Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-11-21

0pianer nad ahe National Debt.
Among the nov things upon the nation
al debt question Is a letter from Hon r. L.
Spinner, Of the U. 5. Treasury, to Hon. +.
q. Spaulding, Of Buffalo. in which he al
luies in no hcneyed terms to Butler and
Stevens, heretofore the brilliant lights Of
RaaicAi!sm. Mr. Spinner says.
Your note of the 2G,h instant has been
reccivei. II some WHO believe in high
toned swindling will write in favor Of open
reputation. | will agree 10 give the subject
the consideration Of . careful reading but
] have not the patience 10 read anything
advocating the snsaking sxpediens Of pay
ing the national debt In deprecated carrsn-
~. The Secretary Of the Treasury -
sound on this subject. and in his iorthcom-
iue annual report will address m argumsns
10 Congress and the country, that, ! an
sure, will please you, and those who are
neither fools or knaves.
"rhc finance question 10 10 become the
leading one in the reorganization Of parties,
and had hoped that such men - Butler
and Stevens would have remained with the
grca, body OF their friends. Having an
abiding faith in the honesty Of the people,
! he,seve the question will be settled hon
.s,ly. and that honest Americans will be
spared the shame Of having their nation
stignalized % q land Of cheats and swin-
dlers'
Neither Mr.. Spinner nor those who agree
with him, need trouble themselves in
the least degree about the honesty Of the
American people. They ever have and
ever will meet their just obligations. The
people have promised TO pay the public
debt and that pledge will be redeemed.
The most important feature Of the above
extract, however, is tho suggestion that the
finance question will become the leading
one in the reorg .pization Of parties" This
IL an open admission from a high source
that The republican party is TO 10 recon
sirac,ed, aud that such "fools or kaves' as
Batter and Stevens, will be left out in the
cold. II, in the reconstruction Of that par
~. oil those are dropped off who believe
that debts cen be paid with the legal money
Of the land. then its reconstruction will bs
labor lost--it will be too insignificant.
Mr.. Spinner terms the paying Of tbs
National debt in "depreciased currency" 4
"sncaking expedient," and is fearful that
should our debt be paid in legal tender &C
cordins 30 law. We shall DO stigma,iz.d .,
cheats aud s~indlcrs. Is it not fact thai
since grecnbacks we're declared 10 be th,
lawful money BY CoDgrcs., that many o.
the States have paid the interest upon their
bonds 10 "dcprcciAtsd currency Certain
~, aud come have even paid the principa
with the Same stuff. This kind Of swind
ling has been gong on for years gold oh
legations without number have been pait
IN deprecated CURRENCY aud never befor,
has there been a word Of dissent mot TO-
once has Mr.. Spinner lifted up his vote
ssAinst SO glAring IA ssindlc. ], being on
of tho tenels of tho Republican party I,
regulate State affairs 10y Congressional en-
sctment. then why have these Radicals per
mt ed such swindless
Tacre Is no use heating. about the busi,
the people will never DO made to see tia
one debs il batter than auo.her-that GOV
srnmcut bond should be paid in something
better than u State bond, or that ei he
should DO paid in any better money tbs,
should bo paid for a load II wheat ori
stocer's bill This man who holds Ma
toud tond il entitled 70 DO paid in tn
lawful iaoney OF the reain--nothing else
aud that party is now forming, rapid,
'nassinr, that will pay him in nothing els,
No Spiuners or Cookies can proven. that.
DEsocRArfc CAiss TINS YsAa.-Sum