The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1874-11-26
Reduction of State and Local
Taxes.

deduction OF state ana Local.
Taxes.
The utmost reduction of all direct taxes
must be insisted upon by the people.
Within a few years county, township, and
municipal taxation has enormously in
creased, and become almost beyond en-
durancc, throughout the Western States.
Steps must be taken to retrench these ex-
penditures, as well us those of the Nation
al Government, and choke down the in
satiable greed of the local tax-eaters, be-
fore all the surplus earnings Of the in
dustri us classes are confiscated by those
taK-deyourers.
The Currency.
Plenty Of currency for all the legitimate
wants Of the country, with Elasticity us to
quantity. and Stability as to value by con-
vertbility into coin. An end should be
put to the continual fluctuations in the
value of the currency, which inflicts in
calculable injury on industry and enter
prise, as it introduces an element of doubt
and uncertainty into all transactions, and
makes business little better than gamb-
ling. 1t is a National disgrace as well as
evil for the monetary standard Of values
to be kept in such vacillating and change
able condition.
No Reputation.
The Tribune will sternly combat rcpu-
diation OF public obligations in the forms OF
watering and debasing the currency or
any other guise It may assume. For
every dollar out of which the public cred
itors may be cheated by any form OF cur
rency dilution or reputation the people
will suffer the loss of a hundred which will
result from the destruction of credit that
will fall like blight on State and Munic-
ipal Governments as well as on corpora
tons and individuals. The national cred
it must be maintained pure and unsullied,
and, like the virtue of Caesars wife, above
suspicion.
No More Subsidies or Bounties.
Subsidies and bounties Of public lands,
money, or credit to enrich railroad rings,
run steamship companies, or furnish cap
ital to other corporations, are tiagrant
abuses of the powers of Government, and
tend to promote corruption, extravaganza,
and peculation. The Tribune will there
fore in the future, as in the past, fight all
such schemes of public plumber.
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