Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1886-12-10

atton 1nd gaining the yaIuo which enabIes itl
ri Ggrasa aeornx a 7.
md ribnte
~ supplies , I'D hi Is ds XIV wants s.sas
There 4 also i suspicion broad that. the sssrs
plus OF our revenues Indicates abnormal and OK;
cepttonhl business profits, which under the ays-S
TEN which produces st,ei. increase vii
.BENETTr 10 THE pEopr.E II.
~ large the vast accumnla OF few am on Il
o g Ky easasns fGIsnnss
are not the natural growth of q steady pain
and industrious repnbl To-. Our farmers too.
and those; engaeed directly and indirectly Is
day by day, and IS often as the daily vans III
their households recnr. they are forced to pay
excessive and needless taxation, while their
competition 81 nations which, 81 allowing "a !
feer exchange OF productions than We per NIT,
enable thar people to sell for prices which dis
tress the American farmer. As every patriotic
citizen rejotces ia the constantly increasing
pride OF our people In American citizenship and
u the glory Of our national: achievements and
proRress. . sentiment prevails that the leading
well, TO great extent. be discarded in the pres
ent stage OF American ingenuity, courage
and : fearless eliance: and for the
American enthusiasm orr citizens are quite will.
Ing TO forego an idle surplus In the public treas
ury, and Al the people know that the average
in stine sof peaos but little less. while upon
some articles ef necessary consumption it ia
actually more than was imposed by the grievoua
ernment needed millions to maintain by war the
safety and integrity Of the United States. It
has been the policy Of the government to collect
the principal part Of tts revenues by 9 tax upon
imports, and no change In the policy is desira-
BILE. But the present condition Of affeirs con-.
strains orr people to demand that by . revision
OF our revenue laws the receipts of the govern
OF it's economical administration. and this de-
mand should be recognized and ebeyed by the
peoples representatives ID the legislative
branch Of the government. In readjustIng The
K BURDENS OF FEDERAL TAXATION
a sound public policy requires chat such of our
citizens Is have built up large ana import ant
ST. Sndeg The condition should
advantages to which they have adapted their
b usiness: but II the public Kood requires ii,
they should be content with such consideration
interests. While the just demand of the people
for relief from needless taxation is homes lv
answered, reasonable and timely submission
without disastrous sh ock to any interest; ant
cheerful concession sometimes averts abrupt
and needless action often the out9rowth Of i'm
ana dsaya Due
tustment to the interests Of American labor SO
tar as they are involved We congratulate our
selves that theirs IS among us no laboring class
fixed within unyielding bounds and doomed
Of daily toll We. recognize in labor
chief factor In the wealth Of the re-
for their Keeping as cltlzens entitled to the most
careful regard and thoughtful attention. This
regard and attention should be awarded them,
not only because labor is the capital of our
government favor, but for the further and not
less important reason that the laboring man,
surrounded by his family in his humble home,
cheapens the cost OF living and enables him to
bring within his donicile additional comforts
and advantages. This relation of the working
manner in which it palpably influences the
question Of wages should not be FORGOTTEN In the
Just1fable prominence given to the proper MAIN
tenance OF the supply and protection Of we'll
paid labor. And these considerations suggest
such an arrangement Of government revenues IA
shall curtal the cost Of living while 1t does not
curtail the opportunity for work, nor reduce the
compensation of American labor and injuriously
affect its condition and the dignified place
it holds In the estimation Of our people. But
our I''
FARMERS AND AGR1cU1TuR1sTs,
those who from the soil produce the things con-
sumed by all are perhaps more directly and
plainly concerned than any other of our citizens
IN a just and careful system of federal taxation.
Those actually engaged in and more remotely
connected with this kind Of work number nearly
one-half Of our population: none labor harder or
more continuously than they. No enactments
limit their hours of toll and no interposi5ion OF
the government enhances to any great extent
the value Of their products, and vet, for many OF
the necessaries and comforts of life. which the
into their homes, and for their Implements Of
husbandry, they arc obliged to pay a price
largely increased by an unnatural profit which,
by the action OF the government, ts given to the
more favored manufacturer. recommend that
keeping in view all these considerations, the in
creasing and unnecessary surplus Of national in
come annually accumulatine be released to r.
which shall sharpen the price of necessaries ..
life and give freer entrance 10 such imported
materials as by American labor may be manu-
can be accomplished, however. in the direction
OF this much -needed reform unless the subject
10 approached in patriotic spirit OF devotion to
the interests OF the entire country and with
good. .5.r
THE PUBLIC DEBT.
The sum paid upon the public debt during the
fiscal year ended June 80, 1885, was S44, $751;,
DAB SO. During the twelve months ended Oct.
81. 1886, 3 rer cent bonds were called for re-
demption amounting to 1927. 2s3. 100, OF which
qutrements q law relating to the sinking fund
and $466. 399 tor the purpose Of reducing The
public debt by application Of part Of the sur
B Bon sha sss sea 10 Ss se s Of as
under such calls to redemption prior to
Nov. 1, 1886. The remainder, amounting to
$25,O13,65O. matured under the calls after
that date in addition to the amount SUBJ
ject to payment and cancellation prior to Nov.
/. There were also paid before that day certain
bonds amounting to $5,O72, $50 which were an
ticipated ar to the maturity, of which $2.664.-
600 had been called prior to the LIST Of Nove1n-
Der. 1856, TO the extinguishment of our bonded
and interest bearing debt leaving on that day
and still outstanding ST., l53, 443.112. Or thus
amount $86, 848, TOO were still represented by 8
per cent bonds. They. however. have been since
Nov: IA, or will at once be- further reduced by
$22, COG, 100. being bonds which have been
called, as already stated but not redeemed and
cancelled before the latter date.