Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1865-04-05
[ From the New York Freeman's Journal. ]
CHAINS AND SLAVERY.

OnhlNo AMI OLA v In !.
Debt is slavery. The advocates of q
"strong government relgiously believe
n the efficacy of q huge national debt.
II enables therl TO keep the masses at
work for the benefit of the few-t that is,
to transfer the contents of the poor mans
pockets into their own. No more injen-
ious plan could have been devised by the
PurilanicGl Pack which now governs this
country, for the enslayement of the peo-
pie, than is furnished by this internal
war. An opportunity for tkis purpose
has been sought, and is now being embra-
ced, under tho specious pretense of free
ing negroes.
This monstrous war, clearly unoerta-
ken for tho enslayement of the poor
white trash" will end by entailipg upon
us a dobt whose colossal proportions
make us shudder when we contemplate
the misery, the poverty, the rags, the
chains and dungeons, that will naturally
follow in its train. Bonds are being is
sued by the thousands of millions. We
shall yet supply the world with them, he
the domand what it may. And every
bond is link in the iron chain that binds
us. Bonds and slavery anonymous
terms, twin mpanions-how glibly the
words glide from the lips Talk about
our boundless resources, our ability TO pay,
and such stuff. England has boundless
resources too-the sun never sets upon her
possessions, they say--but does that pay
her boundess debt? Does that mitigate
the burdens of her over-taxed and down
trodden masses? This country-every
thing in it's being mortgaged, under
the shallow pretense of philanthropy, for
the benefit of a shoddy New England ar
istocracy.
Bonds and mortgages are being given
on our bodies and souls. The bonds and
the cotton have been going to Europe so
freely Of late, that the course OF trade has
been reversed, and gold, in the absence OF
demand for shipment, and in view Of
large Treasury disbursements-Sl7 ,OOO,-
600 in Maynext, and 50, 100000 in July
following declined with degree of
rapidIty quite appalling to holders Of eye
ry description OF property.
But this is not the sole cause OF the de-
cline in gold. 1t is well known that the
Secretary Of the Treasury has been rails
ing, $500, 100000 by The sale Off 80 bonds,
rs they arc iamiliarly called. A great
portion Of the vast sum Of money thus Oh
iained, has, we suspect, been held, instead
of being immediately disbursed by credi-
tors. Hence, we have all been brought
to the brink of the precipice, as il were,
by the sudden and unexpected reduction
of the currency. We see with amaze
ment the wanton annihialion of several
thousand millions of value, and, in COM
mon with others, await the result with
painful anxiety. Verify, 'richcs DO take
unto themselves wings and fly away"
Some infatuated persons seem TO imagine
that specia may even fall to par, without
affecting United States bonds We think,
however the laws Of political economy
will hardly be suspended for the accom-
mediation of these bonds, or those who
may happen to hold them, and we under
stand the Secretary of the Treasury takes
the same view OF the matter, and has, it
is said, invested Sj,0O0,0O0 in them, for
the purpose Of arresting the decline which
commenced last week when 2O's sudden
ly fell from 1881 1907 and 10 Hos to S9l
I A merchant or banker in distress, vii
hardly stop to consider whether it is dis
l lOJ al "a uUE, TO save his mousse noun uil
ure, by the SAFE OF any property he may
happen to hold for temporary investments
! The National banks are based on these
| bonds, which has occurred since our las
| issue, has been mainly caused by the I'M
mense amour. of bonds, sold by tue Sec
retary of the Treasury. Unless there
should be further issue OF paper-money
| there is reason to believe the recent de
cline will prove to be mere shower, in
comparison with the storm, we shall wit
ness before the expiration Of the year
All the property in the country, will b
reduced in value to make room Tor tn
5000, 900 900 of bonds 10 be issued forth
with. or as soon as circumstances will per
nit. n the summer OF 1861, under spe
cia basis, and when our debt was merel
nominal, the tonds of 1881, sold as low q
! SO, having fallen from, l24. We can eas
! ilv imagine what they would brig in
panic when $1,000 900, 900, of them shal
have been issued. Foige your chains ant
rivet your fetters, liberty sleeps now, AM
the long dreary night Of despotism is fas
setting in
The NEcRo BARRlsrER. We Englsl
have no particular objection 10 blacks
we should not think of rising from tn
board because negro sat down anon
the miscellaneous guests OF table d'h0te
nor if q mans black blood was not unmis
takably expressed in his face should W
think of looking for it n his finger nail,
STILL it is inlubitably certain that the az
pearance Of an unequivocal niger" as
practicing barrister at one OF our highe
courts would awaken feeling which,
not exactly painful, would be the very re
verse OF pleasant. And can We believ
for moment that the inhabitants Of tn
Northern States of America. who only tn
other day regarded the negro with a
instructive adherence that astonishe
even the stakeholder of the South, ca
regard such a spectacle as the Washingto
|, correspondent describes as anything but
national degradation AS a mark that ur
toward circumstances have enabled cl
que Of fanatics shamelessly to trample o
the feelings Of people. .-London Mornb
! HeyyH