The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1865-06-24

i
Valley, has the mission 70 wear down "a,
sectional barriers which the doctrine O
State rights, and the partnership Of poll
tlcs nave for three quarters Of century
Teen building up into fortified camps o
division and civil war. And the uniform
Matfonai banking currency will psrfdsn
this mission. tala z
There is not now any other bssis sor thi,
! than the debt Of the whole United states
The issue Of National Baak notes at pre-
ent 10 restricted 70 $N0,000, 900, and the
SKATES la Rebellion have not begun to b.
reconstructed, and the National Baukins
system has hardly crossed the Aiisissinp
River. No man viii say that that voluinl
Of currency 10 enough for the coming want
81 the nation who cousiders the demand
and rsinvigorated Southland soon In the
West and The fhr rgNorth.West-who con.
siders the prodigious Immigration thatSbA-
gan to, pAnf into the HNpptfy before the Re.
bell grounded arms and which will fol
YEAR, hood 10 us from Germany, England,
France. ireland. Norway and ewedsn-
Who considers the vast attraction OF man.
Iby = tariff systend that promises lasting Re.
wards 10 labor In the midst Or politics ha,
crown labor With freedom and sodtAl equal.
lityIwho considers the marveuo devel.
[6fntent Of industry. mining. maupYactur.
Ing and agricultural, Of which ou{ country
b destined soon to be the theatef, and ~
cry hour of evsry day Of, which win d
maud currency = the machine Of IT. AZ
This is not hazardous opinion which
decl2rfs &AStin leeA than twenty years our
Natlonal Bank circulation will be
One Thousand Millions OF Dollarx. Bear
In mind that there are now In the United
.Statee thirty Ave millionss Of people. and
that for the last half century the popula-
ton Of our country has doubled its num-
bers In every twenty-three and half years.
people, unequalled in indQstry and un.
in enterprise, WI require, has
got to hare the basis Of National Debt
There is no other foundation for It to stand
on that will impArt sooit ~ once security
and nationality.
s. '. ,rhe National Debt should Be 70,
tanned az National Savings Bank fos the
earnings of laboring men and .women-as
. National guardianship for the estates Of
tional trustee for the property OF. men ,re-
tired from business-of farmers .apd me-
charles, and generally all ofthose who are
inex perienced in sffairs. aud who. desire 10
be safe from loss. free from care. and re-
lieved OF the expense Of management and
the cost and perilss OF agency. In this rer
gard. the retention Of The debt Is a solemn
lied State in which legal provision IL not
made for the absolute security OF the prop
erty OF cilzens too old OF too young to I'D.
minister it tihemsalves-which does not Af.
ford . safe investment for She earnings Of
that class, immense in numbers, which
hes no financial judgement, and which is
continually exposed 70 be prey to the or
ganizers OF fraudulent Insurance. cpmpa.
nies. uneound banks, unneeded and IN.
profitable railroads, bottomless oil cCmpa.
mics, nnproductive mining entAfpriSes,
losing savings institutions, which h ex.
posed TO Nse By naws or usury In mor1ea-
gee, By frvaldtty Of bonds, BY defalcatIou
and e1tfay1ganceo In corporate manage.
ment. There can b no mistake about
seventy Thirty mortgage ON she rnited
States ofAmerica, In 4 there IA 10 siAk
ship need hover snd knaw. Wometl' aud
children csn collect their incoxne from L
with n, 4Yys s1ps9Paiys sgsbcy thap
VI. The Masional Dsbt. made permal
A4nf, would change To politics of ~
country ~ introducing into it The over
leading element Of public economy. Paf-
tisahship would be toned lown-sdminis.
tration Henld b 9ore cloaaly Watched
wop's bs more sqd mos dsm.nSss snss,s 8
pnb!ie men, Shd cahdi icstes tcrs once. "A
gp4at BALANCE wt5eel 0pld Be insroduced
into parties and Ito tffe Of thS xiation.
which w0uld cheek pao sto6n3e u,0ven6Vnts
and restrain dtlAf dtsflt5 dSnciss.4 { sa 20
v1I The iet9ntion 6fthe principal ofthS
debt, and TIE plaent q the inteisat ,oply;
would avoid the ET6n ol ellinG 81 this
gsnsrs..on e dis. aS iqeli4 l,sa sIpa a. con- 2;