The New York herald., 1867-03-12


soidaton Of great financial with political Interests
formerly gave the slave oigachy OF the lately rebel
pears at the Southern end Of the line but only to reap
pear oligarchy Of bonds and national securities In
the States which suppressed the rebellion.
We have all read history and Is II certain that OF
all arsocraces that OF mere wealth is the most odious,
rapacious yannca? goes for the last dollar the
poor and helpless have got and with such vast ma
chine this government under its control that dollar
will be fetched II is an aristocracy that can see in
the people only prey for extortion 1t has no
political or military relations with them such as the
old feuda system created between hege lord and
vassal it has no intimate social and domestic tss, and
no such strong bond OF senterest with tho people as
existed Of necessity between tho extinct shareholders Of
country aud their slaves To aristocracy exist.
ing on the annual interest Of national debt the people
only Of value In proportion TO their docility and
power Of patiently bleeding golden blood under the tax
gatherer's thumb screw.
To tie people the national debt is thing OF debt to
be paid but the arstocracy Of bonds and national
securities It property Of moro than two thousand five
hundred millions, from which revenue OF hundred
aud egnty millions year Is to be received into their
pockets. So 1nd that arstocracy at the
South based on three thousand millions OF dollars in
negrocs-who were producing class-has disappeared
and their place in political control Of the country
sumed by arisocacy based on nearly three thousand
millions OF national debt-a thing viii h is not producing
anything, but which gees steadily every year. and
60 for ali time until the debt is paid, absorbing
and taxing the rate OF six per year
every hund,cd dcar bond that is represented in its
aggregation tsl eg.
deprccae the fearfrissue which tho madness partisan
hatred and the blindness Of national debt
oracy to Their true interests Is fast forcing upon
the country But is II not clear that the people, who
have pay hundred and eighty millions Of dollars
a year to this consolidated moneyed oligarchy,
laicr commence asking each other tHow much
Was actually loaned to during the civil
war by these bondhodcis. VINO now claim tha VIC owe
them nearly three thousand millions of dol arsY You
know what the popular answer bel do not say
the right answcr-sLess than half the amount they
claim Tor gold raned on an average at over one hun.
drcd premium whiis this debt beng incurred z
Just think Of this annual inx OF one hundred and
eighty millions for payment OF interest national
machinery, Is pretty hefty business in itself,
costing more per- espi q 70 the peopl, than the
r.aaad q mo e1s on
carh But over and beg ond the expenses OF gov
proper as should stand in the scao OF peace
a, about sixty millions year-we have In the one hum
drcd and eighty millions OF interest paid yearly
national debt, enough to support three such govern
bursemens. We havo not only under the present sys
TEN, government for the people to support but
and beyond this We haze 70 raise by taxation
peope sufficient 10 support three similar establishments
All All property is based upon, and can only be sus
has been conlerding Bur sighted is this aris
the national deb,-that my efforts IN bshaf OF their true
interests (which are certainly involved in the mainte
OF law and the constiiniion have been every
where encountered, and almost every where over.
whcimed BY the preponderatne influence which they
have acquired from The natural force Of capital and the
And what has been the course Of that Congress which
has Just ended, and which this blind arstocracy Of
national debt sustsincd In overriding my efforts for
sound principles OF internal government Look
the bill giving from four hundred and eighty 70 six
hundred Millions Of dolsrA nomD.y fSs essk bounty
really - all INTEL gent men must be aware 70 be par
celed out "a prey among the bounty sharks and claim
Of the dominant majority in Congress- Then lok
., appropriations amounting TO another hundred millions
len 10 the laws governing private industry and tie pro-
grese OF cur national Development Look at the in
cease Of AL salaries ~ith prodSa haud this vriuous
Congress rst setting example against rctrenchmrnt
by voting 70 themselves IN increase OF searcs Every.
where and in an ever.ircreasng ratio the motto seems
70 90 always spend and never SPAR" fresh issue
from the paper mill yonder (slighly pointing hs
pencil 10 the Treasury Department. being The panacea
prescribed for every evil of our present sunsron 4
Every effort 10 increass our annual taxation is re-
sisted for increased iaxes might heipto awaken the
Of ea no s
to the national debt can be pr0p0sed-nO further nia
uou OF our nnasd currency-whch the prspondsrating
Tho of finance IL the ncxs have to Agh and
every blow sruk against my Efforts TO uphold strict
blow In favor OF repudiating the national debt The
manufa urers and Of capital III the En- tern State
or fringe on he Dr. sd mantle Of our Country Il you w
examine tho mapshcse are in favor Of hi d prec Ive
and in act prohbitory tariffs; and also favor
tion OF the currency But against both the
a ''s q r West sna ssoosSy nSn
arrycd; and glance - the map and ths census
who is open 70 copyictiop how tnat war must end
The history Of the world E gvss E no example Of war
ticnal country, and prsa.qs IN exceptional oasa Our
dobt might easily be pAid provided the brakes against
enough, bus now h ne appointed .ims and now or
never tho work must BE- commenced. II that debt 4
poSe rsda.on MT an increase O. ss
res 70 Con2ressnen and osher ocias the systematic
REDUCTION our ,,, nssons. debt. and no. M increase by
the pretended eqneiizauon Of bounte. The Congress
forsooth, patriotic loyal that Il can re use our
promptly ss.sssd NE names q nearly svery saIs"t
veteran ssnt In BY for confirmation to any civil
Sss s. S vi Without S a.ss sss:y
And ShMa:r !. :. mi. drafsIer 10 !n..us.p. men
rcpudation and the moneyed arsocacy OF the national
dsbtshs very mon whose interests arc most leopard
accesrats not check our course 10 this downward dec
tion. We need the industry and enormous possible
Uur Suds q us -
We need internal harmony; and above all, we nosd
return the unQuesoned supremacy Of The civi laws
repud,ated within the next half score Of ysar.
Financial prosperity was secured up TO within recent
house of cards a. bcsberins 70 tot or nnder tSs cc
cusscn Of tho various revolutionary ideas which have
been recently exploited on tho noor: Of Congress- Who
now talks OF the constitution with rcspocts Who n
not Low made laughing stock in the papers and
speeches OF the violent revolutionary party
no snal oe 20 nh5dy a. W claim that, being
again - peace, the sway OF civil over military laW
should be Immediately resumed II wa desire TO maintain
our liberties' The Consultation Is played out we lxear
on every hand and every effort 10 advocate tina iust
ascendoncy Of the civil law only furnishes fsh fsod for
ridicue.
Nc party as yet-and possibly NO PARTY for some
Bus majority Of those who shaped ,he LEGISLATION Of
THIS last Congress mast know-v ness they deceive
themselves or are too ignorant 10 apnrecIsc their own
actsthat we drifting In tie asci,or ana thsA n q
d Uy ss - see Te navs oeen sung into the down.
~ ass, ~ o.. sv ne OF them would either
s,n,ss. ,, ~, "U,ine u to-day branded as Repuda-
o. az ~ Wv infancy Of the Free Soil agsa-
n on, va consaeeed bitter sandcr II Che Frecsoler
evosssh,r, ny svs" Aboiuonsl There are steps IN
worr "a s.a,ps. term OF reproach to-day, will be
sss iha iras c. in the cap some years from now un.
awe etanaS nservative wisdom Of the country can ue
thst sar ~, a rapidly-from its asphyxiasng dream
xrd go aOnal Debt is National Blessing II
% na at the effect of the Reconstruction bill Just
sfvecs yer my unavapng vetoi ] mean hs peculiar
ss - step In the direction OF reputation, and not