The Hickman courier., 1868-08-01

n eral OF our army, attempts similar usul
IN patton, which the Democratic party OF
D. poses, as inimical to the whole system
as Republican government, and it prepos.
IN safe and simple means BY which il ma
v be averted ! read from their declaratio
Il Of principles: =
l. .Immediate restoration Of all th
s. States 70 their rights in the Union, ur
le der the Constitution, and of civil COS
" eminent to the American people.
Ie - Amnesty for all past political Of
,f fenses. and the regulation Of the electiv
franchise in the States by their citizens
Is coRRUPTIes AND ExTRAyAGAscE o
n THK REPUBLICAN, PARTY. =.
The Republican party Is the party Q
usurpaiioD. 1t is also the party Of cor
. ruption. Read the report Of the Com
z missioner of Revenue- Count the mum
e Der of clerks who are seeking in ssin Z
! discover the amount Of speculation 4
!, the Treasury Department. Go TO tn
War Department aud see the Iuptiiatc,
itheTe. 4 applause AZ IL tne party o.
extrayagauee-the war party ended an
4 May. 1865. N
/ During the three years, from July 1,
1865, to July /, 1868, the expenditure
of the Federal government independent
of interest on the public debt, was eight
hundred and twenty millions Of dollars
These were years of peace. The army
and navy of the war had been reduced );
their back pay had already been made
up to them; immense sales of govern
ment property. consequent upon the close
of the war, had been made, and yet in
these three years the Republican adr
ministration expended eight hundred
and twenty millions of dollars-two hun
hred and seventy millions Of dollars
year.
CONTRAST WITH DEMOCRATIC ADMINS
TRArIoss. elia
/ The whole expense Of the government
Of the United States for four years pre-
C, ding the war was two hundred and IF
y-six millions Of dollars. These eight
hundred aud twenty millions do not in
clude the interest upon the public bebtss
If this be added, the expenditure of
each one of these three years will
amount to at least four hundred and
thirty million.of dollars The taxation
of the gear 1866 amounted to Eve hun
dred and ninety millions of dollars. The
taxation of the last year of Mr. Buch-
anan's administration amounted 10 eighty
millions of dollars. The expenses Of
the War Department during the whole
OF Mr.. Folks administration, including
the Mexican war, were $50, SAC, 900; the
expenses of the War Department for
1868 were s12S, $4,000. In one year
Of Republican administration, in time
of peace. the War Department spent
5000, 900 more than four years Dem
ocratic administration did in time Of
war. Applause.] The Navy Depart
ment for four years, before the war, cost
| S62, 100000 Then our commerce was
prosperous, our ships sailed on every sea
aud landed in every harbor. Today We
have no commerce, q foreign flag covers
all the trade TO our seaports. The ship
builders of Maine. are sstarying for want
or occnpations aud yet Tie estimates Tor
the navy, for the current four years, is
$ll7, 10000.
FINANCE AND TAXATION.
] have said to you that the taxation of
1866 amounted to $500, 100000. lam
told that this year it will be less. The
securities of the government are not sub
ject to taxation. The capital invested
in the securities reaches $1,000, 600, 900. |
All the property, real and personal, Of
every kind, as derived from the official 1
reports of 1860, amounted TO Sl6, ,000,- |
100000. Thus you see that nearly one |
sixth of all the capital in the country is
exempt from taxation. 80.
But why is it that the amount realized /
4 u -. L
realized in 1866 The rate Of taxation is
substantially the same. 1t is true that this
Republican Congress has diminished, as
whole, the taxes on the manufactures
of New Enland; it is true that they will
diminish somewhat the taxes upon whis-
ky. but the amount collected from either
of those sources would not materially
change the aggregate. Why then, ask
again, will the amount realized frem
taxes this year be less than in 1866
The burthen upon those who do pay is
just as great as it was then. The diff.
Guilty of making the payment is even
greater than it was then.
THE CENTRAL DISTRESS AND rrs cAusE
A cry of distress. when the day for
the payment of taxes comes round, ari-
ses from every part of the country5 and
il is because the business of the country
is stagnant; it is because your workshops
are idle; it is because labor finds no oc-
cupation; it is because the produce of the
farmer remains on his hands. instead Of
going TO the market; it is because your
stores are overloaded with abundant (
stocks; it is because energy aud enter
prise are parslyzed, and capital remains
inactive.
cURREscY-CoNTRAcT
And why is all this? Because Re-
publican administration insist in curtail- ,
ing the currency, disturbing all values,
all enterprise, throwing out of ,
all labor. The tradesman
IS caught with large stock on declining |
prices. The farmer fears the fall which !
may oyertake him before his wheat
reaches the market. The manufacturer
ears that the price Of his raw material l
o-day will be greater than the price of
lis manufactured goods tomorrow, and :
he capitalist will not take his money out :
,f government bonds and invest it in
louses, or lands and stocks. lest the rents
md dividends will not yield him simple
interest In the meantime, labor Is with :
tut employment, and poverty stalks
through homes where comfort has always 2
,een before. lApplauss. In the mean
ime, tlis work Of contraction Is steadily :
pushed. Look at every monthly report :
f the Secretary of the Treasury, you
will find that every month the debt that :
,ears interest in. gold is increased you :
vill find that every dollar which bears no
interest at all, orlwhich bears interest In !
is converted as rapidly az pos- :
ible into the bonds which pay intcrest !,
n gold. And why is this7 Il there too Z
much currency in the country Ia there :
plethora of money? L. speculation
ife Z? No one will dare affirm 80 much, :,
nd yet this work Of contraction st.ll i