The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1867-03-27
The National Debt not yet Half
KnOvn----lmPUrtant stale
ment. .H.. .sr .... -

Unwilling to trust their followers with a
knowledge Of the true amount OF the Ma,
tional Debt, Republican leaders have CON
stantly striven to delude the public with
imperfect statements of its extent. In
furtherance oftheir purpose, they constant
ly parade the monthly statement of the liqm-
dated public debt as published by the Treas
ury Department, and hold that up as proof
that the national Indebtedness is no more
than the amount therein shown. As cor
rect Mould it be to say that mans entire
liabilities were shown by the amount of his
due hills in the hands of creditors.
We have been led to the forego;n ng re-
marks by the appearance of an article in the
New York Times (Republican,) showing
that the amount Of the uational indebted-
ness has never been definitely ascertained.
and that the aggregate is being constantly
increased. The Times gives the following
items which are not embraced in the month
ly statements of the Treasury Department:
Bounty bill OF 1886 $50, ,000, 900
Bounty bill of 1857 ......... ..... 300 600, 900
| Assumption of State war debt 3,0u0,O 900, 900
| Total. .."....."....... %, $50 OUO0
| In regard to this item Of claims, We gate
Fthe language of the Times ..
These claims began to come in at til,
beginning of the first session of the last con
| prcss, and were referrrd to the Committee
| a.. IL
! Columbus Delano, Of Ohio, one Of the
ahest and most cnnsi crate Men in public
| life. So startled was the Committee by
the amount of tl.ese claims that they re-
ported resolution, which was forthwith
adopted, that until. otherwise ordered NJ
claims OF this character from the citizens &
the Southern States should be ents rtain d
| But this was simply TEMPORARY EVASION
OF AN INEVITABLE DUTY. 1t was like shut
ting one q eyes to a danger ton fearful to b.
faced. The COMMITTEE did not dare to le
the country understand the ertSat Of tjses,
claims--vhich are perfectly just. and can NJ
more be ignored than can the Seven
Thirties or any other part OF the public
debt
7 What the amount of these claims vii
prove in the end to be, the country has M
means Of knowing. Mr.. Delann has intima
| ted two or three times, while urging Wig
orous measures Of taxation in Congress, thai
they would be large enough to tax to tn,
utmost extent the resources of the whole
country. Aud re hnrs rery good reasons Il
bel,ere that the amount Of s"chef,these clusn,
as ,ciN be found to he perfectly just, ana
SUCH AS MUST be pd;d, pHi approach Ter,
nearly ifit does mt eq'.al, whdt rs under
stood to be the present aggregate Of tn
| National Debt. This NAV seem extrava
giant, as it is certainly alarming; but W.
believe time will show that it is not a,
overstateincnt OF the actual fact.
The above is the statements OF one of tht
leading Republican papers Of the North
It's editor distinguished member of TIN
last Congress. Ii is an open confession o
the duplicity with which the Republican
leaders have acted towards the people. j
shows that Republican Congressmen, fi,
fear OF their popularity. "did not dare Il
let the country know the full extent of tn,
public indebtedness. Whilst denouncinI
Democrats as falsfers, the Times acknowl
edges thst its own own party, with C"lum
bus D lano in the lead, has been THROWN,
dust in the peoples eyes and keeping iron
them truthful knowledge of their labiIi
ties. These are admissions which may wei
excite the indignation Of the public, an'
should serve as perpetual warning agains
being deceived by similar frauds in tn
future,