, 1869-07-30
THE PUBLIC CREDIT.

THE Fu bL1N LQtGU4A,
r.r,uurcsi surplus Rescnuc FOR the
prr,cut Financial Ienr-sts Effect
-Thc pnrshatc OF Nonos-AnctF
rtfxr Ia l.aluc-A paper hy Mr..
Et.,urd Askinson. OF itoston.
From tA< Eo.to1, Journal.
1R,r;nC the political campaign Of the last autumn
,,u;d y !. E.tru ~ the UelAucsAtlc lc2Icls 10
tn,: ,at iiaanc!al ts.ue-" Tas was ho.c ~ SONG
,I:t 10 those VINO gave the word, and resulted In
ttulr complete disgrace aud defeat
isut, updrr their order, tnIes @ wi1e men o.
ta:la:c as>uDtI the Responsibility Of procuring
an ts:ts-atr from Mt Alexander Del!nat o. tne
rational receipts md expenditures Tor the hscA
ii opiy = huu1rtd and MY millions wsa fuEelold.
4h:1s:t:s ~ iii nsest ~: ~ lonEr5;" r. , ri,
take u OF lwo hundred Millions
The exact f@cts caEnot Jet Ike t,sIen. BIZ: close
evident that when the hooks A5e made Up ne c3"
for ID. !car cndlns June 80 1865. viii hare been
The ac,usI &c eSpendItures ra1e in the twelve
moE:Et have hccn tssi ,!s,ias, bu. from thls sun
lts bs 'sdae.ca ssoss one 1sa oa 1s, ,os rSas
ILc receipts for eleven months, as far o. nsssl c.,
tatued serr 1879 s54, ,s46 but there are ZONE aou
HOES let 10 he made cven for these moAtus' @ 49,
the whole revenue collected II June, ata on1a
o1 Il also " b aaata. .,Icr nc ss.1saoso
:,aI tic surplus rrxenne Is therefore P3o'eo :"
hnrc teen at'ont Ii.trU".. ,no,, oo,ra, ,c-
T.t.s.. s.n: :e1utu;4 ate based nroo ul4et.4 ~
1urukz uixu 10 c,c1y cue slu CHOOSES 'o tot'as0
them. .,, ,..- .ras far .nnsc
:, rfndnH IN 1he n!,1ye STATEMENT or e9Eeno!tuits
arr +: tnl ,sU paid 10 gold fur a!ask ana
Tr i.r.1,;,rs Ill 1t lc:l a5E LOW h.tt!cu E-ccul
~ We fca, therefore adt *sa, coo o1os
sud wc khould then hare the fsooanle euIp,ns @ "
av}.| II n 1Uat1t$s
vi lie laws Law, nosever, ,,ecp Improved. and
huG!ew .1ut,slsoa has given PLACE 70 6enelA
srau;- 1t il now posslhe Tor tho Secretary Of the
Trr2.u,v to taeurc economy In the ruhLS ferFiee
and the due enforcement o1 ~ iaHa' unu au} .s
ti3I s::tuU:tty ..T aunn1n would IFore h'mseN
10 wisc1 than the tnrce men who e'nplo5eo MI
In nu,I,tIon 10 these advantages OF List Ica! Wc
havc laoor u Hlan snu g1a,sf 1 non aoIy. a9s
spt4.:'ou splta over S,s, 'n Z, mems ssn Of to
or atup1 additional miles Of fasoAa. .,,,h
TIE sas,nca In expenditure, a. COMPARED @ "f.a 10
,as1 year, urc estimated i. &s"v'0,ooo n?on tIe
In ",,.,, s.'',.w1ts, ii, the Post UE!cc department,
..uL s-9,nup, ,u1 III t!ri! hud miscellaneous eA'
Irtt:-s-t. .- ..,, .u--a,, rerat vrxr
Il ;hrr,fnrs Ntll i.aantcd TT sl1.o w. aud tnA3
In 4ss.r.taaU snusGL the cst4uaAtc Maae p1 Ioin'
III, stasc5 Nehs u Ngl.n ts.lak aetioeti:
r;r.s a!Its c0nreNueIt rcanctlHn ~ tnu @ ~, ILL., !,
!erruuv. ii Is ouly Lecd'u! u c1atsle tae attiEfa
s.s.l, Y! H., ,;F,srui c1s!cnt head ur Tie ssatss
fI:i * pa1tueit aud II will Ut once appear tnat
:fr r-crt 1uass Ut the ln;'oFtr cous.H VI h.tcits
81 ,,rr.slty or comfort, IN universal use; there.
TORE p;IsIx Iii; bad haEsest anu ,nc sotse,!uuu
absolute lo.cFty u The rhoe l1oplo en- mn nv1cn
year liz ce,.rt. prosperity Ut tie Ini.@ OF INC neo
i If asslsrrd H.. Aba'1al1t crorA hs S,snus @ -, ~ :,
uE,+ctr.t s,cEl t.uusA Reduction III l1icc ss!l!
.uust. 1,Itl,i,,lurs i" fall: aua Notwithstanding
lile fact mt ii. ft'oF n'e gT"~'nE !ople1, Wns
lie III rupto,r thrive The asAitb Vt tne Enhu'2
~ !!,r.,..h liz tlG cuturctd nbe Ut VICIOUS aau
1"..s IL in.cfn4! r.vcnue - concerned. the
n,Isir, iol,arct a:f inrunr taxcs are nov ttlha
t,,tt II Ii, rllecled ttnn ever bFfu!c; the "iiAke!
