Democratic Sentinel, Volume 6, Number 19, Rensselaer, Jasper County, 9 June 1882 — BLEEDING THE NATION. [ARTICLE]

BLEEDING THE NATION.

Excessive taxation to create a surplus in the Treasury continues without abatement. Internal revenue tax and tariff tax brings to the Treasury millions of which the Gov eminent has no use except to pay th e public debt at a rate not required’ and to accomplish which taxation becomes burdensome and exhaustive. To show the steady increase of the burdens of taxation it is stated tha t the collections, “customs, internal revenue and miscellaneous,” for the month of May,lßß2, amounted to $36,551,301, against $32,223,715 for May. 1881, a difference of $4,327,586. It is stated that the interest bearing debt shows a reduction lor May of $15,000,000, which is at the rate of SIBO, 000.000 a year, and it is assumed that the actual reduction will not fall short of $150,000,000. We have shown that the receipts of revenue for May, 1882. were more than $3,000,000 in excess of May, 1881, and it is stated that the receipts for eleven months, ended May 31, amounted to $374,425,381, so nearly $14,000,000 more than for the twelve months ended June 30,1881. For the current fiscal year, ended June 30, the receipts are estimated at $405,000,00 and it is further stated that the receipts of tnis fiscal year will be greater than for any preceding year since 1870. when they were $411,000,000. 'lnstead of paying the public debt ar the rate of $150,000,000 or $180,000,000 a year, the outside requirement is not more tha 11 $50,000,000, and the taxation to raise the extra $100,000,000, is simply a financial outrage for which there is no justification whatever. Having purchased all my stock of watches, clocks and jewelry for cash I am prepared to, and will sell cheaper|than any other Jewelry House in Jasper County. Call and learn|prices and be convinced,' A full* line of watches, clocks and 1 jewelry at Kannal’s

A special request to the ladies of Rensselaer and vicinity to call on Hal B. Smith, the competent watchmaker, at Kannal’s Drug and Jewelry Store. He repairs all kinds of Jewelry— and guarntees satisfaction.