The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1880-07-08

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4 las'la " ~ unm.~sAresl vsil, w siss
snsis hlnsl I, u ~ saras.n., sls~sr,sins
s'l ''e istnr~ n hamnn hNlsianr~@. VII
rrMsanms rAss,, making hirs pathway
h.f~i~s. anil rslsssins ~ Temptation.
which ,ir,~n m~n'. ~onla In r~rlissrn.
NHtmnal ae,a u equally ~ mose H..
rts,~.ir N N. srMlrnrir% AMI l~fnirnm.
IN H. eiIss'ss l~~si,,l, with This ,lilFf.
enee, National slcla u 4 "~~irss whlrl.
u In ,,sstt h, a l,ast N i,~elf, anil thu
ecnrrwl r~ult II that 4 part M thi~
~~'iris n Impoverished ~ enrich The
creditor part.
Tho insrrvrl on ,his nNtlonNl ,,cla II
nurs II 4 tsntinMsl ,lrrin ulrn tm lal@t
IL the eMntss, ~nrrinH TIM l,rutls III
unr inlnr,ries Nnd NlM,kiMu Tin r,lnra.
,'.,,al Nn,l ~,mmercial cntrrrfircs II unf
r-,,l".
Sinrc 1870 wr have refunded h. nm
amount which, ~ Tho r,ln~sl rntrs IL
intersHt, NnuNnts ~ MI annual drain IN
YEARS VI rnm~ ean. INN, MN. nnd when ,hc
entire interest. t.lsMring ,lelA shalt Inv.
ls~n refunded In l.lrr.rrnt. la,n,l~ W.
will hnve M annual interest charge IL
al~Mt e13. NM. NM. nn,l this r,slnc,-t ra,.
~ inirrcs, will in forty years amount Il,
~. sss,. NM, NM. Mnl IN Nifty years, thc
time Nlv,Tatcl hy ~nmc ncmlMrs IL
tsn,prr.H for these lHm,lH IN run, thr
interest will amount ~ &i. .kH,. NM, nm.
This immense x,,m III nan.irs In ~ ,s,,ne
trum thu lalMr II this country, mud that
onls tu discharge thr intcrc~t on prin.
rilml nrarly twu.thir,ls M large, whicl,
must also W. finally Cancelled by tho hnr,l
earnings III labor.
Nnw add thia annual drain fer interest
~ The estimated expenditures, exclusive
u the sinking f,nd, and y,M hnve IN
annual expenditure ~ Aa1l. .0Al, NM,
whiel, amount. multiplied hy toriy, the
nn,nlWr " years contemplated hy this
rcfnnsling scheme. aMl yon have tlc
snm ~ 4N, ,sIaO, INN, NM, and II multiplied
ly tlf,y, thu time suggested hy some.
even II thu rate ~ III lWr cent. ym,
have TIM incalrMlnhlr n,lnl III from ton "a
eleven hillionH " ,lnlinrH ~ lc extracted
from thu lnlnr u this cni,ntvy Within
thc time specified.
n there sl,oald lm nj war. no increased
Extravaganza, NJ multiplied rinrcurrS,
NJ augmented appropriations, this Il thu
amount which must M rNirrh ly taxn.
.inn within tho NEXT tltty years nnl ~
thu aforementioned rnt. ~ interest
al this exclusive II tho principal " The
national debit.
w. Mrc told ,hnt The country will III.
crease In wealth, an,l tlcsr figures
should MT alarm IN MWaulr,, III IT,.
icM,ling tho national dclt Mi,d funding
system u England, say. u iM opln.
lrtta
Tile, made tia allowance tnf The rfTWt pre-
stnad " III i,aea.Ani pnvls.s II esst, sslsf.
iN,sttAl ~strtue AMI l,y tle tNet#sant rNulis II
EVERY nati IL sst ~, III lIfe, Tiny 2a~ tia, ihu
,l,la gtes. and tles tnsHa that otmr th,R.
