Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1867-08-30
How Not 70 Pay It.

That one who believed the Southern
Rebellion just ana right, and therefore
desired its success, should hate the na-
tiOn's creditors and wish to see the Ma
tiOnal Debt Fepudiated, is as natural as
life. For that Debt represents the de-
feat and ruin of ''The Lost Cause"
Money and Men were alike indispens-
able to It's overthrow. Had every able
bodied male in the loyal States shOul-
dered his musket and followed tho uni
on drum, still the Rebellion could not
have been put down without money.
and great dea! Of it. The fleets that
blOckaded the coast, and bOmbarded
the Rebel f0rtresses were built or bought
with money. Thousands of monster
cannon were cast, and mounted, sup
piled with ammunition F; millions Of
muskets and hundreds of millions cart
ridges were made up-alL costing mon
ey. The naked pay of our armies re
quired hundreds of millions Through
out the War, we were ever borrO wing,
until, by the time it closed, we had roll
ed up Debt of Twenty seven Hundred
and Fifty Millions of Dollars, whereof
we have since paid off Two Hundred
Millions Of principal, leaving Twenty
five Hundred Millions still due.
Now, those who detested the War for
the Union because they wished success
to Secession and Slavery loaned bat
very little of this money and hated
still, and Will cheat them out of their
dues if they ever have the power. And
they have not the wit to conceal their
purpose, but are constantly betraying
their nefarious intent. They do not al
ways call it Reputation, but they mean
just that Witness the following ex-
tract from Vallandigham's late cam
paign speech at MiddIetOwn, Ohio
By calling in these bonds, and paying
them off in greenbaclzs, you save a hundred
N nfnnan
this is just twice as mach as the whole eX-
penses of the Government We're ten or elew-
en- years ago. Why should not that be done?
The proposition OF the Democratic party is
that this public debt shall be paid on in
si1tti1 i DS tlaalu IN Agsstl-tender1 upon winch
the people pay no interest at all, and thus
that we shall escape large portion of the
taxes. am not IN favor Of repudiating one
dollar. 1t must all be paid but I want to
be paid In what you compelled me to take -
To argue with unblushing rascality
is to clothe il with a semblauce of res
pectihiiity; but we will waste a few
words on this villainOus programme {:
Here is a Dauker-we will say in Lon
don or FrankfOrt-who in 1864 was
induced TO invest his capital in our
Government bonds. He bought them
| very low-say at forty cents on the dol
lar, though few or none were bought so
low bhat-but we are willing to meet
tie strongest case that can be made.
That prjce represented the general dis
trust Of our ability to put down the Re-
belliou AID nay the Debt we had incur
red in fighting il. If any one who had
money-TOry or Radical, Republican
or COpperhead-had chosen TO paw 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
1 Confederate bonds, now worth three
cents per pound avoirdupois. We said
! to him, Buy yOur greenbacl1s as cheap
! Gas you can, and we will gladly give
| ''you, for every greeDback dollar, our
/ promise to pay gold dollar by-and-
"by, with six per cent. interest mean
/ 'time." He accepted our offer, and our
! triumph has made his venture a lucky
| one while those who invested in Con-
! fedeTate scrip have lost every penny.
Now what hBs the fact that our Gov
! ernment had to supena Specie Payment
and make gigantic Forced Loan TO do
/ with the Justice Of our creditors claim2
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, III anything,
| exactly what his bond specifies, no less,
no more, To issue Twenty-Five Hun
! dred Millions of green backs, payable
in nothing and never, and tell those to
whom we owe Gold, 'Pake these or
"nOthing Z" when the immensity Ofthe
/ issue will have reduced their value TO
nothing, would be a far meaner rascal
! lty than TO refuse 70 pay one IarCnlnB OF
principal or interest. 1t would be play
ing the snealz-thief when we might as
easily have robbed on the highway.
The National Debt will not be repudi-
| ated, simply because those who have
/ the will cannot achieve the po yer. Let
/ them gain the ascendeney, and the Debt
is mere waste payer, and they will new
/ er incur the foolish expense of issuing
/ Two Billions of fresh GreenbRCks,
merely 10 make q false pretense Of pay
| ing it.-N. y. Tribune.