New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-06-16

fro Slave States 10 a Willingness to make war the
Government, on whose Perp@uy .ao P"l men, u 'ne
hotter cauVe and pledee for the harmonious and
operative life of the returned Southern States and for
the ncfmauence al the restored Union than the national
diffusion of the National Debt. The bond of interest is
the Dond OF concord We already feel it. acting
uressare from Tennessee. Louisiana Alabama. South
Cerolinn North Carolina. and Virginia, where the sale
of The seven Thirty Loan has been established.
lii Our National Debt should he held firmly in place
a. the Foundation of system of diver sifed National in.
dusfry which shall relieve us from dependence upon
Ebrope-sha give Us the near and cheap home MAJ ket
instead of The distant and costly foreign marketsha
dorbe the profits Of farming by doubling the markets
for farm prOductssha swell the ca.s that is dev oted
TO culturc which the sheetanchor of demo
shall free man by freeing labor, by giving IL many
markets in which to sell itself to competing bidders
The maintenance of our National Debt is protection
The destruction OF 1t by payment is bondage again 10
the manufacturers of Europe.
A permanent tariff will be necessary TO
enable 10 pay the interest Of the debt and the
current expenses of the Government This tariff upon
foreign manufactures necessary in itself is also Deces
ssry 10 sustain the internal taxation and excise system
Of the country. 1t is wall to prevent our domestic
manufactures from being washed away by impCrta
tons. We can have no Trustworthy and increasing
internal revenue without we have permanent protec-
ton The loss from revenues on imports II any follows
the increase Of domestic manufactures. VIII certainly
he made up by the increase Of internal taxation and
excise. Protection and excise are essential TO each
other. Both are necessary to sustain the National
Debt Neither, alone could uphold its weight md
without the National Debt neither system of revenue
could endure with the indispensably necessary quail
ties OF steadiDess and pcrmanonce Under these alone
do industry and trade develop and flourish and States
become wealthy. free and powerful
". The retention of National Debt is
as the basis of a system Of National banking. The
bonds of The United States accepted throughout tho
United States as the highest security. and having
uniform value in every of the States, are the only
real and safe equivalent for gold ard silver, and the
only available basis for uniform baDk-bote currency
that shall be money all over the Republic. Commerce
demands this uniform currency. Politics requires 1t.
The money that Is once current in Massachusetts,
and Alabama that has par value in Nebraska and Suih
Carolina in Virginia and NewfOrk. that is taken and
passed without scrutiny suspicion by the advocates
OF slave labor and the advocates OF free labor by ex-
trcmsts in the South and extremists In the North, by
the people Of the seaboard and the people OF the
Mississippi Valley has the mission 10 wear down the
sectional barriers which the doctrine of State rights.
and the porsar ship of politics have for three quarters
Of century been building up into fortified camps OF
6ivs sion and civil war. And the uniform National
banking currency will perform TINS mission:
There i not any other basis for this currency.
nor cau any other he devised, than the debt OF the
whole United States. The issue OF National Bank
note. al present is restricted to $500 900 CO., and tie
States Rebellion have not begun 10 be reconstructed
and National banking system las hardly crossed the
Miss .sippi River No man Will say TINT that volume
Of eureucy is enough for the coming wants OF the ma
ton who considers the demand for money 10 spring up
In tie resnrrected and reinvcorated Southland soon
in The West aud the far North. West-who considers
;ae prodigous immigration that began to pour into the
country before the Rebellion grounded arms and which
" ill., for years. food to us from Germany England.
rance Ireland Norway and Sweden-who considers
the vast attraction OF manufactures and arts from
Europe 10 America by tariff system that promises
lasting rewards labor in the midst Of politics hat
crown labor with freedom and social equaiity-who con
sdofs TIE marvellous development of industry mining,
manufacturing and agricultural OF which our country
is destined TO he the thecter. and every hour IL
every day OF which viii demand currency as the ma
This is uot hazardous opinion which declares that
I'm less than twenty years our National Bank Note cir
cuation will be One Thousand Millions OF Dollars
Be-r in mind that there now in the United states
ibiyfyo millions Of people, End that for the last hall
century the population Of country has doubled It's
number, in every 23i years. The Currency that SIXTY
me millions VI people, uneqnaed In industry ana IN
trlmmeled in enterprise VIII require has got TO have
the bssis OF National Debt. There IL otler fcunda
ion for it TO stand that will inpart to 1t at once
security and nationality.
