Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1888-09-13
.,,ulxca royornmont, he harlcs, 10 re,t,

MS with the peoples Ideas OF freedom unt
happiness. When presented In direct form
nothing will arouse popular discomfort NOR,
quickly and profoundly than unjust and un
necessary taxation. our farmers, mechan
les lahorers, and all our citizens, closely seal
thcllghtoSt increase In the taxes assosse,
upon their lands aud other property, and do
mand good reasons for such increase, Ant
yet they seem to be expected in some quar-
tcrs, to regard the unnecessary volume of In
sidlous, Indirect taxation visited upon thon
by our present rate OF tariff duties With In
difference II not with favor,
The surplus revenue now remaining In TIN
treasury not only furnishes conclusive proo
OF unjust taxation, but Its existence constl
tutcS separate and Independent menace
tho prosperity OF tho people, This Val
accumulation OF Idle funds rerresents 'h'
.lucn money drawn from the circulating mo
dium OF the country, which Is needed In the
,hanuels of trade and business, II IL great
mistake 10 suppose that the consequences
which follow the continual withdrawal and
hoarliug by the government OF the currency
Of the people are not of Immediate Import
anco to tho mass of our citizens, and not only
concerns those engaged In large financial
transactions.
In the restless enterprise aud activity
which free and ready money among tho poo
Pile produces II found that opportunity for
labor and employment, aud that Impetus "a
business and production, which bring In their
train prosperity 10 our citizens In every sta
tlou and ayocatlon. New ventures, new In
vcstmonts In business and manufacture, the
construction OF now aud important works,
ana the enlargement OF enterprises alntsS
established depend largely upon obtaiT
money upon easy terms With fair security;
and all these things are stimulated by ap
abundant volume of circulating medium
Even the harvested grain OF the farmer re
mains without u market unless money Is
Forthcoming tor Its movement and transpor,
tation to the scaboard.
Tho first results OF n scarcity of money
among the people Is the cxactIon OF severe
terms for its use. Increasing dlstrust and
timidity Is followed by rctusfl to loan or adj
vance ON any terms, Investors refuse all
risks ana decline ull securities, and In u
general fright the money still In the hands OF
the people Is pcrslstcntly boarded.
II IL quito apparent that when this per
fcCtly natural, Ia not inoylnblS, stupo Is
reached depression In all business aud enter
prise will as II necessary consequence, lessen
tho opportunity for work and employment
and reduce salaries aud wages OF labor.
Instead, then, of being exempt from the
influence and elect OF an immense surplus
lying lido In the national treasury, our wngo
carncrs, and others who rely upon their labor
for support, are most OF all directly concerned
of danger may provide against II, but II will
ind those depending upon their daily toll for
bread unprcpnroG, helpless and dctensoicss
Such II state Of atiaITs does not present n ease
OF idlcucss resulting from disputes between
the lnhoring man aud his employer, but II
produces an absolute and enforced stoppuge
of employment and wages,
In reviewing the bad effects of this accu-
INFLATED surplus and the scale OF tari rates
by which II Is produced, we must not over
look the tendency toward gross aud scandal
Gus public extravaganza which n Congosted
treasury induces, nor the fact TINT VIZ are
maintaining, without excuse, In u time OF
profound peace, substantially the rate of tar
ir duties Imposed in time of war, when the
necessities OF the government Justified the
imposition of the welghticst burdens upon the
people,
Divers plans have been suggested for the
return of this accumulated surplus 10 tho
people and the channels OF trade. Some OF
these devices are NJ variance with all rules
OF good finance; some ARE dclusive, some are
absurd, aud some hetrny by their reckless OK.
trayugance the demoraliaing influence of u
great surplus of public money upon the
Judgments OF individuals.
While such efforts should he made M aro
consistent with public duty and sanctioned
by sound Judgment, 10 avoid danger by the
useful disposition OF the surplus now remain.
ing In the treasury, II Is evident that II It's
W. \, ~,
., 20 % 80. ~ TO- N y ~.
oo''s,"n' ~" W m"a ,'o'
cnt tariff laws.
We do not propose to deal with these condl
lions by merely attempting 10 satisfy tho PEG
pie of the truth OF abstract theories, nor by
alone urging their assent to political doctrine.
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