The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1870-01-20
Valuable Finance and other sta
tisffes.

.4.
The annual report of Mr., Wells, Com
missioner of the Revenue, is too long for
our columns, but the importance of it
contents viii not permit us wholly to over
look them. We have therefore .sketched
for convenient reference, some of its lead
ing features; ....,.- .
When the war closed in April, 1863 the
debt of the government was estiIn lted at
81, 56G, 100000. From that time to June 80,
1869, not less than 81, sos, 100000 have been
collected by internal and external taxation.
And yet the debt Is still stated to be over
s., 5OO,000OOO. ....
I The total expenditure by the government
UF"er>7"t. e8 9etlr'er, GAS he"s9v Sa4dJs 9l4.5
value of pensions, capitalized, $20O,000,000;
the expenditures of States, counties and
towns on account of the war, $3.50, 100000; ;
the increase of State debts on account of the
war, $123, 100000; the estimated, loss to the
loyal States by reason of the war, 81, 2O00,-
100000; and the estimated direct expendi-
lures and losses of the Confederate States,
So 100000 This makes an aggregate of So
O00OOO,OOO as the entire cost 6fthe war.
In 1860, the estimated property valuation
of the United States was but $l4,1 S3, 3la, 62s,
it therefore follows that over half of it was
expended in the subjugation of the Confed-
crate States. 1t is estimated that the pres
ent value of real and personal property is
So, 400, 100000.
In fourteen years, from 1856 to 1868 inela-
sive, 2, 9lS 2I3. immigrants have arrived in
this country; of this. number 7s,s17 were
Chinese.
/ The whole population of the United States
at this time is 100000.
The Commissioner recommends a re-
duction of the tariff He says:
THE maintenance of an average duty of
forty seven per cent, upon all dutiable i'm
ports is excessive and unnecessary, and OPP
posed alike to the highest interest of civiIi- |
kation and humanity, as well as to the prop
er growth of commerce. and industry"
The revival of Southern property from
the prestratfon of the war, is especially !
noticed in the report Speaking of the
troubles and trials Of the South in conse-
guenee of her devastation and the over
yuIOW VI HCA AdOOl oESIClIJ anu VI uSI
rapid recuperationand Frightening future,
he Commissioner says:
At present the supply of labor to the |
south is not sufficient to meet the demands |
# the various industries; but to doubt that
With an assurance of profit, peace, personal
reedonl, and security of property for the
uture, such'a supply cannot be obtained, is
o doubt that the influences which have
heretofore proved sufficient to control hui
nan action and direct the movement OF pop
lIation will continue to operate. But sup
'osing the supply of labor to remain as it is,
nd the circumstances attending production
o be only moderately favorable, the South
ives fair promise of deriving annually a
greater amount of active sHFplas capital as r
he results OF its, industry than any other
ection Of the Union and of thereby attain-
ny to degree ofpFesperity which viii EN-
bic its population to become eonstimmers
the products of other States andeountries. 4
his in turn must tend to increase the gem 4
raj prosperity of the whole country to- ex- Il
md tradeand commerce, to. Eighteenth
ider distribution, the necessary burden on t
Ixatieh. and to make certain the extin- 4
of the national debt at eompat- 9
lively early period - 80 La