Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1861-01-04
Editorial Correspondence.

WASHINGTON. Dee. -, 1860.
4 few day, since the city wa. startled by
the announcement made by one OF the Gov.
ernmen; clerks IN the Department OF the
Interior. that be had extracted from the
archives Of that Department. State bonds to
the amount Of $4,000. aeld in tru., by
the General Government Tor the Indian
Tribes, under treaty .tpulati1us. THIS
confession was made by Goddard Bailey, the
clerk, % Mr.. Thompson. tho Secretary OF
the Interior. IL arpsars that Bailey had
an acc,mPlice in the person OF William II
Ru~-yll. one Of the frm Of Russell i Co,
propTietors Of the Pony Express line. over.
land 60 California. Russell has bCcn arrc't-
cl. and i now va ail "a this city. \ com
mi,,ec has Jcen r4Isyl in the llousc Of Rep
rcseutatiycs 20 Investigate this whole matter.
1, j. now generally believed ,ha, Others high
in position in this government are concerned
in the Transaction. Tho investigation will
probably bring to light astounding facts.
showing the dccp seated villiany connected
with the administration Of james Buehan.
an. Report, are also curreu, here that
other tcialca,ion, exist in some oi the de-
larimen,. Of tie government: that = chang
OF administration will bring q light long
lis, Of reeua'i5n' upon the treasury, com.
mi,toi by those occupying various positions
Of iras, under this democratic government
Five millions Of Treasury Notes have BEN
PLACED in the market. and the bid. opened.
Only oue.halt the sum has bcvn taken, aud
that an average interest o, more than i,rors
pr oH'. The bad. ranged from : IL 10 -
per cent. This il sample ~ democratic
fuancierin:. Howell Cobb found in the
National treasury. twenty-five millions
H.. fr,t act, showing biz grca, financial
ability, Va. % buy up government securi.
ties, no: then due, paying f,r some Of thcm
a. high As sixteen Ter cent premium. Pot
that with the condition OF the Treasury
nov, when We have % pay twelve Ter cent.
20 .ri money, and il shows that under this
democratic, trc-catinr, reasonable admin
is,rltiDn, !, costs us firufg-1sh Pr cent.
to borrow money. our national credit has
been run down. in lc-. than -four years.
iroa asate Of financial prosperity, when
capitalists would pay a premium Of from
one % tx pr cent. q get our securities, O.
the Ircs'ut bad Gx, when We have Co Tay
twelve pcr cent. 10 borrow money at all,
AMI able to *, only small sun ~ that.
The ercli, OF the Government never has
BEEN 80 low since the adoption OF the federal
Constltuuon-uot even al lSla and 1914.
durin: the last war with Great Britain II
VI. very appropriate that Mr. Cobb should
use up al the accruins revenue. Of the
Government, together with almost a hun.
drci million. found ia the Treasury and
borrowed, and then take 20 his heel, Tor
Georgia, TO help break up the Government.
And then follows the robbery ol Bailey,
in which the Treasury i. rlundcrci OF al.
most a million more. NJ wonder the pe0-
pie. even In the lace Of threats, decided 70
change the Government; into more honest
hands. No wonder modern democracy
weat down in lsGO. before an indignant.
outraged people The prcsen, state Of
thing. IS she logical result Of democratic
rule. All the treason and rebellion that
We now witness ia the different parts Of the
Union, i bat the natural growth Of modern
democracy. IL Is JOS. what leading. "a.
gaeious mind. in the republican party have
long since predicted. just !opk at il The
President. until Cobb lg!i, had ia his C,bl.
net two ayowel di,anioni'i., who were in,
"hanl and glove" with all the di.union
movements that have been goin: on for
years, and more especially the Last few
nos;hs. Here Is the fact, President pre-
tending to b, friend Of the Union-pre-
tending to H. in favor Of preserving the
Union, and YET holding his secret CAblne,
meetings with openly avowed di.unionis,s.
A friend to tbs Union, and ye, eiooaag
meu for hi. constitutional advisers who are
lahyring for its overthrow. How unlike
Gen. Jackson, or any other Presiden: tina,
ever had ,himblefal Of brains. or common
honesty, or patriotism enough To last him
tweniy.four hours.
Add who. tina! has watched public Affairs
for the last four years, did not know all
this? The di.unioni-t- Of the South. even
before he was nominated. took possession OF
James Buchanan, soul and body. They
have otrHci han ever since. and he is to-day
q. much under their control and in their
power as is the mos, degraded negro slave
IN South Carolina. Such being the fact,
~ho wonder. that We have treason. rebel
lion. publication, and secession. boldly
proc'tined in every direction I, Is the
legitimate fruits Of the democratic triumph
IN 1855, in the election Of Buchanan.