The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-10-12
NIsRULE AND HARD TINES
SOUND CURRENCY.


currency, restore the public credit and
maintain the national honor.
We denounce the failure for all these
eleven wears of peace TO make good the
promise OF the legal tender notes, which
are changing standard OF value In the
bands of the people, and the non. pay
ment of which is a disregard OF the plight
ed faith of the nation.
We denounce the imProvidence which,
in eleven years of peace, has taken from
the people in Federal taxes, thirteen
times the whole amount of the legal-ten-
der notes, and squandered four times their
sum in useless expense, without accumu-
lating any reserve for their redemption.
INFRINGEMENT AND RESUMPTION.
We denounce the financial imbecility
and immortality Of that party which, dur
ng eleven years Of peace, has made no
advance toward resumption, no prepare
ton tor resumption, but instead has oe-
structed resumption, by wasting our re-
sources and exhausting all our surp lus IN
come; and, while annually protesting to
intend speedy return to specie pay
ments, has annually enacted fresh Mn
ORANGES thereto. AS such hindrance
we denounce the Resumption clause OF
the act of 1876 and demand its repeal.
We demand n judicious system of pre-.
paration by public economies, by official
retrenchments and by wise finance,
which shall enable the nation soon to as
sure the whole world of its perfect ability
and its perfect readiness to meet any OF
its promises at the cali of the creditor en-
titled to payment.
We believe such system, we'll devis-
Ell, and, above all intrusted to competent
hands for execution, treating Mt no time
an artificial scarcity of currency and at
no time alarming the public mind into a
Withdrawal of that vaster machinery OF
credit by which 95 per cent OF all busi-
ness transactions are performed-a sys-
TEN open, public, and inspiring general
confidence, would from the day OF It's
adoption bring healing on its wings to
all our harassed industries, set In motion
the wheels of commerce, manufactures,
and the mechanic arts, restore employ
ment to labor, and renew in all its natu-
raj sources the prosperity OF the people
REFORM IN FEDERAL TAXATION.
Reform, IS necessary in the sum and
modes of Federal Taxation, to the end
that capital may be set free from distrust,
and labor Lightly burdened.
We denounce the present Tariff, levied
upon nearly 1000 articles, as master
piece of injustice inequality, and false
pretense.
1t Yields dwindling, not yearly ris-
ing, revenue.
Il has impoverished many industries to
subsidize q few.
1t prohibits imports that might pur-
chase the products OF American labor.
1t has degraded American commerce
from the first to an inferior rank on the
high seas.
II has cut down the sales Of American
manufactures at home aud abroad, and
depleted the returns of American agrl-
cuiture-an industry followed by half
our people.
1t costs the people FIVE times more than
| it produces to the Treasury, obstructs the
processes of production, and wastes the
! fruits of labor.
! 1t promotes fraud, fosters smuggling,
enriches dishonest officials, and ban krupts
/ honest merchants.
We demand that all Custom House tax.
alton shall be only for Revenue.
REFORM IN PUBLIC EXPENSES.
Reform is necessary in the scale of Pub
lie Expense-Federal, State and Munich
pal.
Our Federal taxation has swollen from
TO millions gold, in 1860, to $50 millions
currency, in 1870; our aggregate taxation
rom l54 millions gold in 1860, to 73C
millions currency, in 1870; OF in one de-
cade. from less than s. per head to more
than SIS per head. .,
Since the peace, the people have paid
to their tax gatherers more tnsn thrice
the sum of the national debt, and more
than twice that sum for the Federal Gov
eminent alone.
We demand a rigorous frugality in
every department, and from every officer
of the Government.
THE PRoFLIGATE wAsTEs.oF PUBLIC
Reform IS necessary to put stop TO the
proaiqste waste of public lands and their