SIS, ,l22, 42s q
DANIEL GRAHAM, Register.
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Registers Office, November 10Th, 1917.


The UHD without positively asserting it, wishes to
vey the impression that the Of the the difference
between the Of the public debt at the above Pc
riods and any rate the Wings OF exaggera
ting the expenses will endeayor to give some idea


what these expenses really have been and show up the de-
ceptive statements put forth by the official organ.


FIRST The loan Of 1917 figures in the preceding statement
for only sS,3s 250 when actually for SIS O00 600


Some time since the Union, in boasting of the arab
Of the Treasury stated that there S. O00 Of
that loan yet be paid in Of S3 0o0 900 al


at time have been received How it, them that is no,o
only reported at little than S., ,000, 600


Perhaps the additional amount only exists in the form Of
scrip and has not yet assumed the shape of }Rded aJ
but unwilling believe that such miserable subtehuge
this would be resorted any official the
purpose Of public deception and yet unable otherwise
account for the discrepancy, though hope the Union
will enlighten the subject


As the Union stated that the additional five millions
the current revenue would only last until short time ate
the meeting of Congress- therefore presume the forme
has been paid in by this time and the whole SIS 600 00C
will thus have been realized will make the first correction
by adding the difference between this latter amount and tho
in the preceding statement amounting 70 s9, 6l5, $50.


Secondly. The surplus in the Treasury when this
commenced upwards Of 000 600, all of which has
evaporated by the expenditure.


Thirdly. That was the surplus that had accumulated
in about eighteen months from the ordinary of the
country over the ordinary peace expenditure and the
has existed about eighteen months, il follows that equal
additional surplus would have accumulated 10 the present
time.


" b. These two sums would have paid of the pe-exist-
ing debt and left upwards Of six millions still IN the Treasury


FOurhLy The Union constantly making the most boast
u vaunts of the greater producyeness Of the a OF 1916
that OF 1912 and its New iork correspondent few
weeks snce in the ecstasy OF his heart the enormous foreign
mpoatons that pouring into the country, stated that
il they continued at that ratio the tariff would yield ory-one
millions of dollars which would he thirteen or fourteen
millions than under the tariff of 1912 On this en- pas
SAINT, would only say, God the country and ITS bus
community Of all classes, for Mr.. Walker cannot II we
have to pay n any year for foreign merchandise to an ex
tent that will yield under the tariff Of $40, OF ory-
0ne millions of dollars


Instead however, of thirteen or fourteen millions extra
under the tariff Of 1876, will estimate i at only i've
millions, which would Of have becnan rd surplus in
the Treasury up 10 this periodt that extent


FJhty Since this commenced the whole hhy thou
sand volunteers authorized by Congress have been called into
service, each Of whom entitled 100 O land, which,
at tho minimum price of dollar and quarters equal to
two hundred dollars the Government however, Is quibblng
the right of OF the early volunteers TO this bounty
land, will throw Off 0,000 that account which will
leave 40, 900 entitled it, making the o So OOO OOO


Srfhiy If the was to Tomorrow, there would
be very heavy arrearages OF all kinds supplies contracts
damages, pay &c., TO settle up We have not the record
refer to- but, memory Us The odds and ends Of
the last with Great Britain requred after the peace about
twenty to twenty-five millions Of dollars TO square up, to say
nothing Of the claims constantly brought before Congress fo
twenty years afterwards We WILL however, make the very
moderate estimate that 600 600 dollars will settle up the
present and unpaid demands Of this up the pre-
sent time.


Serenthl. Thirty years Of peace had filed arsenals
overflow with every mater Of war, which the present
hosites have made most heavy drains. II is impossible
make any correct Of the that will be required
to repenh them but we should think, four TO five million.
would be low figure for the pupose-we will say only the
former


Eighthiy Not less than ten thousand 1--WE have heard Of
much larger esmaes) have fallen by battle or disease
been wounded in the progress OF the The families
all those who are dead and the surviving wounded are all
entitled TO pensions What the Of this pension list
be- it Is impossible say but that for the revolutionary
though passed riy yea atc e tcor and embracing only
the then living survivors, surviving members Of officers
soldiers families amounted, at period 10 three mil
lions Of dollars per We do believe the pension
list for the Mexican war, TO be cosld would
be less than two millions per considerable portion
Of which will he payable for forty to fifty years to come aud
an average Of the WHOLE for OF least twenty wears making
aggregate prospective payment of forty millions of dollars


We will not say any thing of the amount thus far collected
the cusom-houses Mexico, and hy military contributions
we shall probably he told that furnished y the reopc
of the United Stacs but from the pockets Of the enemy
though would be difficult prove that large portion
Of has been paid by citizens and army IN Mexico
who have the great the most heavily taxed
articles.


Besides this fund to be kind of priv purse
which the Administrations far as we can Judge does not
intend Congress shall medde WITH have any control
it, and swhat may be called private pocket money though
The amount far can he Judged from the outgy.
ings OF the Ua0n is probably not far from 81 500 900


Neither shall include The value and consequent loss to