Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1877-09-12


without paying tax has bal forty al. |,
arg for hls.n' A, though a bd,.dholder |
ma exempt from taxation, IN fAtp,,
1ags'S great deal yhskayier tax t,.,Anfl
loes y: The former furnishes mddibaaT
q me Government at a low ,.nae aTd
nus redtices the amount Of INV y b;chi
MIA - i1 sh wSaid have 70 DO rs .sa
lie bond. 4 sss t. !. 4srIy paying q tax on |
litior z.sow, SUPPOSE that in adj
20 this,lowi rate Of interest, you
,ax his. bond as you tax BIS
note, then A. ~ would have f$25
left for the use of his 81 !, 900 for a year,
and B would stillqhave 985left for the
use of his 81, GOO for. the same time.
Now, ought NOT, any man to be
ashamed, TO advocate = policy which
would produce so unjust result 7
But let us make the case rs strong ~.
It can be, made against "a. Let his
bond be 6 per cent. Then hewouh
get $50 for a years use Of his 81, 600
and he would still pay no tax. Now,i
tSss hTsse It : pes ssas. Would require W
him to nav S3O:: bnt he would still
have left go. or $40 more than a.,
.A'st ioss, as compared with B, ia the
'G overhmenps gain, and the latter,
pets as much benefit from IL as does
the FORMER. No doubt You think in
face 81 the firures; that d party Is in,
email bttsfness when Il insists that in,
jusfice . IF this Kind shan be done.
But see how these silall rates Of inter-
est swell Tito d magnificent aggregate,
when Ah5lied to the vast Transact ons
81 the G ovcrnYnent relative to it's
funded debt. Since the first of March
last, TIE e overnfncf,t refunded $l35,,
100000 of its 6 per cent. bonds in Az
per CENTS. This is q saving for all the
future Of about $2, OOO, 600 & ycar. Re-
Gently 1t has sold ST. 500, GOO Of, 4 per
cent. bonds xnd retired alike number
of6 per cents, thus working another
saving OF II, 556, 600 per annum, or a
total for cach year Of So, 55G, 600. An
observance Or good faith by the Cow
eminent, and the people will, in time,
Bring the entire funded debt of the
country I'd this low standard Of inter.
al. III - ia9I5a IN l'l1lf Iag a,.
I do not care to follow these imam
cial questions much further. Now
|that CHA mas slronned ~ az ner cent.
nremint,1s 81 m q roam mnt;nn fh,,phaar
of,rNt not TOT friehfen any3 one very
mich. Tflwe have M inindioious
financial tiukering. when Congress
eefs tooefher IN October. the country
VIII gn} i,1tnl ia silver shoes and col.
tien ~ fbnccrrs heforr the timc fixei Nv
| law for fhe hat,neninp Of that event,
The laws 81 trade are doing the work
Isilentir bnt snrelv IF Congress- vii
onIv he co,1tant to take care of poi-
tics. and Ief fhe business of the conn.
~ ainnn. lvre anil cot IN and AZ wail
Tka f.sar mat some nnw;aa thing vii
he done Ia Tho great construction in
/ onr wav now Rnt tha conet;tnt;on
az Tho two Houses ia almost certain
IL avoid this danger. and tho Rennh.
l;can nartv hss mt The general finan.
ciaI affairs in snch GOOD shane tina,
we have great canse for conUratnJa.
lion. Financ;allv VIC shall IA we'll.
| If we but keep our promises unbrok.
on. Let ms avoid ali violations ofthe
public faith. Following these rules
we can but improve our condition,
and soon will reach that solid basis
which gives paper money the ring Of
gold. We have waited long for the
coming of this end. It is coming
quietly and naturally. Let us drive
lit to no backward step Noilaw can
hasten it, nor force quicken its mace,
If the conditions are ripe for ia al.
vent we may hear the ringing of il,
coin over eur counters and in the
pockets Of the people before the lsl
day of January. 1879. If the condi
ltiona arc otharwieo Tho dof;n;ta dot,