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XXXIII

THE FINANCES OF THE WAR

, as we have learned, entered upon the contest with neither money nor revenues nor credit. From nothing, nothing comes; and many supposed she was too poor to fight. But she did fight or at least men fought in her name and one cannot help asking how they contrived to do so. In full the question cannot be answered, but some of the facts lie within our view, and these are not only valuable in themselves but highly suggestive.

Aside from loans, the income of the government in 1844 was figured roughly as follows: import duties, seven million dollars; duties on commerce in the interior, four and a quarter millions; profits from the monopolies of the mints, tobacco, stamped paper, playing cards, national lottery, post-office, etc., two and a quarter millions; miscellaneous taxes and revenues, three millions; total, sixteen and a half millions net. But the American blockade cut off nearly fifty per cent of this income at one stroke; and not only our progressive occupation of territory, but the dislike of the people for national taxes, their growing dissatisfaction with Santa Anna's régime, and their increasing destitution caused a rapid shrinkage of the residue.

It was proposed to contrive a general plan of taxation for the emergency; but probably the interests principally threatened put a stop to it, and at all events it mysteriously disappeared. The government was given ample authority, but could do nothing. A war tax was laid on house-rents, for example ; but it could not be collected everywhere, and probably its net proceeds amounted to little. In November, 1846, it was decided to issue drafts for two millions, to be accepted by the clergy and then purchased by designated citizens; but