Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-04-09

1epevseA - SriSisk n.
r.. an.oeial condition Of Eagland ahsuld |
!. !. vsrnipg 70 the public msn Of our swn |
country. rive follow her financial policy,
:. our Radical legislators seem disposed 70
do. the same evils sill be fastened upon 10
that SOW curse that country. There is moths
ing that weighs 30 heavily vpon the pros
psri.y and progress Of nation - heavy
taxation. II the burden Of the English
debt threatens to destroy that nation, ~
some Of her most eminent statesman fear,
what can We expect but similar embarrass-
ments If our debt should be funded in forty
year bonds - proposed, and nothing 10 done
towards il dimunitioof We ssmnsa6 the
following sdairaols suggestion upon the
sueDssA vhish ws espy fssm ~ New York
Aeuli, - ~ careful asesntiso Of all whs
have the true interests Of the country q
heart. We must hsvs casnes u The
Management f oar public affairs change
10 both men an1 Policy. o. slss To p'ossns
6n0siGa kosblss u The cesntsys ~ The
onstous burdens which they occasion. viii
b. ssutmssd. Says sbs Hsrssd:
It 10 stated By the prsss cable tslegrau
| from Europe. yesterday. that the rsvonue
returns Of Great Britain for the past quar-
ter show deficiency Of i've millions ster-
ling. The statement % not explicit enough
TO show whether this 10 . positive falling
| of frem the amount Of revenue for the cor
responding PERIOD last year, Or If il be oaly
deficiency arising from certain changes
or incomplete returns which may be made
up in the succeeding quarters Of the fiscal
year. If IL should be positive de6ciency
% compared With the revenue Of the CORE
spending quarter last ysar, and that il
arises from general causes which may oper-
ate through the remaining three quarters Of
the year, the British Government will End
itself in very embafrasine conditiDn; for
its income would b redscs6 more than ono-
fourth. But whatever may be the cause, or
however may or may not DO made up BY the
returns hereafter, il Is certain that Great
Britain has reached the limit Of taxation o.
iAr - the people are Able 70 bear It. The
income tax was declared BY Sir Robert
Peel, whsn b intseducsd il, y beA tempo
rary measnrs, and that Il would be removed
After few years; but the Government has
found it impossible to make both ends meet
without it. The Government has bsss
compelled, too, 70 add : special direct tsx
for the Abyss,nisn wAf, 90 - not to 10
y crssss the burden d Tho debt hereafter, &C.,
ing that with al the productive power ol
the country the people cannot bear an I'D.
ditional weight oftaxation. Indeed, - Mr.
Gladstone remarked some time ego, The
burden Of the Debt threatens to destroy thu
nstisn, and will ssaDes &hs msss Of the pop
T ulatiea to absolute And hopslsss paupsrisir
unless soos mesns cen b devised 10 iiqsi
, ate it. The condition Of England should b,
a warning to us. Instead Of following thai
/ country in ito ruinous financial policy, "
J many Of our short sighted and ignorant
public men are disposed 70 do, We shoul(
, csrsfully avoid these erross which have fac
4 tsosd On enormous debt upon the people
!. and reduced then slfsady 10 state Of fright
! ful paspssiso. Our national debt 10 hsavis
: than that Of 1ngland, reckoning the differ
|. sncs Of interest, and unless Ne 60 to VOL
earnestly to pay II Oh, shis republic will siul
8 iato the same abyss Of general poverty
! while wealth may accumulate In the hand
: Of . few. Let 40 be warned in time, ant
let Congress. instead Of legislating to re
ducs the revenue for the benefit of the man
: ufscturers and other monopolists, provid,
suGRcient means for . constant and yearly
reelection cf the debt.