The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-12-28
sor,c of the Radical Congressman dc

so,,c of the Radical Congressman de
o,..o that we need not be in hurry to
80 of the national debt; that our chill
d-o, will be much more able to pay it than
wo are. since the wealth of the country
increases so rapidly that in twenty years
the debt will not be more than nan "S
large as it now is as compared with INC
valuc Of the property upon wbich IL Is
sunnoscd to be q mortgage. There are
.overal clements left out of the calcuia-
+;on when made in this way. Whilst we
cannot but admire the firm faith which
ororv northern man has in the stability Of
The national government, as greatly as VIC
admire the devoted loyalty Of the Cana
dams to the Queen Of England, we would
.;midly suggest that it is a good rule never
IN nut off till tomorrow what can he
done to-day. We do not know mat
the United States Government is going
to last twenty years longer, nor that it
will not last for a thousand. But we
do know that governments sometimes
come TO grief, and that Uncle SANS may
happen to be one Of these. Then his bonds
would be worth no more than Confederate
bonds now are. This is certainly at pre-
sent a land of disorder and confusion.
There is no prospect of early improvement
in any of the cotton States, and the
northern States must be dragged down
into the same pit. The political elements
are in turmoil. The next year will bring
upon us a Presidential election, and the
electoral votes Of the several States may
be so cast as that the Radical candidate
shall have a majority, counting in the
negro-ruled States, and the Democratic
candidate majority counting in only the
States which have never seeded. II this
state of things should come about, the
chances will be strongly in favor OF another
"little unpleasantness for it would be a
base surrender Of their rights and OF
the rights Of the real people of the
South for the northern Democrats to
allow Radical President to BIO forced
upon the country by negro votes. If only
the white men of the South were per-
mitted to vote, the southern States would
all cast their electoral votes for the Demo-
cratic candidate. And as the northern
people have themselves decided that ne
groes are not fit to be entrusted with the
elective franchise, it is clear that the De-
mocrats would have strong. case against
the Radicals. Here is one opening at
which trouble may enter, and depreciate
the value Of our bonds. But this is sort
of imaginary trouble. There is one con-
sideration, however, which should have its
proper weight. 1t is that the country
must from time to time get into troubles
which will be constantly increasing the
national debt. 1t would be wise in
Mr.. SHERMAN and his fellow-legislato to
make allowance for war Of greater or
less magnitude once in every ten years.
And as the late war increased the ma
tional debt moro rapidly than any previous
war ever increased the debt of any Co.
vernment, it may be assumed that our
future wars will, while they last, increase
our debt more rapidly than did the re-
cent war. We hold, therefore. that if the
country is not able to commence at once
the payment Of the national debt, it never
will be able and we might safely go far
thcr, and predict that if not paid within
ten years it never will be paid. This talk
of postponing for fifty years the payment
of such debt might be expected from US
of the South, who are not supposed to be
particularly solicitous to see paid debt
which was contracted in whipping us, but
comes with bad grace from men who
worship the stars pangled banner, and who
profess to desire that every dollar of the
war-debt shall be paid.