New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-02-16
Population of ihc Confederate Debt De
muuded.
Erons The E:a1Nfyvr, FEB. II.

FROM Inc krHTNfgTr, GfOs
The reduction Of the public debt, slInu.tane-
ousy with the Dedication Of tho productions of 'he
country the deoIse OF the nation, IL imperiiyeiy
demanded well by sound policy az by even AMI exact
Justice II the exiencics Of the occson demand that
private property shGd b. given up o. public good II
equally demands tina! discrimination between kinds
Of property be made and more than nil that one Kind
Of pro- shall not be fostercd and protected by tie
sacrifice Of al other kinds, and especially 10 this true
when the property thus sought Va be uHde GOOD has
been obtained for not oHefshth It's full voiuc.
The indebtedness. of tbs Conieieracy IN bohcs Ger
tifcaies and notes amounts 10 about 2Oo n'ohs-iur
which the Government has not received We SPECIE
Justice In reducing this indehtedness, and bingug II
within the capacity Of the resourees Of he country To
pay and p:ovide for It's payment at about what the
government received luT IT. -
II the public debt be reduced 10 400 millions, and lis
interest 49, -ay per cent made payable In specie. the
bondholders will be- nctually benefited. receive more
than they paid and The country he relieved of the great
burden which Expresses all Glasses and parnlyses
the arm Of many 10 contribute 10 the public defense.
All nations have recognized ~ legitimate measure
tho arbitrary reduction ~ the public debt Where the
principal i. rJ,ao,ndbe the interest has been reduced
Thus England in il- reduced tho Interest on part oi
the permanent debt fum oto 5rer cont saving annually
asa 500: and in li27 further reduction of ron per
cent TO pr cent. by which tie annual charge was
Diminished i3.1c@ei. in l,'s tho Ter cents we. s
November, l1ie. Tie stockholders were 10 receive
per cent until 2Jth December 1862 from tLat lime III
lie 25th 81 December, i757 they were allowed y per
cent, after which time the iniecst was reduced 10 per
cent Ia tie year 1851 several Of these stocks were
consolidated Into one fund. amounting collectively
TO Sql372l. This was the ofson OF the present con
solid acd cent annuitcs. Various other soc Is
were consolidated II the same pcrod e. The sincnnt 81
az zoo J2f forming The commencement Of the present
throe-p Ifdnc,d Annniiie,. Again; Inc me
new thec.per annui;cs or gnnted IN iso By the
conversion OF tie new four rercerts which bad be.n
formed in s from e NAM n,sE, SSH e iso
In le reduced to three and aquarter per cent effect
ing an annual saving in inteIest 20 the amount oi
s62l ss3 In lsJi the rate OF Interest was itheI re-
! !. ,X,. nd AFT NAV
We dad France IN 1854 reducing her 5 pr ceh,
Rentes into per cents BY decree ofie 18th OF March
and dtninishing her annus charge ~ oo 90 Of francs
Ia Ssin the alterations Of the public debt through
versions eaat &c. Of on nIei,ra or digh eharae
twenty three years paid Ter
Colonial deb, ~ 1t the rate Of for eleven and forty
r one the present price Of gold In these Siaies were tho
,a,.. NJ hch tinen,al deh was converted. These
\ examples In tho history Of other nstions might be
greatly extended but aTe rcicTed 10 now 10 show That
conversion nd reduction bca' 10 relation ~ rcPuaia
\ 10 mako what rcmtns afcr conversion and redno-
ton more yau bic than wha II was beiore. no more
population than th. taxing Of all The cotton tobacco
&c is robbery and II the latter may be taken with
rri,ty for the pniic deepse. go the former may he
made with Justice fE tho public credit The reduction
Of Tie debt 10 400 CO., COO, pr cent would aoss
in imminent peril Of swanping,, These thousands OF
millions bewllder ope coise all ideas Of enumerailon
and do m@Ss to der Iu5 e sSn estimate in Who
csn comprehend it No the people whose bone and
muscle nre TO paw H. Nj that army IN the trenches
hates. .hoelcss foclles, naked. hungry. suffering.
Shall these men, sito years 81 such suffering. WORK
ana toll through long ycrs o labor and Iation ana
b,oneaih 10 tLer Children the legacy 81 work and toll
Ia irmbursr The bohdhAler who. having now pad one
dollar Of gold value ihd demands tont Lot Tho cot,
ION tobacco meat foIge. nceTo's, oil be taken. aha
thon LET the bonds be idcn likewise. .
Having reduced the public debt 10 four hundred NIL
lions at per cent pay abe in specie and retired even
bond certificate ard note, leaving the country nee
from that which IL now most uhpSroticall! called
"trrsbp IL will become necessary to supply new eur.
rcncy Two Lnl bred aEd 6ay millions VI notes, funda
lie in per specie paying bonds Will furnish ina
4 currency. 49,, .
i These notes paid out for tie cotton, tobacco, &c !,
would give n currency TO which gold Gould never bear
the inoId.naie proportion 1t ustans oe present cur.
rcncy, because Of us being inndabe u specie.lping
bonds Tie indebtedness Of the country would teen
stand fodr hundred millions four per cnt bohds-t"o
hundred md fifty millions 81 notes e1chngenbic 10Y Two
hundred and ny millions Of four per eat bonds, or st
hundred and ifiy millions II four percent bonds io
| which the Government would hold as redemption iund
tie cotton tobacco &C, ofthe cO1ntry-t fund hmpy
able 10 pay the debt and provide IN grof measure Tor
carving on the war Taxation then upoh the endless
chain" principle returning To the TREASURY zach quarter
the amount demanded for public expenses would place
| our finances on O firm aud sure footing.