Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1868-09-25


rebellion which they propose to inaugu-
| rate ?"
But what is far more, important, we have
reduced expenses yet more. ~; 3'.. ~ ~
| For the year ending June 30, 1865, the
expenses of the War Department -
were. -. ,Os1, ,328. .Ood
| For the year ending June 80, 1868, the .r n
entire expenses of the army proper,
excluding bounties, State claims, -.<
and legacies of the war We're e.. 56,61s,OOO
| For the current year the estimates are
less than .......ll.................I 10000, eco
ment for the year ending June 30,
Year ending June 30, 1868 .......!... 25,77S 900
| Estimate for the current year ..... 17,30O,0O0
We are charged by Mr.. Pendleton with
heavy deficiency bills, but we reply that
they are rendered necessary by the frauds
of the honorable Democrats of the whisky
ring, kept in office by Andrew johnson.
- STRENGTH OF THE COUNTRY.
We have ceased the rapid reduction of
debt and our taxes are not no " excessive,
but perhaps ill-adjusted. At the present
rate per head of less then nine dollars, our
entire debt with interest calculated at six
per cent. for the next five years, and at
five per cent. thereafter, and with. an al
lowance for ordinary expenses far greater
than we are now paying-I say, making
all these allowances, the rate of eight dol
lars per head will pay our debt before the
year 1884 has ended. Why, gentlemen,
we do not begin to realize our pOwer-we
do not begin to know our strength, we are
scared by a mirage, and we propose to put
off twenty, thirty, aye, even fifty years,
what we can easily do in ten. We do not
need to issue a. long loan to obtain a low
rate of interest. Canada has just borrow
ed $7,500,000 at four per cent, and $2,500,-
900 at five per cent, and the whole amount
was taken on twenty years, by the Roth
schilds at 1055ss. The Finance Minister of
Canadafexpects to place $10,000,000 more
on still better terms. t-.H d,-5. F.ra
WHY INTEREST is HIGH.
All we pay above four per cent. interest
is the guarantee charged by capitalists be-
cause we indulge ourselves in the luxury
of Democratic party leaders like Pendle-
ton, Seymour, Hampton, Forrest, and the
/ have said that we don't know our
strength. Let us try to realize it by a.
glance at some Of the elements of our fu-
ture prosperity! asa q 4aaaEiiata' 7.7di
fs WHERE STRENGTH COMES FROM. .i3
First-Immigration. Since the termina-
tion of the war, as I am informed by Mr..
Wells, over 100000 natives of foreign
countries have sought a permanent home
in the United States. These immigrants
are known to bring with them specie or its
equivalent to the average amount of $40
per head, while their average value TO the
country as producers (and tits from pro-
duction alone that we can collect taxes)
cannot be estimated at less than the aver
age value of an able bodied laborer in the
South, prior to the war, viz: $1,000 per
capita Immigration, therefore, since the
war has added $63,000,000 directly, and
100000, 900 indirectly, to the wealth and
resources of the country f,s l;.t...t
And here let me point out an effect of
the Pacific railroad upon future immigra-
tion l believe the force of Chinese la
borers who are now constructing the Pa
cific end of that road are but the advance
guard of mighty host who will establish
new central fowery kingdom" upon
the dry plains between the Sierra Nevada
and the Rocky Mountains. These plains
can only be cultivated by irrigation, in
which method the Chinese are the most
expert people in the world. But still fur
ther and more important yet: while the
white can, and the black does, cultivate
cotton, 1 believe the Chinese will perform
the work more cheaply, and that they will
settle upon the rich cotton fields of Arkan-
sas and Texas now cultivated 10 the ex
tent of only half of one per cent. of their
area. .sl.-Y f..-
To the cotton climate and to the meth
cd of cultivation the Chinaman is per
frugal, and his persistent industry is eX-
actly fitted to the light but continuous
labor required in the production of cotton.
}iaaa5 u INDUSTRY GROWING. ea ..R
Second-Here let me again quote the
language of Mr.. Wells, as I have his high
authority for the statement:
"Since the termination of the war more
iron furnaces have been erected, more pig
iron smelted, more bars rolled, more steel
made, more coal mined, more lumber
sawed and hewed, more vessels built upon
our inland waters, more houses construct
ed, more manufactures of different kinds
started, more cotton spun and woven,
more petroleum collected, refined and ex-
ported, than in any equal period in the
history of the country, either before, du-
ring or since the war" ~
RAILROADS EXTENDING.
Third-We may say that during the war,
or;soon after its commencement, the rail
road system of the North was made unit
by the completion of its various connec-
tions, and it will never be known how much
this added to our war power. But will
again quote Mr.. Wells. He says: "Since
the termination of the war over 5000
miles of new railroad have been con-
structed and opened for use in the United
States, to say nothing of the lines in the
Southern States which have been restored
and reopened." ."tadi 1s
Gentlemen, when you hear us who are
business men complaining OF dullness and
stagnation, please refer to the tables of
the comparative receipts of several of the
great railroads which are given week by
week in the Fya1dncidJ Chronicle, and when
you see how they increase year by year,
although rates are lower, ask who ex-
changes all these commodities on which
freight is paid, and then consider whether
the use of paper money may not have in
duced too many men to engage in ex-
change, or to become traders rather than
producers
AGRICULTURE MORE PRODUCTIVE.
Fourth-The agricultural products of
the United States have steadily increased,
both in quantity and value, since the ter
mination of the war, and the product of
agriculture increased in quantity all
through the war. We are rapidly restor-
ing the number of animals, both. horses
and cattle, to their normal proportions. It
may be that this year the crop of grain
will be in full proportion to what it would
have been had there been no unnatural or
forced stimulus to manufactures, by
which labor has been diverted from agri-
culture. or~o r ,1-,suf -~
TIrF s,JprTHFRN eTATES&