, 1866-02-06

ncndea In estimating Incomes 1naer ssces1 saa '
~ ,ne 5ast aet the lay WAS 1ed at re per eent on
ahoSr :. 1s,o~ n sa, and ut ten pei cet on tho.c
~, suA1. TIE roxza Dz zs.nc,~,n
Il, Having now shown tke amount ,na ah.. -.
tns "eof. and the facts necessarv "a III Of
Standing Of It's re1at1ons, 20 Ia as ,ey could BE- d.
talned IN time, and having established Two prppcs
Ons 6rst, that the secusities must be taken 10 be
exempt lom tAxanon BY os under State authority,
seeoaa, shat y Y perfectly competent or the Cnted
come or. dividends derived nom them, md having
shown that Congress has exercised that power Of
as.eEa eceastons it is Necessary 70 INQUIRE whetber
ot not Justice and saund policy demand TINT they
should further exercise II, and II they do, to what
4e9tenr and In what 11aurer.
REDUCING TIE srxK Or THE GOLD DOLLAR,
SIT. Hayes here proposes to reduce the standard or
god coinage TO CS cents, that being the average
value OF The earEeney dollar during the war Upon
safa proposition he makes lengthy sssumens Whea
We tha1l publish hereafter. i: :..,-.s.
. TIE AEGuxEsr coyc1uDxp<
All lhe elements, for the ISOLATION Of the question
before ue% hive now Geen brought toFe,her. t3roup
~ e nnt u aaa nas ns5 aaey esn sad he mna
controversy The following propositions;
J: Onr debt IL rot excessively AFxe coupsrrd
xtth our 1,eans OF payment 1ha interest lid Is
2 For want Of further ta1ss upon the uronerty In
the public sscurttiet the most garns and tfemend-
ous loe40aIy anu 1nIuS1c. exist, TO the advantage
Of tpeS1al chs. who hold ffee of public bardens
ssS 2, shs sh9s o. TIE + :;
he taxpayers and solers In the country, uno have
the poWer TO obtain justice hroust. the bai[ot.hor,
and III hare the opportunity OF using ibat DOW Il
II Leg than three ,eafs 4 taE Of ai,out one per
ce1t on the property in thata securities would
earal4e> 70 satisfactory c.teut the entire present
ano1nt OF taxation on the ACCOMMODATIONS, the real
and personal estate Of a11 propeE1y owneEs
Thsfs g 10 contract, moral obligation, or law.
Rhtch foshfda the Imposition Of that ta1,
4 + It !: rsanted By othes CONSIDERATIONS Of pub1lc
Justice, II erery tense. Is the highest duty Of ali
eutftoMents~ They are osda1ued by The Almighty
70 admiatstef Justice, and claim Is Ill rep1e-e.
tise9 t tns oosd1enes Of their subjects I1ks Him
rendez 10 every man hts due. No reasons hoMrycr
:petaous no Necessities hdWeTef urgent. cau excuse
dc!ay - 9E ~ feia5al @ 70 inidl this requirement.
ealfi ~ ~ eonsc3enaops elimination or the
ri. to his co1leaguea The fos .! Sin, for thc coz
sldc1at1on OF CotTess, submitted herewith trh.cb
!a hs 19dgmsnt, VIII aecusc !hc following results,
l. The removal ot the injustice complained OF by
ewing and collecting, IN sure and simple mode |
antles e. the income and dividends ftom the tecu.
nns per cent, On tha principal ot those parable IN
o1d. and equal to one per cent Of the psjucpal Of
fhsse payahie II lawful money,
1he effabl1shmeutof sinking fund. with such
apanues a and attrsbntes y 10 he fats and secnre
liways in befrR having the right md tue dtsposi
ion 20 project it.
.. B5 provision for good and most psefu1 pul-
he public debt into one Of attachment and sedu.
gus s3R 1or IL payment> MaktuE all The people OF
he Unlted Statea its Ruart1ian*, ma riytne tbem
"a hasr posterity d'Eets interest ID It's speedy
The rsssons for the ftwo provisions are :appa-
1