36
AN GAODHAL
A few weeks ago the editor of the Gael in his cor¬
respondence with Mr. Hagerty of Burlington, Iowa
sent a copy of an open letter which was intended for
the Secretary of the Treasury. Friend Hagerty lost
no time in using it thus. —
To The Editor of the Evening Post —
"The following has been penned by the Gal, one
of our brightest monthlies. It is published in Gael¬
ic and English at 247 Kosciusko street, Brooklyn
N Y. It teaches Irish for 60 cents a year and would
teach finance to the secretary (if he was teachable)
for nothing.
— J. HAGERTY.
The Gael's Article. — Taxation.
The Gael being a teacher and general instructor,
it will give a short lesson in finance to the secretary
of the treasury. —
Sir — In 1893 the real estate of this city was val¬
ued for taxation purposes at $512,000,000, being a¬
bout 75 per cent of the market value. You went
down to Wall Street a few months ago and paid
$8,000,000 in gold as a bonus for the loan of sixty-
two millions required by you to pay the wages of
yourself and other servants of the government
Now, had you given your printers orders to print
six-two million one-dollar greenbacks to pay your
men, on the above and similar security, it would
cost only the price of the paper and press work,
and you would have saved the $8,000,000 bonus
and the yearly interest on the sixty-two million dol¬
lars, and the gold necessary to pay the interest on
our bonds already in the hands of foreigners you
could levy off our imports. This prattle about basis
has led you astray. The indebtedness of the nations
of the world is $27,000,000,000, the gold product
of the world is less than eight billions, the silver
and gold combined is less than $15,000,000,000,
what, then, is the security for the above twenty-se¬
ven billions? Is it not the real estate of the seve¬
ral countries ? or, in other words, the countries
themselves? Why then go borrow of countries
poorer than your own? They have nothing to loan
except that which they have borrowed on less stable
security than your own country offers. When there
is but eight billions' worth of gold in the whole
world, on what basis has the twenty-seven billions
been issued?
The combined national debt of England and
France is $9,926,793,398, so that if they owned all
the gold in the world both in coin and other forms
they would run short of meeting their financial ob¬
ligations by over two billion five hundred million
dollars. Why, then, do we pay them for what they
had not to loan except on similar credit as inheres
in ourselves?
Again, the national debts of all the nations is $27,¬
396,055,389, and yet, only $14,675,000,000 in gold
and silver to meet it ! — just a small fraction over 50
per cent.
[Since the advent of the present Administration
to power the debt of the country has increased by
Three Hundred and Thirty-six Million Dollars.
THE PHILA. PHILO-CELTIC SOCIETY.
1895.
The regular meeting of the above society was
held in their school-room, Philopatrian Hall, 211
South 12th St., on Sunday evening last. It was
resolved that $75. be forwarded through the Cath¬
olic Times for the Cleaver Memorial Fund from
the proceeds of an entertainment given by the
Society for that purpose.
It was also resolved that the thanks of the So¬
ciety is owing to the Rev. Joseph V. O'Connor for
his able Lecture on "The Celt in History" deliv¬
ered for the Society, and to the following named
ladies and gentlemen for their services in making
the entertainment the success it proved to be; —
Miss Kate Hollowell, Miss Jennie Birkhead, Miss
Jetta Nolan, Miss Maggie Hart, Miss Sarah Brill,
Miss L Sorley, Miss E. O'Leary, Messrs. T.
McEniry, James J. Hicky, Dan. C. Magee, Law¬
yer Patrick C. B. Donovan, P. W. Mooney, Thos
F. Dodwell, John E. Davis, George Henery and
Martin Walsh.
The Society will celebrate its 13th anniversary
on the 9th of June in Philopatrian Hall.
Francis O'Kane,
Secretary.
THE SENTIMENTS OF OUR SUBSCRIBERS
Cal — Oakland, J O'Leary — Petaluma, Mrs. B
M Costello.
Kan — Port Dodge, M D Shea.
Mass — Blackstone, Rev James A. Harley — Bel¬
ont, T J Coghlan — Malden, P Casey, per T J
Coghlan, Belmont — Charleston, J Riordan — Wor¬
cester, Edmund Walsh.
Mich — St James, Daniel McCauley.
Mo — Kan. City, M White, Wm. Rowan, per P.
McEniry — St Louis, J Staed.
Neb — Chadron, Rev P Brophy.
N J — Trenton, Thomas Jennings.
N Y — Brooklyn, P Carrick.
O — Cleveland, Rev. John MacHale.
Pa — Allagheny City, Rev M Carroll — Girardville
Rev P McCullough ($5) — Phila., T McEniry, Miss
Ellen O'Leary, Miss B Lynch, Miss E O'Connor,
James P Hunt, Martin Walsh, per T McEniry —
Willamsport, J Gibbons.
R I — Providence, the Gaelic Society, per M J
Henehan.
Ireland — Limerick — Ballinamona, M Gleeson,
per T McEniry, Phila., Pa.