Y. The National Debt should be retained 90 Ma
ional Savings Bank for the earnings Of laborng men
ara womeI-ns National guardianship for the estates
q" WIDOWS AID orphans-as the faithful National trns.
Tee iOr The property Of men retired from husnessoi
farmers and mechanics and generally Of all those who
are inexpe fenced In affairs aud who d sife to b" ts
from loss free from care relieved Of the expense 81
and the cost and Peris Of agency In thiH
regard the retention of the debt j. solemn Do''rn
mental duty. That IS not civilized state III which
legal prov is made for the absolute security OF
the property II cirzns too old or too young 10 aGh
isteI themee, es-wbich does not afford safe inyest
meni for the earnings OF that class lnm.hss ID huiI.
heTs. which has financial Judgment ana Vhicb }.
continually exposed to be prey Ia TIE organizers OF
fraudulent insurance companies, unsonnd banks ub'
needed aud improbable railroads. bottomess OIL com
names reproductive mining enterprises osing savings
institutions. when is exposed 10 loss bl naW. or usuTs
IN MORTGAGES by nvadiiy OF bonds BY deialcauon
can be- no mistake about Seven Thirty mortgage on the
Dtod States Of America In II there rs 10 iiss ahu
can he 10 loss About it attorneyship need hover
ana kraw. Women and children can collect their m
come from with more expensive agency THAN palr
VI. lie National Debt, made permanent would
change The politics of the country by introducing mo
il the e, 81 leading element OF public economy Parti
sanship wculd be toned CONGRATULATIONS would be
more closely watched-responsibilty ana care ana m
tegrIiy wonld be more and more demanded oi pubhc
men and Of candidates for Oihce. great Dalanee'
wheel would be introduced parties and into the life
of the nation. which would cheek passlohie mO'eehs
aud RESTRAIN disoTderly tendencies.
VII The retention OF the principal OF the debt, ana
The payment VI the interest only, would AVOID the
wrong n calling on this generation TO dlschaie on
Obgi contracted in the interest oil The NATION Tor
all tue There is no entirely just way OF dischargihg
National Debt except by apporr0nng the interest 10
generations after generations IN perpetuity
VIII There Is no occasion for appreciation IN any
quarter that the annual bnrdea Of National pebt 81
IS 900 will Oppress the people ana hinder the de-
ycotncn OF The resources OF our country. Inc nhon
~ IL H. in numbers power and spirit can carry the load
siuly and keep he route step too on as naic 10 en-
pire The Internal Revenue system We have, ianiy as
II ~ ia contIiyance and imperfect IN us WORKING
through our inexpeIience OF such machine, would Of
sc suffice raise more than the interest OF the uepi
and 10 throw surplus into the general Treasury, II IL
hAd lac efficiency Of the English. French and German
maclineIiCs II tax collection The puDlc VIII De as
ionshed and content 10 learn that OF the lOOOOU
gallons OF whisky annually distilled IN the United
Saies but 30 O0O 600 pay the excise dny-thet 90 100
600 gallons sip through our collection or hde-do
somehow get drank unt xed, or remanufacturcu IN shic
defiance OF law; that sl2O.OOO.OO0 from thi.
one source, and most righteous source Of
Revenue are yearly lost t. tie National treas
sury for want O cOicct0na sum Of money PfactleHDy
nt,ainahle that is within fory-hve millions Of ihe
whole amount of the years interest on the entire Ma
tOnnl Debit Save this needless waste. Gaihei the
whole Of the income which our tax law IL framed 10
yIed. cease 10 lose threeqnaiters or any PIT VI i
Tie power OF the nation yg'lanty ana faithfully ap'
Il q