The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1868-09-22

that year. and Published As the whole
deb. sAs a.. 757. 6sa.5 But this was
no, the real total There was a far
ther liability by which the Government
WAS a. much bound IS Il the bonds bad
been already issued This was for back
pay. for the pay Of the troops to the
tlme Of Their possible discharge, for
their transportation, and for the settle
mant u coutrscts This Inability hrot
the true debt at that time 90 e.. 2S7,-
1913. 329. Of which. since that date, the
Republican party have paid more than
$500 100000
The revenue, meanwhile, from April
!, 1856, 10 June 80, 1865. has bean
from customs s54s. 97s, s4s, from the
internal revenue sl2.336, ATS, miscella.
ncous. chiefly direct taxes, premium
upon gold, and sales Of military aud
naval stores, and captured and aban-
donod land, slss. 743, 1853 making alto
gether sl,640, 05s, $50, How has this
sum, equal to three ffths the amount
OF the present debt, been spentf
In April, 1865, the military and ma
val forces Of the Union were enormous
and most efficient There we're nearly
q million OF men in active service, and
preparations for vigorous war had been
made. Suddenly the armed rebellion
ended. The Government could not at
once dismiss its soldiers and sailors
turn of the wounded aud disabled TO
shift for themselves, and repndiate its
promise TO those who had contracted
TO build ships and had them half finish
ed, or TO those who had engaged to
furnish food, clothing, and ordnance
Yet the credit Of the Government was
very low On the lst Of April, 1855,
there were overdue more than 1920
100000, ard large payments Of what
were strictly war expenses were carried
over into the year after the war With
an fifteen months from April /, 1866.
1.-THE disbursements OF the Army and Ma
Wy Departments were STA $3.50, s51, and
not less than s400,00O,000 OF this sum
was for expenses incurred and accounts
rendered from three to twelve months
before the end Of hostiIities. The rest
Of the whole amount was made up OF
pay OF the army, prize-money, commits
sary and quarteamasters' accounts.
bounties, arrears and medical depart
ment This was in every sense war
expenditure; and to this might be add
ed pensions, equalization OF bounties.
reimbursement of States, and claims OF
loyal men, etc, amounting 10 $145,-
9l2,40l. And this added TO the sum
upon the books Of the Treasury. makes
the maximum OF the war debt So, 267,-
733,3 29 The net on the Both Of June,
1868. was 81, 4s5, OOO, 900, showing that
We have already paid off $780,, 1893, 729,
being payment in three years of such
peace as we have had Of quarter OF
he whole war debt But we have also
)aid the interest on the war debt for
that time to the amount of $438, 434,
S33, and these sums, deducted from
The revenue OF that time already men
toned, and about whose disposition
Mr.. Horatio Seymour and his friends
are so anxious, leave the ordinary ex-
,enses at S29s, s40,37l, or a little less
ban $92, 1000. 900 year. Those OF the
asst Democratic fiscal year under james
-Buchanan, computed in the same cur
rency, were Sl07. SIT, 400--and that mon
ey was largely used 10 arm and equip
the rebel States against The Govern
ment.
Mr. Atkinson justly claims that this
exposition shows that the Republicans
have managed the finances with sue
eess hitherto unprecedented His
statements OF the present situation are
worthy OF the most thoughtful atten-
ton. The taxation has been reduced
tl66, 600, 900, and when Mr. Pendleton
says they am cunt to 500, 900, 600 year
be says what he might know 20 be untrue
Moreover. taxation atthe present rate OF
$500 per head win pay eur debt before
the end OF the year 1884 Immigration
is constant The increase since the war
gives s63. 900, 900 directly and $780,
coo. 900 indirectly to other sources In
dustry is multiplying; railroads extend
ing. agriculture improving, even IN its
present condition the Southern Statos
grow their own food. and during the
last year crop Of 5000, 600 bales Of
cotton, tobacco enough TO be one
Of The chief dependencies Of taxation,
! and rice enoag 10 supply the home
market tor the rear. With Grant and
assured peaoe and eonseq uent invest
msnt o. capital and quiekened product
son. the result may be easily foroseen.
Tho country is greatly indebted 10