The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-09-21
The New Party"

nv the "call" IN another column it will be
SEEN that what is reconized hereabouts as the
Campbell wing of the UNLIMITED green
backs" party, or 'workingmen's party rs they
call themselves, we believe, have called con-
vcntjon to meet at Ottawa on the 4th ProN' 10
nominate county ticket in opposition 10 that
RECENTLY put in the field by the radical rePup-
l;cans. ! We understand, also, that what IS
known about here as the Adair wing OF the
same party, propose shortly to hold a conVen-
ton at Mendoza for the same purpose.
Absurd and Utopian as we cannot help re-
aarding the financial schemes of the proposed
new party or parties, there is yet muchin these
political movements that strikes us tavorably.
They sh ow that the people are beginning to
think about something else than the negro
If in their speculations about the finances,
they fortunately stumble on the real secretIof
all our troubles-the disorganized state of the
country, maintained by force to secure the
ascendency of the radical party in the next
presidential electon,-and then, along with
their financial reforms, also insists that the
basis upon which alone any scheme of finance
can securely rest 1.-The perfect restoration OF the
supremacy of the constitution and the laws,
and the abrogation of all unnecessary military
rule in one-half of the country earnestly de-
string to be at peace,-then we shall have large
hopes of good to result from these movements.
There is another important point of which
our financial reformers seem to lose sight.
The greatest vice of redundant paper cur
rency Is extravaganza in expenditure. Their
's.reforms," to be successful, must unite these
opposites, hitherto believed to be irreconcilable:
economy of expenditure with cheap and
abundant currency. Even under the present
sscarcity"ofmo Gin the view Of the new par
ty) the rate of our governmental expenditure is
shameful it is an outrage which ought not to
= be tolerated The income of the Government
from all sources, during the last year, ran up
to the enormous sum of SO,0OO,O00. And
yet, with all this vast income, the public debt
has been decreased but a trifle--a trife COM
pared with What it should have been. What
becomes of this vast income! 1t is squander-
ed, literally squandered. A large sum is re-
quired to sustain an army great deal larger
than the necessities of the country demand
They literally eat out the substance of the
people without rendering any equivalent
Then there is the Freedmen's Bureau and the
Reconstruction enormity, all demanding a
useless standing army. But we do not propose
to parricularize. The appropriations made
by Congress for purposes if not wholly useless,
certainly Tor objects which might be postpen-
ed to more auspicious period, are in the
highest degree extravagant, are unparalleled
in our history, and evince degree of reckless
ness incompatible with ordinary prudence.
The expenditures Of the Government aside
from the interest on the public debt, should be
and can be reduced to less than hundred
millions year; and, under such statemenship
as we had a few years ago, would be so reduc-
ed. This DONE with the present rate of tax
alton and income, we ought to be eytinguish-
ing the Public debt at rapid rate, and thus
cut off, every year, considerable source of
drainage in the shape Of interest Unless this
policy shall be adopted, it is useless to talk
abont paying our debt
depend upon 1t, "more economy" is quite as
muca nreoel as more paper money to cure
our iin.aci,ii ills; and to get more economy
we must have II different "policy" from what
now obtains-in short an entire new of meas
ures, principles and rulers ~.