Speech of Hon Frederick a Pike of Maine On Taxation of National Bonds

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343 00 690, 290 60 118, 518 37 471, 792 28 431, 556 28 529, 772 40 110, 814 96 267. 259 98 It will be recollected that the receipts from internal revenue in 1866 were $310, 906, 984 17, and in 1867 they were $265, 920, 474 65. And it should not be forgotten that the receipts were in currency while the Secretary proposes to pay the States in gold.
It is suggested in some of the papers that the Secretary's plan would win the good- will of the rebel States and attach them to the Union. I should th
...ink it would. One of the Secretaries proposes that we buy the continent for the purpose of rulingthe world, and another that we pay an annuity to the rebel States to keep them good-natured. But how about the tax-payers? Is there no end of their forbear- ance?
If the Secretary of the Treasury had proposed to assume the war debts of the loyal States and then applied the one per cent, tax to discharge the liabilities assumed for that purpose, I should have been more willing to accept his proposi- tion.


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