Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-12-16

future public securities ere 10 be issued. IL the
Presidents sishes prevail. to "bs held by the
purchaser exempt from taxation. and from seis
ufe Tor debt Here IS the beginning Of mon
eyed sristocFaey. In England The entAiled e.
tates Of the nobility are exempt from seizure
or debt, but they are still subject 70 taxation.
But Il this suggestion Of Mr. LINCOLN be adopt.
cd. The men holding the special Indebtedness will
be protected beyond the Eaglish noblemsn, for
nos Onl, will bis property be exempt from sez
ure for debt. but Il will also be free from taxa.
,ion
The war may pile the taxation upon th. poor
man until his hearth Is hrele-s. his home without
bread and hi- wife and children unshod and in
rags. but the class OF moneyed aristocrats pro
posed by NJ LiScoLN in his message will not
feel these privstons; they will rest secure 10 their
property By exemption from taxation and seizure
for debts. The bard working mechanics house
may be laksn away from him for debts incurred
20 procure food for his family. but The bonds Of
the class Of public creditors proposed by Mr..
LINCOLN will be secure FROM taxation ADD -eiz.
ure. and the holders become a privileged elsss.
10 the most offensive and oppressive sense OF
that term. This proposition il so plain that none
who have attentively studied the suggestions Of
Mr. LISooLS will deny t.
/ But. in another view OF this plan. st not a
mos, fertile field IN which the sharper and die
honest man eau operator Under this system a
man may accumulate debts. may increase his Ii.
abilities to any extent possible. and, ifhe CONVEX,
bis H. gotten gains into the class OF public securi-
ties suggested by the President he may defy all at
tempts to reach him. aud revel ia wealth. while
bic honest creditors are ruined aud dishonored
This will certainly be the operation Of such a
measure a that We are considering; and yet the
Abolition presses applaud his message. and in
dorse his recommendations as worthy Of the sane
lou and suppor, Of the American people
IL Is bow for the people of this country to de
lermne The question whether they are prepared
10 sanction. not only an increase of the public
debt by corruption and prolongation of tht
war, bot such use Of the Indebtedness as tC
create moneycd sris,octacy This will be To,
result OF the suggestion of Mr.. LIScoLN. i
adopted and Sivlhed by congressional aetiott |
will increase the burdens Of the poor, and place
over them masters from whose exactions there
will be no escpse. More than this the people
once trodden under foot by a moneyed aristocra
cy, then comes the mastery over the govern
ment II some future Congress should ac, upoi
the advice of MIR. LiNoopS. aud issue such public
securities as he suggests. the holders of then
will soon appreciate the necessity Of barring the
door against an interference Of the working class
e. in their own behalf az the polls
Then will come an attempt to change the cleo
tive franchise aud make property the basis O
representation This will be absolutely nccessa
~ 20 complete the scheme This once done an,
the supreme court in the hands of men who vii
determine grave questions. not by the principles
OF the Constitution or the written law Of th'
land but upon public policy" then are the
chains riyeted fast upon the people. aud thu
dream Of freedom gone forever
Among the dangerous propositions and sug
gcstions contained in the message OF Mr. Liz
coin. this is certainly entitled to bad emf
hence" /, reaches bsneiully both the govern
uient. whose foundations IL assails. and the PEG
Pile, whom il ensaves IL seeks TO build up
class of moneyed men in this country; whose in
terests will be opposed to such political system
a. that under which we have proposed. and Whose
instincts will favor "strong government, il
which the few shall govern the many, and none,
aud property be the basis of all political rights
This ia an abolition theory Of freedom for whit,
men. which should be denounced by every tru'
friend Of liberty and Of the republic.