The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-10-24
The Opinion of Competent and I'm.
partial Observer.

While the financial policy pursued
during and since the war by the govern
ment Of the United States is denounced
and maligned by the leaders of the Dem
ocratic and Greenback parties, it is
worth while to read what is said of it by
an eminent English statesman, distin-
guished equally for his surprising intel
lectual attachments, his long political
experience, his purity of character, and
his practical as well as theoretical knowl-
edge of finance. Here is what the Hon.
VIM. E. Gladstone, late prime minister
of England, in a recent article in the
North Anserica's RevieaO, has to say of the
financial policy Of the United States as
conducted by the Republican party
since the war: 4 .....r.. -
More remarkable still was the financial
sequel to the great conflict The internal
taxation for federal purposes which before
its commencement had been unknown, was
raised in obedience to an exigency of life
and death, SO as to exceed every present
and every past example. 1t pursued and
worried all the transactions of life. The
interest of the American debt grew to be the
highest in the world, and the capital
touched 7O0,O0o,oO0. Here was provided
for the faith and patience of the people a
touchstone of extreme severity. In England
at the close of the great French war, the
prOpertied classes, who were supreme in
parliament, at once rehelled against the
long government, and refused to prolong
the income tax even for single year. We
talked big, both then and now, about the
payment of our national debt, but sixty
three years have now elapsed, all of them
IIol 81
have reduced the huge total by about one
900, 600, or scarcely more than 81, 260,OO0
year. This is the conduct of state elab-
orately digested into orders and
degrees, famed for wisdom and FORE
thought, and consolidated by
long experience. But America con-
tinued long to bear, on her unaccustomed
and still smarting shoulders, the burden of
the war taxation. In twelve years she has
reduced her debt by 1854, 900, or at the
rate of $62, 800 900 for every year. In each
twelve months she has done what we did in
eight years; her self-demand. self-denial,
and wise forethought for the future have
These are facts qohtch rebound greatly to her
honor, and the historian will record with sur
prise that an enfranchised nation tolerated
burdens, which in this country a selected
class, possessed of the representation, did
not dare to face, and that the most unmiti.
gated democracy known to the annals of
the world resolutely reduced at its own cost
prospective Liabilities of the state, which
the aristocratic and plutocratie and mon
archical government OF the United Kingdom
has been contented ignobly to hand over to
posterity.
WHEN man takes his family out of
town for the summer, and discovers,
when they are 439 miles from home, tina.
his wife, from force of habit, just slipped
the key to the front door under the door
mat when she came away, he gets SO mad
at her unparalleled stupidity that he
doesn't recover his good humor until it
is discovered that he, after he locked the
trunk very carefully, put the key in the
! dining room clock.