Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1875-03-27


Every aga has hal some marked
PECULIARLY in civilization, custom, or
art, by which it can be designated
In art, We have the Stone age, the |
Bronze age and the age Of Iron. The
ruling element Of inventive genius,
was peculiarly developed in works Of
art, in certain ages in the above
metals. This age is, and truly will lie
represented in history as the age of
Debt. 1t is It's marked and peculiar
feature, and however much we may
boast Of the increase of knowledge,
the progress in art and science, we
most assuredly can, SO far as art has
carved an unlimited numh?r of most
beautiful bonds. Ifspread out tbs world
would be carpeted with them ifpiled
up no mountain would stan the COM
parison We have national debts be-
yond the finite to comprehend. Enor-
NOUS State, city, county, town and
district debts. The whole country is
mortgaged many times over. To be
sure our national debt is not so much,
per capita, as in several of the nations
of Europe, but to this should be added
all of our more local debts, from the
State to the school district. Two of
the more prominent causes for this
enormous burden OH the industries of
the people, are found in the reckless
prodigality of the age and in the ex-
cessive abuse of the credit system.
International Improvement has been
the cry and the rage till almost num-
berless cities and towns are bonded to
the verge Of bankruptcy. Every place
must have its railroad else it is no,
in the world, and men are niggarIly
and mean, and not "public spirited
unless they are willing to mortgage
the home that shelters their families
to aid in building up these great pub
lie swindles-not necessarily, but il
fact they are so, through the far see
ing moral turpitude of human nature
1t is said that nations are stronger by
having q heavy public debt. 1t may
be true where the money is loalel b!
it's subjects, but in no other. n,
farmer has much liberty that has t.
scrapc and pinch and devise ways am
means to have his income m ct his in
terest, neither Can he improve him'al
or farm much, and the same is true q
nation. True and manly lndepend
encc is in obeying the apostolic pre-
cept "owe no man." and is the tru
foundation CT national wealth.
People in the past two years are be
ginning 10 stop and figure, and think
ifnot the whole country would hay
been made bankrupt by railroad
alone. The Commissioners Of Tax;
ton have but just reported the follow
ing facts to the Massachusetts Lcgi>
ture:
That in the last four years the Stat
has increased in valuation 20 per cen
That IN four years they have increase
their tax levies 80 l-2 per cent. Tha
in four years they have increased thei
municipal Indebtedness 1870 per cen
Hard times have not ground us as
people sufficiently yet, but goo
omen is that this question is beginnin
to he discussed before we have con
mittcd financial suicide. And I'll
next great political question is TO be
financial one. We want clear head:
politicians as we'll rs clear-hearteC
careful, prudent, saving, mee, to |
placed in authority, that will first sto
the increase Of our debts, and devils
wise and honest measures to pay thos
already created.
RAILWAY Accident Mt Havarhil