The New York herald., 1865-02-21

Ways and Means provided system OF TAXATION utterv
lp1soie ln our opin,yn Tor any people 10 have meti
taxes but the ability TO pay any heavier than are
already imposed does not exit Our people ready
and willing 70 pay taxes, but there IS limit beyond
why attempt 70 carry tn Immense bur,hen Of two os
recognize the fat that this people are sefdeceyed
and that tseir CowsderaLe lars are mae cent? Wkv
s ~ s ass sns ss ssss ,sss .s s
late 70 recognize tho socaed dollar two censf To
this we mus come before there can be any finances
matter and provides for the scaling Of the bonds cer
ncaies and notes down to the average specie value and
for the interest payable In specie OF bonds into
which the old shall be converted the sooner our naaces
Mr. Lyon, chairman Of the COMMITTEES Of Ways and
Means quotes the report OF the Secretary OF the res
sury OF 7th Of November 1884, 70 show that there
will be required for the expenditures Of the
To this amount he add. for tn. redemption
o. 1,a % Issue. - a.ac; %, % 0oo 0oo
Amount required for 1885. .......... 81 O5e 600 600
raised by taxations Mol and Mr. Lyon docs expect
to raise half Of by taxaton but only $4so 600
In spoce this one thousand and odd millions ia about
nineteen millions at prices which gold sold yesterday
on government account Every man can comprehend
nneteen millions a. payable by the people OF these
States but thousand millions-who carry that
amount can understand II, and what people can
pay Il In year. The delusion Of big figures is very
grave matter for the future, well present OF the
people Of these States The debt represents sham dol
lars and shams OF every kind should be avoided in the
earnest work which the people OF these States have
Let the Congress come up boldly to the work Of re-
ducng the public debt the bonds the certificates and
the notes down TO their average specie value and tho
early return the part OF tho government not specie
payments, but to payments In fundable bonds
whose interest shall be payable In specie There be
very great difficulty in this matter; there may be ro
qured some courage but no very great difficulty is in
the way Let every man be required bring forward
his bonds certificates and notes receive exchange
for them new bonds, at the rate OF Of the
five OF the old the interest OF the be payable in
specie II i've for Ia not the fair specie average let
thatbe ascertaned from the of quartermaster
commissary and ordnance stores purchased their
price for the year 1860 Ascertain what the specie
value OF the public debt Is and red that value
and when say Confederate dollars lot words be
lies, and our notes no shams. currency can be
easily provided made fundab,e specie paying bonds
II will nevor depreciate the present has, but always
maintain just and proper relation to gold for which
can be invested
The wisest and best thing that the Congress do
to consolidate both the army aud the finance depart
ments. Abolish the sham paper army aud e sham paper
money bring them both to TACT aud reality and provide
for keeping them at fact and truth and not permitting
her again TO sink back falsehood sham There
o.. in the hard knocks this people have alreadv
70 w r'., --h'ch III -.
for them and their enemy and tho means Of giving those
hard knot ks sho1d be real MEANS not false shams Of
army and money. ~ Nna.l.Nt