The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-05-29

BA Mhs hAlNd AND MN. GLADSIONE-WlLL THE
POLICY OF THE UNITED STATES LEAD TO PROS
PERITYY
lSh & instant during debate on the English national
listed desire 70 do something sensational In the way
OF finance. l'Hear, hear and laughl Last year
ton of COAL an apprehension thar seemed TO have
U OF the USed States 81 as ysss %a pn Se &
ward conspicuously. He admired as much
war establishment of that country had been
more the spirit which made sucn reduction possible
Nothing could be more honora6le than the way 10
citizens. earning honest livelihood by peaceful pur
e u KEEP ssw pI sEs se9
own influence, as was too often The case in Southern
the House must be on its guard against false compar
sons IN the first place, America had adopted an IN
convertible currency, which was heavily depressed,
and nation could be said to be really paying
s csn dcos Il Tbe SgR Sy @ doubt or g
the customs To- was sysd N not s so IN, much With
OF pro ecLion Any proposals for reduction would be
North and East Iu financial questions they must
never Jump TOO hastily to conclusions. The saying
happy before death, applicable TO ali dnan-
eKpeTPens ia the United States YET The last S
that under this stimulus of inconverti
Se 20 aS S SS sei the S
e Thas raf S
industry were desertlng the United states. CLEAR.
its fertile soil its wealth. the energetic
into poVerty but vitai blows had certainly been struck
q: many branches 5 Of naonsi M Industry Take such
o. the foremost countries in the world in The art
IN nationaI But @ shi Building Rad BEEN 20
great extent driven away BY those high rates DID
them for the loss Of trade forming so material an
He thought not. (Hear, hear.) 1t was by no means
clear thai he policy by the uniSed States Of
Of the war would conduce to the nIti%ae PT9sPeTIty
rate taken by this country at the close Of the
Mr.. Giadstone-In answer to my honorable friend,
6 wO 50 se ha H q So s5s 70 ecf hui TINS
1t is the proposition of the Chancellor of the Exche
am not in any Intimate relations with him this
measure IL seems rather hard that the right honora
sensational merely because l have been so unfortu-
to America. 1 will not question how far my honora-
bic friend may be Justified in mpgting to me de;
the action which i took last year as a. Minister
not the most charitable lhear)- or the most compl
mentary in his supposltion. l shall 6y.and-by In
ances to justify these suppositions But nothing
OF the Exchequer a sensational desire to copy the
United States merely because said that the United
aS iionsi debt debt My Honorable friend understands the
he psope ssd he has Seore
that they have gone altogether abroad In their course
had abolished All those taxes and made no effort what
@ opon p Ste e are
him. [Hear, hear) There is presumption that, with
S s Of he states %oS a
are But when he says that there be inference
justifying us In citing The example Of the United
States because their deprecated currency he must
recollecJ that we began to pay Off national debt
with deprecated currency state or things which
existed long after the close of the (Hear hearl
Does my honorable friend mean the House TO
understand that customs duties are the prnct-
cpai source OF American revenueG He must Know
that the principal source OF American revenue Is au
inland revenue OF an elaborate, and admit, in
some cases, of most vexatous character But did
try with the object which my honorable friends
observations might lead the House to suppose. My
reference to America was TO show that great nation
was making present sacrifices for a future good.
(Hear, hearD But take my honorable friend 70
task altogether to his charge that this proposition
is sensational Certainly i'll were inclined TO excite
peoples PASSIONS should draw picture of widow
without boots trudging home through the mud, in
consequence of the taxes on locomotion, aud pro
proposition for the reduction of the national debt
CA laugh, and hear, bear) l confess that think
the sensational qualities, the powers of pro.
ducng sensation by painting and colorlng,
exhibited by my honorable friend In his speech
equal anything ever heard In this House, and are
far beyond anything ever aimed at or could succeed
In acquiring afer did aim at IL. (Renewed laughter
Sensation has reference to the present. the reduction
of the national debt to the future. My honorable
friends arguments go beyond his concl lSions. He
tells that are produ cling sensations we confer
though not the entire Will be felt only by those who
are 10 live in the distant future; but his arguments
go sganst doing anything to reduce the national
debt