The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1861-12-11
He,rograding TO Federai.sn,.

hetFOaFHuhhS 20 EcOcENttSthas
! 4 dispatch from Washington says:-
THE Secretary of the Treasury, in his
report, will recommend that Congress
increase the duty OH sugar, and make
the duty on iron prohibitory in its char
acter. An entire chahge in the fiscal
system will also be recommended, so
that the present Independent Treasury
System will be abandoned; and u paper
currency based upon the credit Of the
/ Government substituted. Some of the
Republican men bers are in favor Of. the
establishment of National Bank. The
increase of duty ON sugar is understood
not to be so much for the purpose Of
revenue as it is to keep money froft
going out of the country next spring,
when more loans will be needed" e.e-
| Here is an introduction to the old
Federal system which the Democracy
of this country have fought and de-
feated time and again during the past
fifty years. can entire change in the
fiscal system will be recommended. -
The Independent Treasury is to be a.
bandoned," (Which, by the way, has
already been done, ''and PAPER CUR
RENcY based upon the credit of the
Government substituted" And Of
cosrse SOME of the REPUBLICAN mem,
bers are in favor of the establishment of
a National Bank" They always were
in favor Of that measure, and at the
same time hypocritically pretended to
revere the principles of Andrew Jack
son. ..,. a -4--.
We are to have currency based up
on the credit of the government-a
government which has nothing in the :
world upon which to exist but CREDIT,
and very little of that. The increase
of duty on sugar is said not to be for
the purpose of revenue, but to keep
money from going out of the country.
What is the use of keeping money in
a country which can establish cur y
rency upon the CREDIT of the govern
ment? And why will we need more 2
loans next spring, when we can estab-t.
lish paper currency upon cEEDrr!--'' 4
Is 1t because the ofice-helders, con- "
tractors, speculators, and thieves cam
not prosper so we'll upon the credit Of
the government? We reckon they p
want the ready cash for fear Of SOME
mishaps hereafter. And the New Eng Z
land manufacturers and the Pennsyl-R
vania iron-mongers want to horde upa
goodly pile while they have their hands
in. They can well afford to pay an
increased duty on their sugar, when
favored and protected from competi-
ton by the government, especially
when that sugar does not come from
the slave plantations OF LOUISIANA; u I
will taste much sweeter if made by the
hands of Britain's cooley slaves in the
Indies. Or even by the black slaves Of
Cuba or Brazil. ,r.-. g.,
This-is the financial system to which
we are, brought as soon as the oppo>
- b :. q
nents Of the old national Democracy
obtain political power. The people
were warned oft long ago, as well as
Of the general ruin which is now upon
us, but all in vain. Those Democrats !
who have gone off after the hypocriti-
cal cry Of Union, we reckon will feel at
home in the old federal party, support
ing prohibitory tariff and a United
States Bank. Of course they will tell
us that they are still Democrats
What a world d. hypocrisy, ambition
and corruptionl4- EGirelevillea Watch
man. a3EgSl4n Ht 9@l#@ Fs3 sEaU~