grew A. will ~ the irla. llns gnHtis nsr,.
rated ilp iurlon tlHy greatly .,ndsflatsi ihs
a,rcnpil, i, Nli.l TN burden ~a- H. i. hat,r
Would II ,nt have lrcn we'll for this
distinguished historian AMI mcn who
synlmtii1c In hin views. inrtca.l W spec.
nlAlilg N ~ sle weight and burden II
nation eun l~nr Will, progressing insl,ls.
trieA,ia turn their attention ~ the ls,ssi.
hlc r,na,Nul II TINT wright mud burden
Instead II tentinH TIN capacity II \ ep,,n.
Try Ia lenr taxation, rather Hs'ek tn lcsHoli
and c,lunlixc taxation. Thu question. IN
View IL thrno startling figures juNt nl,-
noancr,l, IN net whether the United
htatcr ran grew In wealth will, this hnr.
don rsting nlAM tho shoulders III iir III.
lN,rinu reputation, hut rather hnw m,,ch
faster would thcxu HtNtcs develop, whit
richer rewards would lAlMr enjoy, aud
how much morn equally would wealth
In distributed.
Whit " taxation 7 Tho annual III.
united l,r,.lneo u its agriculture, manu-.
fnctnrrs mud commerce. Taxes ure II
certain proportion W thu annual income
levied fr the public service. In otler
words, they ntc certain proportion III
Tho income III thu lMlMrer. thu farmer,
lhe merchant aud manufacturers, nl,.
KtrHetr,l for tlle use III the tlnselnnent.
The portion III income the different
classrr eAn nllprnpriats IL thir ln,rls~e
without crcatlng national poverty and
misery Ii limited. II taxation he cnf,
ried iNyond this limit, tho nu'cssarirs
III lifc II tlM lAlNrinE elMsxrN will he
abridged /; the profits " trade and Agri.
culture will lM NJ fMr reduced TINT eapl.
tMl will diminish nr rUls.a ~ IN employed
or transferred u countries whcso u will
IN more productive. II thu amount II
'nonsy nl~tractsl from o,r rrnluring
rlA~.'H hy taxAtinn cMlld remAin IN their
hands, tl.cu TIM incomes u producers
wonld tM incrcn.ssl, thu profits II tle
farmer. merchant snd manufactures
would ~ augmented. their capital
Increased. and she means ~ crn.
ntinE eintlnymcnt extcnded. rAs
paying Ii nothing mnrc or lesS
thnn tlle IM,lnstriolH giving = portion III
their produce inr thu maintenance II
government. In this cNsr III rrfMnding
the national drlt, II IL compelling The
il.lnstrin,is ~ Rivc nearly oeO. MM. tNM
worth NJ their produce lrr AnnMm inr
tho maintenance III tho lsndhnlslcrn.
Tln continuance III lhr slelt ri this
line means thu lNriNtMity III thu debt.
n hax lHwn M,ldly Nsowcd by somc II
The Mlunates II this scheme that their
ohInct II ~ lnrpetuntu this interest.
ls'ArtnR tl.ht, ~ II would Afford IN this
country y kAfr investment i0r TIM NV.
inRs II TIN ls.ollc. Where u lhc nAtioi,
that evrr Mlopls~l the funding Aystrn
which has ~ any considerable extent
over diminished its public slrl,t which
hAA MT Runc on increasing that ,lrl,t :
which has MI IN trivial NcAAiOnn lM,r.
rowcd money and encouraged eIlrava-
gHiire which hNa NIT found therein Mn
inrentivc VI way aud territorial HxgrMn-
diHnmcnt, a stimulant fur centralized
ih,wcrK and tho eMrlAilmcnt ~ tho lilpcrs
tisH " thu ls,nilef
III England, frm thc Conquest ~ the
AsvNAHinn III OhArlrs II. there wMA no M.
llonAl lelh. They paid their way. Ii