The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1898-05-03
Wlessermer.


E1&@s II SHOu1u bS bOAIC 10 d du1oI4OH III
great moment, and one demanding a
ss2st careful as we'll as patriotic con-
ALTERATION. There should he no sec
TsDnaIism or mere p~artisanship in the
On a matter like a revenu bill
ZzSfh which to prosecute a war to a
~azEressful issue. We be all Americans,
democrats and republicans and popu-
Ests and mugw jumps. We are all in a
ccRTznon boat of danger and duty, ana
fApre is no south nor, no east
and no west in il. The war may be
short or long. 1t depends on how 1T is
cEnducted by the country, how Europe
acts, and upon event in Spain. But
I@ar is present with Americans now,
zaDsJ the "sinews Of war" must be rails
eel. Mr.. Dingley ~prophe5ie5 a short
EEar rather than a long. He asks for
a. ing sum to begin with, saying war
sziil cos more than $500, 100000 a year.
1t Will cost more possibly If war ships
tIeeded are procured and a strong
army is organized.
ar. Bailey, the leader on the demo-
ITdIEs sure Ill INT IlOuSt, w dS 'SAoC CiIA
.atIst when he said that his party asked
Eor an income tax. That is the very
tax 10 raise because it is a tax upon
globes and not upon poverty. 1t is a
rig hte4pls, patriotic, wise tax. The men
az money have far more to protect
fhax The poor, and they should a
accordingly. The rich British house Of
cords COT landlords in fact, for they are
NEARLY all rich land owners in iO tax
tIrernselves willingly as to wealth or
frs11me, for they feel hat they have far
ar71re at stake, and, therefore, far more
10 protect than the poorer classes of
their country have. They realize that
VI rs moral, proper, just to place the
exurdens of government mainly upon
the wealth of the country rather h
tD opprcss the poor, struggling, toll
ing, sweating for bread to live upon.
ma. Bailey thinks 800, 900, 90 should
re raised upon incomes. We may not
tfoubt that an overwhelming majority
OF the electors of our country Will
sanction that proposition.
Thu proposition of the majority Gre
publfcans) is to issue $500, OOO, 900 of
GOWN bonds. This is pitched into by
szzziszg papers of the Philadelphia
Record stripe. 1t wants gold only
4and abuses the democrats and republi-
~ezns FOR daring to favor such a prOpo-
.ss4ion. But really why SO great a sum
now? The organ of the administration
I'm New York, The Tribune, thinks it
demanded. 1t ever goes so far as 70
fsaY that "nO issue" of bonds may
ssroye necessary 1t lis even fair and
SENSIBLE enough TO say that none Will
criticise the provision for
Jsssxsfs payable in coin, rather than IN
I'm gold coin, who consider that the
xyr,,posed form is exactly that upon
(which over $500, 600, 900 was offered to
the United States when the last popu-
Ear 4oan of 800, 900, 600 was invited"
Emf the crowd will be in
ar-ns against this necessary n just
provision.
ag,e bill should be modified so as to
rau. for not more than 100000 600 at
sTrxd. If war is prolonged it may be
decreased to another hundred millions.
The Gribun says the per cent. inter
est IS hardly right and because money
sxSsi be worth more than That soon.
Nsel, if moneyed men talk advantage
CT the war TO put UP interest then the
ssexx5 of the 500, 600, 900 of revenue upon
srzconnes becomes the more pressing
Essat the war debt may not be unduly
eucunlbered and enlarged. 1t favors
an amendment ordering the secretary
what he shall pay no more than the
current market rate. If the money IS
rzs,t at the necessary to meet
emergencies, an honest secretary can
ssA fraYsted to wait for a more favorable
tina for borrowing, but If lit Is needed
fDr any emergency no patriotic citizen
IEs1E1ld hesitate because the amount at
SExe Tnoment required would cost more
than 3 per cent" 1t says that with
1915, 900, 900 borrowed, with the expect
ssi fncrease in revenue, the government
will have $500, 900, 900 at its command.
Yasas ought to he enough for four or
sdy months. But the 'better way is not
tn issue bonds but raise the S1O0, 900, 900
ivy an income tax instead. After sur
~aeT1ug the Tribune sums up
kE saying:
yet, after all allowances, the gov
sxrsxnsnt would have at demand con-
xsaferably over $500, 000, 900 for the first
yeas, if the new revenue law should
AnssNer expectations
We think it is apparent that no bond
fxsuing is really necessary now, and
because the income tax and greatly
decreased Internal revenue tax will
rnEse some $500, 600, 900, enough for
xnonths to come. do not fasten a
Ereater bonded debt upon this country
unnecessarily. The interest on $780,
4sysa, 600 temporary loan and $500, DOC, 900
t. 500. OOO, 900 permanent loan, for such
Is the Dingley bill, at 8 per cent. would
s..Sf -S1S O00. 900 a year-a very great