The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-12-08

senss J. IA, NerScs- a..;:sh M -.
-,..r m-.
p's Psool 'nss Soppsfnsd.
!. :
ksoaAxD IL sestiAUApoa he right tract
now. Il doesn't propose 70 vithhoh ~
6ass. hat "a edscaax u v0k,,, H. "a
| - IIa. IEA~s.l :.ayC $500
ITO fNYnIf a yf43E3 -
lptY0tY mimi o1y4 vtds q
seadoh' taf n0MK ~ihdatd ; 3SAefal move
ment for !. ext..a;o. of n. .cn-o. l.ho.
.....- - r.-,.-s
- = I1s'.nu.
81 500 nArro1Sa, - : ar<.
rAe 1spess = 49, -eeesnary u thu
1Rsasest. Ssst
Although the report perports to be only
for the year 1857, i virtually begins with
March, 1850, when the total debt Of tho Umb
te48tsl4s uaG 81 -, sOo(O77. =. S4Ae fall
e9Iae( eoe end4 Ae doention Of hSDGlitics
800 4pn ApMDwe2 ms6e itasecsGSAy fos
the Government 70 ehecs prompt settlement
with the army. Nearly million Of men,
.n44y Ct Asm vNhispg esrsaIA ven 10 be
psid ON prior TO their hunter DOT. To pess
the emergency there was no other way, says
III ee0eDtary, 6ut 20 raisen ~ popular
Rbf3x6on y 0ev@nmfpts eeerde of .
character most Acceptable to the peoples whe
had apbecubed 90 literally - pseyious loans
Ies scvss-sairtles 2wefo M -bonds thrown
upon the market, and before the end Of July
80 sstiNeisee, s1tesdiat fys husdte1 nil-
Hons, Wa subscribed xnd paid for, and the
Secretary was enabled with the proceeds, to-
getner with the receipts from customs and
internal revenue, and the use, to limited
extent 1t sene s.Asr nsans At his disposal
70 pay every requis'sion upon the Treasury,
Ana every matured nattos4 obligation. in
we. OF n,s fsse, bus nsrs particularly 70 the
essnef part OF TINS period, the Report adds:
~ mon iasnste9 swNA the maaage-
ment OF the finances Of great nation were
ever in position 20 embarrassing and trying
Is was that Of the Secretary Of the United
States Treasury in the. mouths OF April and
may, 1865, none certainly we're ever SO hGo@
PLY and promptly relieved" ers5
The sspsar, iissiesr wsss- Md, payable !.
AeGastAst o. Juns Aal Only next, in Law.
full money, or convertible a. matur;ty AZ IN.
rteA,Ase Of The holder, q, fye,tusnsyI Innds
With the month OF Septenbsr, 1885. the
army now having been reduced to neaflvrS
peace basis, the Secretary's attention was
turned from borrowing to funding, Beside,
Aea.iAtsssstsnS bearing notes lsresnhseks,
there we've at the time not far from Al Son
Qoe.W0 az debts sapAxing .ineesest Iii Of
which must be either redeemed or converted
ctpnde before the 10th a Oetobes, 1863.
Two grand objects were therefore had - :; -
A4et, ensSarU tetusa ID sp<e3d Stanaard
ssd sdhdinX lhe rapidly maturing obiiea,;on.
# ths Government ~ -.
We Are told that since the lst of Sentem
har, 1886, The Temporary loaQs. H. eerti6
GATES OF Indebtedness add the fise Der cent
notes hsss M been paid with sAe excent;on
Of small amounts at each moi presented for
= Al
been reduced from S2l7 ,O24, 100 10 ST.. 87h.
0ao (sll, 5so, 900 havias Aeea sk.n Nm In
three per cent certi6catssE the seyen.snd-
three-tenth notsa froa $3.50. 600, 600 To xaa-
e7S, 800, the United States notes. inciuA,n-l
AeetiouAl carrenct, from Sass. 5Os.4Il -
1887 e7l Al. 39-while the cash in = u to
ury has been increased from > me Treas
10 $l22, 00e ,8Q6 o., and ", ss8, 8, 055. -
heeu increased sees q = funded deb. has
The Sssrstasv ,,s4 800
lAtions relsf' next proceeds with specu-
will b re 10 the time when the country
To- .Dle TO return - specie payments.
Al year he set the limit at July, 1868, now
il will take until January, 1859, and possibly
six months longer.
The conditions of netioaal prosperity Mr..
McCulloch states as follows:
First~Me fading OF payment Of the
balance of the Understanding notes, and a
co.tiaued contraction of tAe ooper eusrency,
Second--Ths maintsnance OF the public
faith in regard to the funded debt.
Third-The rsstes6ea Of the Southern
States 10 their proper relations 10 the FEEDER.
al-Goyssnment. se4s %
As regards the tax of national bonds the
Secretary says: Local tax Il h sllthsSAtes
are heavy, and no mssser uhst he ~ my
say upon the subject, no matter what the csa-
- k~A A. - ~ IL
,,ss. m.s eA, ,hn Dssn aaaef which they , were
nsso..a .s mere genera senumen'
Government bonds ought to be in some ~
asoadea IN hture nsaes. The Ssereeaty hsl
no hes,. ;.h ,s; ~ aum,ns 'n1a ne IN sym
pam s,'n h .n's sen',men. me me olmcuhy IN
.ns ~ nx =. .s Is eesH suRges.eo,
~ $3.50 aJ .ns sI - 'a.s .onds ns.ea'er =