Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1870-01-13
National Economy.

Like her-becAuse they love mimi
National Economy.
Hon. VIM. Loughridge, the able
member of Congress from the Fourth
District, made recently an excellent
speech in the House upon "National
Economy" The speech is 50 full OF
good sense and sound doctrine that
we should like to publish all of it,
but have space only forthese extracts:
fl"To the past conduct of the party
1 am not here to find captious OBJ
lection, or make unjust criticism,
for, while admitting that corruption
and extravaganza have to some ex-
tent, existed in the conduct of the
Government during those years, yet
it must be remembered that corrup-
ton and extravaganza are the neces-
sary and universal results and accom-
paniments of state of war, from
the very nature of things; and more
especially is this the case in war of
the magnitude of that in which we
are engaged. But with the return
of peace and the restoration of the
rebellious States, the necessity for
lavish expenditures, and the oppor-
tunity for fraud and speculation OBJ
tanning during a state of war, no
longer exists, and we trust will never
again exist, in this country; and
there is no reason why this Admin
istration and this Congress should
not now address themselves to the
work of wedding out corruption and
extravaganza, and bringing the
Government back to the practice of
economy and frugality.
And yet, Mr.. Chairman, l am
aware that this is no easy task, but,
on the contrary, is one of very great
difficulty, and one which will put to
a severe test the fitness and the abili-
ty Of the Republican party to conduct
and control this great Government.
II it succeeds in this, as l am satisfied
the President intends it shall sue
coed, so far as his influence and
power goes, and I am satisfied the
Republican majority inthis Congress
intend it shall, its ascendency will be
assured for q long time to come. II
1t shall succeed In tlsis, IL viii have
been tried In all things and found
true and faithful in all; but If it fails
in this the power will depart from its
hands, despite Its glorious record of
the past.
=
There Is but one way to pay the
debt, and that is with real, bona tide
dollars, and those dollars must come
from the pockets Of the people by
taxation, either direct or indirect;
and this will necessitate heavy rate
OF taxation for years to come. This
the people well understand; and, to
all necessary taxation for this pur-
pose, and for the support Of the Gov
eminent and the payment Of pen
sioners, they will submit without
murmur or complaint, as they have
in the past years endured untold
sacrifices to save their country, and
preserve their institutions and liber-
ties. But, sir, speaking, as know
I do, the feelings OF the people of
Iowa, whom I have the honor in
part to represent upon this floor, and
as believe, Of the masses Of the peo-
pie In all parts Of the country, the
Government must beconducted upon
principles Of economy and frugality,
and the expenses reduced to the low
est possible standard consistent with
the efficiency Of the public service
and the honor Of the nation. To
this end / am satisfied that onr
worthy and honored Chief Executive
will lend all his influence and coop
but he can do but little
without the cooperation Of Congress.
The great responsibility will rest
upon this body.
2 The country expects Congress to do