Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1866-12-27
THE REPORT OF THE SECRETARY OF
THE TREASURY

Is not calculated, according to our judg-
ment, to advance the financial interests of
the nation and it's crudeness, on some, in
deed, on the chief production of wealth, is
not fsttering to it's author, and if the inev-
table laws which regulate productions and
trade, could be- Influenced by the Secreta-
ry's opinions, they might prove disastrous
But fortunately, the -proverbial folly of f.
nancal scribbers, and their name is legion,
has no more effect ON the silent workings
and positive results, growing out of ma
tion's industry, or idleness, than the Ptole-
maic system of astronomy had on the rota-
ry motions of the earth.
Take for example, the assertion of the
Secretary in this last report of his, where
he says, 1t is necessary to curtaa our redund-
ant currency in order TO increase labor =
Now, greater fallacy was never uttered
indeed, its falsity is almost selfevident.
We have only to look to our experience as
nation, during the continuance of the re-
bellion, to show this. wistanding the
withdrawal of five hundred Thousand la
borers from the free states, there was no
| diminution, and rather an increase, Of pro-
ductions, in these states during the war.
Then what man of experience does not
know, that men would rather work for q
dollar, than fifty cents a day, even if the
dollar does not buy more than the fifty
cents ....,
We suppose the Secretary considers it a
sharp trick to fix the period for the redemp,
tion of specie payments Immediately after
his retirement from Office, thus throwing
the responsibility and censure of it's failure
on his successor, and Judging from this re-
port, the Secretary means, so far as he can
hinder resumption, to produce this result.
He should remember that men who dig pits
for others, some times fall into them them.
selves.
But the most reprehensibe part of this
financial report is the covert attack it
makes on Congress for not admitting the
rebel states. The astute Secretary appears
to think the people do not know that the
rebels put themselves ont, and keep them
selves ont. For all they have to do, in order
to get back, is to adopt the conditions Con.
gress has prescribed, the most reasonable
ever offered to rebellious people and SO
long as they do not comply with these, they
are certainly chargeable with their own dis.
franchisement. The loyal people of the
north see this, but Secretary McCULLoUcH,
and his worthy master, do not
In apparent trinmph, the Secretary asks,
Can the national credit be elevated and the pub
lie debt be rap dly reduced unless the Southern
States shall largely contribute to the public rev
enues, and can such contnbuti tionS be relied upon
as long as they remain III their present disfran
chised condition Will the taxpayers of the
North continue to be patient unless their burdens
or taxation can beg Isssened by being equally shsr
ed by the people of the South?
Why yes, Mr. Secretary, the national
debt is now being reduced beyond your es
Inmates, with the rebel states included, and
they still disfranchised and the loyal peo
pie will gladly continue to contribute tc
this reduction, upon condition that The rebel.
are not enfTanchised And the northern
taxpayers will patiently bear the burdens
of taxation, if traitors are punished, and
treason is made odious but upon no othel
conditions Let those who are laboring sc
assidously for representation to crimina
people, bear this in mind ... ..