New-York tribune., 1868-09-10

a
bonds bearing no Interest for the hvetweny
bonds thus deflaung creditors without paying our
ourselves Of the privilege of real payment aid has kept
rate Of interest very high; but let ms keep f
i'm the nation and not give up the idea OF paying the debt
within twenty or thirty years.
We have paid ssOOo06OO Of debt IN the last three
anty latter paid consequence of the dishonest pur
poses OF the Democratic party One Republican mem
how many more have been will he rejected by their
constituents solely because they were weak enough to be
THE REVENUE LAWS.
We have collected this billion Of dollars under tax and
tariff laws whose justification Ia IN the revenue they nave
ed9d JnugSe HOh u hi ~ | deTsd 1 Se TO
make the burden Of taxation much thant
need be- The Internal Revenue law has been revised
and made mple the tariff needs vet more to he simpli
fed in order that much more revenue may be de-
rived IT, with less injury to the people who pay the
tax imposed by the tariff via the consumers oi foreign
IT, then under all these difficulties we have in three
wears pad Oneauarter OF our debt shall take go 40
even 80 years to pay the other threequarersi Let MS
children burden we can so easily remove. We have
groaned heavy taxation but had we not paid war
debt and war interes-had we borrowed instead OF pay
ing-our debt would now be over $3.SoO,OOO0OO.
. REDUCTION OF TAXES.
We have reduced our taxes sGlOO0gOO per annun ara
when George H. Pendleon alleges that the taxes now
amount to %0O0O0COO year, he wlfuY asserts Nhat no
knows 10 no false We may well repeat the pertinent
question put believe by the Hon william WnmnE
fhat we ma be nnaie to Obtain the means 10 nut down
the rebellion which they propose To lnaugurate =
But what Is important we have reduced expenses
yetm0Te
For III, year ending Jun, 30 1865 the expenses Of the
P S So Is Is N ls,a the tatir. eIoepss. Of
the Army proper, eSrniing bouutes State clams, aud
otier egacies Of the S6l3o9
The expenses the Navy Department for the year ending
June 30 1902 1 75 0o
Year endag June 5 IeS o 0S
h'' we c % cSarged bv Mr. Pcndcton with heavy decency
bills, but reply that they are rendered necessary ny
the frauds Of the honorable Democrats Oh the WHISKY
STRENGTH OF THE COUNTRY.
We have ceased the rapid reduction OF debit and our
the present rate per head Of less Than $ entire dept.
with interest calculated at six per cent TOT me heAi nye
ance ordinary expenses far greater than we are now
payng- say, making all these aiowahces me iate OF
ended Why, gentlemen, we do not realize our power
we do not begin TO know strength we arc scared by
years what we can easily do in TO- We do not need 70
Issue long loan 10 obtain low rate OF interest Cahaua
M Ave uer cent and the whole amount was taken on 70
years by Rothschlls. at 1O5s The Finance Minister
Of Canada expects 10 place sloOOOOO more on SUN DoIIer
WHY INTEREST rs HIGH
All we nav above four cent interest IL the guaranty
charged ms by capitalists because we indulge ourselves
in the luxury Of Dem0crac party leaders Ike PendetOn
Seymour Hampton, Forrest, ana the ike .
have said that don't know our strength-let us Try
realize It by glance at some OF the elements OF our
wmEgg STRENGTH COMES FROM.
First: Immigraon since me termination OF the war:
y
foreign countries have sought permanent home IN the
United States. These immigrants arc known 10 bring
amount so per head, while their value 10 the
country producers tand it is from production alone
than the average value OF ablehoded laborer in the
South prior 20 the war VIZ: 5000 per capita lmmgra
ti0n. therefore. since the var mas added S3OO0O o.
rrctly. and $9O00ooOOO indirectly, TO the wealth ana
resources OF the country.
Aud here let me point out an effect of the Pacific Ra
road upon future immigration. believe the force OF
Chinese hbOTers who now constructing the Pacific
host who Will establish new central hOwery Kingdom
upon the dry PLAINS between the Sierra Nevada aud the
by CATION In which method the Chinese are the most
expert people In the world. But stl further and more
cultivate cotton. believe the Chinese will perform the
work more chcapy and that they will settle upon the
20 the OF only half ~ per OF their
,ha cninaman perfectly adapted. He Is temperate and
iga nnd MS persistent industry IA exactly htIcd 70 the
cotton.
INDUSTRY GRowING.
Second: Here et ne again quote the language on Mt
Wells. have his gh authority for the statement
"snce the termination Of the war more IRON furnaces
rolled more steel made, more coal mned. more lumber
saved nnd hsmed more ves,eJs r nnt upon our 49 or
different kinds started, more cotton spun Nl N"Ncn'
Sy sSs period &c Gtosg" f ~" la cey either bo
fore, duIlng or since the war"
RAILROADS EXTENDING.
Third We may say that during the war, sOon after
s commencement the railroad system Of the North was
made unit by the completion OF various connections
and il will never be known how much this added %
war power B1t WI AGAIN quote Mr Wells; he says
railroad have been constructed aud opened FOR in the
United states to say nothing Of the lines IN the southern
States which have been restored and reOpencd."
Gentlemen. when you hear Ms who are business men
complaining of duncss and sngnatoD please refer to
tho tables of the comparative receipts OF several OF the
great railroads which given week by week In The
Tuancg{ CbrOEes and when YOU see how they increase
year 10y year, although rates are lower ask who
changes all these commodities on which the freight Is
paid and then consider whether the OF paper money
IN no lIIN - a n.
change, or TO become traders rather than producers.
ACRCuLTURE MORE PRODUCTIVE.
Fourth: The agricultural products Of the United States
have steadily increased both in quantity aud value since
the termination Of tie war aud the product of ogricul
urc increased quantity all through the war. We
rapidly restoring the number or animals, both horses
ard cattle to their norual proportion 1t may DO that
this year the crop OF grain Will be in full proportion TO
what would have been mad there been no unnatural or
forced stimulus TO manufactures by which labor has
been diverted from agriculture.
THE soUTHhRN STATES.
s alleged that tie Reconstruction plan OF Congress has
been failure Let test 10 by economic results IL Is
sii.grd thot the south has been ground down under
military despotism that there has been labor that
could be relied upon aud lastly that they nave had no
capital. The last allegation we VIII admit, because We
know that tendency 0f Northern capital 20 the south
has been checked by it insecurity. The crops Of this
year therefore free from mortgage for no one would
trust planter this last Spring.
Now what IS The result II the South has had
neous production Of nature and they have
First An annual supply 0f food Tor the consumption OF
the whole population, say l0,0OO00O To l2.000000.
Second crop Of cotton which promises TO equal 10
that OF last year. which has been proved by the
investigation OF our Cotton Manufacturers Association
have been nearly quite 3OOOOOO bales, much
than the c0mplers OF the commercial tables VIII admit,
and than threehiths tho largest crop raised
before.
Third crop OF rice which lhs Charleston Daily News
VIII prove sufficient 10 drive all imported rice cut
OF the home market during the coming year.
Fourth: Fifty % 10000 terces OF sugar.
FiGh crop 0f tobacco large as To make IL one OF
our main dependencies an article 10 be taxed.
THEY ARE RICH ALREADY.
In short the South has saable surplus OF the aggre
~ In. nj all
their harvest OF food II trust the evidence OF
their Democratic leaders, tAe spontaneous product OF
nature What may not be the result when Gen. Grant Is