The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-08-05

cies OF the Federal Gov
ern ment \ waste OF capital has
been going on ever since The peae of
1868, which could only end in univer-
sal disaster, The Federal taxes of the
last eleven years reach the aggregate
sum OF ~, 900 100000 aud local taxa.
ton has amounted t. two.thrds as
much more, and the vast aggregate /,
not less than SI6OO,0 600 00n. This
enormous taxation followed civil
conflict that had freely impaired our
aggregate wealth. Ii was aggravated
Toy II most unscieuti,io anu ill.adjustrd
methods OF taxation that Increased the
sacrifices OF the people far beyond the
receipts OF the treasury. Ii was agra
waited, moreover 10y financial policy
which tended to dlminish the energy,
the skill, and the economy OF prOdur.
ton, and the frugallty OF private con
sumption, and an undue miscacuM-
ton IN business, aud an unnecessary
use OF capital aud labor. Even in pros
| porous times the daily habit OF indus
triouS communities press closely upon
their daily earnings. The margin OF
pos Idle national savings ~, at best,
ing, yet, now for these eleven years,
the governmental consumption has
been larger portion otnatioual earh-
ings than the whole people can posi-.
Oily save even In prosperous times. In
speech made by me- on the eth of
| September, lSBS, IL was said OF these
taxes that they bear heavily upon every
mans income, upon every Industry aud
every business IN the country, aud year
| ty year they are destined TO press still
more heavily, unless we arrest the sys
TEN 1t was comparatively easy when
| values were under repeated issues OF
| legal tender paper money, TO pay out
of growth Of our growing and appar.
ent wealth OF these taxes; but when
values recede and sink towards their
natural scale, the tax gatherer takes
from us not only our income, but our
profits also IL portion Of our capital.
do not wish to eXnggerate or alarm,
but will simply say that we cannot af.
ford costly and ruin0us policy OF the
Radical majority Of Congress. We
cannot afford that policy toward the
South. We cannot afford magnificent
and oppressive centlalism into which
our government il being converted
We cannot nlt lrd the present magniii,
| cent scale of taxation. 10 tie secretary
OF the treasury, said early in 1868,
that there Is no royal road Tor gov
eminent more, than for an individual
or corporation. What you want TO do
now is to cut down your expenses,
and to live within your income.
would give all the ledgerdemain OF
anco aud ilnanceriug, | would give the
whole OF it for the old homely maxim,
live within your income, this reform
will be resisted at every step, hut il
must be pressed perslsteuly We see
to-day immediate representative OF
the people in one branch of Congress,
while struggling to reduce cXpendi.
lures compelled % c>nfiInt The men.
ace OF the Senate d the executive,
and that unless objectionable appro
baton be consent I'd to the operations
of the government there under shall
sufltr doriment or cease. In my iudg.
ment an amendment OF the |
Constitution ought to be |
raised, separating into distinct bills
the appropriations tor the various de
partmeuls of the public seryi,e, aud
excluding from each bill all appropri- |
ations for other objects, and all indie |
pendent legislation. In that way alone |
can every power Of each of the two
Houses, nd of the Executive, be pre-
served aud exempted from the moral
duties which often compel assent to
Objectionable appropriations rather
than stop the wheels OF GOVERNMENT
An accessory cause, enhancing the
distress in business, is to be found In
the systematic and uusupportable gov
ernment imposed on the States of the
South. Besides the ordinary effect OF
ignorant ana dishonest administra-
ton, it has Inflicted upon them enor-
nous issues Of fraudulent bonds, the
scanty avails of which were wasted or
stolen, and the existence OF which lisa
public discredit tending to bankruptcy
or reputation. The taxes are gener-
ally oppressive, and in some instances
have contiscated the entire income of
the property and totally destroyed its
marketable value. 1t is impossible
that these evils should lot react upon
the prosperity of the whole country.
The nobler motives of humanity con-
cur with the material interests of all
in requiring that every obstacle be re
moved to complete and durable
reconciliation between kindred popu-
lations once unnaturally estranged
On the basis recognized by the st.
Louis platform, that the Constitution,
the its ameldmAntr now univer-
sally accepted, is final settlement of
the controversies which engendered
the late civil war, the moral influence
of every good citizen, ms well as
every government authority, ought
| 10 he eXerted not alone to
maintain there equality before
| law, but likewise to estallis cordial
fraternity aud good will among the
citizens, whatev, their race or color,
who are now united in the one destiny
of common self government. If the
duty shall be assigned to me, should
not fail to exercise the powers with
which the laws and the constitution
of our country clothes its chief magis-
trate to protect all its citizens, what
ever their former condition, in every
practical and personal right Reform
is necessary, declares the st. Louis
convention, to establish sound cur
rency, restore public credit and main
tain national honor, and 1t goes on TO
demand u judicious system OF prepara-
ton by public economy, by Official re
trenchments and by wise finance,
which shall enable the nation to as
sure the whole world of its perfect
ability and It's perfect readiness to
meet any of its promises at the call of
its creditors entitled payment. The
object demanded by the convention,
is a resumption of specie payment OF
the legal tender notes of the United
States, that would not only restore the
public credit aud maintain the nation
al honor, but it would establish a
sound currency for the people. The
mode by which this object Is to be ut
tanned, are disclosed by what the con-
vention demanded in the past, Re-
sumption of specie payments by the
government of the United States on
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