Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-05-31

Doepstulsy - me- lnsoeuueon, oepeoo - - ORoe-
tive nsasasss mastsinsA By ~ Dsnssssos H4eg.
~ inviss n who celsciAs M - y ssaansse $3.50
- iwso ouAssShs sussoy esDosn1tooo - ~
Nay sauS1N - - sssses1sn = 1asosGS.
~ esdsf u - Dsnecsstic 0Ass Osgsel 0snoit
-. in RLwOOD. CsAnsAs.
The harden - Toxa1lon.
The people are getting FESTIVE under the
enormous taxation which::is exhaustins he
fruits Of their labor. .TaEaAlon, no 0aetss
how comparatively light. 10 always burden
some. but Il 10 especially % now. vhss il y
about sixlold more than before the iosugurs
alton Of Republican o. Rsdical aduinis>
tration Of the Government. Under the ad>
ministrations Of the 0evssnment pssvisos
to tho war, tho annual expresses we're abou /
s.vsnsy -ssvsn niIlieas II dollara q q 30
pr capita, but In 1855, in time Of peace,
Che cost of fuaniag:ths tQovssnmset Wa
about i've hsndssd end twenty aIllious Of
doilars. Or elb pr cepiss. AID. vhils tax !
stiou has bssn enormously Increased, The
eonpsnsaeioa sflaboe bas dlmisishsd, end
The bssiasas Interests II The seusesy esass~
ally ere pasalysed, OWING sosshs cssdisisn
Of ths oatisnal Hsanese and ths saAieaal
policy Of The 0evssnmsnt. This ceodi>iea
Of Affairs = exciting thought and diseuasiss
10 regard 20 . remedy fes The existing evils.
4 writer = ths Nsw Yea 1ttDssse. Ne 9th.
- day suRssslsd several ssmsdiss, whish
the editor Of shss psiss regarded q a.ouss.
Ing TO virtual sspudiation. One Of thsa
was The Constitution pfs cissulAtiqg -
diem 10 The bonds n Ohs 0UtaoosnA ~
effect Of which, would b 70 stop ~ pay
meat, Of about one bundled and eighty
millions os interest annually and III ssnss.
d difsssea Of the blessings Of ssAiouat
debt. BY this plss, II 10 urged. shs pabtie
debt would b. gradually absorbsd By shs
revenues efths 0ovesnmsss, and The na@
tional Industry wsuid ssesive ~ ~ bsosl
nss Which are claimed .should follow q g.
dsndsas essseaey. Taxatsoo 10 now II.
ss.sssd ey:.hsvasgs sssep::..as = psop.r.t
IRON n11Aec.. n he shAps u Govern,
meat bonds. This policy 10 regarded BY al
but the bondholdess ~ being unjust and dss.
Eimentailt ~ che public interests. A change
from an interest paying to . non interest
paying debt, would undoubtedly largely in>
crease THE taxablss Of ihc.nation, and thus
generally diffuss tho burdens Of taxation.
To show the.draft Of public sentiment n
this regard, ws quote the..rcsolutions which
were adapted At = meeting. reputable in
numbers and character, which was held in
Parkersbusg. West Virginia. on the 27th Of
last month";:
wnsRsAs. Our Government, in passing
through the late terrible conflict with Q Dor :
ton Of its people who sssisted ito authority,
found il necessary TO extend lis credit bs- |
yond the capacity Of the couulry immediate
iy to pay, and 70 prevent fatal accumula~
ton OF . circulating medium to issue its
bonds with extraordinary interest, and With
privileges not enjoyed BY thoss iu The on
binary business Of life; and ....
