The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-07-03

|1aIxsla~sslk t8zs11 qbyaNA ~ Gent.
.s ;!.s:.s j os3 aa:Issi 3 SO snouat q
cu,r.ncy. Business will be strengthened, N
dustrs will be encouraged. prices will be rec
u!ar. Md men will then dare TO 20 With ute
fal enterprises. We end fright here the caasa
Of our troubles, perplsxities aud national de
grace. Our crsdi, il iainiad; But for that
We could borrow m0uey % Britain doee.; o
Fth, e per cent, and cut down taxstion. but
fol that our paper money would be good, and
epid su.i ,,lver would glitter in the hands o.
labor. lsu, for that fact there would be pt
au..i;n,, how the bonds are 10 De paid, and
n : + !: wi ~ B3lH|l En-; /.
~ ~nald ~ ~ lid - seente.
and irsra which now d,s'utb the public mind
wtrdld not exisf.
rA1.TaOH Or GOvKRxNGkT BOND,
hr Blaine, il recent speech in Congress
pr~sa.,ls some facsa which 60 to show that the
tax ,tion ii United Riates Bonds. if even e.
gal aid practicable, will bring far less
sn Gun, than IL generally supposed, and will
work AN onerous Discrimination sgainat oar
|pvnr citize a sad 10 astavof Of 1sssian bond
/ k,la.,a 80 gssEsxs4 Ell 1885, IF
Ins total amount Of six per cent. bonds
pre rosed 10 be taxed j. nineteen hundred
millions az dollars. OF this sum six hundred
and dry MILLIONS are held in Europe, and cas-
no, be reached b. .loss! tsystion. There i
then, twelve hundred and 6fty millions leh.
But o.. this amount four hundred and twenty
Eve millions sse. held b the National Banks,
and sre already taxed, both By the general
Government and the State government, q
vel! "a ~ @ a,i-S AN iii;ss. Dscre heavily
thar 81, .olhsr apseisG n plopeft BsSids'
~ sb5.. sss;ass Rapks of The country have
one l...dred and seren,y-ire millions Of dol
lars. which are taxed in full proportion With
other property. Then again there are the
fusnraece Companies, and other institutions
which hold, 10 the aggregate, one hundred
and Iitty .nhSunfHns u Mica al Of which
il snli-cl 10 taxation snd il actually taxed,
and Yields more revenue 4han any other ape
Gle. ii property Of like value.
Making all these deductions there are but
fou, hundred and n;nety-fye millions Of six
per cett. gpid bearing IHssvsss- v.,yyssr vssurn
reari. If taxation that are uutaxsd; ss1stA
anou,.. IS constantly dadiniskiag, from The
fact sba.s=ahso DxnAe. Ihsas6ecs, aud other
corr. vssssynAsu Investing IN them, absorb
ing item, sId ,rendsring them liable to TAXA.
ton. ~
Hence, Instead Of many b,illions Of dsihrs
oYbnndsr II are fUUssI bdt mish, ebe taxed, il
il fsndd t1ss& after desisesisg The amount beld
in foreign oeuatri@sx which cannot be reached
By our locaitsx ssiherers .snd ,he amount hold
BY B inks aud Other corporatioast ahieif ~
alrc. i, hcssily taxed, there m lift 7sdy
from ~ hun1ired to- ~ hnn1red thonsAsd
10 be a,hiHsi ,oa Be NJ iise; asder sny coutin.
gener And Of ,sess ssny held By individ.
u.l4se ls. s i .s y i. nd e'ah TAX
alton. NA8tt44 3
He conclu.ies the subject % foliows. gsca
Blu will be asked .sRh3 don't you t@x
the .sis by pasioaai aa:kssi45s Granted
it will be urged that the rowsezsf h6a3 SAxA-
ton would be nugatory Al1A AlpalAes, Thea
affords all the stronger FsAs0a for taxing the
bond BY direct Congressional Ua6es6beEts''
In IN ~ re- Ellis fst1se Unly 70, say that )
tax levied 4,recAysnpen, the coupon il simply
40 abatement Of interest, and theg Ha1Ak 2an
BE- reached in better an6 more setisfsekosy
apd more honorable ~ac. Tbs liberalization
manifested by this Congress and hy1k4gbJG,
Repub' csn consensiUE ~ chicago 70 main
tain he pa,ional faith las already workel y
large appreciation in the value of The bon t.,
and with the strengthening of our credit.
which results from I'll honest and high toned
policy. we xiil speedily be able to fusd our
debt OH a lower scale OF intefeat. running
down 10 i've four 1M0 IshIff, ma ulti naiely
TO -four pr cent. per annum. Should ~e pro
coed, however, 10 violation OF good ,Ailh and
OF the uniioria practice Of civilized nations.
70 hold back par, Of the stipulated Interest
instead Of eifecting m honorsb BILE exchange Of
oSDS 7 II sa :essas q H. ss,
vEssss.. bun IlsSsp II Inca cslAnk.sos lssuiss
in the hnsiness world, and permanently lnjure
onr national fame.
To withhold one per cent. Of the interest
under the plea Of na,ion.l tax this year
might be fol. osed BY ~ithholding t~o per
cent. Is. <. YEAR, and three per cent the yenr
vleNH SstYs Hs,ss fVIsAey *
ptod0 e Atarri. a mbrle and Mide- epr~Ad dts
iithit Hfosd ;'fdf s.Srf ib1n kbtd}nx bond
~o1td haze IL count hiA. rate Of ipierest not
% Rh,a y.A .AnpAiAted ~ theseoptraks. but
e. ~ 4; ia,'tsl 10 ths wv, ss,a csps'e- Of
= - -" -. ~,'a ~ n,s:. -. =
-. I,uderI sueh 8 volicy OR bonds would
b. return I upoe % I. On Europe With psnics
W. 3, = 'dily. snd tne drein upon oar speelee
7. II, IN. s ss Il ,oSs,afi c,rsi.s Il even
SnS- hl1f ! III hohdt ksid ip Europe were sad.
dsply seal hon Moola .dsAa ~ O. iwV
saa a ~ y X ass. .s m N
h,eed,h az 49, 49, xvrs.las he bHynnd che
mover of Calculation or imaeinst.na. Ard
y. y. i he pleci result involved, i We
snoso - Qsssae paey. = a'c.aes L, . 100
80 -. = - ~ ~ -. sa,..sss - -
risee .sch cow Nm ana sdA%re,o che aready,
sstAasea forwstg tdufse fctassd silks By good
coisT rig sp,d is1tn; And et S gs never ios
~. * s, 3 &. 4. It'll, ~ 4, sm;n;. -