Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1872-10-24


= letter addressed BY The chais-
y Raiional Democratic Commit
As- Schell. to Hon. Il. II. T.
" - Sya-. asking his opinion on The
neal policy of The country.
ca replies AZ length. We quote
'ne ins. which viii no doub. nee.
~ bbasion Of tie great mass Of 20
' kghout the country:
d the war closed they had ~
Il w.s rot 70 impose new tax
Va work Of some difficulty. but
- ssse old, which cughtnot 70 have
oesn blesome when they had 5 people.
e.r case, not only able but viii
me " whatever was fairly required
6overnment Under such cir
PES the true policy would seem 70
- = 20 impose Whatever taxes were
~. ~ : NJ 10 pay the proper expenses Of
Ikrnnient, the in;eree. upon the na-
- U.s. and Little upon the princi-
e to maintain the public credit
nnimpaired. To have gone be-
yI. Retained taxes enough TO pay. in
IT,. stis, large amounts OF the
80. setsto have been un-
cruel A people
la.rriei and VlslQo >pssa11a .usvs--.-s-s-
such war ought no. to have been furth-
CT exhausted By being required 10 make
large payments, which could have done
So much better fifteen or twenty wears
hence, and which were neither required
nor desired by the public creditor No
uatioa ef respectable financial authority
has ever set such an example; and no
good reason, rs II seems 20 me, can be al
legged Ter the course. The very use or
public credit Is to enable 4 nation to raise
what unexpected emergencies NAV require
~ ioas; and, when the sun is 100 large
- be met BIZ immediate taxation, to ti-
ride the payment with posteri;v. who
share in the benefits. To impose tic whole
burden, or any considerable portion of the
whole burden, upon the present genera
tioG seems never to have been thought Of.
except bv our Radical legislators. In
Great Britain, whose example in matters
Of finance is esteemed the highest among
nations. the practice Is, when their sTs-
TEN C. revenue produces surplus, instead
Of employing that TO pay off debt, whose
payment is not desired bv the creditor, to
remit some tax which is supposed to be
among the most oncrous. This is under
the very reasonable theory tina; money
left in the hands ofthc people will increase
at more than IN arithmetical ratio, and
THAI they will thus become able TO pay the
debt sooner, in reality, than il they were
10 attempt to pay it in considerable por-
tons ut once
Who can doubt the present ability of
that kingdom to pay OF double the amount
Of national debt as compared with what il
could hare done, even ~ tie death oF
George "? The late Thomas Ewing.
az Ohio, 4 man ofdi-,inguishcda ability ar
large experience, told no that whom Ohio
made It's FIRST large leap in The intcrnr! I'M
provamGnt system the finrncicrs of the
State became ALARMED for consequences ;,
and consulted him rs 10 what was best to
be done. He Z, 4 tnem to dismiss their
fears, to lay Ia ! enough to pay the ne
cessary excuses Of the Government, the
i2Sslss. sishs6snblic debt ard little Of
the ee!hcIpal This. he said, would pro-
serve their public credit inspire conf
deDee, and enable their Government 10 g
IN smoothly until tha rcspurccs Of their
people outgrew their State debt This
advice. no said. was followed. and the
people soon DEVELOPED n capacity TO paw
much more than they owed, without diff
Guilty or suffering
Our national d"ht IS large, 10 be sure,
but onr people will soon develop the ca
paci'y to paw /: without difficulty, if lit
tie t!san he given and the revenue system
shall be modified upon sore reasonable
principle Of finance We are now sup
posed to be 40 400, 600 Of people in
thirty or forty wears we shall probably
double tina, number, and our resources
will doubtless increase In more than Ii
rect ratio 10 the population. WHY, then.
should the people be hardened with op-
rressive taxation Just now? WIZ should
they be expected to redeem $50 900. 600
of the principal Of the debt in addition
to the interest and the necessary EXPENSES
Of the Government? Il is not required
either by the demands Of tie public cred
itcr or sound policy. It cratiGes ride
ulcus vanity Of the Radical party. hat sub
serves no great public interest thus to tax
and cypress the people. Ifthis large rev
enue had been raised opon true financial
principles, SO as 70 burden the people as
little as might he necessary 10 collect such
sum, there might have been Iittle more
reason for the seif-satisfaction out more
bunsllng, depressing system of insnce has
probably never been devised BY civilized
people. Well might Mr. Wells say in bis
report of 1863 THE maintenance of.
IN average duty Of IL per cent. as under
the existing tariff, upon all dutiablo i'm
ports, is excessive ami unnecessary, and
opposed alike to the highest interests of
civilization and humanity, as vel! as to the
proper and healthy growth Of all domestic
commerce and industry"
krIo the State ELECTIONS - October,