The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-22
Another Suggestion.

We have in the Hoosier State statement OF your
plan to pay of the dobt Of government, and only
demur upon tho ground that you bring II within the
reach Of but few Of the American people, whose hearts
entwned about the government and have given and
suffered much to preserve II from destruction by the
ruthless hands Of traitors Desiring do to partci
pate this good work Of lberang tho government from
her great debt and the people Of these States from add
tonal taxation submit the following plan to tho peo
pie Of tho United States
Lot the INHABITANTS Of all our cities hold ward meetings
Saturday the LIST day Of July 1855 and every town
and township in every county and State In the United
these meetings when thus convened appoint solicitors
whose duty shall be to commence their labors on the
4h day Of July 1885, and solicit subscriptions TO pay the
national dent receiving in subscription such amounts as
each Ia willing TO give. Let Commodore Vanderbilt
and others whose noble souls have responded to your
proposition head the list with their princely offers.
Let the heading Of each subscription paper set forth
the following conditions:-We, whose names are here
national debt tho sum to our names as the
Of three Thousand millions Of dollars has been sub
ana the Ss bs asnns
the United States soon as the above stated amount
shal have been paid into ne Treasury Of the United
scribed shall become lien upon our property and may
Be- obtained by legal process In any court having juris
BY adopting this course two objects would be gained
hrst national debt would be paid or thereby reliev
ing the eus q
American people, after peace has been accomplished
BY the prowess OF our armies would strike dumb tho
that tho United States Of North America is not only
groat naton, but the greatest nation the earth The
and a. The nation i prospsred 50 are the people
TEsRz HAurz, Ind, May 81, 1895
PROPOSAL 70 Pay the Debt BY . Loan
Without Intercst.
TO fHx nDIr0R OF TIE HERALD.
DEAR S,s:-"Your plan" for obliteratlng the public
debt although dcYed By some q your competitors for
the supremacy Of journalism In this 6odhly % az i'm
practicable scheme, Cotton up for effect has made an
Impression on The public mIndupon :ho whole nation,
Which tefutes a any attempt At bottns the gran
deur OF s conception denying the feasibility Of It's
contamination. However, 10 obvious that tho opposi
ton with which Is met by great many, from selfish
and various other motives, may in the end neutraliz
friends of tho great and patriotic undertaking But II
must not DO given up So The creation OF such ooronet
years must not be impeded by anything tina, bound
less, disnteresed patriotism and just national pride
can overcome; nor Is IL all at probable judging from the
Alacrity with which IL s impeed in its onward course,
that the ball you have set In motion now DO checked
BY anything that army of skepcs do TO prevent
It. The idea has taken firm hold OF the people, or,
rather the people OF it, and we are no Americans We
do not 'put IL through" in some shape or other.
still II must be remembered that o. Mr. Scion shinsle
would say, three hundred millions is good deal OF mo-
ney-to give away andt may DO asking too much, even
Of American people, 'come down" to that extent
In this view Of the subject has occurred 70 mo land
should have presented these views to your consideration
before did not fear your being annoyed with like COM
muncations In greater number than you would could
attend to) that those who have shown themselves 80
laudably ready to giveabsolutely give away sums Of
from ten thousand to five hundred thousand dollars
would be willing and more to lend the government
much greater sums payable early future, without
interest," and those who cannot AFFORD or do not feel dis
posed 10 give would cheerfuy loan TO liberal extent
the terms In this the required amount
be raised almost beyond doubt-the remission OF
their being the great incentive to such lenders ~
do not from purely patriotic motives, and this vital
modification Of the original Idea would accomplish the
same end.
Our interest account would be at once wiped out the
of collected would bear lightly and
indirectly upon all Of people. We shall then only
require 10 raise the current annual expenses OF
the government which will soon be light, and
certain sum, say nfty or one hundred millions ad-
ditionaI, Q fund 70 gradually pay on this really
patriotic loan The hrs Of these requirements, should
judge be raised by the usual duties on imports; in
order TO obtain the other NJ two OF our ghtest forms
Of internal revenue might be retained.
Nor would the promoters OF this plan, our commercial
and manufacturing element have anything TO lose On
and especially for those who choose consider In that
light There hundreds thousands Of men, or firms,
you please whose annual interest their loan Will
not exceed the amount OF their monthly manufacturing
alone 70 say nothing OF the income and other
taxes which would BE- abolished
cannot have the $500 900 900 national gift al
the altar Of constitutional liberty lot have tho loan
without interest by all means. L. B.
Enw YosE, june 4, 1895.