Speech of the Hon Edwards Pierrepont in Favor of the Election of Gen Grant De
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The debt grows less, the means of payment grow greater every month : when' peace is fairly restored, and the industry of the whole country revives, the debt will not be felt : and before Grant's administration is over, people will wonder that they were ever frighted by this phantom.
Even during the most costly years of the war, when the South- ern States were in actual revolt, and, of course, contributed no- thing to the revenue ; the taxes of the North were easily borne, and the material prosp...erity of our people was never greater. When hostilities ceased, the expenses of the Government were fo rtli with vastly diminished, and the productive industry of the country was greatly increased. Millions of the war debt have already been paid, and the income-tax has been reduced one-half.
15 With the opening of the Pacific Railroad — with the incon- ceivable increase of wealth which will follow the completion of that work ; with the new dawning trade of the East ; with the countless emigrants from China whose willing hands will reveal the hidden riches of onr soil ; with the numberless laborers from Europe now weekly landing upon our shores ; with the increas- ing population and stimulated enterprise of the ever-robust and progrssive Xorth, and with all this unite the whole vast resources of the regained and regenerated South ; and while the hollow cant, about national bankruptcy and ruin, is droning in our ears, New York will become the monetary centre of the world, gold will be our currency, and the public debt will have ceased to be a burden.
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To quickly assess the difficulty of the text, read a short excerpt:
The debt grows less, the means of payment grow greater every month : when' peace is fairly restored, and the industry of the whole country revives, the debt will not be felt : and before Grant's administration is over, people will wonder that they were ever frighted by this phantom.
Even during the most costly years of the war, when the South- ern States were in actual revolt, and, of course, contributed no- thing to the revenue ; the taxes of the North were easily borne, and the material prosp...erity of our people was never greater. When hostilities ceased, the expenses of the Government were fo rtli with vastly diminished, and the productive industry of the country was greatly increased. Millions of the war debt have already been paid, and the income-tax has been reduced one-half.
15 With the opening of the Pacific Railroad — with the incon- ceivable increase of wealth which will follow the completion of that work ; with the new dawning trade of the East ; with the countless emigrants from China whose willing hands will reveal the hidden riches of onr soil ; with the numberless laborers from Europe now weekly landing upon our shores ; with the increas- ing population and stimulated enterprise of the ever-robust and progrssive Xorth, and with all this unite the whole vast resources of the regained and regenerated South ; and while the hollow cant, about national bankruptcy and ruin, is droning in our ears, New York will become the monetary centre of the world, gold will be our currency, and the public debt will have ceased to be a burden.
What to read after Speech of the Hon Edwards Pierrepont in Favor of the Election of Gen Grant De?
You can find similar books in the "Read Also" column, or choose other free books by Edwards Pierrepont to read onlineMoreLess
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