Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1871-01-19

A Nation that ca1 Pay Is D:ass.
[From the Independent,
The financial figures contained in
the last report Of Commissions W,lls
are worthy If careful study. The
outstanding debt of the Unitel
States on the 7th of March, 1861, !,
amounted to $40, i55 ,299.2a. The re-
ccipts of the Government from in
tcrnal reyenle, customs, lands, di-
rect tax and miscellaneous sources
for the first four years theasts, n IN
April /, 1861, to April |, 1861,
amounted to a575,799,69l9f. The
receipts from the same sources du-
ring the next four years-namely from
April l, 1865. to June 30, 1869,
were 81 ,90s, ,567 ,6a5 90. The aggrc-
gate OF these receipts for the two
periods, eight year in all, amounts to
S2.5Sl, ,367, ,317 03. The nn. .ional
debt. less cash on hand, md the sink
ing fand. on the 30th OF June, 1869.
was S2,is9,002.4S0.5S. From this
leduct the debt at the commence
ment OF the war (S76, s., 299.2s,, and
we have, as the sum borrowed for
war purposes and not repaid from the
receipts OF the Government. rs above
indicated, s2,4i2,547, 1880. Add
this debt TO the receipt OF the eight
previous yeals. And we have 1885,
9l4,49s. 81, as representing the cx-
penditures Of the Government during
this period. From this amount de-
duet Sso5.000,000 for the ordinary
expenses OF the Government, that
would have been incurred without
the war, and we have S sl,1Il,9l4,49S.-
33 as the actual cost Of the war to
the Government of the United States
up to June 80, 1869. From this cost
deduct the national debt as it stood
on the 30th OF June. 1869, and we
have 81 $50 2912,0l7.75 as the amount
which the Government has received
and paid out tor the war purposes
during the period OF eight years. In
tins -'.ort period the people, through
the Governments, have actually paid
this proportion of the cxncnses that
were incidental to the war, leaving
against them an outstanding debt,
less the assets On hand, to the amount
of $.,4sa.002 4So.5S on the 30th of
June, 1860 Who will say this is not
doing well, or tha. the same people
cannot or will not liqnidate the re-
mining indebtedness?
These figures, however, do not pre-
sent the whols case as growing olt
OF the war. The value of the pen
sions, if capitalized, which have been
paid by the Government for the past
eight years would amount to about
s20O,O00,000. TO this We must add
States. city. county, and town debts,
incurred mainly on account of the war
and also the expenses by States, cit
les, counties, and towns arising from
the same cau;e, but not funded, aud
we have an increase of 1923, 1000 900
to the cost Of the war. We must
add aga,n IN estimate Of the loss to
the loyal States flowing from the di-
version and suspension OF industry
and the reduction of the American
marine aud carrying trade, which Mr.
WeIs sets down at 81 10000, ,000.-
Add to this s2,700,00O,000 as repre-.
scnling the direct expenditures and
loss OF property by the Confederate
States il: consequence OF the war
Put, now, all iSesa expenses and
losses together, and the war aceaua,
stands as follows:
War expenses Of the United
| States Govcrnmcnt.....Si,I III ,9l4, ,4S9.3:
Capitalized pensions, il pur>
chased .............. 100000, ,ooo.oi
Debts and expenses Of States,
/ cities. counties, and towns 923, ,000, ,000'0i
Estimated losses to tho
loyal ssa,es........... 100000, 5000,
Expenses ani losses Of
the Confederate States 2,1oo, 900, ,000.0t
|
To.al................. ........S9, l9l ,9l4, ,49S.a
These statistics represent in roun.
numbers what the country has mad