Council Bluffs bugle. [volume] (Council Bluffs, Iowa) 1860-1868, 1868-10-29

A Talk with Inc Laborlng
and kRdassraaa Glasses.

20 Nss - - sfs sA@es&Aou - DlG3W kze<t1
~ VIA effect slivctav and sys,r,,e-
diatesy their nisafgralsl ,geIl I...il1sr and
prosperity. Years AFRO M yV,sn,lIsIl
Phillips declares that ths, ss.a,a.aei.-
iatiu.i vf the Ila,lsrg would aeI.I tvga
hours to the toll uf every hIharli,y
man ~ Ai.ieF1esa Tor long rer.es ii
YEARS, bus Ii w'odId be cilest,,Iy sI,ur-
chased, he said, 1t thgs pres.
but Ia tltluitiua Ia tbs infllrki0n
promised them hy phillils. the la.
halrilig iiien are now Threatened vim
Ear Heavier penalties BY the euntin-
tEsneE u tiie present party iii pow
Ef.
These results may be resapiitilated
par.iy sss l0ls0Ax
/. The continued exemption from
all State and local taxation of one
fifth OF ali the PR perty iii the eoun-
try, that property he'd La United
states B0nds, ami which is better
able 70 bear taxation than any other
property. You will continue for
years 10 pay for tie education 0f the
hondflolderss chihidren, the repairs
Of the road over which he drives his
cirriage, where you 90 on loot, and
the police which protsx.ss Ills lie aud
property from Outrage ssiid efeprssia-
ton.
2. The ffve-twenty bonded debt,
which We can rlghtfaiiy pay TO the
bandaOlder In legsil tenders, worth
seventy-fivs cents on Il dollar in
gold, will be isaiu at nssr In gold, thus
adding seven huudlrIsd millions OF
dollars in gold to Tie principal afOar
debt. AT the s'tiIie time the interest
on the debt viii amount fin forty
years-alld 1t is not 10 be allowed to
be paid off under that periodic
four thousand millions Of dollars i'm
gold. These INDUSTRIOUS sums will
all fall upon the lahoring population
as the only producing ciisss, to pay.
Day by day, and week BY week
they viii have to toll and sweat to
pay the 8pulhoider his interest In
gold.
3. For forty years, at least, one
fifth of all the property In the eoun-
try will be locked up In bonds, ID will
afford no nun employment aud
give no man business.
The owners OF this property, mas
much us il IL not taxed, and nets
them immense intcFest, prefer IL
keep it in that shape, rather than
buil1 houses, stores, steamboats,, lac
tories, or to use IL In any speeds oil
trade or commerce.
Thisis a great paralysis upon trade,
and deprives millions OF people oil
the enjoyment they would have ii
these bonds were paid of in legal
tenders, and the holders obliged, as
they Wpuld be necessarily, To invest
Their money in enterprises that
woald eonduce to the interest of the
public.
1. You will be afflicted for years
10 come with national banks, the
owners of which make from thirty
TO Ats per cent. out 0f the laboring
public, and at the same time receive
twenty millions yeir in gold coin,
and for Whats Simply because they,
furnish you with a currency which
yDur government could give you In
legal tenders without costing you a
cent. This twenty millions of dol
lars year in gold your government
throws away, just exactly as ii it
should be sunk in the Ohio river.
3. 9ol will continue tn be OPP
pressed with income taxes, stamp
taxes, license taxes, monthly taxes
upon business, taxes upon sales, and
a whole host "a taxes. that we never
heard Of until the present party
came into power, bat which will be
fastened upon you as the only means
of paying the bondhoider his inter
est aud principal In gaItl. The in
come tax, especially, bears hard up
on men with mixed incomes and
small salaries. A clerk, for instance,
who has a salary Of fiftecn hundred
dollars, Is taxed exorbimntly when
he is compelled to pay twenty-five
dollars as q direct tax, in addition
to the two or three hundred which
he pays Indirectly.
d. The forcing of negro suffrage
upon the South, and the giving up
of that country to negro control,
will obligu white men To leave that
section, and its trade, therefore, will
become yaIuaIess. Steamboat men,
what do you suppose your com
naerce In the free Negro States will
l,e worth? How naaay engines will
they buy here? How much cloth
ing? low many chairs and other
articles OF household furniture
These questions, with many Others
Of 4 similar character, suggest their
proper answer.
Z. The continued maintenance Of
what IL called F'reeinsn's Bureau
at the South, By which hundreds OF
the thousands of idle AegrDes are
supported ut the expease of Indus
q iOus people of the North, whose
own white poor have 30 Federal
Government Bureau 20 look after
them eyel If they were Starving.
i. The theory of the radicals is,
that money is too pleltty, that Ii
must be diminished lii quantity,
and made scarceF amongitile people
In order to enhance It's value. They
object 20 the debt being paid Of
gradually, as 1t fslhs due, Jn green
backs, because, SIS they ssiege,s we
shall then have more Fa8DHey than
the people want or can lesiitifaately
use.
Thus In case OF the success of the
radical faction, the Ianorink men will
be brought face to face With these
results, namely, oppressive taxation
for the benefit Ut privileged classes,
amounting to twenty-five per eeat,
Of all tlseir earnings. TfitR pay IL
In increased rents, in the Increased
price of food aud cfotiliagI In fact,
everything which they cehsulne. =
At the same time money will he
scarce and employment di6cult to
be obtained. Fssls cannot se other.
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