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The Daily Dispatch: October 23, 1861., [Electronic resource], The small note issue. (search)
e spending, for war purposes alone, $1,250,000 per day, so their writers say. This is a larger sum than she correspondent of the Baltimore American gave them credit for in the article upon which we commented some time ago. It makes $155,000,000 per annum, instead of $442,000,000, as we stated in a former article. This is the most tremendous expenditure for war purposes, not only that ever was made, but that ever was conceived by the wildest imagination. In the House of Commons, in 1815, Mr. Tierney stated that the British war expenditure amounted in 1808 to £45,000,000 sterling, ($225,000,000;) in 1809 it reached £52,000,000 sterling ($260,000,000.) In 1810 it fell back to £46,000,000 sterling ($230,000,000.) In 1811, it again arose to £ 52,000,000 sterling, ($260,000,000.) In 1812, it went up to £55,000,000 sterling, ($275,000,000.) In 1813, it was £57,000,000 sterling, ($235,000,000.) In 1814, it was £ 66,000,000 sterling, ($315,000,000;) and, in 1815, it reached its maximum, bein