New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-02-04

ane.- az. -! an elevated character. and the
mos refined .ail witness them with pleas
I;rc
'";.ax on ii,e Financial situation.
We copy the following -l.eci;L d.s,..sch to
IA. ). Io",s Lsrocrut.
NV ionK. January 3;--vhc- President
Gotta publishes. in this weeks I,deDendpnt,
an trt!cl" ou the iinauciai situation Ut the
rnnut:.., n w.icl, ne SAYS there wc:" in the
.rc.>urt on Now Years tiav ei.htv-one
millions ri dollars. over and above gold
certificates in use and circulation. What
would be the c.fcct il. on the first O.: March.
the SECRETARY had the authority, ard cxcr-
cised It. I" advertise that ut any time within
the cM-uin- sixty days tilc first fort
millions of the ti,c.t"eHt;es wc.,.. be re-
deemed on presentation at the treasury in
gold
/! do no. even intend to ,,,sg.-. ,hcir com
pui>o.E presentation, by stopping the inter
est. but to proiftr the gold, On demand 20
all holders throughout the world OF the old
CT .siN yer cent ivetwen'c bonds. issued
under tae law OF February -. .Sf2 from
number one M oEe-sbrl .. them. j. is be-
.lfvr!. ."e held il Europe. doubt .cry
jn.ch whether auv OF these would recroSs
III" OCEAN ior redemption Il the interest welc
not >'u.p".i .. chose held iii aited States.
:rs,,i:.'-. Tn. fact that the uited States
Hs'. tctl.a!. commenced; the payment Of
'heir aon"s in gold wo,.it probably destroy
4: once The siNa:l .iiEfcivHcc no.. .Nis,iu. IN
IN premium ~! II. hvG-tWeUtii, rs com
pared '..i 'h, premium on gold mot the
zen :"- ctl' t- compared with yIccnbac.s.
:'ut The ~. rr thve- per cent difference is
C"l.. ',!.H 'i;.' bonds; and !: 80 there world
l"t % 'h' -:lch:.-: .nducc,n. ~ ~ n:g..n.
'i-ln
g. -u.,pv-e =. whol" ..:fr :u;,Iious
rc.r .r -tnt"u :o- redemption under this
n".:,r 'hc :c.git :rould be .ir-; ll.t .h.v
"o'.. ~ ,.a... Ut: q .lt.t more Quickly than
'.Ht''" - it.-eut system. aG,,. second that
~. ..n"tiHt ~ g"i'; thus furnished would
..ai i'y Is '.ianritN 70 drpre>s the premium
rDrn ( - ,.ln: Il :ii- throyv should b. re-
;,'lzeb .h' small difference between gold
ana bonds ".G!i vanish ana. .'.., bonds
wo:lli b" a, par with gold. In either even,
-, .'.ni' cA The rropose! funding OF thu.
:'y.:' r:l..c- i:..c i;ve per cen. :rI-to,t!es.
q. wiIir.. I've hundred million. are nov a,I-
'h"ri/'n ov he ancEdta law Oi .h;s session
"orid no' hut ~ beneficial, and with fund
~ success. ana the -. PEI cent, :,;.S>.:i.
mo ~" 20: cents. 'hc cH" .: gold 80
!niHiE> cot III no, ne verv Gar ct
Ihe result -. ,i. fist ,i.t,y de- ..fc-
it:4'" w"u.d show clearly 70 "a ,'ui.li,
n'Hi 'hici, q .hr :wo .,'..a., :hr or. now
II c,'r:.-!";t ur tie -" r one should be
continued u th' future. v an act mis-
l3A-:4 II would Ge .oi.:,: ans. -..- enough
- .'."'i'' them ~. 7. i, mrti0a N gold o.!
'.' -.c"li :or.y M Mons .! bona. :>.i.y.: IL
~
ih' .,c. :.la. M '.ra.Ii:y pay. .',"r:
"}Tnte'n :" twenty millions per s.,.. in
gold. % "a. National banks - interest on
Ne !"n''- - security TO- :hc.r circulation.
.'nd ;H"t I'll" :!n:c ..'ertaiEiy f". t;tr dis
.;.nt Wien the national bank no.e. mus. h.
Ic:ccnaoi" ~ Specie. would Justify tie
;..:!on IL requiring, :,c.n t. !re,, in their
vaults III" .o!.! :!.l- r,.,i - them a, va,t ~:
l""'r Reserves, ami ~ d preparation for this
duty !. ''tii" affect nnaa,iai In,,.ters but
1IcL;.r. AZ all - Corycsnonaa.
amount .t .v:enh,,ks wo..lH be released!
rom the: f.>c-v" .l..' and thus enter INFO
...rrai circulation. Presented heretofore.
:. ...is has t,es::. with ctht: propositions
iIte,; i +" Conlp". the s..t,in. Of .!ie bonds
owre" y n: banks IN" bonds bearing
low"- interest, Il has failed Of si.cc.ss: hu.
proposed b.: :ts'N It wou'! ,r iit'., nj; ior
-" banks ana their ste. ..h"..ic:- :" lind
substantial. objections tn i
:. l.. essential t" the ;.rospe,:" .! :;lr M.
:."n. {" he develop men: ui i. industry 70
The release .: !t> citizens from all pos ihle
burdens. 70 the pcrpctultv OF the continued
triumph "t the organization those u-inc-
pies axe happily s;.ii il. the ascendant. that
this pledge OF the Chicago Republican plat
form should be remembered and fulfilled
..Dd ta.Aat0n II be co;iat!irj and reduced
a. rapidly a- ..,c public f',il, will permit;
The taxation which ha. realized the
large surplus oi the Is! few yca.>, Will. !:
!,aa done {" good work n .!sva.i,: the IA
toua! rge'ii. hv showing .hc wor., how rap
IDLY the United states could rav Oh IL, deb,
II spite %. al untiicndly pred, .!ons Il:
home au,; abroad has been huydenso.nc ne !
I":,d !n'atIoH on :he people, D;: n. i,oti- |
ton by Republican Congresses. OF $50 0",- |
i'n % taxation IT the pas. tou. wears. has |
pr"y"n tl!t,T M!'i.Dgu,, x dispense. .itn !
tie increased burdens ca,.s, Il tv th. var |
.or the Union. and il, cost. "a rapidly .S "a. |
o :'.' no,ioNa. ...tii: -..;ld !
-,iclN allow. /,
There a.c .wo -rir- ..u~yr::. -, this
question PROFESSIONALLY taxation must.
' iii v ise s'ruunation a, Y .!4e :,as, he
and -cdrccd ':;ic people hay. =
;,ght ~ demand THIS. :llt above all things
'.s', 'l'r r',biir 't;th ,uu.t bc guarded b.
end Il: los-ibl; contingency oi danger
here must he ;tDl.: means N the :,c.aur.
%. al; national expenses and oh, iga,ier..
'''l,n!. l.! .hs, tie '.at,on. cg"t.'. g-,l:.d
* - ,:.o,'. '.cin "i.lcll II ,.Ight r,qu;u.
~ - .'u'"': ..-e.c J. 1T :i:;.a .!aa-
,9r comparative y. -! 'ar .tiar.o:. ~ an.
,.''ct vnj' {, - i'"n:'f o. O.: Congress.
!; ~ -. ..";-r .: ,..r .l".:,i4.. 81 +,
F., ~ e ''',i-s-t - a." '9r n.nt.' ,.ity. ,
:. - ''..'-. ".'il'- ~: oo' ..I,d IL.
.'.-.''. =. ! -.' =. :..'..,