New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-06-03


We can scarcely imagine that M. Wendeil
Philips seriously contemplated repudia'oh Vi
the National Debt in his recent Boston speech
That debt has become an institution, ana inusI
be managed with consummatc prudence ara
craftsmanship The idea that it can be paid OIL
in tie manner customary TO actors and persons
who live by testimonial benefits, is empirical.
Some philosophers consider large debt an ao'
vanage; Others an injury. We 90 not DISCUSS
hat but call attention to what we consider the
most sensible plan for paying the National Debt
Sub.cribe for the great National Loan. 1t probe
81; would be grand spectacle to SEQ our rich
mer stepping up and paying the debt by sub
scri)tion. But is it not grander to see the poor
mn, contributing the hard.earned savings Of
yeas to the support of the Government, and
carrying home previously, tender!y. proudly
in his horny fist, the bright and modest
7.3o and its nest Of coupons. We ere disposed
20 regard the charity of the widow who threw
her mite into the Lords treasury as OF higher
ord,r than that of the wealthy Pharisees who
gave their shekels with ostentatious liberality.
If nc desire to see the debt paid let us begin
! 10y assuming il. We do not want English or
German loans; we do not care to parade our
/ credit in London, Pa and Hamburg, aud offer
it to the highest bidder. 1t is ours and Is as
dear a. our flag. We, the peOp'o who have
fought these bloody and dcsolating wars; we, the
ple who have orce more established peace
and domestic tranquility; We, the people who
! have slain Slavery ard treason. propose to take
th. debt and keep i and wait the patience, en-
terprise and progress Of the Government to pay
! it,
Therefore, we say again, if il IL really desired
to pay the Nations Debt. subscribe TO the Ma
tons Loan-thc great 7.30 loan-tho ast issue
II which is now before thc people. Every '3O
bond makes its holder friend ~ the Govern
ment. Adam Smith, we believe, bases his great
book upon the theory that all men are
controlled by their interests. Every poor man
who holds a 30 j.. 10 the value OF that bond,
above all political management. When the Cop
pertcal politician BIDS him beware OF the men
in power, for they are false and contemplate
reputation, he lools At hi bond and coupons
and remembers that he il thus placed as mort
gage over all this vast country, and that every
gun and ship and dwelling is pledged TO their
redemption. in managing the loan We see that
Mr.. inv Cooke il carrying out this idea with
energy. His object ia to have the loan taken
and a, the same time hare IL taken by The psJp'e.
He Is counting subscriptions Of ono and two
hundred dollars, for he knows that If every ono
of his bonds can be made 10 represent a ballot,
that ballot will 10 freer and more intelligent.
The citizen who votes with 30 in his pocket
will b. above the influences OF Slavery and cor
ruplion. To reach tits class . sy'tem of
night agencies now exists in philadelphia,
aud meets with great success. Offices
have been opened IN The various wards and dis
tric's during thu eayly hours OF the evening,
and tho working man has an opportunity Of ac-
quainiing himself with the character Of the loan
and subscribing 10 it. The same plan Is about
20 I've introduced into Newly FORK by some Of Mr..
Cookies agents, and the indications are that It
will DO very successful The enterprise Is noble
and ps,rotic and will be Of great advantage TO
the people o. well ~ TO the Government.