The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-09-24

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- tevo 1865 49, NH
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ia advasce7 To -
beliious south caused tns oeos g a created,
but SaADsef = pea1 - 80 use oF ~
years must come almost enurey rom the
l mi Il ~
South can pay psfH Why mol AeH until ne
country mas recovered Ilom sne ssock ana
wssse g Wsr mas ~ snm oe.efaue pus
dowe tne leoeu0u nm zone - pss eno
may u pol justly leave tse Psyoens % part
OF the oeot 70 the nexH ms geuefanon
has to discharge . large State, county and
municipal indebtedaess gsovinG ont o. the
war, and within the next ven years viii have
TO pay not less than $4oo,oOO,uVV tor pen
aions and bount,es, besldes extraordinary ex'
senses for ludisn wars ana other cAnses.:
In ten years our population Will have Increased
ten millions, ard our taxable property nearly
double in value: In ten years tax twice In
amount can De Dorne easier imam the YAK o.
to day. Within ten years the Southern
States will be reconstructed, and IN the en-
ljoyment Of comparative prosperity. Within
ten years, and perhaps wfthah hve, tre IN
crease of populations, wealth and capital
1 will suabls the Hoyefnment to sell at par
bonds bearing much lower rate OF interest
than the present. and thus consolidate and
reduce the deb"
4 And he eiyes in concluding his views OF
- -. a,o
"o :.
"ononid the uosetnmens nho Nseu, atany
time, IN possession OF com or currency tna'
can pe eppiieu tolne feouc.'on OF ing uep,,
snouid' o. course, pe plomp.y aPpneui
out any auempt 70 pay .ne oohueo yep. 10
adrance, oy neavy axAuons OF oy nnaueg
the currency, VIA DC unnecessarily unwIse ana
injurious. $50.
woulu Pey-1ns-, promptly, &c
corning 10 me con'rae., Nouiu pay ph ou'
currency ana o'ner oohgatons US tney ma
surs, anu see 70 A. 'na. 'ns pop'ic ueos saoula
unaer no CIRCUMSTANCES % increased
~ooiu reduce tne ,a,e OF ,aAauoll 10 tne
lowest point ina. .ou'd oeHay ,ne expenses
oil the government, ecohoihieal'y aum'nis
tered, ana pay the interest ana maturing %
'ganons, ana ieaVe .ne princ'pai Of .hs
bonded DEBT 70 De dischargeo In oine ane
better tunes. !.
VINO ever neIore hesru OF nat'on, Wni,'
. sun exhausted from war, ano with WOUNDS
unheaied, attempting 70 pay on the war deot
Foreign nations may admire our ambition II
TINS respect, put wouid oespise our oiscre
ton. he national taxes can De reduced o.
the adoption OF the poiicy propose. and o.
the honest and faithful collection OF tha IN
ternaf revenue.
} "ln fifteen years, and possibly IN rive, thu
, differences in value between gold and green
backs will have ceased to exist, by sradua
return to specie payment, and the Question
Of the mode of payment OF the bonds
| whether in gold or greenbacks, will becom
/ unimportant. Specie payment can be reache,
without contracting the currency, by waiting
reasonable time, until successful recon
struction and the growth OF wealth and Blu
sness has brought the country upsto the ex
( lsting volume OF currency, without q inan
clsl convulsion. .s.e.tes