Speech Delivered By Hon Reverdy Johnson As President of the Democratic Conserv
Speech Delivered By Hon Reverdy Johnson As President of the Democratic Conserv
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Carroll, only because of his religious faith.
3d. But, it is said that the debt of the City has been greatly increased under the Democratic Administra- tions of Mayors Banks and Vansant, and that for this increase the Party is alone responsible. A few words will show how unjust this charge is. The Republican party obtained the control of the City in 1863 or 1864, when Mr. Chapman was elected Mayor. They were substituted in 1807, by the election of Mr. Banks and Democratic Councils. When this oc...curred the floating- debt was $1, 929, 866. 94. The funded debt then was §22, 762, 622. 73. The Democrats had, of course, to provide for both of these obligations, and this could only be done by borrowing or by taxation. They com- mitted, I think, an error in not levying a tax adequate to the purpose. To have done this would have re- quired a levy of $2. 20 on the $100. And the necessity for such an increase would have been solely owing to the floating debt just referred to. Such a levy, I have always understood, and have reason to believe was advised by Mayor Banks.
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To quickly assess the difficulty of the text, read a short excerpt:
Carroll, only because of his religious faith.
3d. But, it is said that the debt of the City has been greatly increased under the Democratic Administra- tions of Mayors Banks and Vansant, and that for this increase the Party is alone responsible. A few words will show how unjust this charge is. The Republican party obtained the control of the City in 1863 or 1864, when Mr. Chapman was elected Mayor. They were substituted in 1807, by the election of Mr. Banks and Democratic Councils. When this oc...curred the floating- debt was $1, 929, 866. 94. The funded debt then was §22, 762, 622. 73. The Democrats had, of course, to provide for both of these obligations, and this could only be done by borrowing or by taxation. They com- mitted, I think, an error in not levying a tax adequate to the purpose. To have done this would have re- quired a levy of $2. 20 on the $100. And the necessity for such an increase would have been solely owing to the floating debt just referred to. Such a levy, I have always understood, and have reason to believe was advised by Mayor Banks.
What to read after Speech Delivered By Hon Reverdy Johnson As President of the Democratic Conserv?
You can find similar books in the "Read Also" column, or choose other free books by Reverdy Johnson to read onlineMoreLess
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