The home journal. (Winchester, Tenn.) 1858-188?, 1867-03-21
A TALK WITH THE PRESI-
1iY DENT.
Mr.. johnson on the Tendepcy to
ReDudiate our National Debt.
From the New York Citizen.l
WASHINGTON, March G, 1867.

I'll
/
FROM the New ork 1''l"en'l
! ., WASHINGTON Maren D. lsO"
| "And now, apart irom the dlrcctly
political" continued the president
"What is the main issue looming mp N
the immediate future! What issue Is
clearly fOreshadowcd 10 De lhc Aaron
rod which must swallow the mihofques
tions 1t is the great iinanclal issue
the issue OF tue natlohal aeot; whellel
NJ snail DC pald or Icpuulalea Inns
issue has hb:es extending lhto Tue pocK-
et ofevery cltrzen, IofwnereVcr man
mas adoilar. OF can earn uo''"r' the
government Is now co"pelleo W. g,
lor Its portion OF nus substance ana
WIN thcVast machinery uhoer ils CON
trol, the money is lelcnea'
lhere were iour miil'ohs o. saves
IN tne ooutherh STATES peiore tne re-
oeilioh' representing u caplIai o' 'hree
or possibly lonr Dlll,oms OF ooilars pu'
iet us cail IL vlree o'll'ohs' or Vhre'
unousaiiu ,n ln'ilio''s' rs yO" may please
Anese sla.es + preseh.eu ''laV ai'oun
VI pioPclCy' 'lie'i l'u' ',le'I s'slnSS il''l
Puioh"sins VI r"ls ny 'liel,' anu the.
lePio9e'i'cu "s properly WhaIc'el were
tle surplus 'ro.l's " tlielr Moof' "l'cl
que "llow"iice LOT looa' clothllis' mco-
'e''e' anu ''''eres' OH 'hc cap'l"l III
vested u
oh ''lls properly IN slaves grad
ual, gre" UP liaC save ollSarchy Or
',!sLooi"ey' "e'lilsl wren lne leacers
o' inc anu slavery parry 50 successfully
numbered curing Tue WE'VE years pre-,
ceo,nS '''e rcpeiiion' una ai'er .he i'rSo
lhau plunge lhto reoellioii lhe late Oh
Ihat ar'slocracy was seated. III Is now
tllhg OF the past. WIN lts virtucS-
lor IL hau VlrlueS' courage ana hospl-
Cailty emli'chtiy-aha WIN lts crimes Oh
prluc ana reVolutloh, II mas entered IN
TO history, anu Is "A thlng OF the past.
but What 90 we ma Inc arls-
tocracy based on three thousand mil
lions or property IN slaves oouth OF
Mason and DlXons line has disappear
ed; but an arlstocracy, based on over
two thousand live hundred millions OF
national securities, has arisen in the
Northern States; to assume that po-
litical control which the consolidation
OF great financial with political inter
ests formerly gave to the slave oligar-
chy Of the lately rebel States. The ar
istocracy based on negro property dis
appears at the Southern end OF the line,
but only to reappear in an ollgarchy OF
bonds ana national securities III the
o'a'ys w ~hlch s"ppresSeu % 'ue iepG'':oil. !.
we nav q Gu, '',l 'c''u '''eVo'!, "liu =. ~. :.
ilot cel''lll , lna' VI al' al llsloeinc.es' '.a'
ol l'eie "e'.tn 10 'io ,noI. o'''o"9' ~, IL"
P'cious anu 'yrall"'c'i ~ Soes ~, W 'ne
i's' ooi'ai :no loui '"u "e'ple1' 'i', W
So' 'nu N'Vi e.c'i u 'ao' 'il'.'''',o -, a. -
llIs "o1e,i''i'c'i' ''"uer I.s eol''roi .na
''o'i'. ".'' w iot':'ea, ~. ~ 10 an 'li''oo
racy .na' oa'' soo III 'ne peoli' o''y q
prey ior eAtoil,on. ,': ~ has io po''''o',
VI h'''''",, 1, ie,",'o's "''n .ncn' I s"on
'''o "iu 'c'','A' y s,e'.i I'c"'eo o.."ee'
l'esc loiu 'llu ."s?a' ~ Has ~ ,'i'''i''l' I
soc'ai any uo',ies''v :les' "''' Nv 9"I''
s'rohs poho o, 'eil-lh'eres. r, WIN 'h'
peopie us eA,sleu q, Necessity oe'Meel'
.no eA'lnoa s'"'e"Y'.e,' M ~ oi our oou"s''
:'au 'ho.I SAWS, 's'i II, 's.o,i"oS oN
ls'lhS On .''o "n'''''' INTEREST y. Id, n'
''oii'i o'o'' ..:o 'ool,,o a.' u'iy ~ ,' M
ue III ptoPols,o, w. '',ei' ,,i ,uool'''y ,l I'',
lIol n"u' ,udor W p ,,o t"S ra,Iora"'s " ,I,,nL G
oioou @ ''"u'' ''' '"A s"'N'i'i '""'''
SCREW
$40 the people the national debt Is
thing OF debt, to be pad; but to th'
arlstocracy OF pohds ana national sc
curlties, 1t Is a property OF more thaI
two thousand i've hundred millions
from winch areVchue OF one hnnurc'
and eighty millions year Is to be re
celyed into their pockets 30 we nov
ma an arlStocracy Oh the ooutn' pase'
on three thousahd miliiohs Oh aoliar
in negroeE-"ho were q productlV
class-has disappeared ana thelr place
IN polltlcal cohtroi OF the country j
assumed ny an a1stocracy Daseu OF
nearly three thousaho mlii'ohs OF III
tlonal dcDt--a tllnS which Is hot pro
duclng anythihg' pnt which goes OF
steadily every year. ana must go on 10
all time until the oeot Is palo' aosoro
ing ana taNih9a1 inc rale Vi SIX o
s.'s'' re, .1n' na =" ,ha. @ ~ ro,,noa.,. -, W :,
u.ou ~ "vae.a,;om 49, io'' '' ~ .
40 "So .,.; cu; !,
~, IVY" '.n n,t NV 1Ssi"aata spe ,,n t'a.s,, "
Wv a"y :,.t;.h tH, .,'o ' ,.adnoSs 81 nart;sa,
i'auo "n.o,' ,,n W. ,.,;.'I.aa % or. mnn
mStiou "t;ou,I L daht Io or;a,ocrocy tn W ,hoir ow
@ ,,''lo.n ;,ta."sts "s 10 10 fost far.;n, ~, ,nnr th
uuv ,n', m, pnt :, M II not o,n,r 't ,b.t th
'o"H.'y' h'o 10 ~ Ho' VIVA ,"O Vt"