Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1870-12-14

Is
ESTIMATED EXPENSES FoRTHENE&TYEAI
The estimates for the expenses OF the
government for the next fiscal year, are
1924, 346 dollars less than for the cur
rent one, but exceed the appropriations
for the present year for the same items
by S,072I37 dollars In thisestmate
however, is included 22,33S,27S dollars
for public works heretofore begun, under
congress lonal provision, and of which only
so much is asked as Congress may choose
to give. The appropriation for the same
works for the present fiscal year was H.
4,5lS dollars grw dri3" a2rr"f
RETURN TO SPECIE PAYMENT" ''. ~
The average value Of gold as compared
with national currency for the whole OF
the year 1869 was about 1874, and for
eleven months of 1870, the same. relative
value has been about rs. The approach
to specie basis is very gratifying, but the
fact cannot be denied that the instability
Of the value Of our currency is preiudic-
ial to our prosperity, and tends to keep
keep up prices to the detriment of trade.
The evils Of deprecated and fluctuating
currency are so great now, when the pre-
MUM on gold has fallen somuch, it would
seem that the time has arrived when by
wise and prudent legislation Congress
should look to nolicy which would place
oar currency at par with gold at no dis
tant day. va
.' REDUCTION OF TAXATION. d =
The tax collected from the people has
been reduced more than eighty million
dollars per annum. By stcadiness in our
present course there is no reason why, in
few short years, the national tax gather
cr may not disappear from the door of the
citizen almost entirely. With the revenue
stamps dispensed by postmasters in every
community. tax upon liquors of all sorts
and tobacco in all forms, and by wise
adjustment Of the tariff in which will rut
duty only en- those articles which wecould
dispense with, known as luxuries,, and on
those Of which we use more than we pro-
duce, revenue enough may be raised after
few years Of pcaca and consequent re-
duction of indebtedness, to fulfil all cur
obligations. A further reduction of ex-
pcnse, in addition to reduction Of the
interest account, may be relied on to
make this rractible.
,, REVENUE REFORM ....
Revenue reform. if it means this, has
my hearty support. If implies col
lection of all the revenue for the support
fthe government, for the payment of the
principle and interest of the public debt,
pensions, etc, by directly taxing the peo-
pie, thenl am against reyenuc reform,
and confidently bcliye the people are with |
me. If it means the failure to provide
the necessary means to defray all the ,,ex-
penses of the government, and thereby |
the Reputation of the public debt and
pensions, then ! am still more opposed to
such a kind of revenue reform. %. Revenue
reform has not been defined by any of its
advocates to my kowlcdge, but seems to
be accepted as something which is to sup
ply every mans wants without any care
Or effort on his part A true revenue re-
form cannot be made in q day.. 1t must
be the work of natlonal legislation and of
time. As soon as the revenue can be dis
pensed with, all duty should be removed /
from coffee, tea and other articles Of UNI
versal use not produced by ourselves. The !
necessities Of the country compel US to col
let revenue. from our imports. An army
of assessors and collectors is not a pleas
ant,sight to a citizen, but that or a tariff !
for revenue is necessary, Such a tariff.
SO far as it acts, is an encouragement to
home products, affords employment to la
Dor at living wages in contrast to the pau
per labor Of the old world, ana also aids
in the development Of home resources.
if I"'H"'lE Ll2gls 1907 t9ilfD ! HtdI
TIE NAVY.
The, exp, nses Of the, navy for the whole
of the last year, from December |, 1869,
the date of the last report, are less than
100000 dollars, or about 100000
dollars less than they were the previous
year., The expenses since the commence
ment of the fiscal year, that is since the
first Of July, show for the five months a
decrease. of over 100000 dollars from
those, Of the corresponding months of last
year. The estimates for the current year
were 2S,2o5,671. Those for next year
are 20, 6S3,3l7 dollars, with 955, 100 adj
ditional for necessary permanent improve
mcpts. These, estimates are made closely
for the mere maintenance Of the naval es-