Council Bluffs bugle. [volume] (Council Bluffs, Iowa) 1860-1868, 1865-12-21

Il "a
izsd government. meet rea as b time
when the Natscfi bAs golansarily harden
Cd Itself with . 8ehg snpreessienled in
ouE aaanals. Sas& Ns II aes nmsnns, II
fsassaxay anso asshing ssssn psmpared
1 wiah It's soanEIspa hlsssaEgb shsJ xin be
I confered upon car eoaasFy aaa 1yban man
| hy gta rressrYaEaDn af The NafsenHH life.
ksw % Tbs hfss cessation of fks mess.
1 lag OF Congrass sasssxs the retnYn sof
| peasa, II 10 oE 80 aansss Gnpsrtancs Id
1 inapgnYate q Iuss posicy which shall as
1 onee be ras Il, In5tfoSs aud which shall
/ commend isself ID shase abe r0rAe after
/ a. for Its ccAtiGnanoe. We must elm Al
nothing less thhn tee complete esfaee-
mens Of the Gnanaias evilslihaf neeessa-
] rily follow q ssaaa Of civil war. We
| mast eadeavor u apply ihs eariiass reEs-
i edg 30 sbs dsrspzsd state af the sHrren-
rYs and not shrink ffem desising poll
seys which, witapet being Oppressive 10
/ the people, sha8l dsauaAiiately begin t.
/ Effect reduction 81 slas dsht, al d IL per-
sisted ins discharge II fully uiEhin !
/ definitely fxed ssigbes ef yaara.
i IL is our arss 4afy to prepare ID earn
est for cur FecosEFY from the 4Fer in
lcEeaslng evils a lEreseemahIs ehrrency
| without a suideh ssYussinn, withSut ua-
timely proerasEiHatg3a, FGr kLal end we
must, euch IN CTR fss9cctfTA positions,
| prepare the gay. bell 1t Sd bs The .Gu.
/ y Cf the sxeeutiss ta lnsiss upon fra,
galitE In the exEsrd itctee, % economy Ii
itself great natIen i aeaoa4ee; and OF
/ the banks TO wbFaA Ha:hority has been
given to issue n9iss ssaared By bonds of
the united States, 10 may require the
greaiest moderation Aaa prudence, ard
/ The Law rnust be rigsdlT enforced ghen
| its limits are exceeded. We may, zach
one Of as, eouiSel oar agtiYe and inter
pFising eouutryt1aa ID be GeSstanilY on
I their guard 10 liqniaste debts CONTRACTED
IN paper currtaeY, ana by conducting
businets- az rearlY sa possible, On = sys-
tenn Of cash payinfuts ca shess erediss,
aud to bold theEaselpes prepared 70 re-
turn to The staudaE5 oF COLA and silver.
/ To aid our fellow citizens In the prudent
management OF. their monetary agairs,
| and ths duty devnived upon as to diEnin-
ish, By law. the amount Of paper money
now 10 eirenlatida.
Five years age tas bank uots eiycula-
sion OF shs country amounted 70 aos
much nnoFe than two h1ndrsd milIiens.---
! Now the circulation, bank and ustieaal,
excesds Revsn hundred millions. The
simplest statement Of the fact. rHeom-
nends more strongly than any wsrds Of
mine could do, tbs necessity OF eur re-
ssraining this exTansi1n. The gradual
reduction of tha currency 10 the only
measure that can savs ths business of
Ethe eu8ntry from disassraps eaiRmitiss,
and this can ha almost imps reeptabiy ae-
eomplishe,i by gradually funding the Ma
tfonal circulation In securities that may
be made redeemable al hspIeasure os the
! Goyernm sut.
/ Oar dabt ia ddably sserae4 Erst, the
actual wealth and still greater undeveI-
1 oped resources Of the sounsry and next,
/ the .character Of cur institutions. The
most Intelligent observers among polisi.
cal econamisss h2ys aes failed 70 remark
/, that the public dshs at . eeastry ID safe
10 proportion as its gsorla are fEse thai
I tha debs of a rerub5stc is the ssfest Of aH.
Our histerv co06rEua and establishes the
! theory and IL. FIRMLY believe, destined
10 give il ssiiIlma9e sEgaal ataBGaIion.
+ Tbs secret CT tHis s@pkrissssy EpEiags
not merely froxH tstt Ii b rSpabifc the
! national oblignadaa pra aistdaassd mere
widely through H.saalIeaa numbers in all
| classes CT soSisks- 1t Aas its reok in the
character Of oas aws.
Here all men 40nsribete to tha public
welfare, ard bear their fair Share Ct the
public burdens. During the var, lnder
tie impulses og pstsiefisan, the nen OF
/ the great body 81 ths people, without re-
1 gard TO their osva epmpaFative want Of
/ weslah, thropgse to our aATRies, and filled
| our feets of war, ard held themselves
ready to offer thsif liFes for tia publ,
/ good. Eow ia their turn The properly
and income Of tie country khouii bear
/ thsir juat prerorsian of 1.-THE burden Of
l taxation, while ip ouz import system
/ through Eeans boE mhich lncr aased vital
Isity is ineidenta IN imptrted to all the in
| dastrial interests sf The nation. The
duties shaaId n& 90 adjusted as 10 fall
j most heavily 90 assieles gf luxury, beas~
/ ing the measures Of life as free from
Taxation IS the absolute wants Of the
| government eEaaoInieaiIy administered,
i will Justify.
| No favored Haaa sAaald demand free.
dom from assesslaens. and the sGxes
should be so distributed rs not to fall
i andusy on she no0r, but rather on the az
/ eamuaased wealth al the country. We
should look at tia national debt iuat as
it is, rot as national blessing, bat as q
heavy burden on the industry Of the
4 country to be discharged without anne-
i cessary delay II il estimated by The
i Secretary OF thg Treassry, that the ax-
pen Iitures for the fiscal rear ending the
30th Of JUNE ls56, will excstd the re-
ceipts $Ii2,ig4,64T.
| Ii Is gratifying, howevtr, to state that
4 il il also estimated that the revenue for
The rear ending Toe snsh Of June, 1857.
will excaed The exncnGisnres in The sum
I $IlI,6e3, ,eis. TEis amount. or 20 much
SIS NAV be dteued sufaciens for she par-
spose, may be appiisd 10 the reduction oi
the,ppblic debt, which, on sha 3Ias day al
i October, 1865, wbs 2.750, ,s24, $50. Es-
! ery reduction will diminish the total
amount Of inter sass to bs paid and &C
| enlarge sha asans Of still farther xedac.
lions, until the whole shall be liqsiaaEed,
and this, a. viii be seen from t1s essi-
, mates OF she Secretary OF the TrsAsasY,
]: may BE- aaeonplishsd by amaaal ray.
] mepss sithia . period not exeesdiag %
years.
Il have filth sbas We shall 10 all THU
i within q ssasonabis time; that, ~ ~
i hgsa amaxsd iha world by the sapprss.
!, sion af . cisl mar whish was shsaghs ID
/ be- beyond the eoEsrnl III any gaaeFnnssaa
so ne shall eqaalI9 sheN The saperioriss
Of oas Instsfnkihns hs the rromps sns
} faithfai dissAasgs sf Cur sasiaaal oAligs1
I saens. ai sa
II The Depafsmassa ii Agsiaaisars uadel
sta present ditpsAiDns as aanpaplishins
Z mneh Ii dsvssazbiax md utilizing she vasi
q agrieailasal saaahiIsIses Of The soansry