WssssAs, Said bonds we're ed By The
Government uudsf IN ia9aGed cuessucy at
much less than their value in : normal On.
dition. thus doubling there value 70 the
holders and
wnsssAs, The war nov being closea
and che confidence Of the people 10 the cas
pacity Of tho Geyseumsnt r. sustain i,eelf
a alsd ,HAaslmaktsiy pay lie indebtsdssss being
fully established, No hold that the corroncy
Issued by our Government 10 che best end
most reliable Of any that We hare ever had
or can have 4; and 4
WRxREAs, The time 10 now come when
the Government should seek 70 establish
the atrictsst economy IN all her sxpsasss.
and TO 40 manage hcs affairs a. to equaliss
among tho people the heavy burden VI tax>
alton necessary 10 The payment Of the ex
penses entailed by che war and the interest
Of our public debt be Il therefore
Resolred. That wc, the citizens Of West
Virginia, feelings alike what q due 70 our
people and the honor and integrity Of eur
Government, do hereby secommead .
change Of policy In the Treasury Depart
nent and the sstablishlnent - . poemauout
systsm ths Of issue Of circulating medium
BY tho Goyerdment, and calling in, a. far
as practicable, Of oil intsssst paying bonds
that were issued during the var In exchaoes
for said non-intsssse poyinG iosus.
Resolstd, That We regard the cireum.
stanoes - such - to justify NE demand
that those bonds shall b rssUyns7tS fks Oov. ,,
sr"s"ess. on tho holder ssesivirg bills n he
onsOunf thereof. ,4',.
Resoised. That our Senaeop end Repee-
ssneatives 10 Congress - sdaso 66oSSS ..
questsd 70 ~ thsis, lufuonss - Vooes on
ell occasions 70 prsvsat the Ssesetasy ri the
Trsssusy from ocntsacsfne he curre6ey. and
vote tn oil casea for the s1ssnoion yhStSoe
This may b. regarded - q insueusatiea
Of tAs policy Of rspudistios, but ~ sss e
ssssd By respectable sushosity that tie eon-
tiassssy sfrspSelsssos - ssAsey foe shs
existing financial tresh,es 70 ~ sxsluded
fsea tAs banAias nisd. NJ. Giobenavhe
be- vsit1sns vsluas - ~ naIienel deht.
says ssesdiatise Il met - inesusfsls shss
- ass nes jssh6sd = tlsaAsse n vitA -,
tsapAs - 10 \ GIsgVs IN lsaulseie. n.
ea1aGAl - !oslDnt tatu4 nanusa~ n, L
may b ~ daaese sfsUnlulA - sepsaIoties Z
E;elsh he bus6sue y nnsiea, vi Il
sSsp ossdbil1 ~ : es.Gia- Il
ss..s.a 1.s,se 60 ll1 ~ ~atlsusls
Dhivsnn oo1110nu - 80,
fshe iesoses r O. nspsAsi.
FarnlG pcai1 A X Is ~
NC mind should - sdseaasd up = IL psns +
that csrascatiou Of privaes psspssey, vAseA
% nethine more thanstsalise, y juslinabh.
Why may cot the sans psineipls, I'D with
equal jasaics. bs applied 70 Tie coaascaiien I
Of the pnblie debt : When Tie rights Of I
property cease . b respected in oss ~ |:
stance ths dsnonlisatien 81 Of vhich To
establishment Of such . pganslpls crises wll !
not Distinguish bsswesa iha iasislahil1 Of q
one kind Of property more Shas anotlw.
The county % notified theoseh the Trsas- }.
"sy Department that, Notwithstanding ths I
snos'asss tasa1isn. H. Q1st6NflD and .
Tho Legislation Of the lest Congress Win ins
cssass The public dsbt, and ii sviaSS IA 70 q
he public bufasna laseDsaSelos rieoe,u 3
IssssasAnsst which ~ psbHe asesssielss {
lsoasd ed ehsdA yuklic policy sseuir~a
Io1lsA no1sA E6sASss soi@ana - 81 =
zsWesei t>AnA sfsNsiannki 49, :
~ ssaihAer1aVee ih0n1a1eslseis>| >
aee4 jug4 oG4 1noqo>e1ho 49, - ~ D