Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1867-06-13
Orr EYnnneinr Prospects.

The following alarming and truth,
full article reads littlo "copperish, i"
but as it is taken from loyal journal
(the New York Times,) it must be
accepted as gospel. Read it carefully
and learn from "a loyal source the sins
that doth so easily beset us:
We hear from Washington that the
Secretary of the Treasury expresses
the opinion very freely, that no fur
ther reduction of the pablo debt need
be expected at present; indeed, the
chances are that the debt will be in
creased within the next three months.
We fear we are approaching the
end of the agreeable delusion we have
been nursing in regard TO our debt
and taxes So much has been said OF
the cxhaustless resou,kss of our coun-
try-our people have snbmittedsso
gracefully to the taxes imposed upon
them, and the actual reduction of the
debt from month TO month has been
so considerable, that we began to look
upon the whole thing as bagatele.
1t has been assumed that the debt
was to be paid within twenty or thir-
ty years at furthest, and that, too
without special effort or special hard.
ship in any quarter All this was
possible only when business in every
department was fOurishing, ng,-while
labor was abundant and well reward.
cd,-while everybody was getting
rich, and could afford TO pay heavy
taxes.
All this begins already to be revers-
ed. The tide is turning. Business is
dull-priccs are so exhorbitant that
labor, which command enormous wa.
ges, can scarcely earn a living, the
profits of all branches Of industry
have fallen off, and everybody begins
to feel comparatively poor Evidences
of this are seen in every direction
There is nothing like the expenditure
among business men, or in society
and private life, that was witnessed a
year ago. The Park is no longer
crowded with snowy equipages. Cost
ly dinners, extravagant displays oi
wealth at evening parties, lavish ex
penditures for luxury in dress nc
longer characterize our fashionable
circles. All this is apparent and in
dicates unmistakably a very different
state OF things from what has existed
hitherto since the war. Men M
longer look upon taxation as a trihe
They feel it as a burden, growing
heavier and heavier, instead of light
er, every day. The return of incomes
in this city will not be oHe-hdB wha
it was last year; and the same thing
is said to be true throughout thu
country.
The action of Congress at the las
session tended TO make things worse
1t was utterly impossible to get thu
attention of the majority to the finan
ces as subject of paramount import
ance Political projects absorbed thei
attention. Nearly half the aggregate
income tax was deliberately throw
away. Instead of aiding and foster
ing Southern industry, so as to aug
ment Southern ability to pay its shar,
of taxation, everything done tended
TO depress and crush IT, Not dolla
of aid was given to repair the Missis
sippi levees, though that measur
alone would have yielded million
through the sugar tax. The cultur
of cotton was taxed. Capital in th,
South was loaded with exactions an,
disabilities which il was utterly una
BILE TO bear. The lessons of expert
enee and common sense were deliber
ately sacrificed, in every direction. 4
political passion or personal interest
The adjustment of duties on foreigl
imports was made in utter disregart
of its relations to the revenue, an,
became venal and disgraccful scram
BILE among special interests for gov
ernmont favor and protection.
All these acts are just now begin
: ming to bear their natural fruits. Th
revenue is falling off heavily; pro
gress in redceming the public deb
must be suspended, taxation begin
to be felt by all classes as heav,
burden-and there is every prospec
that all these evils will grow wors
and worse, instead of being relievcl
and removed. Enormous claims, sti
unliquidated, remain to be added {
7 the aggregate of the public debt, an
} there is at least an even chance tina
} the taxation of the industry of th
| country must be increased rathe
. than diminished, to meet the exat
) tions of the impending future.
These things prove the absolut
+ necessity of greater economy in th
management Of our finances, an
, greater wisdom in the adoption {
, plans for developing our resource
r and alleviating the burden of taxi
ton. Whether we may roasonabl
. hope for these aids is a matter
= doubt; hut it is very certain tbs
; without them, the country will plung
deeper and deeper into trouble an
! confusion.
The New York World says tbs
D prominent among Wilson's toadiC
. when he was in New Orleans, wei
G Sheridan's military Mayor Heath an
!, an ancien. nogro named Jordan. The
e rode through the streets together in
}. barouche, Heath being on one side
| -. n.i.... n -. Al. -,