The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-06-03
SUGGESTIONS.
The Debt Pale Every Ten Years by
Taxes.
70 THE EDITOR OF THE HERALD.


Taxes.
70 THE EDITOR or THE HERALD.
PHrADsruA, May 30, 1855
Tho project Of paying the national debt of the country
, worthy OF It's people We have secured the Of
freedom for ell the world at great cost read
pay cash down cannot be doubted the moment
on for doing so shall be made feasible. OF the prsc
,ablity Of this there can be no doubt
II we do not pay the debt now, shall pay in about
ycsnp equal thereto in for the interest
thereon and cost Of collection TO say nothing of tho
ndoss perpexes growing out Of the internal revenue
hich however onerous all must feel be necessary.
u Tho end OF this period shall not only have raid the
nitro amount OF the debt but without having diminished
one dollar. The mortgage upon our estates remains
he same: and who desrs 10 purchase property encumb
cred with rredccmabo mortgage II ho can find that
rhich Ia not9 Perpetual ground rents, those
Fhich not IL they must be long endured, To
o avoided possible II is true that posterty could
ay the nation obligation easily than the present
sneraon but as dcsirous to leave them FREQ OF
sh as Of the moral pcstencc through which IL was in
ined
Would It not bo well TO submit statement Of the va
of all real and personal property OF the country,
nd also Of the annual income thereiromS This would
dica;c the amount that could be spared from these
,urces toward the extinction Of this mortgage on our
y1ntry
b addition, would be desirable TO have nm estimate
tho amount Of the annual wages OF the aborers OF oil
wrriptlons In the country source from which very
agc amount may be expected for this great purpose.
greatest amount from this source, and none will be
Lore checrfuly paid, provided the case s plainly
csented 10 the working classes.
IL common thing 70 compare debt with tbot Of
trent Britain which has hung long about the neck OF
~ richest OF nations We must remember, however,
at while that nation IN the richest the people thai
odiees her opuience In the poorest upon earth They
Re tho saddes' wcsnis OF partial Legislation exant The
iaward OF industry there 10 perpetual famine and the
-umoy Of the few tnat constitute the governing
k1 all of the products Of labor leaving the smallest
ssibIe portion Of Ia bran and refuse thaa will sub
AtM
Hero, whore every and boy has plenty 10 d.
who labor afford 70 live the fat OF The land
I'd have left 70 pay taxes with than the eptre
ngs rather wages Of the aborer Of Great BritaIn
,ounts There 'he that trcadeth ont the corn,,
maxzed indeed No wonder repression there opposes
velopment here
Il Is not probable that in organizing plan for tho
sempishment OF the great and inspiring purpose al
rdy begun, that . committee should be appointed In
every school district in the country 10 and
goilect contributions Tho debt was incurred by com.
IN consent for the common good, and win cheerfuly
"a met accordingly.
Az the entire end cannot bs compassed In less than
, and perhaps may prove best 70 engage subscrp
81 ns payable IN one and two years. drawing upon re-
arocs OF two years instead Of state enaotments
icing such subscriptions Q lien property In ease
= ordinary tsxsaion might be deemed advisable
Ian very respectfully, jos p HAZARD.