The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1867-07-12

Hard Tlmes-Relief for Labor
The present depression in the mo
ncy market, caused w tile Govern
n,ent absorbing 80 much Of tie earn
ings Of the people in order 70 carry
ont partisan schemes AID pay the in
terest on the National Debt. bears
with great severity on The lsboring
classes -who in fact pay all thc taxes
and has given rise. even among
some Republican politicians, 70 con
lectures as 10 the best mode 10 afford
relief 10 labor. This has resulted, il
some cases in the adoption Of the
..eight hour law" but which has to-
tally failed az a measure OF relief.
Vice President Wade. who wishes 70
he the next Radical candidate for
President, proposes co operation .soci
cites, and a Redistribution OF property
and then coniesscs he cannot solve
the problem he has set for himsclt--
None OF these measures will have the
desired result. and are used as mere
subterfuges to hide their advocates iiy
pocrisy. To make the weight Of gov
eminent light again. the load nnst
he removed. One great portion OF
this load is the National Debt. aud q
means by which it can be got rid OF is
now attracting considerable attention.
The shortest, safest and best way
for the masses is in our opinion, to
repudiate the whole thing. and we
think il could be. done without any
great dishonor attaching TO the act. rs
the holders Of the bonds accepted
them knowing that they we're issued
in contravention of that sound imam
cial principle which underlies and
should always mark the progress ola
democratic republican form Of gov
eminent, viz: to ''pay as you co. II
the people had have been asked to
have paid in taxes the sums deemed
necessary to be expended in the con
duct Of the late war, AZ fast as those
expenses were incurred, the Union
and would have been preserved intact
peace made at least two years before I
was; therefore at least one-half Of
two-thirds Of the debt is unjust anS
unnecessary. But this view Of the
case is not likely to obtain, as larg'
number Of our bonds are held in for
cign countries where the facts woul'
not be fully understood and appre
ciated. Therefore other means to re
rid Of the incubus bearing upon an
keeping down the masses, are bein
sought, and proposition has bee
made to pay of the bonds as fast q
their terms will admit in legal-tenderi
and thus stop the accumulation Of int
rest, and make the money market e.
sier, SO that the burdens may be be
ter borne. and also that whatevs
profit there may be ip paper en-
rency may accrue to the Cover
ment. This is a good proposition
and below we publish the form Of
petition now being circulated
some parts Of the country, askin
Congress for appropriate Legislation
on this snbject. We advise our cit
zcns to circulate this petition in the
neighborhoods, and get all the sil
natures possible, and then forwa
them to our member Of Congres
Let the money kings, in Congress Al
elsewhere. see that the laboring cla
ees in the West. without respect
party, demand relief. We hope til
will not be made a rarity measur
rs it is for the general good, and v
notice already that some Republica
are in favor Of il. The following I
solution on this subject was adopt
by the Republican convention in O
ange county last week.
9Th. Resolved, That We are in favor
converting the Bonds and interest bssri
debt Of the United E.ates. a. soon a. pr,
ucsble, into non.interest bear ing debt,
redeeming the United States BoDds "
Treasury Notes: thereby making this :,
amount Of money subject 10 the same I,
alton Is other property, saving annual
millions o. dollars Of interest. aad aid
ding the people : circulating medium,
fer and more desirable.
The Democratic State Conventi