at the earlies
practicable moment. Producing more sol,
aud SILVER than all the rest of tie world, le
US not endure the reproacA that we do no
know how to keep Il after we have got it
! The inevitable expenses of the G0yegumeu
must be provided for. The interest or out
public debt IS estimated next year at 5l0J,,
55I, ,5l2, aud unless the perpetual paper pro
pagandists shall prevail upon the iaai re,
demptIon Of the iega! tender currency, this
| will be ultimately increased about $4,000,
coo or $2j 600 ,U00, or in the aggregate more
than our whole public debt Ia 1916
| when ii reached. .the highest oinJ lSl27, ,334.
| gy3) prior te the recent rebellion. Our navy
has been very largely Increased, and II is not
| probable that 1t viii ever shrink TO lis former
narrow prOportIops. In this department. our
| annual expenditure viii be $23, 3,l74,SI0.3l,
or nearly twice as much as before the war.
| The regular army is new fixed at about 81 =
| 600 men. but we have to provide for nearly
| 10000 for the coming year; 5000 or $4,000
are forever obsolete; and 1t must te kept
| capable of instant and formidable expansion
| The estimated cost of the War Department
the coming year is Sj6 1906, ,65705 The
extra bounty We provided for last year will
amount to $50, 100000, all Of which Is vet to
be paid. The pension appropriation instead
of less than : 900, 900. as in 1862, now res
quires Sl3, III ,446, or as much as the whole
expense of the Government III 1924 aud 1923.
The new claims of several States, if that of
Missouri, already reported upon at 81 OUO,,
600, may be regarded as a toretaste, will
weigh heavily upon the Treasury. The
Indians are an annual and perpetual expeu,
diture Of s.. 100000 more, which does not
include the large and variable sums It costs
rs cut OF TIE military chest 10 bestow upon
them. for various provoked an3 unproyCked
offences that Chris ian chastisement which
the agents and traders who snatch anl
deyour our amiasle charities think they need.
Lass year 1903 NavajceS were held IS
prisoners in New Mexico at an expense Of
Sl5OO. 600. The Freedmel's Bureau, iupro
portion to It's value aud Importance the most
economical expenditure Of the Government
viii cost for the coming year SIU, 800, 1000;
but it has an uueXrended fund or hand Of
tyyo-thirds this amount. With the most in
flexible and rigid economy, without any
guarantee that the Halls of the Moutszumas
shall have restored the gold aLstrgctel by
Cortsz, or without the indulgence Of aay
other splendid folly, cur entire expenditure
for oil purposes cauno. be brought down 10
ANYTHING Ike the Old standard Uf Sky or
seventy millions per aun-m. Heavy tlNa>
ton IS at present unavoidable. but this viii
every year be sensib.y diminished by IN
creased wealth and increased population
Our task, if We are wise, Will be at least
oiennially 20 relieve something FROM taEa>
ton An unusual item, however, IS this
year 10 be provided Tor by the people, not by
the Government, which "lII transfer large
sam from the United States to Europe. The
Paris Exhibition VIII attract a Americans,
ever addicted 10 travel, By thousan ;, and
there Is some ground Ter the SATIRE conveyed
in the pretended cable despatch that AaF'-
leon has set apart four acres as q graveyard
for American visitors who may Rot survive.
l. viii be a very moderate estimate 10 CAL
cul@te dat 10000 person, WI. TINS year cross
the Atlantic tiOm the ohAe- states, ana me .
cost wal a9s be- less --"1 SI,1'g vo-A -a =o-1
or "a tyta. Of 5ll1.ssjo1J. which, ln c-r~
r=ucy, woa't be oyer +--'...J..9' some
will -stim ate the lUmbol much higher and
the expenditure greater. j. VIII hardly ur
less. This VIII swallow up tie entire pros
duction OF ui oar gold aut slFsf mines l-F
the YEAR to come. or, what is more likely il
equivalent IN Jmtel States bonds, ~ be
disposed of 81, the cEiEsa---s 81 individuals
may rsqaira. such atr.l !. may -a i. rua..
bat there Is DO escape from D.. Iar tse pre-
seat our lesson 2s g uuf..1 L. economy. rest.
abstinence How amy friend ol American
industry can e,poase the cause O.. au endless
reign Of paper curT- -ncv ". Jl.sa g takes one
dollar and thirty forty or l..E csa-r - luv
dollar IN specie, Is to me mg.shsusiae.
Iron ships are rapidly coming i@to use, bat
they can be built abroad ant employed Jar
one,half the pri they cost here. N.Aanv
American build an irOn ship? A.honEh all
other circumstances, save o.ly our 3epre-
ciated currency. indicate disposition and
warrant in all parts Of our country, North
and South, and East and West. 70 start new
industrial enterprises, get few such are ac.u-
ally started. Men vii! not invest, expecting
FIVE years hence to lose Uue-hah the sum IN
vested. Some gentlemen tHipE that the pre-
,,i,,,, or Gold Maid bv the importers is ample
commonwealth, for all the griefs OF American
1,a,,I,flcterers. Never was there greater
fgIIacv. The bare differepce in the cost Of
tho permanent capitaI Of English woolen
warufactprino establishments and American,
give. 10 the English the mastery and ample
dividerds. Six wears ago a wooden mill that
would have cost 81 900 900 in New York or
Nov, ENGLAND could have been put up-so
.,ncb sbe,ner are raw materials and la Dor
for 100000 in England To-day the
prices of bricks. iron, machinery and labor
have so largely increased that such an estab-
| Iisbment would here cost nearly double what
II wonld six wear. ago. or s2,6OO,OO0. The
iotoTeet nron This sum would be SI40. 900
per annum bat the interest of the British
establi.hment-S50O 10000 at 81 per cents
| no NOR. than SI7.50O. Here is $l22.60O
per appu,n in favor of the British manufae>
tursr, sum sufficient for very respectable
dividends, certainly on capitol of $780,
| Oe0. Is it any wonder that we have an ex-
traordinary influx of British goods, or that