The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1868-08-27
N. PElJpLETONs sPEhOH.
OOuCluHVN
THE FINANCES.

IA JulV IsbS, reRVheu pi,oofti tiiVVV'
bayo i from official sources. Tho com
missioner Of internal revenue reports lof
1866, Sj6l, $4,000 and for 1868, $i1l,"VU.
0OO: aud Appieton's Encyclopedia Reports
6r Is67. S50I 100000. Total, SI534, ~
600 In each case the gold collected at tne
custom house is estimated AT ItV. VI TINS
smoupt the revenue from the arm reached |
s7oj5s4,0Cn The rXpcnd ,urea Of the
Government have been ,taf'rll iess Yuan
,b;s enormous sum, for ifyou Hook at the
unhI;c delhi ON the gls, Of august 1860,
ron ,yIl end fin, il amounted to S2,1jI.
toa ~ and n YOU will LOOK at the last
monthly report made August lst, 1865, you
viii end n !, stated to be $2,G22, 5SS 100,
sbow;og a decrease of $l24,lO,,2lj only
| IN, commissioner of internal revenue tells
\. that the value Of all the real aud personal
nr5per,v in the United States in lS6O-the
! lands, farms, houses. town lots, money
stocks. bonds, railroads steamboats,, ships,
al, amounted to only Sl4,2S2T 26,0sS. u
the products Of three wears Of peace have
made up for te rayagcs Of four years Of
war, then the taxation for three year has
amounted TO very much more thga Oue-tenth
Of all the property in the country, while The
taxation of Great Britain has amounted to
one.thirticth part If the taxation for these
wears were assessed upon each individual
equally ], would amount IN the m'el states
| to Sal -, while in France the taxation Tor.
the Same time would be 81, and IA Austria
TO less than SIG. The public debt OF the
! United States, if asse, ed upon each ndivd
ral. world amount TO S7l %; the public
aHtor France 20 Sj3, and Of Prussia to
COMMISSIONER wELLs's REPORT.
| said to YOU that / never made a report
inat could not verify, aud hold in my
| hand this report from this rrpubIl can com
missioner Of internal revenue. Mr. Wells
! !, Is open 10 the inspection Of any gentle.
man. On the 9th page Of that book, which
! your member Of congress can furnish You,
for it is a public document, you will find
| verified every word ! have said 10 yoa. Our
republican friends are very much astonishcd
at this exhibition. laughter Did y0n
ever know spcudrhrlt when he was
brought face to face with the condition Of
| his affairs that was not very much aStontsh
! cd indeed. They will turn upon Us with
I some hldltililtS iANAN W NtlAn r3'HH NN'''
! missioner IN his letter to Mr.. Allison. lie
saws in that letter that during the three years
Of which ! have been speaking, the amount
paid on account Of the public debt is $40,
100000. and that ought to save 5 lj,9O0,OBt
annually IN gold, by way OF interest. Nov
il YOU iuOh into that report carefully yOt
will ind the actual reduction Of the publ,
debt IS bat $l3I, 600, 900, and that the bal
ancc is made mp Of an estimated surplus 0
the treasury which is not there, fiat all, f0
the purpose Of paying the pnbilc debt, bu
for the purpose Of being used for the ordn
ary expenses OF the government, aud II YOU
look at this one hundred aud twenty.tpu
millions. vow will find that Of that amour
. seventy one millions have been reduced b,
virtue Of this contraction Of the curreuc
and calling 10 the greeuOacks, wnch pay l.
interest at all, and If you will put side b
side with these facts that in three years tn
increase oftbc debt which pays interest j
gold has amounted % six hundred and tw
millions, Won will see hOw much your buI
deus have been GHtoned. Then TINS sam
rpmmi ,-iounr tells us that the estimated sur
plus in the treasury on the first day OF Jul!
lists, is thirlyiour millions, Well, that ISL
very comfortable assurance. but | would lk
to know where these thirty four millions are
They have not been paid on the public del
that have shown you. They are not
the trca4ury-lhar have shown you
have, unfortunately for our repubhca
brethren, list Of the deficiency bills tbs
were passed during the last two or tire
weeks Of the last congress, and the list tha
. have. imperfect rs il IS, shows that the