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The Daily Dispatch: September 18, 1861., [Electronic resource], Northern War debts and taxes. (search)
per cent.--We find, therefore, that while $300,000,000 annually would be added to their national debt, $30,000,000 annually would be added to the charge of that debt, so that four years and three-quarters of their present expenditure would saddle them with a burthen equal to that which we have incurred in decentury and a half. Mr. Gladstone has to provide some $115,000,000 to satisfy the public creditors of Great Britain. In the year 1866, if the American war should be protracted so long, Mr. Chase's successor will have to provide rather more than that sum for the creditors of the Union." The Times contains a subsequent article, which concludes with the declaration that, if the North should attempt to defray the cumulating charges of the debt and of the war with money borrowed at these exorbitant rates of interest, they will find themselves engaged in an expenditure "that no country in the world can support." The condition of the North will be a melancholy one indeed. In