Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-09-29
The Confederate Debt.

A fayorite theme with the takers and
writer's of the Mcclellan party is " taxa
tion." They do not like 1t that President
Lincoln has not carried on without cost,
and without taxation, war Cor three and
half years, forced upon the Government
and the country by rebels. They never
speak word of condemnation against the
delightful rebels who caused It all-taxa-
ton, war, bloodshed, battle, death. They
pity the Southern Cain and blame the
Northern Abel. They exCuset the murder
er and heap obloquy upon the murdered
for being the subject Of the crime and eX-
citing il by being innocent. Having fixed
it to their own apparent satisfaction that
the present Administration is alone re-
sponsible for the war and its inevitable
taxation, they propose to cure all ills and
get rid of taxation pretty much" by
electing Mcclellan. But the latter is
pledged to let the rebels come back If they
will, with all their former rights and priv
ileges unimpaired by their act Of rebellion.
When that shall have been done, what will
have become of the rebel debt? Will
these advocates Of the election of McClel-
Ian and absolute unconditional fraternity
with the forgiven rebels, pretend that the
rebel debt would die out with the military
death of the rebellion: Its assumption
by the Federal Government is undoubted-
ly part of the plan of the moneyed lead
e1s Of the Mcclellan party. 1t has been
more than once suggested by some of
them, as we'll as by Southern men who
think that the seeded States will finally
have to come back into the Union. What
is the explanation of Auguste Belmont the
Rothschild's agent'sintense desire to secure
the election of McClellans 1t has been
suggested that he is largely interested in
the bonds, and perhaps other paper of the
Confederacy. He can buy it for song.
Change the present Administration, re-
ceive the. rebels back, assume their debts,
and Belmont and the Rothschilds would
realize their many millions on q very tri-
fling investment. A venture of much
more dubious character and chances than
this, is instanced in case of the French
capitalists who obtained possession of the
greater portion of the fifty-two millions Of
Mexican bonds issued fraudulently by
AIiramon. To extort redemption of this
spurious Indebtedness from the Juarez
Government was the initial motive with
Napoleon for his Mexican invasion. Mex
leo will have the thumb-screws put to her
until they are paid, dollar for dollar. We
are satisfied that the desire for somewhat
similar speculation is the ruling motive
with the great capitalists who exhibit such
solicitude to elect Mcclellan. This effect
ed, what would be the effect in regard to
taxation: The North would have to carry
chiefly the burthen of its own debts and
those of the Confederacy. For the war
has nearly destroyed the productive
wealth of the South. Years upon years
would roll by, even if the war should
cease to-day, before general prosperity
could return to that section, and 1t be in
condition to pay proportionate amount
of the nations then doubled debt. For
cotton as king will never rule there again,
his black subjects have so essentially
changed the nature of their allegiance, and
so many nations of the world have set up
rival cotton king Of their own. Thus it
will be seen that instead of lessening tax
alton, the election of Mcclellan would be
almost certain to doubleit, besides leaving
all the anger breeding claims and preten-
sions and institutions which have pro-
duced the present rebellion still alive and
measurably indorsed, to again grow dnd
foment new troubles and disputes, and
new acts of secession and war. On the
eve of settling forever these questions,
which have produced all the horrors and
cost of the present rebellion, it would give
them new life and spirit, a new extension
and indorSemnnt=C