The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1866-01-03


Treasury and Texas Bond,, &c, o-o ooo 40
Temporary loan ten days notice 80.
Certificates Of Indebtedness due -os; aoo 90
In ls66. w.
Treasury Notes per cent. due T., sas on, ma
December ! 1865. ....-...---
United States Notes and frac' Az. o,a ma o.
tional currency ....---.....-
sl,776 672, 7s4 IS
No wonder that IN view Of funding this
immense debt, within 80 short PERIOD
that the SECRETARY depreciates any
change of aw by which the bond
holders q the government shall pay
their list proportions ofthe public burth-
ems The argument of the Secretary up
% this point is weak and unsatisfactory,
If the men of wealth in the United
States will not invest in government
bonds without such exemption, let them
pass into the hands of foreigners, and
let the rich capitalist help pay the III
terest on them. If the bonds go abroad
the home capital will he employed in
building railroads and developing the
resources of the country. If all the
floating capital of the country be invest
ed in government bonds WHO will furnish
capital in place of all the sunken money
of the South2 If the government bonds
are the best investment for the capital
ist he will buy them, and when he can
de better with his money he will part
with them. Foreigners, through their
agents, will always be able to buy our
bonds. and no exemptions will keep
them at home when money is high here
and low in Europe. The views of Presi-
dent Johnson are more in accordance
with Justice He says truly;
No favored class should demand Tree
dom from assessment, ana tho taxes
should be SO distributed as not to fall
unduly on the poor, but rather on the
accumulated wealth of the country
The special pleading of the Comptroi
Ter of the Currency, by all who know the
man and his business, will not be receiy
ed as the broad Catholic views of high
minded patriot who overlooks self when
consulting the public good. The debts
of the government should be, and no
doubt will be, held sacred, although a
sad legacy Of Republican and Secession
fanaticism and folly, but the hardwood
ing, honest laboring classes Of the coun
try will insist with President Johnson
"that no favored class should demand
| freedom from assessment" and that the
taxes for the interest and principal of our
vast debt shall be fairly distributed.
1t is folly, nay, it is absolute madness
| for us to conceal from ourselves and from
the people our real condition. The soon.
er we awake to it the more we shall be
| in earnest, and the better we shall lie
prepared to avert the dangers which
threaten us The Secretary of the Trea'
sury evidently sees the evils which sur
round US but he dare not sound the
alarm from the fear that he might pre-
cipitate the dangers which he is laboring
to avoid. Party necessity is also upon
him, and he is obliged to keep up his con
sumptive patient with palliatives lest il
should suddenly collapse and die in Re
publican hands He cannot, however
withhold pregnant hints of the extreme
~ critical condition of his patient. Oh
the currency he says:
The expansion has nov reached such
point as to be absolutely oppressive tC
large portion Of the people, while at
the same time it is diminishing labor
and is becoming sabyersive of good mo-
rails
There are no indications of real and
permanent prosperity in our large i'm
portation offorsign fabrics; in the heavy
operations at our commercial marts; IN
the splendid fortunes reported to be
made by skillful manipulations at tbs
goln room OF the stock boaId; no evi,
dences OF increasing wealth id the facts
that railroads and steamboats, are crowd
ed with passengers and hotels with
guests that cities are full to overflow
ing, and rents and the prices of the ne.
cessaries Of life, as we'll as the luxuries
are daily advancing All these things
prove rather that foreign debt is being
created, that the number of non-produ'
GERS is increasing, and that productive
industry is being diminished
The Republican party has claimed to
be the exclusive party of great moral
ideas" the Regeneration OF e! erytbing
good. the new light recently sprung up
to shine upon the moral darkness of De
mocracy, and the herald of the dawn Of
freedom and liberty TO the world
Strange, that in few short years it has
reduced a great country from the height
of prosperity to a beggarly condition,
second only to that of the most tax-riG'
den nation on earth. Strange, that in a
land where there ia SO much to do to de.
yelop its vast resources, it is, By its poll
ey, rapidly increasing foreign debt, null
tiplying idle aud extravagsut non-pro-
ducers, gold and produce gamblers, and
diminishing labor aud subverting good
morals
To the Conservative aud Democrat,
! houeyer III is not strance that a Marty