Was it wise and prudent to provide by law for the annual collection from the people of $60. 000.000 more than is necessary to meet every anticipated demand. and then provide no method of speedily and profitably returning this money to the channels of trade? Our present revenue laws were enacted with full knowledge of the certain increase of population and expansion of business. The extent of our foreign trade. of immigration. the sums total of exports and imports. all these factors were taken into account. and must have been substantially foreseen. Instead of prudently reserving the right to annually redeem at par an amount of interestbearing bonds equal to any surplus money that might from time to time accumulate. instead of a wise reservation like this. you in effect enacted that there should be a surplus and then clothed the holder of public securities with power to extort bloodmoney in the shape of unconscionable premiums. After this stupendous blunderto use no harsher termafter you have poisoned the bodypolitic. by what authority and upon what grounds do you claim the exclusive privilege of treating the patient?
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immigration