The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1865-12-14
<,LUME IL.

endt3Y 70 apply the earliest remedy 10 TIC
deranged state Of the currency. and not shrink
from deyising policy, which without being
oppressive to the people, shall Immediately
begin 10 effect a reduction OF the DEBT. and il
persisted in, discharge it fully within a def
nitelv fiNed number OF YEARS
1t IS our first duty 20 prepare in carnes' for
our recovery .or the eye-iEcressing evils Oi
an irredeemab,e currency. without sudden
revulsion, and Yet without untimciy pr"craS-
tinttion For that end we must, each III oCr
respective positions prepare the way. hold
il the duty OF the Executive TO Insist Oh fru-
gality in the expenditures; and 4 splring
economy in itself a Erca; rational resource. e.
CT the hanks % which authority has been
given to issue secured by bonds Of the United
States we NAV require the greatest modera-
ton and prutlp nee, and the law must be rigid
" enforced when lis limits are exceeded
We may, each one Of US counsel our active
and enterprisinr countrvn eri Ia nc constant
y 81 their guard. toliqui'iate debts contracted
in paper currency, and, by conducting bust
ness Is nearly possible on a system OF cash
payments ~ Short credits. 10 holt themselves
prcparcd 80 return TO the STANDARD, Of gold and
silver To aid cur fcllow-citizcrs in the
prudent management oftheir monetary affairs
the DUTY Gtrolyes on Us ~ diminish by law
Ihe amount Of paper money now IN circu!a-
ton. Five years ago the bank note circIla-
more than two hundred millions; now the
circulation. hank ana rational. exceeds seven
hundred millions The simnlc statement Of
the fact recommends more strongly than any
words of mine c0ull Do, the necessity of our
retaining this expansion The GIaual re
ductiOn OF the currency Is the Only measure
that can save the business OF the country from
lis astrous caiani'ies: ami this can be almost
imp erceptihly accom- lishei by gradual fund
Inc the national circulation in securities that
nav bc made reCec nal bic at the pleasure of
the Government.
Our debt is doubly sccured-iirsi in the &C
tual wealth and still gre alter undcV elnpe;l re-
sources Of the country; and next III the char
ncter Of our institutions The most Intelligent
observers among political economists have
not failcl 70 remark, that thc public debt OF
the country is safe in proportion n lis people
ere free; that the deb, Of a republic Is the >al-
est % all! Our history confirms and cstab-
lsi"e the theory, ani is. | firmly hclievr,
destined 10 give i 81 III more signal illustra-
ton. The secret Of this superiority springs
nc. merely from the fact that in republic
the national obligations arc distributed more
widely through countless numbers in all
Classes Of socict:; ii has its root in the char
acter Of our laws. Here all men contribute
10 The public welfare. and bear their fair share
Of the public burdens. During the war, TN
der The impulses OF patriotism, the men of
the great body of the people, without regard
20 their own comparative want Of wealth.
throngcd to our armiC and filled our fleets Of
war and held theuls Ives ready 10 offer their
lives for the public good Now, in their turn
the property ard income of the country
should hear their just proportion Of the bur
den Of taxation. while in our impoSt system,
through means of which increased vitality is
Incidentally impaired to all the industrial in
terests Of the nation, the duties should be
adjusted as II i;ll most heavily on articles Of
luxury, leaving the II, q SsaTieS OF life rs free
from taxation as the absolute wants OF the
Govern mcnt. economically administered, will
iustifr No favored class should demand
freedom from assessment. and the taxes should
be 81 distributed a moi to fall unt,uly on the
poor. but rather on The accumulated wealth
Of the country. We should look at the ma
tional debt just as it is-not rs a national
blessing. but as heavy burden on the indus
t-v of the country, - be discharged without
unnecessary DELAY.
Il IS estimated by the Secretary of the
Treasury that the Expenditures for the fiscal
year ending the seth of June 1866. will cA-
ceed the receipts SIP .i:4.941. II is crafty
ing, how tn state thai i IS also c>timat ID
that tlir rrs"rUc - the year ending Seth
June 1861. will exceed The expenditures in
the sum of :Itl g.. SIS. This amount, or ~
much "a max BE- deemed sufficient for the pUr
public debt, which. on the 3st day of Oc;O-
Der, 1865. was $40, S54 80 Every reduction
will diminish the total amount OF incrcS; TO
be paid. and 81 enlarge the means OF Sill fur
fher reductions, until The whole shall lie liou;
dated; and This. Is will be seen nv the est
mates of the Secretary of the Treasury may
be accomplished by annual payments cen
within n period not exc c,iing thirty years
/ have faith hat We ia II do all this within ii
hnt-
worll by the suppression Off civil war which
was thought TO hc beyond The control of any
government, - We snail e';;!..lly show the
superiority of ocr institutions 10y tie prompt
all saitIf,il f;>cii;.-.so II orr rational chli-.
tons
The department. of agriculture under IL
present. direction : accomplish much III
DEVELOPING and utilizing lie vast agricultural
capabilities IF the country. ami or Informal
ton respecting !ie details otis management
reference j. ma &c - The annual report OF the
commissioner.
have dwclt thus fully on our domestic af
fairs because of their t.ansce ndcnt importance
nder any circumstances :. our treat extent ci
TERRITORY and variety of climate, producing
sImest everything that = NECESSARY fer tin.
wants, and even the comforts OF man, make
rs sngularly Independents If the VARYING pol
icy Of foreign powers, AMI protect u .e;.n~'
every ten 7t;on to "cntaug.lng alliances.
while az present moment the rr-cs. aIlish
menf OF harmony, AMI the strength thai
c0mCs from harmony, viii be O0T Lc>t secu
ritz against nations who feel power AM
forget right" For myself il has been am
j. will he my constant aim 10 promote peace
and a.nitv with all foreign nations AMI pow
<rs: AMI have every reason to believe tina;
they all. without exception, are animated by
the same disposition. Our relations with the
Emperor at China. 81 mt i'll their origin.
arc most friendly. Our commerce with BIZ
dominions i receiving rev developments;
and il is very pleasing to find that the GOV
ernment Of that great empire manltesis Sltis-
faction with our policy, ana rep"ses JUS, con
hdence in the fairness which marks oar IN
tercourse The unbrokcn harmony between
the United States and the Emperor of Russia.
IL receiving new support from an enterprise
designed II carry tclegfaphic lines across the
continent Of Asia. through his don;nions,
and so to connect III with ali Europe 10y 4 new
channel OF intercourse Our commerce with
South America i about to receive encorr-
sgemeat hv direct line ri mail steamships
10 the rising Empire OF Brazil. The distn
guishe,i party of men Of science who have re-
Gently iefl our country 10 make Sceniliic
exploration al The natural history and rivers
Il. l..,t m