New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-29

may be ghtened not only without injury, but with tue
greatest benefit 10 the public credit. ,hs
IN the following table will be found statement TOT Ino
the revenue aud OF tightening the burdens upon inc cO
very great relief couId also be effected by reform in
our Custom House routine simplicity Is the very es-
OF honest administration, and is perfectly compa
bic with system Of checks ample for every purpose OF
supervision At present great Is the com
peIity that 1t Is impossible to transact business AZ INC
The adoption OF measures such as have above lnui
Gated resulting the establishment OF the currency 81
the country on firm basis and by which the credit OF
the Government would be indefinitely raised, would rem
der easy the conversion Of the public debt INTO ioS
900 the annual charge for interest and enabling further
Reduction OF taxation 70 DC made we the eho o the
debt and the taxes becoming each year more LA
Notwithstanding their continued diminuton IN rato
owing TO the extensive areaOyer which they are
spread and the rapid Development OF our resources
debt extngushed without burden or oppression to the
people. ,,o,,,n rovv
derived from distilled spirits alone ls ooo0Ooi from
tobacco s93OOO, and from customs $3.50 IN K0d
making from these three sources s2E that will
e eHM San safely Be rsducea to sS and the
terest upon the National Debt to S9OOOOOOO $50 coon as
our restored credit enables tho debt be converted,
thus making the total expense OF the GOvernment NSo'
It will readily be seen and appreciated by the peo'
pe how much taxation can be- safely reduced and the
staggering load under which they are bowed doWn 10
lifted at once from their shoulders.
Our National credit will DO far moro rapidly appre-
cated By able and wise administration OF our finances
than by anxious and exhaustive effort to pay the
debt The debt England is nearly double our own
while our developed and developing resources more
fold greater and yet while she s not
diminishing her debt single pound sterling nor making
any provision for It's payment her credit IL rateu 10
per cent better than our mistaken confidence IN
Englands integrity the main OF this With strict
economy In all departments OF our Government ana the
the very feeble voice of reputation that raised
quarters would be senced forever and the credit OF
ton Is not as 10 Teo millions more or less ~ ne amount Of
the debt But PATH IN THE HONOR AND INTk9RITr OF THE
NATION Distribute tho burden wisely, and the people Will
bear as eheetfuy and as gladly as they spend their
earnings for the support OF their own children Ihe record
OF the American people for patriotism for noble bearing
for sefsacrhce for cheerfuy bearing heavy and nnac
cusoned burdens is unsurpassed by the history OF any
nation In ancient times They who have trusted
us have been enriched by their confidence, and those
EhO doubted us missed golden opportunity tor moro
than doubling their Gepital The German banker Upon
the Rhine cOngratulates himself, while tho English
banker the Thames may well regret opportunities
than one-third their value. While the debt exists IS
well to consider that 1t Is by no meansa unmxed owl
but presents advantages TO the community. flrst
II tends TO enforce greater economy on the part OF our
Government II tends to make careful and conserve
tive II tends 70 make the people feel ihelr GOyernmeh
and watch II carefully and hold the public servants 70
strict accountability; n tends TO develop talent In tho
administration OF the Government ITSELF IL tends 70 con
sodate the Union through large financial interest II
affords ready and profitable mode OF Investing capital
The Government securities Invaluable for banking
purposes, for life and trust companies, ana Tor inc
numerous transactions surrounding commercial people
like ours.
The strength Of Government lies in the general pros
perty OF people Far better for 1t In every way to Leo
the wealth OF IT'S citizens remain their own CONTROL
multiplying Itself In the channels OF trade ana commerce
than TO gather IL before 1t Is wanted In vast sums 70
lie idle In the vaults OF the Treasury IL serious error,
and that should corrected to keep large
balance Idle that generally IN the sub.TreasuTy In
this city weakens instead Of strengthens the Govern
ment The great questions OF taxation and finance arc
destined 20 become az an early day. the platform upon
which political parties Will come Into power
The natiOns wounds" will soOn be all bound up ana
prosperity will have set its seal upon our united ana
happy country. The sword has been beaten into tho
pillow and the spear into the pruning hook The
Ship State longer sailing upon dark and stormy
sea- but upon a smooth and peaceful ocean All that re-
mains to be done Is nothing 10 what has been done
With rmness in the right God gives us To SEQ the
right let us strive OIL to Iinish the work we arc in
In the hope that the foregoing observations may 10
deemed worthy OF the consideration Of the Secretary
have the honor to be, very respectfully
NATHANIEL SANDS.