The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1867-10-30
LOUISIANA, WEDNESDAY, OCTOBER 3d. 1867.

/ given for those of Great Britain. When
/, We hay these side by side upon the counter
Of the capitalist, he takes the British bond
ut a rate which will give him back IL, the
/ course of twenty years only 81 200, while
we pay him $2.700 during the same time.
That is to say. when TIE United States
/ borrows $1,000 in gold it pays the lender,
principal and interest, III twenty years,
$500; England pays only 81 200. When
we borrow ST ,00O.000 we pay on twenty
lyear loan $2,70O,000; England pays only
81 100000. But, leaving the markets OF
4 the world. and coming TO oursown shores,
we find our citizens will not. trust our gov
| ernHent upon the same terms " llieh they
give to their neighbors. The bonds of The
United States, pay an interest 10 those who
Ihny them OF about eight per cent. They
also give an exemption from taxation,
worth one or two per cent. more. Yetmen
eagerly Seek safe securities which, with
tho drawback of taxaiion, pay about half
the interest given by our government
Every days report from Europe that
flashes along the electric line tells that
the nations creaiS is lower than that OF
! fhe bonds put forth by a corporation Of it's
own creation Oar shame is proclaimed in
the markets of the world once ip twenty
four hours. This is a position OF danger
and disgrace At any moment foreign war
or civil commotion may fopple over this
feeble credit and leave US helpless, despite
all orr resources and our boastfnl sense OF
national power Why does the world
why do our citizens distrust the faiti, of
the governmental Why. when this qnes-
tioD presses itself upon the public mind, do
those who hole, political power IN the land
strive 10 turn pnblic, attention away from
| the subject? Constant efforts to keep
alive the passions of the North do not
spring SO much from hatred OF The South
MS from the fear that the people may look
| inta the financial condition of the country.
When taxation presses heavily upon labor,
new committee is at once ordered by
Congress, to look up or invent southern
i, oatrages. A series of telescope views OF
far oil and irritating subjects are constant
l1y held up 10 the public eye, lest those
things that mostly concern US at home
should get Share Of our scrutiny. They
| Are anxious at the pending electEn, 70
keep mems thoughts intent Upon the
sqnabble between military and civil mem
beers Of their party. They would have the
bubbles OF the hour take up the attention
of orr people, This through all time has
been the. device OF those tnnanie 10 1ace
their creditors, or who seek pubic OF pri-
yate .plnnaer. Deileve wise stateslliah-
ship can save our honor, can pay our debts
and hit the load OF taxation olt, from our peo,
tple. Let us then confront these flnanclaf
problems. Why is our NATIONAL credit 50
low 7 Because ours Is the only govern
ment 10 the world that seeks TO keep awe
hatred and discord within ITS oo'aeis; De-
cause'it.s revoihtlonary ID II ITS te'ldencies J
''ecause III trampies upon All tnoss tights u
OF person, OF Piopeity: o. ,feeaom %
thought and opinion, winch naa aere ,:,: :,
eeeIi 'ns p.in,lp,s' ~ oi ~ atranath
fabric, ana Wnlcn a.ohe gives !. s.I IS, st
aug Waite; oecause - aas s'oia.oo ~. sue
pledges Wnlcn a'e o lsulE .,n'g W .sI
in the course o. :"e feoelilon' oetause =
Influenced, the different states making up
the Union. to repudiate then sacred ooii-
cations. They say with truth, that TO pay
. man with debasedpaper money when ne
has had the promise OF coin, is bad faith
Yet in New York, the great commercial
Estate OF tue Union, when we were about
10, pay the public creditor, who had gwen
/ US rot q deprecated cure cy, but sterling
coin, the interest money that was due TO
him, he was forced to take q debased pa
per, at times worth less than one-half its
la a AS governor OF TINS state. 'mpl ,;s
cd q kepaolican Legislature NOT 70 90 .hls y
gfcas wrong, polnoeo OUT tno eos' Va
tfepudiation 10 our otate anu natiol' IT,
minded Them that we woaid NOT dlssrace
the cnleiI-ths commercial Stase o. TINS ~
uilon 3, tne nosI popnlar aug wealthy u
an, Wlsnoat bringing saanie npGn our r iana,
ne aup.a, was naae y tu I Laa,
ANY Hen.ur Nv so.9u ~ i"so ~ nss
g up ;me In a. ;nu 1fa.e, Mhe ss,
~ f"vnr ae rimnd;at;nn : rhis ans Laoa :. =
~ las. ~ ,, i th oG 1ase av,
h hss. e'e ~ oUn S Sa1 0I r. ha.
r ,nroSn mSam V ma ~ sho,na Witch M ,,orils
'pU ao. n e"man far tha , nv WY" anJ
cdl toils5 GAuOSHc! catSo !oA cho io", sSnu