The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-25

Total expenditure made necessary in
seven years and three months in con-
sequence OF the rebellion OF Southern -
If it shall be said that our expenditures have been
extravaganza, we may admit It. All wars are con-
Quoted ON an extravagant scale: economy Is almost
impossible. The highest virtues and the worst vices
are developed in time Of war and against the latter
the nation engaged In struggle for It's very exist
ence cannot protect ITSELF The vice OF population
and fraud will appear where least expected; In high
aud low places alike Great and prominent men will
sink into dshonor, unknown Heroes VIII the
nation. This has been our history as 1t has been
that OF all other nations. And now that the war IL
over, we recognize our hero before unknown, and
place Grant at our head, that by the power OF his
genius. his intelligence his truth, his honor. his
honesty and his common sense we may be saved
from the ruin to which rebels and charatans wonld
lead us.
To return TO our facts:--
You viii observe that the revenue from taxation
was nearly one half Of the expenditure. This Is q
fact which win cause great surprise; my own I'm
preston has been that we borrowed much the larger
part OF the cost OF the and that we paid our
way to far less extent than we really have.
| have proved by this statement that we have
actually paid nearly one-haif OF the entire expend
lures of those years from the proceeds OF taxes
levied I'm the same period.
democratic party. That party brought on the war
by the persistent support which they had given 10
democratic shareholders would have been powcress
90 resist the steady growth OF an adverse public
opinion had IL not been for the support Of Northern
politicians, who, for the sake Of place and power,
made themselves their supple tools, and who encour-
aged them TO resistance by promising aid from the
North. For the Southern STAKEHOLDER, born and bred
under the system can find forgiveness hut for the
Northern dounilface VINO urged them to then ruin,
lot there be nothing but scorn and contempt
have given you the total expenditures, but be-
fore declaring the actual cost Of the war IL will be
proper to deduct such sum rs would have been
ample for all our expenses had there been no war.
II we take our basis the extravagant expenses OF
the last democratic administration OF James Bu-
chanan. when all the preparations for rebellion were
being made AT our cost shall ind that an allow
ancs OF about $500 900 will be ample TO cover oil
probable peace expenses, had there been only peace
expenditures To he made under the honest admins
trati0n OF Abraham Lincoln during the last seven
years.
The result will stand
Total expenditure, seven years and
lhtee months. .$a,ovS jay $50
Allowed for peace expenditure say. COS, 3lg, 4s6
Actual cost OF the war. 900 900 900
But as we owed on the 30th June. 1858,
II follows that we have actually raised
by taxation and paid toward the cost
OF The war the sum or. 900
besides paying all our peace expenses.
. rms payment has been made IN seven years ana
three months, and amounts to tnree-eighths the
entire cost Of the war. The taxes from which the
payments have been made have been levied almost
exclusively upon the loyal states, and during the
four out OF the seven years and three months the
MOST effective portion Of their population was with
drawn from productive industry and engaged
IN the destructive occupation OF the war.
Al the same time the dsloyal states were expend.
Ing their whole force IN resistance under the lead OF
Wade Hampton, Forrest Toombs, C0bb and
Stephens, VINO are now, ~ leaders OF the denocralc
party attempting 10 inaugurate another revolntion
Ana IN order to cripple the governments and prevent
the loyal states from obtaining the means TO put
them down they have forced the financial issue into
the conflict and are endeavorng TO destroy the credit
oi the country For this purpose they propose what
they cav the payment of our bonds IN other bonds
bearing interest availng themselves Of what they
allcge to be The letter Of the law. When the dire
necessity OF war, and the refusal OF Horato Seymour
ana Other rich democrats TO subscribe FOR our bonds,
made IL necessary for the republican Congress TO
collect forced loan, which they did by the issue OF
the legal tender notes Pendleton and MS disloyal
associates opposed the act because they knew IL
would enable the government to conduct the war to
n successful ISSUE Now they avail themselves OF
that same act t0 destroy the power which was main
fAiLC bY 10. In this alteInpi they are ope1X a1eh