The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1847-12-23

FriaFgFA a. Z ihEigRlaa6e. u : - y ga
liiynng 70 nhseIse lhsi 80 Hlsasssfinass
are si.o IN . pIssErsOSs rendsllsa. Asnr
a he ruinOss eHssls aPan ms InasEssa.
whnrh Eers sPPsshsnaes b. s0ms - lhs
EssaiI a. he eFsrslian 81 he fsFsnns So
Ten etl.bhshsd 81 he at u 1876. base
hesn s1psElsnsed. ia 4 e senlfssE. be
namhsr II aanslsrseElss. ard he smeanl
az capital in.eshd IN q rm. u sissasls and
rspidiy Increasing. sHssdlng grslilyisg
plOals ihsl Amriiesn enlefpEiss end sklil
employed in IhiG brsneh al donrslle in
dusirv. silh M other advantages lhsn
lhess Eairls add inridsnlaliy serGslng iron
. jus; syslem Of EeEsEns dnllss. are
sbundahlly shle 10 meet sussessfully Ill
competition fTEm sbrsad. and all esIlss
fair shd rsnlherHliRg PHofls.
While capital invested in GahnlssIuEss
10 yielding sdequaIs ard lair PFsh IN
der he nee o. slsm. tie wsRes Of labor.
whether employed 10 manufactures, a.
Eie0!Iure. commerce. or nssigslian. haze
been sgsmshlsd. The telling millions.
whose daily labor iurnishss lhs supply II
food and TsimenI. aud ell The neessssrlss
and sonfOTls ~ life. are receiving higher
wages. aud more steady and psrmsnsnssa-
plOymshI Than in any OIL er soVnIIy. OF
al any previous period Of our osn history.
80 successful have been al bIanebss Of
our industry. that . foreign AR. ~hich
generally dimInishss lie resources Of .
nation. hss 10 no sssenlisi degree retarded
our cnwATd progress. or checked our Sc.
neral proptnly.
With such gratifying sEidsLcs Of pros.
psrly. aud Of Ihs successful opsrsiion ol
I the Ie'rnue act Of 1916. every eansidsra-
l on Of public policy recommends that II
'hall Iemain unchanged. u 10 hoped that
ne system Of impOsI duMe, which il e..
Iablishsd may be regarded 50 The perms.
nsbi policy Of the county. and that the
great interests affected by u may not sgsin
be subject TO be ihjUnoVsly dIs,ur bed. 80
,hsy have hereiofme been. BY iTequeuI
and sometimes sudden changes.
Fer the purpose OF increasing The re.
venue. and wIhouI changing or modify ing
The rates imposed by TIE ssI OF 1876 on
the duliable articles embraced BY lis pro-
vINOhs, | again recommend TO your 70.
SoEsble consideration tie sxpsd,enry oil
levy pg IeSsnue duly on tea and coffee.
The policy which exempted these articles
from. duty during pe,ce, and when the
4 .. vanpa IN he ,I.,ss., A f,... Kk.~ ~,
needed, ceases 10 exist when the county
10 engaged in ~sr. and requires The use oil
oil In available resources. II 10 . ter
which ~Ould be 90 generally diffusrd
among The people that il woula he fell
oTpfessi'ely BY none, aud be CON lained
OF BY none. Il is believed that there ere
not. IN The lI,t Of impor ed sriicles. any
which ere more properly lie sutjsrI oI
war duties than tea aud coffee.
It's estimated that three millions Of dol.
lars would be derived sntu7lly by . mo.
dsra.e duty imposed on Ih'se articles.
Should Congress sssil itself oil ibis 3D.
dIiOnal source Of revenue. not ohly would
The amount Of the public loan rendered
necessary BY the war with Mexico be
diminished 10 that extent. but the public
credit and the public confidence in the
sb,lty and determination Of The Govern.
Deni 10 NEE, al its engagements prompt
iy, would be more firmly established, and
The reduced smount OF The loan which il
nav be otressary 10 negotiate could pro-
badly be obtained al cheaper ratss.
Congress 10. therefore, called upon to je.
teTm'He whether il 10 wiser 10 in poss The
Wat duties recommended, OF, by omi.iing
10 do 80, inrrease The public debt annual.
ly three millions OF dollars. so long 10
loans shall be required 10 prosecute the
war. aud Afterwards provide, in sons
Other form, to pay the semi-snnusi ible.
resi opon IL. aud ultimately 10 eIiin guish
the principal. lf. in sdduon 10 these
duties, Congress should graduate snd
reduce The price Of such Of The public
lands as experience has proved wIil not
command the price placed upon them by
The Government, gu additional annual
income TO the Treasury OF be.wesn belt
million and . million OF dollars, il is e..
iiDa.ed, would be derived from this
source. Should both measures receive
The sanction Of Congress. the annual
amount Of public debt necessary to be
contracted during the continuance oil The
gar would be reduced near four millions
oi dollsrr. The duties recommended to
he levied on tea and coffee, IL IS psopos, d
shall be limited in their duration 10 The end
Of the war, and until The pubic LED, rem.
dered necessary TO be contracted by IL
shall he discharged. The amour. OF th.
public debt to be contracted should be I'm.
tied 10 the loves, practicable sum, AMI
should he exungui.hed ss early after the
r"uclu'I Of the war ss the means Of the
Treasury will permit.
! W lIh the view. IL 10 recommended IN,
ss so"n &c the var shall be over, al The
surplus IN The Treasury. not NEE ded for
| other indispensable ohjerw. shall consu-
snle sinking fund, and be sppl,ed IN the
nurrhsse Of the fundad deht and III.