Page:Popular Science Monthly Volume 37.djvu/452

436 We may credit Uncle Sam with the expenditures that are required to meet the obligations of the war, and also for the conduct of the Government, equitably administered with the least interference with the freely chosen pursuits of the people:

This account is adjusted to the prospective revenue, predicated on receipts to date in the year 1890.

When we balance these war taxes against the war expenses, we find a surplus which may be carried forward to meet the ordinary expenses of the Government, $20,000,000, and this surplus will be subject to rapid increase with the growth-of population and the presently diminishing burden of debt and pensions.