The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-08-19
THE NATIONAL FISASCEs.
VaIIHndIKhRm's Late Speech The
Proposition 10 Pay the 500 Bonds
e., E=-oa-t,aAu

&
Fran The Rel0 RorE Tribune.
That one who believed the Southern
Rebellion just and right, and therefore
desired its success, should hate The ma
TONS creditors and wish to see the ma
{ tional debt TepudIa'ed, is as natural as
! life. For that debt represents the de-
I feat and ruin of The Lost Cause. !"
/ Money and men were aiike indlspensI-
( BILE 10 It's overthrow. Had every able
\ bodied male in the loyal States Shout
.dsred his musket and followed the
! Union drum, still the Rebellion could
] not have been put down without money,
and a great deal of it. The fleets that
( blockaded the coast, and bombarded
I the Rebel fortresses, were built or
bought with money. Thousands of
Z monster cannon were cast, mounted
and supplied with ammunition; mil :
lions OF muskets and hundreds OF mil
lions of cartridges were made up-all
costing money. The naked pay of our
armies required hundreds Of millions.
Throughout the war. we were ever bor-
rowing, until, by the time It closed, we
had rolled up debt Of twenty-seven
hundred and fifty millions of dollars,
whereof we have paid of TWO hundred
millions of principal, leaving twenty
Ave hundI ed mIllionsIstill due.
Now, those who detested the war Tor
the Union because they wished success
I 70 EoeCtHslOn AOdHEN DNH
very little OF this money, and mated
/ those who did lend it. They hate them
STILL and will cheat them out of their
dues IL they ever have the power. And
/ they have not the wit to conceal their
I purpose, but are constantly betraylng
| their nefariOus intent. They do not
| always call 1t reputation, but they
| mean lust that Witness the following
extract from Vallandigham'sl late cam
paign speech at Middletown, Ohio.
Here follows the extract from VAL
landigham's speech at Middletown,
Ohio, in favor of paying of the 5.2O
bonds in greenbacks, most OF which we
published in the ISTELLIGRECER a few
days ago. After quoting the extract
the Tribune continues It's comments as
follows: .-....--.
To argue with uDblushing rascality is
to cloihe II with a aemblance ollrespect-
ability: but we will waste few words
on this villainous programmes: Here is
a banker-we will say in London or
Frankfort-who in 1861 WAS Induced
| to invest his capital in our Government
bonds. He bought them very low-say
at forty cents on The dollar, though few
or none were bought so low as that-but
We are willing to meet the strongest
case that can be made. That price rep
resented the general distrust of our
ability TO put down the rebellion and
| nay the debt we had incurred in fight
ing Il. II any one who had money
4 Tory or Radical, Republican or Copper
| head-had chosen to pay more, he could
not have got them So cheaply. He took
the risk OF our being able TO repay, Just
as those did who bought Confederate
| bonds. now worth about three cents per
pound avoirdupois. We said 10 him,
buy your greenbacks as cheap as you
can, and we will gladly give you, for
every greenback dollar, our promise to
pay ii gold dollar by-and-by, with six
per cent. interest meantime" DE &C.
copied our offer, and our triumph has
made his venture lucky one; while
those who invested in Confederate
scrip have lost every penny.
Now what has the fact that our Gov
| ernment had to suspend specie payment
and make gigantic forced loan to do
| with the Justice of our creditors claim
| No matter where he lives, or how much
he paid for his bonds, he certainly paid
their market value, or he would not
have them. We owe him, II anything,
exactly what his bond specifies, no less.
no more. To issue twenty-five hun
bred millions of gTeenbacks, payable
In nothing and never, and tell
Take these or notbiugi" when
the immensely of the issue would
be a far meaner rascalIty than to re-
fuse to pay one farthing of principal or
interest. II would be playing the
sneak thief when we might as easily
have robbed on the highway.
The National Debt will not be repu-
dated, simply because those who have
the will cannot achieve the power. Let
them gain the ascendaucy, and the debt
Is mere waste paper, and they Will
never incur the foolish expense of Is
suing two billions OF fresh greenbacks,
merely TO make false preteuse OF pay
ing it. ...........