The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1886-11-26

The time is approaching rapidly when
Congress wlll, Of puOhc necessity, ne
compelled 70 make some provision 70
prevent the accumulation Of hundreds
Of millions Of the peoples mcney in he
srsasnry vaults Of the general govern.
ment there to be looked up and remain
idle, while millions Of poor people, In
consequence Of the stringency OF money
matters, are waging an unequal warfare
against poverty and starvation. The
condition of affairs on this subject il
about as follows; The total Interest
bearing bonded debt Of the Uuited
Ss.tes is Sl,074,625,l00 OF this
amount $25O. 100000 being bonds that
near tour aud halt per cent interest and
-. not l.ynhls unt,l Sapt. lat, 1891.
S737, ,776, 400 are bonds that bear in
,rrest At the rate oe four peI cent, and
are not payable until July ls,, 1907,
lpAviog onl, ss6.s4s, 700. y hicb are now
hue aud payAble. Thsae latter viii all
De- paid ~i,hie the next -irh, months.
The amount of taxes no~ c,llect-d u.
dsr unr present revenue sys,sm eve,
aud abnyr whn, is nroes-Ary 20 pay b,
eusrvnt expensrs ~ the government Is
approximately sf25 .O00,O0O ~noualls.
The money thus Collecged ,nes almo-,
entirely from tariff duties aud interna.
revenue duties. M the quea.on
A.i~rs what sbsti nr due with ,hts
annual surplus Of sl25. .0p0.0OO. Ac-
cor llax 10 the pub 10 i1nt -.at.mrni tor
Ootoher ,hrseis $Ss. 294, $50 nov avail
able tor redocsio Of ths public dshl,
which is more than enough 20 pay of
all bonds now due. II shalt wo pre-.
vent the accumulation ~ SI25 .00U. 900
annual, in the treasury here rotsmsin
idle aud unused L e,v ne aoue 10
one of the tpllowiog w.s-:
FIRST, Nv Congress makiag large aP-
pfopristions e. .srions l.un'ic improve
uents, as,for ocran uail sno~idie@,r ,risers
and hsrbors, Blair educational appro, ria
tions, etc.
SecoId. W reducing tariff duties and
incnme .x-s.
Third, oy gping 'nt.' h- make aa''
buying hoods aud retiring ,h' IN.
The temper of the psapie y u"
such now ~ q encourage en- ne,
che first or last Of the above plans.
Mr. Senator Beck in a speech before
tho IrOquois Club. Of Chicago, the
other. day, said: "No,hiog reInains
that can see except TO retuce taxes L"
ths pOint needed tor tho wants Of the
government. II Congress has not sense
enough 70 do that. and / am af,aid it
has not, rather than have the money
locked up. the appropriations increased,
o. extravsgant premiums paid, shsli
propose, bef,re this Congress adjourns,
TO loan the surplus At say 2 per cent PEI
annum to any cne Who will deposit the
outstanding per cent bonds Of The
United States as security, apportiOning
the amount loaned in the 6rst instance
q oong tie states in proportion 10 the
p ,Palation, ADD authorizing either party
to cancel the transaction by giving the
osber six months notice. II the citi-
Esns Of the several s.ates do not take
tois proportion, ] would, after ninety
days, make il free for all. Some better
plan to get The money restored to circu-
Iation may be suggested. Ifany Of you
can do it l hope you will. / have no |
purpose except TO keep the surplus in |
use till We can ray our debts and avoid !
payment Of ex0Tbitsnt premiums, the |
Of extravagaot appropriations,
or worse than ali Iocbing up in our
vaults tie peoples wooey. All We
need is removal Of unnecessary and nm
Just burdens. The manhood and m0s-
,le Of our people will soon secure our
supremacy.D While this course would
be 7ery unsatisfactory, it would be bet
.er than 20 hoard up hundreds Of mil
iona Of the peoples money when It's
circulation is so emphaticAIly demanded
,y every interest Of the people.