This historic book may have numerous typos, missing text or index.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. 1875. Not illustrated. Excerpt:
... PUBLIC DEBT, LOCAL AND NATIONAL: HOW TO PROVIDE FOR ITS
DISCHARGE LESSENING THE BURTHEN OF TAXATION. LETTER TO DAVID A.
WELLS, ESQ., CHAIRMAN OF THE BOARD OF REVENUE COMMISSIONERS: BY
HENRY C. CAREY. PHILADELPHIA: HENRY CAREY BAIRD, INDUSTRIAL
PUBLISHER, 306 WALNUT STREET. PHILADELPHIA: COLLINS, PRINTER. 7M
JATNK STREET. LETTER TO D. A. WELLS, ESQ., CHAIRMAN OP THE BOARD OF
COMMISSIONERS FOR THE REVISIOS OF THE REVENUE LAWS. Dear Sir: --
Believing the real and permanent interests of tax payers and public
creditors to be in perfect harmony with each other, and that error
in regard to one must be productive of injury to both, I have put
on paper my views as to the proper mode of dealing with the
principal of the public debt, and have now to ask of you to give to
them that consideration they may seem to you to merit. The amount
required by the general government for current expenses, interest
included, may be taken, as I suppose, at $280,000,000, and to meet
that demand, with reasonable allowance for occasional drawbacks, it
might be necessary so to arrange our revenue system as to warrant
us in expecting from it ten or twenty millions more; say 290 or 300
millions. It has, however, been proposed that the annual sum of
$200,000,000 be now, and in all the_future so long as the debt
shall continue to exist, set aside for payment of principal and
interest alone--a proposition that, if adopted, will require that
the revenue be so arranged as to enable us to look to it for fifty
millions more, or in the whole at least 340, if not even 350
millions. Two widely distinct modes of action are thus presented
for consideration, by the one of which we should appear wholly to
overlook the existence of the principal debt, while by the other we
should appear to be making provision...
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|Country of origin:
||246 x 189 x 11mm (L x W x T)
||Paperback - Trade
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