Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-01-25
TERMS oFADvERTTsINe,

tbc tonshiutloh OF tue otnte, Whicn pro-
hibits negroes and mulattoes from coming
into the State, and from making contracts
and acquiring s;ile TO property. was de-
clared null aud void as being sn infringe
ment Of the Constitution of the United
States. In this decision IL is held that
negroes born in the United States sre citi-
zens Of the United States and of the State
in which they live, and that the xITIth
Article Of our Constitution was therefore
in violation Of that provision Of the Con-
stitution of the United States which de-
clares that "the citizens Of each State kfe
entitled to the privileges and immunities
Of the citizens Of The several States. -
i he law made In execution CT the XIIlth
Article is, Of course, nullity, bat res
pectfully rerommend that as an act Of
public deceneyit be formally repealed aud
wiped out
NATIONAL DEBT AND THE CURRENCY.
It would be very Scattering 20 our ma
tionsl pride, and would excite The seton
ishment and admiration Of Europe. II we
were TO pay eff our nstiopal debt within
ffteen or eighteen years but there are
some things more important 10 us than
hattering our vanity or astonishing the
people OF the Old World. - f'a
While am not in favor Of perpefusiing
the national debt, aud do not regard il as
q blessing. | am opposed 10 pressing our
people to its sudden payment, just to show
what we can do. 'e,>.e 81,
If This generation. after hsviog pot
down the rebellion, shaIl sccomplish the
work of restoration. IL will have done we'll,
and may very properly leave OF least
part OF the national debt TO be paid by the
next. i..tsf irts = D.
AS the misconduct Of The people If the
South caused this debt 10 be contracted. 4
am decidedly in favor Of requiring them
aud their cbildrento pay their proportion
of IL, which in their present destitute and
impoverished condition they cannot do
At this time they have very little property
besides lsnds, and scarce anything TO pay
taxes on or pay taxes with, aud such their
situation must be for years. and until res
toration has been completed. aud emiera-
ton. capital, industry, conn cree and seri-
culture shall have brought to them wealth
and prosperity. Whatever part of THE
debt is paid in the next FIVE or eight years,
must, from the condition Of things, be
collected from the people Of the North.
and must to that extent relieve the people
Of the South from burden which ought
in justice to fall chiefly upon them.
am therefore in favor Of reducing tnx.
alton to a standard which will be sufficient
to defray tho ordinary expenses of the
Government, aud maintain perfectly tbs
credit Of the nation, by paying punctually
the interess on the debt, leaving the pay.
ment Of the principal to times If more
general prosperity, when our commerce
upon the seas shall have resumed its sway,
and largely increased population has
greatly developed the agricultural aud
mineral resources Of the country, and pro.
duccd sn aggregate Of wealth conipsred
with which the national debt will be but
trifing per cent.
While il is desirable TO return TO specie
payment at as early period a. is consist.
ent with maintaining the business pros.
perity of the country. il is not result so
important that we should hazard general
disaster and bankruptcy.
AT this time the financial condition of
the country is depressed, trade is anguish
ing, and Widespread fear Of psnic and
disaster prevails among the people. The
continued reduction. ,.f the currency, fol-
lowed by n corresponding reduction in oil
values, to that extent diminishcs tho Gu
paciiy Of the people to pay their indebted
ness contracted at a lime when the cur
rency was much more inflated than st
present and gold at much higher pre-
MUM.
II last year pork was twelve dollars a
hundred aud this yc>ir il is Fix, il is mani
fest that the capacity OF the farmer 10 pay
is diminished just cue half, while the vol.
ume of the principal aud inierest of the
public debt, and Of bis own private in.
dcbiedness has not diminphed. but re-
mains the same. Cast iron theories Of g.
nance which 10 not yield 10 the eirepm.
stances Of the times, are very opt to be
broken by crash, and il is ibe part vf
wisdom to make the theory, however wise
in general, submit to the temporary con-
dtion Of the people. J he unsettled and
impoverished condition Of the people Of
The South. he Cure Of the eclion ercr.
the successive failure Of Two wheat srnIs
in the Noilh, render the situation Of tie
country quite peculiar aud criiicsl and
make il unsafe, Ia nay opinion, 10 push ihe
further reduclloh cf tho curroney al this
time.
Should the General Assembly cChear In
these views, it would DO entirely proper
to present them 10 their enators AID Rep
reseniatives in Congress.
RECONSTRUCTION AND coSsTirufibsAL
AMENDMENT.
The people of the North have hot been
animated by spirit Of resentment and re-
,enge in their dealings with the South
since the conclusion OF tie rebellion. On
The contrary, they have earnestly hoped
that the people OF the South would kindly
aud sincerely accept the situation, and CO.
operate with them In tie settlement Of our
national difficulties upou permanent bs-
els aud had tie S,ufhern people ncs
them in this spirit. adjusted their eessti-
tutions aud laws 10 the uew order uf things,
rendered justice aud given equal proi,e-
ton to all iEeir citizens, eonhscation, dis-
franehisement aud punishment would
scarcely lave been demanded. When,
upon the surrender Of Lees army, Ger.
Grant gave absolution 10 the Confederate
officers and soldiers, upcn the sole eondi-
ton Of DO: seain beating arms against tho
Republic, the ustiru scquicscsd in b,-
rnndnSf nlnl oaf uifl,nnt . ,,,.,,.... -