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The Daily Dispatch: January 14, 1862., [Electronic resource], Latest European, news (search)
ut this intelligence, however, he states quite enough to enable any man of business to judge how long this war of subjugation can last, and what the probabilities are of sustaining another war in addition to it. He says that from July, 1861, to July 1862, the war expenses will be in round numbers, £109,000,000 sterling, of which he has succeeded in borrowing about £40,000,000, and hopes to get the rest by paper money, more loans, and taxation to the amount of about £2,500,000. If he can get the loans, and if people will take his paper money, and if they will also pay taxes, he will then be able to make both ends meet up to July, 1862; but, if the South should not be subjugated by that early date, he tells his countrymen plainly that he shall want seventy-six millions sterling for the service of the next year, and that at the end of June, 1863, the national debt of the Federal States will be nine hundred millions of dollars. This is pretty well for a three years war. Yet, if we w