The Daily empire. (Dayton, Ohio) 1865-1867, 1867-03-18

AnlIlN OIL a MNI NNUA AlANN HAS NNfI NifAA
paid but we have an exceptional country,
and prcsc MT an exceptional case, Our debt
might east ly be paid, provided the breaks
against G xccssiYe expenditures could be
turned on quickly cnough-but now Is the
.a%ppOinted time, and now or never the work
must be co mmcnCed. .lfthat debt Is ever
to he paid We need economy i'm every branch
of the public service-the reduction, not
an Increase OF salaries TO Congressman and
other officials; the systematic reduction OF
lOur national debt and not les increase by
such monstrOus bills as this last %demagogue
measure for the pretended Equalization
of BOunties. The Congress, iOrsooth, Is so
patriotic, so loyal, that IL can refuse our
gallant soldiers nothing;' but you must
have seen how promptly IL rejected the
names of nearly every gallant veteran sent
in by me for confirmation to any civil Office
"a majority of our extremely loyal Sena-
tors using their guillotine without rcmorse
in nearly every instance.
"And whittier Is all this drifting? To in
telligent men there can be but one an
swer: we are drifting to reputation aud
the mOneyed aristocracy of the national
Idcbt-the very men whose interests are
most ieopardized-are so blind that they are
practically helping TO accelerate, not check
our course in this downward direction.
We need the industry and enormous pos
Isible products of the lately rcvolted States
to help rs In bearing our heavy burden.
! We need confidence and calm-we need in
ternal harmony and above all, we need q
return Of the unquestioned supremacy of
the civil laws and constitutional restraints,
lifOur debt is not to be ~repudiated within
the next half score ofyears.
'Financial prosperity was secured up to
within a recent period; but already the
delicate fabric ofpublic credit--a house of
cards at b~est-begins TO tottcr under the
conclusion O. the various revolutionary
ideas which have been recently exploited
on the floors of Congress. WhO now talks
of the Constitution with respect? Who is
not made a laughing stock in the papers
and speeches of the violent revolutionary
party, if he shall be so hardy as to claim
that, being again at peace, the sway of civil
over military law should be Immediately
resumed, II we desire TO maintain Il lib
ertiesg The Constitution is played out
we hear on every hand and every effort to
advocate the just ~ascendanCy of the civil
law only furnishes fresh food for ridicule.
mo party as vet, possibly no party for
some years, will openly hoist the banner Of
reputation. But Il majority of those who
shaped the legislation of this last Congress
must know, unless they deceive themselves
or are too ignorant to appreciate their own
acts. that we are drifting in that direction,
and that it is by their votes we have been
swung out into the downward stream.
Doubtless some Of them would either be,
or affect to feel, Mortified il to-day branded
as repudiationists just as in the infancy of
the free soil agitation it was considered q
bitter SANDER ii the 'EreesOiler' should be
STYLED an 'Abolitionist.' There are steps
in everything, and the term OF reproach to-
day will be worn as = feather in the cap
some years from now, unless the true Con-
sentative wisdom of the country can be
awakened, and rapidly, from its a~sphyXia-
ting dream that our national debt is a ma
tional blessing
And look at the effect ofthe Reconstruc-
ton bill Just passed over my unavailing
veto! I mean its peculiar effect a,a step
in the direction of Reputation, and not
its general effect as a high-handed meas
ure of Congressional usnrpation, striking
out of existence so many States and eStab-
Fishing a military deSpOtism over more
than one-third of Il geographical Union.
This bill suddenly adds our millions of ig-
norant and penniless negroes to the voting
force of the countTy-ln accession of just
30 much strength to the party whose in
%terest it is and must increasingly become
to favor reputation as a policy. To Sc
cure the public creditor our effort should
be--if that were possible--to restrict rather
than to extend the right of suffrage; for
money rapidly aggregates in a few hands;
and whenever the men who have an inter-
est in seeing that our national debt is paid
shall have become out of all proportion
few compared with those who have an in
tereSt in its reputation, the votes of the
many will carry it; and the debt Of three
thousand millions Will be struck out Of eX-
istepce by ballots just as rapidly and utterly
as the similar amount invested in Southern
negroes has been abolished during the re-
cent war under showers of bullets. At
least, this is possible.
That we are to have q great financial
crash this year, | hold to be inevitable
though deprecating it, and having used
every effort for its avoidance. To say that
it can be STAYED off by any legislation, if
the violated laws of trade and public econ
omy call for it, is to assert that water can
be made to run uphill, or shall cease to
seek its W level under the cOmpulsion of
IA Congressional enactment. Perhaps for
so viOlenta disease, this violent cure be the
only remedy. 1t is like a man sustaining
his strength on brandy sOlong as he can
increase the dose daily, he may get along
in high good humor-iust as we have been
prospering on an irredeemable paper eur
rencv and fresh issues of public securities.
But soone or later, the day will come
in which brandy no longer can stimulate;
nor can irredeemable promises to pay pass
current, as a circulating medium forever,
To the man will come a severe fit of sick
ness, teaching him that the laws oftemper-
ance can only be violated under fearful
penalties; and to the nation will come a
financial crash, teaching it that paper is
only q representative of value, not value
itself; and that the only true securities for
our public credit must be looked for in a
system Of rigidly eXacted obedience to all
constitutional restraints. and n thorough
system Of economy in all branches of the
public service"
Where Radical Policy will land Us.
The Newark Journal says of the Radi-
Gals in New Jersey, as we say Of Ohio. that
although they denied It last Fall, and al
though in most ofthe other Northern States
they are opposed to it, the Republicans are
in favor ofnegro suffrage, which means not
nearly voting at the polls, but having
negroes upon j%uries, acting as magistrates.
and becoming members of the Legislature,
70 say nothing Of the social degradation
which must naturally follow from this po-
litical elevation Of the inferior and meuial
race. This Is the ayowed platform Of the
Republicans Of New Jersey. Is it possible.
with such a disgusting declaration upon
theirlips, that they can again obtain the sup
port of the majority ofthe white men Of the