The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-09-25
Total expenditure made necessary in

IN years in consequence of the Re. -
billion of Southern Democrats.".A ,69S. .349. 1856
have given the total expenditures, but before
declaring the actual cost OF the war 1t will be
proper to deduct such sum as would have been
ample tor all our expenses had there been no war;
If we take rs our basis the eXtravagant expenses
of the last Democratic administration of James
Buch9nan, when all the preparations for rebel
lion were being made at our COST we shall find
that an allowance OF about 500, 10000 will be
ample to cover all probable peace expenses, had
there been only peace expenditures 10 be made
under the honest administration OF Abraham
Lincoln daring the last seven years. The result
will stand:-
Total expenditure n ......s4 69S. $40 4se
Actual cost Of the ,OOO, 900 600
But as we owed on the 30ih June,
H6S only 24So,oooooo
raised by tsxation, and paid
towards the cost OF the war, the
sum 5l5, 900 600
besides paying all our peace expenses. This
payment has been made in seven aud quarter
years, and amounts to three-eghths the entire
cost of the war The taxes from which the pay
ments have been made have been levied almost
exclusively upon the loyal States, and during
effective portion of their population was with:
drawn from productive industry and engaged
sin the destructive occupation OF war; AT the
same time the disloyal States were eXpendlng
their whole force IN resistance under the lead of
Wade Hampton Forrest Toombs, Cobb, and
Democratic party, attempting to lnaugurate
another revolution. And in order TO cripple the
Government, and prevent the loyal States from
obtaining the means to put them down, they
have forced the financial issue into the conflict,
and are endeavoring to destroy the credit of the
country, For this purpose they propose what
they call the payment OF our bonds in other
bonds bearing no interest, availing themselves
OF what they allege to be the letter of the law.
When the dire necessity of war, and the refusal
OF Horatio Seymour and other rich Democrats
,No fOx ,1e do tnr
the Republican Congress to collect a forced
loan, which they did by the issue of the legal.
tender notes, Pendleton and his disloyal
knew it would enable the Government
issue. IS .0nSS Now they avail themselves Of thas
same act to destroy the power which was main.
tanned by Southern Rebels, with the conniyance
of Horatio Seymour, who is too weak and timid
to take the lead, but submits himself to be the
pupPet in the hands of bolder men.
OF the sum of 81, 81, ,000, 600 raised by taxa.
ton since the war begun, the larger portion has
b. en- paid since the war ended. In three and a
quarter years, from April l, 1866, to June 80,
1868, we raised $3.50 O5s, ,5s3. But as this bur-
has proved too great for our present condition,
the taxes have been reduced to but little more
than $500, ,0O0, 600 year; and such has been the
reduction ia our expenses that thus sum is ample
to meet all our expenses and interest and
moderate annual payment OF the principal.
ask, should we not take courage and speedily
complete the payment of our debt, which we
have so gloriously begun? If in time of war
such has been our record, shall we falter now
and sink disgraced and dishonored into fraud
and bankruptcy?
Has this enormous contribution been at the
cost of our prosperity Far from it. ] will
again cite the evidence of David A. Wells, as
did in my former speech:-
'SiDce the terminate OF the war more iron fur
have been ected dig iron smelted, more
bers rolled more steel made, more coal mined, more
lumber sawed and hewed more vess -s built 1poa
our inland waters, more houses constructed. more
manufactures of different kinds started, more cotton
and woven more petroleum colie ref led,
and exported than In equal period OF the history
of the country, either before or during the war;.
Shall we falter now, when we have the whole
production of the late Rebel States TO contribute
to our revenue?