Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1869-12-09

~ ineht- am puf an tmn.es tiate stc-
fluctuations In The value Of CO. ="
he methods To secure the rehoN
these results are a. num- '"'th'r ~
specnlations ia polii' n"u- a. are ~.
secure the latter cal economy 10
that ia To amt see hut one WAY. and
deem IL. :. .orize the Treasury Ia re-
" he,~., swn paper al a fixed price,
no. .er il j. presented. aud to with
a from circulation all currency - NJ
deemed, until it is sold again for gold.
THE NATIONAL DEBr.
The vast resources of the nation. both
developed aud uDdeveloped. ought 70
make oar credit the best on earth with
less burden OF taxation than the citizens
have endured for six years past the entire
public debt could he paid in ten YEAR. but
IL j. no; desirable that the people should
be taxed To pay IL In that time. Year by
year the ability to pay increases In rapid
ratio; but the burden ~ interest ought la
be reduced as rapidly ~ can be done with
on; the violation Of contract. The public
debt j. represented In great part by bonds
having from five to twenty and from ten
t. forty years to run. bearing interest At
The rate " Xix per cent. respectively. IL
j. optional with the government ia pay
these bonds NJ any period amer the expra-
- - .'' 'r.',,. .s.f.i -,
-, - -, -, ~ -, 49,, 80
,,,-i.,s,' a,,,,.,.,,,,,,, h..,, a., ,rsr i. I,
tt 1f.h -, - a..
-. -. -, A.. -. a. -,
interest not exceeding ~ per cent. and
a. rapidly A. the remainder become due that
thcv max Doe replaced In the same way. To
accomplish this il NAV he necessary to su-
thOri1e the Interest to ne paid At either ~
4. III. t...s,.,', r',,.,r,.r ~ ~. \ RI.
III >,at. :, ,h,.o,,,t.., u, ~, t,,ib,.r ~
3D.. ha~t- -, ,,,i. .,,,'t.,., 80 ,,,r
ron.i,,cration ~ 1'on,rc.. anj III, sinul.
,.,,.......l,- MIN MI I'll. ,.,..t,. IN u,
I''..,,,i,., .,,rr..,,,-, ,,,..,...,.
81 \. H.. marie, vain, a, ,l,,, Time 40 IAN
,,ncs ,,,, e., ,n r,.,..t.. IN. "a. al
go, ,,,r-,',. a, itlI... 90, -, .,tt c,,,,
- ...,,.,- -.
r,f. M ir.,r..- II. NV. a.,.r.t..p, p,v.
49,, 4. $500
'N'"' 80 N'''-N'-
The subject ~ thc iarsi aud Internal
T'Na'i'p ~ III necessarily receive Nour at
tention, he revenues ~ IN country arr
-',A'' ,hAH ''' '~lA'i' in'"', A'' ,h'N
"t'n - e. S'"'''' '"' - '''' 'H','''''-
n "a. '''- u -"' ~ '.H' "''' ""-. NJ
F'H''> '''E''N' .hu' Az '''''''- lu>''H
80 ''""' ''''i II III" ~"
N"u'" ~" I. Nlf'''"'. ~ I"'N'
p'neh'H' "t 'A'> 4u'>'t'" uh' me new
h'tii"- "l 'h- u NAY .'' AiNlNA
t'' =" i""di'N 'h' tAAa'i'h Ah' '@f'H pop
n>'''''> N"''' UNJUST ''' ""'"' ">''"'
Limitations ar Nla"' ~ W Fl' h'
ISM. hht 3 -'ncrh T'Nt-t'h ~ 'hf Jaws
r"-a4"iu- ih4N >u'yr'i ""u'A recommends
'i' i''-i '"'ii'"' ~ FIT Ff'>'H' So
r'-gt>' ny t'h'Na ~ % va - y ih'"H'tNt
hat NJ F'Hu'ch rake Naf OF . i''f ''u'-
ana t3i'> AK {" 'NWnr IN fhr"c ear "iih
ne ihDiin- y. 'ar national "eh' a. h"rc
su--e>i''l i''i ~1ic in saving 'lH' 'hr
tANe- I'D ihc revenues from imports NAV
hc re'tn 'r's >Aiely from ~iAiy ~ -h'N ma.-
lions T. anuun Al "nc~ and maN '" tl
iAFiItr E"iuVr1 ON Year '" wear - '''
resources ~ NE c"nhrN arr df''i'i"'.
