The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-09-07
girlrmond 1ispatrh.
:, 1861
The Public Debt and Taxes.

4 -
Tho signs Of party movements and pub
lie sentiment at the North plainly indicate
a determination to diminish the public
burthens by diminishing the annual inte-
rest on the public debt. General BUTLER,
one of the most cunning and far-see'ng OF
politicians, has joined the party in favor
Of redeeming the Federal interest bearing
bonds In greenbacks. The movement was
originated by the Democrats, but 1t mas
been concurred in by so many Leading
Radicals, aud evidently by so large por-
ton of the rank and file Of the Republican
party, that if that party attempts to make
fight against it, q Democratic victory is
inevitable. Even BUTLER will, in that
event. again become Democrat; and h,
has ingenuity and assurance enough tt
become doorkecper, and say who shall
come in and who shall not.
In the Northwest no prominent Rcpuo'
lican has fatty opposed the calling in O
the Federal bonds as fast as it is within
the power Of the Government to- DO so, bS
cocrcing their redemption in grcenoack
under forfeiture Of all interest after Ger
tain date. We forget there is one Repub'
l;can. the editor of the Cincinnati Gazettc
who attempts to stand in the way OF thf
tide of public opinion. He has become
candidate for Congress in Thoroughly
Republican district in that city, but IS VI
porously opposed by q Republican, Gene
raj CAREY, whose motto is, "Pay the deN'
in greenbacks." And CAREY will triumph
We shall see the impaticncc OF the pco-
Mo under the burthcns imposed upon them
by the grinding and exhausting ihtefha'
revenue tax manfcsting itself with great
mower in the next Congress. Even Mr..
Senator WILSON has indicated his intcn-
tion to favor the repeal OF the cotton tax.
His constituents are hurt in their milling
and spinning by the paralyzing effects OF
that tax upon the cotton culture IN the
South and its injustice is made manifest
whereas, had they not .feh tie oppre$s'o"'
the tax might continue till "crack OF
doom" for them. But however It comes,
il matters little now to us, so It comes.
Providence works out the solution Of dill
cult problems in inscrutible ways.
Fortunately for the South, though she
is still out Of the Union, and has no voice
in making the laws and imposing the taxes
to which she must submit, the North
cannot escape the oppressive and grinding
impositions which grow ont of the present
financial system and the waStelul expen-
diture and corruptions Of Congress. The
people of the North will not submit to
them. There must be reform, and when
il comes, the relief that it affords must be
shared by the South, as she now shares ID
the burthcns which occasion such loud and
deep complaint. These burdens must be
lightened here as well as at the North,
and the ease that comes from a reduction
of interest on the public debt, the rcduc-
ton of taxes, and an increase Of the Fedc-
raj currency, will soon show itself by the
increase of confidence and q more active
industry and enterprise.
Let US all be hopeful. Society cannot
remain long on It's head with It's heels up
ward. That unnatural and unsustainable
posture can last but short time. y ma.
toms energies and wisdom, and a nations
substantial intercsts-especially such na-
ton as our's-must triumph over the iolics
and vices and misrulc of miserable politi-
clans