Address, the Present Relations of Parties: Duty of the Republican Party to Adjust the Questions With Other Nations Brought Out by the Rebellion, and to Protect American Fisheries Against British Aggression (Classic Reprint) - Softcover
Excerpt from Address, the Present Relations of Parties: Duty of the Republican Party to Adjust the Questions With Other Nations Brought Out by the Rebellion, and to Protect American Fisheries Against British Aggression
Unwise To Exhaust By Taxation Capital Needed To Develop The Country.
But a Republican congress doubted - and I am one of those who think that they might well be permitted to doubt - the wisdom of exhausting the commercial capital of the country in order to cancel the national obligations within the life-time of the present generation. What, exactly, did the Secretary propose to do? It was proposed to take by taxation from the people one hundred and fifty to two hundred millions of dollars each year with which to lessen, or, as it was phrased, to pay the national debt.
Six Per Cent. Only Saved, And Ten Per Cent. Lost Thereby.
But we all of us know that every dollar of money used in the agricultural, commercial and industrial enterprises of this country costs the merchant, manufacturer or agriculturist at least ten per cent. interest per annum; and we have seen the singular spectacle of a government, in order to save six per cent. interest, taking by taxation from the capital which the people needed to carry on their business, costing them ten per cent., nearly two hundred millions of dollars a year. Or, in other words, in order to save six per cent. interest to itself, the government causes the people to pay ten per cent. interest to obtain the money to answer the demands of the tax gatherer.
Congress Cut Off Eighty Million Taxes Last Session - Will An Equal Amount Next.
A majority of the Republican party and a portion of the Democratic party did not think this wise, and therefore taxation was reduced, as we have seen, more than eighty millions, and, in the coming session of congress it is safe to predict it will be reduced in quite an equal amount.
The Alleghanies Divide Both Parties On Financial Questions.
The Democracy of the West are sundered from their brethren upon these same measures. Indeed, with a few exceptions, upon questions of finance both parties in the country are substantially divided by a line running North and South along the backbone of the Alleghanies. Those on the Easterly side, where capital abounds, believe that it should be exempt from taxation; those on the Westerly side, the debtor portion of the nation, believe that capital should bear equal if not a greater share of the public burdens.
The Democratic Party Changes Front On The Acquisition Of Territory.
Upon another set of great public measures a still more curious division and exchange of party ideas takes place.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Unwise To Exhaust By Taxation Capital Needed To Develop The Country.
But a Republican congress doubted - and I am one of those who think that they might well be permitted to doubt - the wisdom of exhausting the commercial capital of the country in order to cancel the national obligations within the life-time of the present generation. What, exactly, did the Secretary propose to do? It was proposed to take by taxation from the people one hundred and fifty to two hundred millions of dollars each year with which to lessen, or, as it was phrased, to pay the national debt.
Six Per Cent. Only Saved, And Ten Per Cent. Lost Thereby.
But we all of us know that every dollar of money used in the agricultural, commercial and industrial enterprises of this country costs the merchant, manufacturer or agriculturist at least ten per cent. interest per annum; and we have seen the singular spectacle of a government, in order to save six per cent. interest, taking by taxation from the capital which the people needed to carry on their business, costing them ten per cent., nearly two hundred millions of dollars a year. Or, in other words, in order to save six per cent. interest to itself, the government causes the people to pay ten per cent. interest to obtain the money to answer the demands of the tax gatherer.
Congress Cut Off Eighty Million Taxes Last Session - Will An Equal Amount Next.
A majority of the Republican party and a portion of the Democratic party did not think this wise, and therefore taxation was reduced, as we have seen, more than eighty millions, and, in the coming session of congress it is safe to predict it will be reduced in quite an equal amount.
The Alleghanies Divide Both Parties On Financial Questions.
The Democracy of the West are sundered from their brethren upon these same measures. Indeed, with a few exceptions, upon questions of finance both parties in the country are substantially divided by a line running North and South along the backbone of the Alleghanies. Those on the Easterly side, where capital abounds, believe that it should be exempt from taxation; those on the Westerly side, the debtor portion of the nation, believe that capital should bear equal if not a greater share of the public burdens.
The Democratic Party Changes Front On The Acquisition Of Territory.
Upon another set of great public measures a still more curious division and exchange of party ideas takes place.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"synopsis" may belong to another edition of this title.
- PublisherForgotten Books
- Publication date2024
- ISBN 10 1331470234
- ISBN 13 9781331470236
- BindingPaperback
- Number of pages33
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Address, the Present Relations of Parties Duty of the Republican Party to Adjust the Questions With Other Nations Brought Out by the Rebellion, and Against British Aggression Classic Reprint
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Address, the Present Relations of Parties (Classic Reprint)
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ISBN 10: 1331470234
ISBN 13: 9781331470236
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Book Description Paperback. Condition: New. Print on Demand. Excerpt from Address, the Present Relations of Parties. About the Publisher, Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781331470236_0
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