ihr report 81 NE 80 iars 81 w" lr"A"-
hfN shows the receipts ~ tAc : N'Fn'n' N'
Tor Tie fiscal trAF cIhln% june IN ~ i'
nn- sSso."fS Z. 4ud ih~ 'N ir.i .Hrr- af-
Gliding in,cr--' h"un'i,~. Ac tH ''rs p
$40 3|1-
IliE "a 49, ~ hiFAEfNr>t
Toe estimate for the ensuing wear arc
more favorable 10 ihc ,,nN.rumcui. and
y Il! no doubt show ! much larger ,l,rrca,..
Treasury bry oul ENpcndiiur,. haSa Nr,,,l-
g the amount nccr->ar, ~ place a. tho
crr,i,i 81 ,h~ >iuk az f-oi j.. pt.,v Ai.d y,
law T. lock up the surplus iu thc Irra--
ury and .,hpld i from circulation would
lead "a such contraction 10 the eurr"u
a. 20 cripple trade anA seriously afr the
prosperity OF the country | nacr these
Circumstances. thr Secretary ~ ,Ac Irra--
urs and myself hcs I'll caucurrcd Ia the
prppriety u using she Surplus CURRENCY TIA
the Treasury 10 the purchase "i Govern
.,-.t,., .f.-t. .,,,i.. ...,,,,,., ,t - .,
n..ttin. a Congress the qtr, ;l.,a ~ The dill
position 10 he made az tie liond. - pur-
chased The Bonds NOW hid D, III.
Trea>ury amount 10 about --aegiosto-.p.
tu-Iudlu. tt 80 be!uu.tu.t 'G.. >Iuktus
Fuuf recommend That th, who'll, b-
placed e. the , r,,iii u the ~inkin: FnnA
oar attention j. respectfully invited to
the recommendations 81 the S,rrefarv ~
the Trra>Art The creation a.! the Office
.ffh. tp.n.ul.> l,ilcr ~ Cn-' 1m> and tie
Revenue. r,r thr increase ~ SalarN 10 Ger
tam Glasses Of official. and thu, >ub,fltu-
tiou 81 the Increased National Bank circt!-
lation 10 r.. plaa, the nut>tandin.3 ptr coat
C,rtlHca;,>. and most especially 10 h..
recommendation r,r the rep,.l of The law,
allowing tie shares sf fines prnaltlc-. FOR
fe.ture. a.. 10 otlser. Of The Gusrrin-nt.
or ~ iutortnrr,. the ogicr oI Commit =.
ionrr OF Internal Revenue |. aur ~ Tie
most ardaou> and RESPONSIBLE uuI.r u..
I Government II ftu, Md u-tl n I'm,
nor, ~ cabinet r,,.itiou i,,,.,-t tn...
/ aUd r,.,,n,,>thtuttr, ,,,ult a. ,h-r,..
| f.ra .u,I, l,.,,i.la,5.n a. Ia y.nr ,,l.,,n,u,
Mn Mac. ~. nr,ire IN , f.,. frt.. 4, 7,,,ity
I c,.,,t',,r.nrnt, a, h. ir,,',rt,.r ,nI
4
49,. III NM, centred ~. MN h rr,,+,,.-ty
ctBs-
A. the United Siatt, /. tie frcr,t OF ali
/ nations 20 TOO il people sympathize " It'll
4 All people ~tru cling Tor liberty and self