, 1869-10-12
THE NATIONAL FINANCES.
speech ;nf Secretary HoNyWeu CD
Ph1laaetphAas

OE$s r.
Eecreta1J Boutwell, delivered An address to 4
large audience this evening, u favor Of tho Repuh-
lcan StA&a Ticket, most o. ahAl, va devoted 70
nnanesN aaesnonh @ Me stased. ~ ne 70 epa1s ~ Po.
debt thst It II TO be pastl ptlocspal and interest
4croTdipE to tha tk1nd Of the coass1ct. aU{ IN
S9 e amed tpss pooe of hs na
II debt had been paid since 1865, sne funded
dens Of tne count!E would. not - leH tnaa
notss n circulation L In these soar 5ear1,
exhaussed A. We nave. Ibeen BY .wM, VIC
hare been able to nay Is or - perrenf cf tne pub
next few Jeatss II Wa were 70 PAL 5l0o, 90 900 .
leaT, .n!sh h we eau p'y tns present E sys.sm Ct
viii bc cx13nKtfshtd Ia Tess than fourteen yeA13
II We pay t9, WI 90 year, ~hlch we can Do u
drefrased l2xstton. the interest bearing public
oeot Hal ne s11tnRashsa y. ~ 80 s5an ~ tsentYsso
gree, The interestoeaT1nR debt Viii 10 e1ttaxutsa.
ar hsse ,6sln .na1 - e ~ 1osS ~
esar,e oi the County should e. ' " ~ pos
@ Cent ssst 2. .as >, asss sss
ti1s .as .es1 q ss peopls q iii. eoaDsss so
hut he considered it oert1t, unless t6ere snsii b.
sotne dsturtnnce Of the pesca OF the world; u0-
less there shall b. soue csls1ntJ nat,onai in IL
p fsuna g aes Il e gs s1a
10 refund, at rata Of Interest nor cxeeed1nK III
PEI cent thus saving 70 the county, aud % the
sss'e sne "a vi. a:4a p Ell e e
tns public 1tbt aimee the ~ 81 Mafcs Isl. sasil
we In Tho presence Of that fact snrtnk from what
= before M To be sure, these Il ta1atdou but Il
car Eiadu.liy. Iea! !. yeaF, 10 dimlnisacd d''' ~
the huTdepA whether heavy or Light, can bS
grhdusliy removed from the people uo thVuVhf
Il might rot be untntefestu10, althuu2n the iacla
a.s Welkkao"n. to stste lov iat the revenues and
proceeds Of taxes bear heavily upon tho people,
Da!ips the ~ year, from Manufacture and tsa11c
ID omtleu fplt1ts, Wno, and every ktnQ Of 1t1uefS
was derived revenue Of ~ ooa 100 nom to iacoo
@at11actated ,a M : ~ nall ~ Ia The vsrtua torms,
s2Sooo No Moic. uere arc nearly S10, 0p0 .oo6
s"ec y ~ AZ S .of
a6Nl0. 900 from tAxfs on termented l,ruera va
Get tt,goot w from transportation Of merchandise
salapsh s ian COUNTY. wllch ehould be removed ~
!heTc arc 70 ON. .0o0 more from sates Of tnerch1n.
che, And t90oo, ,tV0 INN Income Tax: ssA000 coo
iio1n ttatsgs, and tlaoooooo from oshsr smaller
90. Th!s s}stcIn oI tlxatIo6 can 10 cbeureI "a
to relieve thG hufdru Of taxst!on lsu1n ihU Mas
ol !ne People: a afcnk anoans Of The
life, v from lx1cs on pcopu rho afo a6la 70 nav. "
md tho tuscrn upon sht lafauiu9. nsopIo ot t, ia
country Il. sficr I'll, scsJ pmnli Anl h. would
sa5 no eJsrn q taxation IL dcslrr., that does not
lOOk " lAfgef iAxshou upop the 1uxuttcs, or nc-
sumnlale9l l'tppetty, thu1 rrfe!lna lha labor mud
ordinary hisInr.a IL ftfn to NJ a,gu . degree ~
rs*s!t,is. IT. Ilortweil stn'eh lh6 raaanns whjoh
tt0 surplus fund. canvrast had problbItuai tts
t!IaiAuuoa of Ito stnouht ol grrcnbauka, and
Hrthtf them nor tho MY tnllllon1 Of tho shroo pcf
thu law Ut tonKyrss, by whiuh ihe Srcrutary W.s
required 10 allow tin ru!islu af cusrutcr 10 fut1,ntn
~ u Maa Nhsu he nnsaspd TIA otDco ThrIrforc.
tAefe lt!nalatd ou!y The can.st which haA k,euu
nasfshcat TO puy pr cent haoas At tho markss