The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1867-08-30
Federal Finances Reconstruction And
Caar2cter Of the Republican Party.

most accosa plishcd and sble Of our pnbi
men dellsersd'a powerful specs AZ luna
!, ono, upon the issues nov before the coun
} Try and the position Of the Two gres, poiit
icnl p"r'les upon the questions ui lhs dsy
We have nss space % pubish Mr. rsndIe
ton's speech entire, bni we giye ii fuli whu
he says upon Two questions which, are nos
absorbing pulse ntteoIion--tte pablic deb
and 'axalion, aud recous,rvc,ion
FEDERAL sinAscEs.
The revenues ot the Governmpnr. Dc
rived from Iaxrion IN 1857, amounted i,
nearly five hundred aud ninety uiliiors d
collars. This waS year Of prsc.: IN,
army had been reduced; The navy ND b-ef
diminished; she va<i nili'ary movement.
Ind osased. Yst ,he expcnd,ns- va one
hundred millions more lhsa iha, ~ England
and one hundred ard eighty millions mors
1han 'h,t"i Fsance. Ths creates, exaen.
diIufr ~ Egglapd during 'h- Nap,Isomc
wars, when even Ris.ia was stimulated by
her A-ldiee M eh-n lrrgr rf'rie. we're kppi
10 Spain and cnihe Continent. npve- reach
I'd one hundred ,nillions 81 pounds-l.4.
ihen five hurdfsa riion- of dollars. Eng
isud nar thirty six Thousand miliion- of pro-
pAfis n. atsxanl- bA~i- rraur. hus spr,s
'noprand millior- 'rup Uu,.i Stnr,. hnve
slxiesn thousand millions. With a-. ihsn
.tno iiiias " 'he ,axahlr rrOp~rv. nur pcu
pie psy Iaig~ig mere taxes Typ yrAr-
nave elapsed since NE wnr ceased T1a
reeulsr serrions--fwp sxfra ,ess.oa. q,
GpngFe-.--hayr been hela. HIS any schFm4
IL eeonrmy. has any r-dncNon ~ saxe-
been pfogo-sdl On su- contrary, ha- not
'he only scheme " tinance lpnk-d W ne a..
crease e ne inIerss, b~,nrg dsbi. onI ru
'hr increasr u expenditure by ~ incre -
u irleres'l
Inc public leb'. bearing in'errs' amounts
ia '~enty.'wn hnpdfed 'n'llion.: ne in,yrp-,
reaches one honafen nnd f,ry m,ih.o~. -.
Ahen the Republican party came ininpov
- 'he a-bt WAS oaiy e'glry millions. ~
five yesrs il h,- grown - much. ana 'his
notwithstanding ne vlS anunai revenue.
Fhorgh w prncipAi j. considerably lp--
'ha RnnuNl interest is considerably maxp
thnn ihs, N ,rsn' l,Ti,air; snd A. hi,hs \.
reafh nf k-nnblira. -tsfeznsnshi, ~
heea - prrpo-e M. conversion uf ereen
sarks. which pny no iatere-', mo bonds
siich pay inicrsri 10 gnld and hu. u 10
crease me number ~ ihasa who Al nni NJ
taxes. snd % increases ne bnrlhens 81 ,hoSs
wno ~.
The smoun, n nn'urirl debt hss hern
c-iima,rd u Ss0C,u0u 900. II !, -hatl bs
converted into bpnds ~ arvree. vim
amoun, n for'y.-iehi mii'irns III gud. and
this san viii b. ,daed 80 hr expenditures.
IN ihe mean'imc The number ii na,inaall
bon.s Viii b. increased. snd ihe Place WI
c'eenback- supplied BY bank currency.
Oa' Gpvrrnment psys higher ra,e o
interest than my ii Eurupe. Every dollar
os ~ indebtedness Y 10 BE maae - puy shai
rale; and 10 pfevi,ion wha,ey.r i made TO-
~ redemption
This process should cease instantly .--l
These ior,y-eirh, millions annually should
be saved The five i~en,ips shoaA b. paial
IN grreubacks nS ihey mature. IN - fa-t (. /
can be done ~llhou, too grert arrangement
ot the currency. Nearly four hnndred nil. \
lions of them sre deposited by ne banks ~
security for their circulation. These c,n :
redeemed without adding one dollar 10 the
currency. The interest on ties- bonds
amounts % twenty four millions u dollnr-
tnnualy. Add this sum 10 lie lnrry. eiph,
millions above spoken Of. and We have -ev.
'n'y Two millions III gold. Create ,dis n,o
sinking fund and you can pay ihe whole
'ebt 10 sixteen years. without adding dol.
AZ y your taxes. or increasing your circu- (
ntinr medium.
Bu, ne condition of the cnnni-y could
'esr an Increase in The currency. The rsy.
'ges IL war at The Souih--ihe destruction
II capitb there, the loss of honsss. horses.
'aille. agricultural implements, The scarcity
u provisions. the acknowledgements of ne (,
iegro. the importance Of setting the whole ,
'cruia'cn 70 labor AZ once create a d. 4
nand for more carrency. Every interes, f,
here Wonld be advanced ~ ira xtin,,,f.,..