| Show 0 aj 11 f of tile lc f 1 counti s tite public debt 1 ra I 41 I 1 F fali t 11 ills T not lie hc last good mIlich aiom aio 0 01 out ital 11 1 t i k I 1 rebellion I 1 ebol boil avs the know ledger inch t i I 1 tile people rf of the states of A 1 r t I 1 4 4 4 XIAN U with ith european I 1 k L 1 I s man iii cn it and lid indeed with many timid nien men far if I 1 4 r oun OMI country tho the opinion prevailed prevail ed i I 1 q g the w that hat ii c N ci 0 rubbing headlong 1 n 1 I 1 J tin miLid and that elen eian iq aff I 1 f I 1 cwi iwi w bin in conquering tho the rebellious rebellions V ii 1 tile nation could ii uyer or fi aiom orn it j i 4 ond oad of public debt each day being fastened 1 lc people hundred s rf of millions made 11 I 1 j c n our c s but when financiers began j 4 1 l faral tell lie our debeby debt b thousands of cuilli millions ons I 1 t I 1 I 1 bec lucil dismal enough but bu t to quo t leour c q of uio the country had not been 4 1 0 4 I 1 i eiith aint b les during the lii 0 y J 1 I c i arr preceding co ling tho the war the total empei lai ay of gol ciot eminent had in no one car cx ia J I 1 I 1 I 1 beaque ta four millions million nor the receipts 4 I 1 fy 1 4 ty dulios mu lios ois the later almost almast j lyt li denied floell customs 6 J biti I 1 r 4 ti Z bd aio oio c us v N e compile the following ing I 1 1 l it items cius Coni commencing with the fiscal jf fending 4 julie tho the first of the V 1 A j conr our expenditures were I 1 i I 1 it t I 1 7 jj fit ly osa y 64 1 r abst year or of tho the v birr w I 1 h i IA j 41 t I 1 vow JW 1 14 h i t neaily four thousand milho ils of doll dollars drs i I 1 ff i 4 f f see hw how the expanded to meet 4 es imposed upon tho file goi eminent ern ment 4 J S X aio r I 1 Q receipts receipt 1 for the mine henchal i 4 M 1 follows I 1 k V I 1 Is 14 t ca ji kir gm lh I 1 I 1 11 1111 1 e ty i J iota J otal 1 1 t l 1 PS s ta I 1 anding the 0 immense imi benso mims thus 1 julid t 4 d by taxation fixation and indirect on the 1 4 l of jnue our public debt wis was 2 I 1 f 1 I rs the public debt of great bri i I 1 is is ap aids of four thousand milli millions and d 0 k i axes esher her entire resources to meet the ani I 1 ia jy ly accruing interest without even an tit nt II 11 I 1 1 1 pt t to reduce d uce the on the other I 1 J 11 atu 1 tar r the united is already setting oil it allu nud accomplishing it material reduction t r y d ing the list fiscal 3 ear as will be seen been 14 e our expenditures ni ceic bic in ill round nurna numa I 1 v rt five hundred and eighteen millions 1 t ie i e the acie fh c and fifty the latter exceeding the former aly thirty eight millions compared with aj fy fiscal geal year ending june wo uc 0 in file past pa st year in an increase in creAso of receipts ot or f hundred d and five million labile il v e vt diminution of war nar of i 1 i r selen awl fifty m tu toms of dollars I 1 he now tariff and in internal terrial roi enno la laws I 1 Nf filling illing alie and reducing the pub idelt with etith n u rapidity unparalleled in ii I 1 the i cory ory of any other nation and should give 1 14 1 equaled stability to our national 0 i estimated that ON alt expenses of the war art artmont ment during the current year will be beast I 1 ICKS than those of the t t i year 3 ear excluding tile amounts authorized abo paid in tho the equalization of bounties t ut let us glance for a moment at it the pro s being made in tho the reductio the alie pub i file agg aggregate legate debt of the nation luduig interest be bebing u nig bonds bond certificates al yil tender notes and frac fractions tionA cn nency i I 1 1 A deducting the amount of cash in ill the u ury at the ion cral dates bood as follow h b i t 1866 I 1 bor iff i I 1 purius a the lour month mont lis chiding buding september h the debt ninety seven illions II f lions of oi dollars notwithstanding that ch of tho expenditure ien gendered dered our war continued long r the war erased 3 et ct during the year aloin I 1 stober ISO to october 1860 1866 our lie debt was induced nearly ono one hundred I 1 1 two mU lions during tile the ansu yair beir it w is not improbable that tit nt least five adred millions of tho the debt wll be canceled i aso jae interesting facts and full of profiro pro wiro tho future |
