The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-09-29

90 I'll ~ ,I;n %Gu.u suppose 'ney ousns " ~ =
r in, ,ho S oo",u ve sa'nou uy o'p
S no puyllc creators 70 tuke eive
!, ,,,a, ior 'ne;r o. oon ,nbinh
soa,o.J ~ 'no 'asms =. ,n Sor IN. do.
s,sna,;a - ipen'aS; pS;. ~ a;sarac a.
- ~ oa, w. .ne PTrJJn0 ;a,ion ;n tha
vai,,n 20 apt ,ho ;,onr.vo.
-, ~ ~, IT, !, e., ,ha Lonos,
' nr nr Vi a. e"o pIo',e III y, 80, ~ /, ~, tba
- ~ ,tn'".'S; 49, '" ~ ~ .ea. pisao
''iy app pp..',, H., IT, ,ho
sa..rl ,''.,;o.;s. 49, ,,;,,,n,s ~ a.
a. ,'a 'e 80. -. - ,,h,oh nss,r,;n
~, t,ha,, NV ~ r;,h;r ,an ,,oars
,ha,oI a., ~ tL,jR;,, W VI 49, ,to. nl 4
,'a, : W ,PJu. On -
"n ,bi. u i.a,a -. in,ors, ;rn,,,S w. aoo onn
, 0"o '"'' '''"o ''' ''''e'e'' "ou'd W s-V'VoV'-
''g The i,,oro.,r rrb, ,bo .n,.,
o,1 aoa,,,,,,Ia,;oi =, ~ ,;.a.;a 9as
ton ,,o,,s ,,n,,iJ h. e. ono nbo a.on y. wy
nm a IN sOYS9VOy ~ sSS 0oo oOo
Tbis was ,bo Iosa of ;r,n,oyt CO.. shro.
! months a, ,bo roto os r nor cnn, on Siao
! 0oO noo nr a. cox ooo n,piah ha o
eynL,inoI "a ,,,ou,iy,,, az, 20 ,he ,h.a.
ndntb.' no,ico ,o ,ba honJ boidars ~ az
intention ~ d. ,,o,.ar,,,
H., ,bn honds ;r ~ ,o,,, -, 't,,,J
rnn twontv roors ,bn sa,;n.
would ba ,vico ,beso ..,;rna,ass
when all do,oi,. 90 ,hasa
negotiotions wcro c",nnlo,od ,v.v va"Id
be opened for presenting TO capitalis,s here
aud abroad other parts of the loan with
a prospect of compete success, These re-
suits were fruits OF the purpose of the re-
publican party to accent the debt as re.
suit of tho war. and without jnouiring into
the consideration which the povernment
received for the bonds-to look only to .be
nature Of the obligation which the country
had assured and TO faithfully perform II
IT, on the part of the republican marty.
there had been any hesitation-if they had
listened to suggestions that the bonds
might be paid by the issue of qreenbooks
the public credit would have
been still further impaired and
substitution Of bonds at n lower rate of in
teres. made impossiLle was notices ble. that
the interest pail by our yovernnent on
the nuLIic iabt wos tho .tnnIa-d f,r i,,,or.
nal rate ,brougbont ,bo conn,v anJ -
some oxfont brengLout ,bo y,nriyJ' Co., ~
bonds of the J-nited States wern ua,,,,i. liz
at more commercial noin,s on,.iSa "c ,I;S
country than the bond. of any otbor Gov
a,nmnn, This wos d,o 70 - H., IL,
faith of The nnonIe of other conn,rrs r. u' ~
insnircd bv,bn JocIora,iors or 49,, ra,,,i -
ican narty and smstoinod hr o,;Jana a. ,opGu-
on bv tbo dahl rednc,inn - tha AZ,
n
-. 0ei'e.ig g that very cohsiueraoie pay
and relieve labor from tayation ,hro"nh ~ J
many ganera,ions ole, 60 rIooa ,ha o,;s-
in such a position that iargn loan , With,
he obtained ol homo ~ oI,y1od Tho ,s,a ~
600 yearly and mi. cnpld Le occonri;si,oh
with such n reduction of taxes ns wonld
meet the demand. nf Lu.ires. and ror.,,',,1
most Of the Objectionable features Of tn,
system Amerdrnntstn.b tho ;r,.rr,i -
enue system had rclievcd ,he noo,i" ,ro,,
most If not All of tho rcslIv bprlo,.o,'1.
,axes while from seven subiects noy,,o,aJ
about oneI hundred and twenty-five mil
lions would be received annually. The i'm
prOvement in our credit had eliminated
from the difference between gold and pa
per; all that was due to want of faith
IN the financial character of the country.
The remaining difference could be over
eon'e U! iotn'nS uht', Tue growth OF the
Iou'I!i VI ~ ueli'ahu lor money, should
9e equ"i 70 Tue present supply, or by re-
uuens l.o NoIurle oi on currency dy to an
9,houh' hot eAceeu,ne ,nes-'vvo,ooVper month.
- Whs true no uouo', tnat lhe present
tom"n. ,"',o 1''s saT " ; eosluea WIN g9oa
noies' "nu genera prosperity ana the dii,
,1 ieIe"ee oe'meen 'no Nu'uc VI paper ana
so.u "n'ua.'s uee'e"seu'
lie said that 1t was the purpose of the
republican party of President Grant and
those associated with him, to do what was
practicable to render the paper of the
country as valuable as gold at the earliest
moment, without injury TO the business
interests, II the means were left to con-
gress and there was Che took it, no differ
ence in the republican party; that the
volume OF paper money was, under no cir
cumstanees to be increased; in this they
maze astihct Issue with the democratic
party.
Mr.. Boutwell, recapitulated the financial
results of Grants administration and in
connection with the statement said the
taxes had been reduced to $50, 600, 900 an
nually. He said he could reasonably ex.
pect that, for the reduction of $50, 600, 600
might be made.
Mr. Il. then soid the co,rsoo,,b ao,o
cratic marty in reference 10 Tho doh, hV mo.
SUBSTANTIALLY the same in etiect ,Lst ,hois
course wos dprinr thn war and th"t s;n shoa
the war. the princinal ohstacle 70 tbo IN
movement Of ,bc imblic nrod;, Sod Al M ,D
he declared nnrnose of ,ho S,n,as,;n nu go
nortv to comnoI II ,IdorS % 90 ',".'e hi
y -, i, :, .l "N", W