The south-western. [volume] (Shreveport, La.) 1852-1870, 1868-12-16

ncFabte ~ Increase ot taxes already too onerons and
III many respects obnoxious account Of theirinqiis
itfal character. OEe hundred million dollars
ally expended for the military force large portion
OF which are employed in tie execution of laws both
unnecessary and u4eonstItntiohal. One hundred and
hy million doll required each wear pay the
interest of the public den army Of tax sataers
mpovcFI>hes the naton, aud public agents placed bY
by Congress beyond the control Of the Executive
divert from tIer legitimate purposes large sums OF
money which they collect from the people in the uame
81 the Government Jahicinns legislation and prudent
ecouomY can Only remedy defects and avert the e, il
which, II Suffered to exist, bat lail to diminish
c@ildaee iii the people toward their political iisttu-
tO,s. ..-
Without proper care, the small balance which it is
estimated viii remain in the treasury at the close of
the present fiscal year. will be realised and ,ddi-
iaha thf ions viii be added to debt which is now
cnnh"rlt! hy billions It is shown hv the able and
e@nIcLe iSve report OF the = Of the Trea~tfry
that the receipts tor the fiscal year, cn!itg nr 3Orh
lists, were i05 6#S 83 and the eApe iturrs lor the
period Ss77 $40 ISL leaving in the Treas
uir Surplus Of s. 81 79S Il is estimated til the re-
d"tps during The present fiscal year, ending June 3Utll
lSG9, will be S34l ,392 S6S, and the expenditures
:336, l521IO showing small brlalce Of $5io, ,39S in
avur oi the government. Eor the fiscal year ending
June 10Th, 1870 il Is estimated that tie receipts Ill
arun't to S347 100000 and the expenditures to
303bUoO Ojo leaving an estimated surplus of $40 OOJ
IL becomes proper III this connection to make ii
brl't references to public inlet}edness which has
accumulated with such alarming rapidty and assumed
such colossal proportions. In 1882 when the Govern
ment commenced operations uader the Federal Com
Suon it WIS bIrelIed Aif all nt,.br,lurss of S75
900 0UO created daring the war Of the revolution.
htS amount tiad been reduced to Sl5 900 100, hen
in 1872 war was declared against Great Britain. The
'hre" Years struggle that followed largely increased
1he natIDna! ot2atipnS and III 1916 they had attain
Cd the sum Of Sl27 7,D.0tOJ Wise aud economical
legislation, however, enabled the Government to pay
tle entire amount within period OF twenty years
and the extinguIshmen Of the national debt flied the
band With r'iocing and of the great events
IF President Jfckson's administration. Alter its re
Iernptou, large fund r,innintd in the Trrasury
" cn was deposited Tor SAT-, keeping with the srv,r
SHtes On condition that it should be returned when
?, quired hy the public In lS49 the ve1r after
the termination Of an cxgp,l>iyc war with Mryr;o we
fouud ourselves ipvolyed in ID debt of $64 $50 90
aud this was the amount owed by the Government in
1850, iuSt prior to Tie outbreak of the rebellion
In the S)ring OF 1861 our civil var cUu}nruced Each
# It's continuance made an encrnous addition to
the pubiic debt and when in tie sprng Of 1865 the
nation successfully emerged from the couilic the OBJ
legations OF the tioyerne had reached the immense
SUM of s. ST., ,gQ4 9O4 The Secretary Of the Vrpns
AIRY shows that on the It day Ui November 1867 tis
atnoant had been reduced 10 81 49l 5 a 45O bat at
the time his report exhibits an increase during
hr past year OF SD 25 lU2 for the debt on the St
day OF November last was stated to have been -
81 ,l25,392 il Is estimated by the Secretary that
e rFtt1l> lor the past mnntl viii add to llabi
lies the luIiher SUM OF 81 ,OhO0 making total in
crease during thtreen months OF S46 5oH,00o. In my
message to Congress December 4th lSG5 it sug-
ge>Itd that policy Should he devised which, without
oel oppressive 10 the people, would at once begin
TO effect reduction OF the debt aud If persisted IN,
lSchi &c 1t iAIIy III dehnlte number OF years. The
>1ctet"iy o Tie Treasury fofetby recommends legis
Ao I'll TINS ciAIacter ad justly urges that the longer
II + d'iV'feu tle more dhcht must become lis accom-
Pl>''' ~. we Sh"Ht 1910" tile wise fFccFdens eS
L'"lS''''i III /! ara 1876 and Without fH:ther de-
N' 'Ne PROVISION iot tie PAYNE IL ol eur obligations
" ~ ~ le.o4 -2 NAV 3s LI&eLlCloie IAeIflltS
,,'l ~, ;i1 ~ " = ~ ~ '0' ',''Aetl7' iat.ie'
~, ~ I 't i ''-'i ",,',- , ''o'!e' 0''po''Ta
; ,l , 80 ~ ~ -" ~ rS'' - az
.s7,i n,tn ~, C,,, ~ " s' s"s' az
',n,, , I.1"s'; ~ e'o'','' i>os''G
4 , 1r' - op' ''''1
Co. - ;t = ~. =. -. - - -, ~ - - " :: = ss suns
,ItV'. ','' ''%t 9.'" "e"' y u ne
f0 '' " ~ w a. ''' 'i'''9 "tS'" ie, a. III
''Nt"7 A"1'o" 700 i'e4' 10 DC 'oThe ana sAe pay
""'s ~ every StA'te" years. DIT te pieSeI Fate
~ ~ i'o'Vr', VI "h amount tqai 10 me original sum
~, vast Vt '' e''h'1'eu ID Ptcoi' permanent "hd
va '', ''''S' '''"'"""S ne SH'"efeu h'o the
~" co''w ''l'7 P'"'r Ill ''e i'ii"S o. 'ie no'trn-
ii0 "o'' ''"e'H "'"'u "'co'lt servants 10 t'e
: ''e '0'i"'ts vac masters u ''e Pe"'i we
',N P''"I our serves upon "".'Ae gwen 10 f"oo,Oo0
- ' N'' '"tC ''"''i 1t =" III I'ie 'e oHi aiahie