The Grange advance., 1874-06-10


900 to $350,O00,000. Everything is
to be raked up and estimated at its full
cost valuation. If destitute Norwe-
gian, in the timberless frontier: bur-
rows in a hole in the ground, certain
value is to be affixed upon the hole and
its straw covering; and next year. un'
less he pays State rental upon the
hole, he will be smoked out
$35O,00O,OO0.
This is the sum, according to the fto-
neer, that will be registered in the
State Capitol against the property of
the people. Upon this basis taxes will
be levied, and for that reason it may
prove the most dangerous record that
could be conjured up. The rates of
taxation may be reduced from 4 to 2
mills on the dollar, yet the tax bills be
doubled in amount to former years.
The tax collector can assure persons,
when he presents his bill, that the rates
have been greatly reduced from the
year previous, yet the farmer finds that
the bill he has to pay has increased
from $50 to 800.
He has been made rich just as the
Austrians were unwisely made poor.
The Austrian government owed the ma
ton a vast debt, to pay which it issued
greenbacks to the amount Of hundreds
of millions of dollars. The government
determined never to redeem these green
backs, and passed law writing them
all down to 20 cents on the dollar. At
one stroke Of the national pen the peo-
pie lost eight.tenths of the value Of
their property. Our system is differ
ent; we with stroke Of the State pen
increase the wealth of the people for
the purpose of taxation from 100000:
900 to $350,000,000. The Austrian
system knocked the people over by a
sudden explosion, and does the work
more artistically. We set up the pins
! and then make ten-strike.
Views of the Situation on the Finance
Question.
A special telegram to the Inter- Ocean
says:
| WASHINGTON, June 5. - The cur
rency conference was all ready to
report their agreement to-day upon
the propositions telegraphed last night,
namely, 37a per cent. retirement Of
greenbacks, the abolition Of reserves on
circulation, and resumption of specie pay
ment through the redemption of greenbacks
in gold bonds on Jan. /, 1873, but upon
meeting the views Of the President, as ex-
pressed to Senator Logan and Representa-
tive Farwell, we're made known The
President would sign such features as men,
toned above, except that he insisted that
the time for the resumption Of specie pay
ments should be fixed for January, 1877,
he giving as reasons for this date that he
was determined to bring the country to
specie payments during his present term.
These views of the President, and the pos
tive understanding that he would not sign
a bill which did not provide for specie pay
ment by Jan. l, 1877, caused long dis
cussion in the committee to-day. Both
sides were greatly dissatisfied with the po-
sition taken by the President. The hard
money representatives were not in favor
under the circumstances Of fixing the specie
date as early as January, 1877, and the
friends Of expansion were very reluctant
to yield for an earlier date than January,
1873. They, however, finally indicated
their purpose to sink their own views as
far as was necessary to secure the Presi-
dents signature, solely for the purpose OF
obtaining definite action of some kind, 50
that the business men Of the country might
know what to expect, and that the present
uncertainty might be removed.
| The Chicago Times special dishes il
as follows
These emphatic views Of the president
which he has embodied in letter to Sena
tor Jones, instead of amessage to Congress
are very distasteful to the western repub
lican infationtsts, who do not hesitate tt
reply, in terms equally emphatic and more
uncomplimentary- going so far as t,
declare that the president is going over tt
the opposition party, as third-term can
didate. To sustain this, they also declare
that Grant is desirous of an opportunity tt
veto the civil-rights bill. One Of tn,
colored southern members says he is as
sured of that.
|. B@r We will give each and every one