The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-05-12

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city, Brooklyn, Washington and Philadel-
phia. The return of General Ortegs from
Washin gton is sn1iously looked for IS he
is expected to bring definite programme
of proceedings. f - 81
President JOhnsOn's first Appearances.
We shall never forget the story, told Us
many years ago, by Governor johnson
himself, of his debut in public life. He
ws7, be said, an inexperienced boy, Just
from the tsilor's bench and the baokwoods
of Greenville. The people had sent him
to the Legislature to represent them, and
though awkward and diffident, he had ali
the desire in the world to do the country
some service, and make creditsble figure.
There was a general land bill under dis
eussion, and he thought he would try his
hand on 1t as about the simplest and most
interesting occasion for his maiden speech.
He got up eve are using his own words in
the msin) and shattered away right and
left for about an hour, at the public do
main, and sat down thinking that he had
done pretty well. There was member
from the county of Knox by the name
of Cburcowell, father of one of the
last members of Congress from Tennessee
and reputed to be bastard son Of Judge
Campbell, politician of the same State,
who was Secretary of the Treasury under
Madison, and Minister to Russia under
Monroe. Church well was very sristocratic,
considering his origin, with an smouut of
bombast and Hswell7 and drufIle" about
him, and represented the mOneyed and
landed interests, Just rs johnson repre-
sented the poorer classes. No sooner had
the latter sat down than the former arose.
His manner was more than offensive. He
inveighed with great insolence sgsinst ali
tsilors, and especially the tailor from Green
vile. Whist did they know about public
lsnds2 His colleague might mend his
coat but not his bill, of which he possessed
as little interest IS knowledge, for he WAS
mere bird. of passage, here today, and
there to morrow, and so on.
johnson let him finish his violent har-
angue, and when he rose to reply, the house
and the galleries were crowded with per-
sons who had heard of the turn tskon by
the debate, and came up to enjoy the sport
The first portion of his reply WAS confined
altogether to Argument johnson says
that ne stumbled along as best he could
over the ground, and made perhaps rather
poor out of it. But, by and by, he
reached the personal part of the business,
aud here he felt at home. BE warmed
up with his theme as he proceeded, dis
sected the attire the manners, the ap-
pearsnce OF Churchwell, from his shirt
collar 10 the toe of his boot, and f.
nally raising his voice 10 its higheEt
pitch of earnestness and vigor, con-
cluded thus: It is true, sir, that /
am tailor, and here announce that l
am good tailor snd will spoil no mans
gsrnlent as the gentleman would spoil this
bin. am alsO bird oi passage and may
be here to. day and there to morrow. Yet
7 am IS interested in the land pass over
"a anv stiek-iu-the mud who never flies at
all. And finally, sir, there is one comfort
tsilor As 1 am, and bird of passage as 1
NAV be- that / take to my heart; and that
is thst have lived TO gaze into the lace
Of AN honest man and call him father,
and that l do not owe my existence among
mqn 20 the lust Of an illioit bed. The
shoeh was tremendous, and ChurehWell
WIS never able tc run tor Office moro he
never forgot johnson or tried to Wrlggie
out of the terrible difficulty, and disappear
ed soon after sltOgeGher from political life
HaffOnaI slehis and u. 8. Stocks.
The creation of national debts is not
modern improve ment, but the ability OF
great nation TO provide for great dettl
and to make it the most cOnVenlent and
best form of personal property, Is q modern
wonder. The debt of Great Britain was
begun by raising millio sterling by loan
in 1892, and when her great confess 54sp
Louis XIV. was terminated, the debt hsq
reached fifty millions. Many statesmen
and economists were then alarmed at the
great burden which had been imposed up
on the industry of the country, bns when
the war Of the Austrian succession had
swelled this amount to eighty millions
Maeaulay says that historians and 0Eator
pronounced the case to be Desperate bu
when war again broke ont, and the nation
al debt was rapidly carried up to one nun.
dred and forty millions, men Of theory ane
business both pronounced that the tsta
day had certainly arrived. David Hunt
said that, although by taxing its enefgies
TO the utmost, the country might possibl!
| live through It, the experiment mus
never bs repeated, even a smsi
| increase might be fatal. Granville
said the nation must sink undeI
it unless some portion of the lOsd wal
borne by the American Colonies, snd the
attempt to impose this load produced the
war of the revolution, and, instead of di
minishing, sdded another hundred million
to the burden. Again, says Mscauieys wa
England given over, but sgsin she was
more prosperous than ever before. But
when At the close of her Nspoleonic WAT
1 in 1916, this debt had bean sWelled up x
h the enormous sum of over eight hundred
millions sterling, or four thousand thre'
hundred million dollars, or nearly one hal
| the property of the United Kingdom, th'
| stoutest heart, the drmest believsr in na
| tionsI progress and national Development
/ might well have been sPpslled- But II
| the very fSee of this mountain of Obliga
| tion-tO say nothirg of her vsst eOlonia
1 pOssessions--the property OF the Bfltis'
/ nation has been more than trebled, and hel
/ debt is now charge OF but l2A per cent
| against it.
All that Great Britain has done in pay
ing her debt, we shall do, and more, witt
ours. We have vast territories untouehe'
bv the plow, mines Of all precious metal
| OF which we have hardly opened the dOOn
| 3 population lull Ol llldt ouoEkyj ohboi prs
and industry, and the accumulated Veald
of money and labor of the old countrie
pouring into the lap of our giant and eyer
| to-be united republic. During the ferces
and most exhsusting Of all possible war;
we have demonstrated our nations
strepeth-snd all the world over, nations
strength Is but another name for nations
! credit. "As good as United States Stocks,
will soon be synonymous the world owe
with Has good rs British ConsOls." FO
our part, we think U. $. Treasury 1Gtf
bearing seven and three tenths annual in
terest. is Just IS much better than Britisl
COnsols as the rate OF interest IS hlgnei
Some of our timid biethren who shlppe'
their gold to London and i2vested IN con
sols, are now glad to sell out anu invest a
home at round loss--snd serves then
right. asl 4 ...
Items.
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