Masterpieces of Eloquence: Famous Orations of Great World Leaders From Early Greece to the ... 7

Cover Masterpieces of Eloquence: Famous Orations of Great World Leaders From Early Greece to the ... 7
Masterpieces of Eloquence: Famous Orations of Great World Leaders From Early Greece to the ... 7
Mayo Williamson Hazeltine
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the gallon.
Now, let us compare this source of revenue with our national wants. The interest of the foreign debt is £130,000, lawful money, per annum. The expenses of the civil list are £37,000. There are likewise further expenses for main- taining the frontier posts, for the support of those who have been disabled in the service of the continent, and some other contingencies, amounting, together with the civil list, to £130,000. This sum, added to the interest of the foreign debt, will be £260
...,000. The consequence follows that the avails of the impost will pay the interest of the whole foreign debt and nearly satisfy those current national expenses.
But perhaps it will be said that these paper calculations are overdone, and that the real avails will fall far short. Let me point out, then, what has actually been done. In only three of the States — in Massachusetts, ISew York, and Penn- sylvania — £160,000 or-£180,000 per annum have been raised by impost. From this fact we may certainly conclude that, if POWER OF CONGRESS TO LEVY TAXES 2765 a general impost should be laid, it would raise a greater sum than I lmve calculated.


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