Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1862-01-03

We firmly believe that our Government
should at once change its policy in regard
TO raising money to carry on the war. II
should not in our judgment, borrow another
dollar, but should Immediately issue de-
mand notes for every expenditure pledging
the whole resources Of the nation for their
final redemption. These notes, by q special
act Of Congress should be made legal tender
and be received in payment for all indebt-
edness to the Government, such as taxes
postage, custom house duty, and purchases
Of every description. But it will be said,
this can not be done without changing the
Constitution. Then change the Constitu-
ton. When we fully realize that we are at
WAR, then shall we be willing to adopt any
war measure to help us through our trou-
bles. Again, it will be said, how shall we
redeem these hundreds of millions of demand
hotes We answer, that we should have
every foot of public land pledged for this pur-
pose. We should have every dollar issued
good for an acre of ground.
After the war is over, and peace secured
on q right basis-on the basis of freedom
we believe prosperity would set in upon us
like food, and that our public lands, now
and for ever a bone of contention in Con-
gress, would be sought after by our own
people, and by immigrants from all quar-
ters of the world with the widest enthusi-
asm. Thus the whole issue of notes would
be redeemed and the war debt Cancelled. The
Banks should not be called on to lend the
Government another dollar; neither should
there be another dollar received by loan
from any quarter. So confident are we in
this matter, that we do not hesitate to de.
clare that the Government can not possibly
60 on smoothly in its finances unless this
plan is adopted. To do what we suggest
requires only boldness and faith in the fu-
ture.
England does not hesitate, with only
slight reason, to prohibit the export of arms
and all munitions of war. She has acted
promptly and in o way to inspire our re-
spect, if not our approval. We have acted
thus far as if we were afraid of hurting the
feelings of tour dear Southern brethren"
We have by our mildness, given courage to
the South, and back bone to their wicked
rebellion. Let there be a change in our
policy, and that speedily and the following
is our programme:
l. Let Congress Immediately pass an
act confscating every dollar of property be-
longing to the rebels including the service
Vi ptISOuS utlu u ldDOEs
2. Also an act prohibiting the expectation
Of specie and all munitions of war.
8. Also an act prohibiting the borrowing
of another dollar in any quarter.
a. Also another, and the most important
of all, legalizing the issue of demand notes
to the extent necessary, and making them a
legal tender in all cases.
This being doHe there would be instant
relief-instant daylight Trade and manu-.
featuring would flourish. Property would
not depreciate in value. The country would
prosper, and the war would soon be ended.
We are sorry that the necessity of the case
demands such policy as we now propose; /;
but we must look things square in the face,
and there is no time to be lost. Delay is ruin.
1t is unnecessary for us to inform the Gov
ernment that neither our Banks nor our
capitalists will have the courage or ability
to go on lending money as they have DONE
To do it, they are now convinced, would in
evitably result in a loss.
We have confidence in the Government,
confidence in President Lincoln, confidence
in Secretary Chase above ALL confidence in
our cause, which is worthy of our blood and
our treasure, and confidence in God-the
God of justice, freedom and humanity; and
it is because of this confidence that we thus
plainly speak.-Independent.