, 1873-07-21

FROM GOV. CARPENTER, or IOWA.
DEa MONIES, July il, 1873.
=. I have your postal card containing copy Of
tho farmers aud Peoples Anti-AIonopoly flnt-
form, and, as you aak for an answor, I will
briefly comply with your request.
iB termed tho Declaration, and nm not only op-
posed to oil tho ateals narnod theroin, but to al
atoala Of whatever character, affecting whatovor
class Of citlzens they may.
.Second-I unhositatingly md uuqualinodly on
dorso the first, fourth, and fifth paragraphs, or
divisions, of your platform; and enolosc you MI
address Of nino, Which covers some OF tho quos-
tions involved thoroin.
Ihird-I I'm not quito suro that fully UNDER
stand tho second division Of your plat
form. II you mean to donounce tho
theory Of Indirect taxation, or in other
words; Of raiaing revenue by Il tax on for
eign imports, do not agreo with it, Us belioyo
aboliahng tariffs and rcsorting to d,ract taxation
to support the Government Is utterly chimorical
and nlusory. But, II 1t moans that, when suiIl-
elont revenue has boon raised to support tho
oa ho Ind pnSsy 2 @ eS ] 9Sa hs IN
small ainking-fund to gradually reduce tho prin-
cipal, then no additional levy etould bo made
soloiy to encourage home-mnnufacturcs, I am
heartily With you il that particular. If We rniBo
about $500, 900 900 per annum-t,e amount ro-
quirca for the purposes named aboyc--by our in
tornal royenue eystom coupled with taxos upon
imports, our rhome-nanufactures must nccossRri-
| ly in measure, bo encouraged; as any tax upon
articles Of foreign manufacture which may 10 pro-
duced in this country will discriminate in favor
| Of their production horo. And, whom the tax is
levied on foreign imports so1oly with
tho Wow OF raising necessary royc-
nuo, who will be injured because
the indirect effect Of the Tux may lend to tho
| tablishment Of shops and tho employment of
men to manufacture like articles in o,'r own
| country7
Foutth-I mn not satisfied TINT I ,undor-
stand the full purport Of tho third division
i'll your platform. II it is tho purpose oi
your party to apply tho experience Of the
past TO- securing creator perfection iu on
amendments such provisions in tho law AZ fail ,e
moot the wants Of the people, every patriotic
citizen should aid in furthering that object
But, If tho idea iB to omasculato tho system. il
seems to me, if successful, it could not result
otherwise than in great harm to the country mt
to the interests Of the entiro people. 1t is with
IN the memory Of all who arc past middle ngt
that, prior to tho establishment Of our preseI,
banking system, 1t wss difficult for business MOI
to determine whether they had money capable O.
currency, which answered your puvposo
very we'll in Illinois was frequently subjected tt
provoking shave and scroua loss to tho loldo
whom tho exigoncioB Of business required its us
in New York AL this has been reformed by til,
Republican party, IN giving. tho country tol
1ieye that tho interests Of tllo peoplo will b.
Hubsorvod by retaining our present systonl sub
stantinlly aa it Is. 1t doubtless might DO i'm
proved by moro securely guarding any poasibi1it,
OF charging uailriouH interest," and by giving !
greater tlexibility to meet tho demands Of trad
under circumstances, liko the moving OF crop
during the fall but, aa general 6ysteln, it !
tho safest and hest banking lazy ever devised il
q. G. CARPENTER.