The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1840-10-01

wards. Perhaps it would be true to say
mat we owe our Independence 10 the ere
. dll,of that baseless Continental paper.
8 "na' could we have done without it i,
!; such an hour? L, is true, it was never re
deemed but the people were redeemed
and bore with patience this tax to ,hei
country's delverance. They who paid
hundred dollars for a breakfast, moor ~
they were, could point to a nations indie
pcndence purchased by the sacrifice. T,
r the enjoyment of the blessings OF freedom
; they soon forgot their losses. Credit wa
the charm, the potent agency that carried
them through. VIVA, could have bee,
done without it! Dismay would have co
: vered every countenance in the outset
and the world would have pronounced
our fathers madmen. But it was the gen
: erous faith of mankind, credit, that saved
us.
|; HoW the credit system enabled as TO car
] ~ on the last arar sviM Great Britain
J, We may, perhaps, say in the gross,
that that war cost the nation $500, 900, 900,
! if we include all sacrifices, public and pri-
vaie, and left us involved to the amount OF
:, some $l20,OOO, 900 more or less. We
had nothing but debt to begin with: we
{; sustained the burden; acquitted ourselves
!, with honor; and in about twenty years af.
); ter the peace cancelled the debt; all on the
)! basis of credit Without this we could
have done nothing; without this nation
might now insult us with impunity.
! Ho,v the credit system, still affects the
I Government Of the United STATES.
ltcan obtain money whenever it wants,
I and to any amount.
Holc the no credit system Uould affect
the Government Of the United States.
1t could not have issued its SIS, 900 900
of Treasury Notes in the spring of this
year, ls4O,) nor its SIC. 100000 of 1899.
The wheels of Government would have
been stopped. There would been rev.
olution succeeded by anarchy, or some
new state of things we know not what.
A Government without credit is no Gov
eminent at ALL 1t is dissolved in the event.
The event itself is the instrument of its
dissolution, and no other could be formed
, except on the basis of credit.
j Can it, indeed, be true, that Govern.
!, ment seeking to abolish the credit system
is itself at the same time asking and realiz.
ing all its advantages, by the issue of its
} own paper, without dollar of specie to
base it upon? Tha, it is issuing this pa.
; per by millions one year after another!-
!, We know it is good; but we ask for con.
), sistency, for the proofs of sincerity. Oh
is this Government prepared to say to the
t people. "You shall not have credit, bu
! we wilI!" Will they say, it is good fol
f public, national purposes, but bad for pri
cate use? But, the Government, is con,
PEELED to use credit--hey! And may i
) not also be convenient to us, the people?
WHAT OUR NEIGHBoRs THINK OF Mr.
:. VAN BuREN's poL1cy.-The Montreal
: Herald, very Jealous Tory paper, has
an article upon the progress Mr. Van Blu
r rem is making towards royalty, from
:. which'we exIractthe following paragraphs
} UPRead them:
, 1.-THE people Of the United States may
> vince as much as they please, but it is
not to be cavilled at nor doubted, that Their
. destiny is now in the hands of the indi.
vdual to whom this article alludes.
To the possession of the sword, Presi.
dent Van Buren, has now by the h,de'
} pendent Sub Treasury Lar, added tina
| of the purse, and if any further disclosure:
t of his intentions are required, look fol
one moment at his recommendation to the
, last Congress, of a standing army Of ts0t
t hundred thousand men. Having one-hal
of this disposable force in constant service
!, commanded by officers Of his own Great
; ing, and himself commander-in-chief, pos.
sessed too of civil body-guard number
, ing forty thousand office-holders. and aid.
: ed by the monied power, Van Buren, may
t laugh at his opponents, and the result who
can doubt!
f A iudic;ous distribution of such q
i force IN achat are called the Whig States
} ,ciH enable the President either by uotes
to control the elections at the polls, or to
enforce obedience.
Our republican neighbors, therefore
may as well prepare for the change
; should Van Buren, be elected for the sec
: ond time" @
;, The RIDICULOUS hear one Of the
peace party of 1912 praising Gen. Harri
son for his services during the WAR!
: So says one Of our loco neighbors; ir
very Imaginative manner, however, fol
who ever heard one of the peace party o.
!, 1879 praising Gen. Harrison for "servi
ces'' civil or military! Ruel Williams
! who prayed "that the bones of every
! American soldier who marched into Can
ada, might whiten on its soil;' James
l Buchanan who reviled the war as disas
t trous. and the peace as disgraceful; Lev
$ Woodbury., who was instrumental in orr
: ginating the Hartford Convention, TO op
t pose and embarrass that war; Martin Var
!, Buren,, who sought to displace james