The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1876-07-27

promise of the legal tender notes which
are changing standard of value in the
hands Of the people, and the non pay
ment ofwhich is disregard ofthe. plight
ed faith of the Nation. Il
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 tender
notes, and squandered four times their
sum in useless expenses with out accumu-
lating any reserve for their redemption.
We denounce the financial imbecility
and morality of that party which dur
ing eleven years ef peace, has made no
advance toward resumption, no prepa-
ration for resumption, but, instead, has
obstructed resumption by wasting our
resources and exhausting all our surplus
income, and, while annually protesting
to intend speedy return to specie pay
inehts, has annually enacted fresh hind
rances thereto. AS such hindrance we
denounce the resumption clause of the
actof 1875, and demand its repeal.
We demand judicious system of pre-
paration by public economies, by official
retrehchments, and by wise finance,
which Shall enable the nation soon to
assure the whole world of its perfect
ability and its perfect readiness to meet
any Of its promises at the call of the
creditor entitled to payment.
.j NebeHeVe such a system, well devised,
and above all, rintrusted to competent
hands for execution, creating at no time
an artificial scarcity Of currency and at
no time alarming theipubie mind into a
withdrawal Of that ivaster machinery of
credit BY Which ninety five per cent of
all our business transactions are perior-
med Ia system open, public 5and inspir-
ing general confidence, would, from the
day Of its adoption, bring healing on its
wings TO all our harassed industries, and
setih motion the wheelso commerce,
manufactures, and the mechanic arts,
restore employment to labor and renew
in all its natural sources theprosperity
thepeople. s'' a'.' h' o''a l'H0H2 l,5
REFORM OF THE TABIFF-FREE TRADE.
Reform is necessary in the sum and
modes of Federal taxation, to the end that
capital may be be set free from distrust
and labor lightly burdened. . gd
We denounce the present tariff, levied
upon nearly four thousand articles, as a.
masterpiece of Injustice, inequality and.
false pretense. 1t yields a dwipdling,
not yearly rising, revenue, 1t has i'm
.poverished many industries to subsidize
"a few It prohibits imports that might
purchase the products Of American, labor
1t has degraded American commerce.
from the first to an inferior rank upon
the high seas, It has cut down the sales
ofAmerican manufactures at home and
abroad, and depleted the returns OF.
American agriculture, an industry follow
ed by half our people, ,.ni,;, ,,Ji. n, i.aD
1t costs the people FIVE times more than
it produces to the Tresury, obstrpcts the
process. of production, and wastes the
fruits oflabor. 1t promotes fraud, fosters
smuggling, enriches dishonest officials,
and bankrupts honest merchants. We
demand that all Custom house taxation
shall be only for revenue. .,.l.
REFORM ECONOMY IN PUBLIC EXPENSE.
Reform is necessary in the scale Of
public expense, Federal, State and mu-
nicipal. Our Federal taxation has swol-
len from 500, 900, 900 gold, in 1860, to
$45o, ,ooo, 900 currency, in 1870. Our ag-
gregate taxation, from 81 54,ooo, 900 gold,
in 1860, to $3.50 900 900 currency, in 1870,