"a, n!,,:c yielding revenue " w ne a. I,n W
5:tunI ~ pET sG.uIn nt,Iinst on1} tIuoa q1s.',o
~, III u:.c Ct t!c tcAts "hcu tht I'll "@a e PI'
:aIHD. ..., .-.,....,,. il. r., w, ,or,ra tntf
,, 1r.a,,ry al tue rate VI not !css than
ut., ,l,at,, tntU'au,vy Icr mon'ht Whit ID 10 b'
III. n, J.: ut'ti nnr credit ? =, ,,,,,,on m,
nn.tr !. ic passed III time u prevent ms nafrns ~
XVI II II we're nc.,rup.c. IAe scsston u Con
sress mol bcsh Tor p:csi "osA I..ne u's4
49,, 80, Ia. c;tnctrd after tu6ntha I'll debate.
WA: Inn WI, te dune With I'LL enormous ~. II
r+,.,,, ,Llc4t..l lila uus.lIxnc41 ~ Au'u ssee.i
M Is Il, ,:c y.LA.F3 fur Tue 'lri.. ~ t,ars sar
Hx ~ cI:..,ry'm al his i,,,,s "h.' a''' t''' '
il ,l,t u hy lna.L ..!,ct to apply not ooy 20!
,,nl, nt The unILIat'nh VI sol Aua .s ~
LOT, III ttr rc.b.r.. hui soT oo lc! Guta "
dr. ia t1r .1rI;art. ii |Ht Gu'aparati'tl! haa
,n,,i ~ i.,ut. uuw t1;s,t. the Hlafkrt For tal'
tr rs', t;s'' ty e se q, ,,i Sp T3tus,can lpurkct
mi IL en- Irrn,tl!.l,s ai, IL thc c'sEfcncy tfai
4! I'll. Luil4!h ~ Aotnc. .-,, ,.,. xrhnn NJ
I,:,.,. f.acA iar II, Kolh Ill toFc4sl lilatte,st 1
rtt.!I MI ust ot e,n1tf rcaainc spetls -, ~ ~
q, H"., ~, :.,,If,a Euy t l~i III XII uud y lou
~ 1..in c,r7s'I,cy, Tic >a.ur Of our ;f,Eas Hhn
currrnc, 'u ttir III 10y ~ Ims.ass mt M VIII
l"e' W - ,, ~ 4 AuI i. there Il tno inuea 4
'ah nc ~ .,.1ti tb,. IrItrs Uf Nil ruluthudt1t
utt VI var III ELL. ,n!,',s anlust tne.4lsclsrs
!hc1eosnE W, ~ r.,|.,,TlatJ uu,,uut OF cnrfrnc
W., :, NJ, s,,t,,4: rotation EetHecp lac lesa
!hfie "a ~ -,,,t no Iukr1rss aud faF wh!c.l
lEl:aet NV 100 ~ rr,ltnntluu has yet bren Ike
'liIs :, !n,T. ,sn lT1nw uou,iH the VALUE u y hit
81 " li,t'n IT, rni Il Irr1tc.i, dcn1ed III
IN tht:i i"l1l'ua y. h..,r,, IN me contract bill
t1tf"hH' "ii1s VA
AepL ,o ,,..,,,,,1 ,t,4. III coatlcnee 10
Noihl1t- un. ,. % ,,.Tt ,.,,tue IRON III. attempt
s's1s ht t'S n.. t,,r ,,Ir,dt r,.ttuluAut curr.
I'LL ty,,,, ',r n,ctm enty oud7 rsins TO
III Gtd, ~ Ast ~ iii ,,.. t..,u uttalpeI tNe l
hi;e4 las Eo;u' ~, 49, - 49,, ia. ry,.tnsuty +
re-. cc ot4ds can S iouess a. ~, ln.;i IN
~: taa LIT le i,,r iioIrss SHAH re:'.sc to CT
~ ~ ,.A ~ e''0' - >'&S
seit thtA ,,.cd mat II L -; nc1 cent tTs
itannt, nT S.'.so e.,,.r. nu,d sas ne issued, II
.tal ..s ~ s.attj in tne l,aEti III or.ler
lrv7l H.: !, tas1ls1 ,1, ,I ry ,ylIuence of itsnoa,
thutctt :. - I'm, itr DEVICES " those wno, un4
49, t.;,.str oI tAaa..eu. ha.c cudcayo5ea -
n,ae i:es of sepuaiason saru @ baaxs ad
t:aEt!s taMem 49, ~ tta Z mr. r,.tI currency l,ouds
t'tc, WY nv ,,.t ct:m., :lul sublec. IL Ill tax
sOtu ~ Stases .A - c.rr ,-n;n 'In,n1 free n.
tHtAtt 5ca! ~ ~ ttni..r s tr,trr inau sues
taA"'tut "u,''! ~ -. - nr~ ;,,r,5 II fe Cis,
l"'r cen: !NAsl9 ~ "s 80, . n..,,n. t,., M mater
NJ llt lh1u1e k"t san .s h.r.atter
tt!nL t1uA q lcaEnnS m In.
14ltt- ~. A4.t -. Sr .hnl ~, amend
untrGus, anA !! thE r., M tt.! a.s. NJ Shs nrfIr
upon founa nas's, ,nr,.,s ~ ~. ru1ea arr M
nfoh "aicn Fts';; ;,I III - 1nr f,.... Is; end 1t
Tou,l tHth ~ .ttT -, ,n..a,rn ,rr C,ne.tFnnttot
1uctlte row! - ~ ,,h,nh -. u !, Iy,nt,aurb 10 Iun
ZIG ~" ~ ttemn nr -. xn,slt ,t,i ~ much or u
dora
reveLut taaH w ~ ta.. as ~ " :. n,rh onr whole d