Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1868-01-31

our most sacred duty ana WHatever TesPou-
sibilitis II msy iaposs upon "a ths h'gbcst
standard cf national good faiti, viii command
the verdict Of The American people. The eita-
del Of financial houor can not be guarded too
Isacred.y. i should reprebatc ~ the most esl-
amileas Of misSortsnes any legislation On thc
part Of Congress, tending to invAlidate the
plighted, or even ilss fairly iIplisd faith Of
II has beeeme Sl,e conviction Of some that a
part Of the national bonds could be redeemed
in currency. witlOat frasd 70 the holder. The
advosates Of this policy base the righteous
ness Of such redcmrl5on qSn the fact that the
bonds themselvee S6alaia no stipalation Of
payment Of specie. 4 more subtle, insidasus
and. Il the same tins, deadly attsek upoa the
public credit could not have been made. Apart
from the fact tLat gold is The recognized cur
rency Of the world and the standard Of yalne,
land that We can not exempt ourselves from
the cperatius Of this law, here MAS, 10. dis
instance, an implied understanding With both
spartics to the covenant that loans 10 the Gov.
Eernnsss sspuaa b rsia sn spec;s.s Tie e.
Iretary Of the Treasury placed this interpreta-
Ition upon The contract at the time the lam
was being neyotiatcd A1l ths cotsmporane-
lons ssss aAd ca ayiss4 tl pen who framed
the law srs explicit ID Sne assusaacs that 70
other intentioa lurkel IN the purposes Of the
Governseaf. s1he ~soass,s Or rapAjiaG The
public loass n an ifredeemahts paper issue,
VAS cunsieg,y Assised ssser-sAosght
offspring ofsa Ass.re 10 svsde he payment of
pur obligAsicns n accordance viii tAs rules
of couanoa honesty. ~ y
Tho ability ofthe American people 10 pay
lhe utmost sArthiag Of their Indebtedness, the
least sanguins have never qssstissed. At the
present ratio of insrea6s, iS<w sn.y -hva years
bur wealth and populssissSil donbls them-
selves; In the year isoe our valaatioa ssanct
be less than tour hundred and 2fty biilions
Ninss are opening, farms multiplying and
property Increasing upon the inventory faster
tllan in any other nation on the globe. -
In the verY-fees fsLis unssestieasi ability,
tc are me. BY the fact that - eivilissa ns>
don pays 50 Nigh premiums .spaa iis iaaas as
ours. -as #1s*@a a-se*ss''a 4 u ssssssss
Where are We to look for the grosads Of
ehis hum miliation7 1nsrAz perhaps, to Tie
scphistries which have be- 1Np romulgated for
svading the spirit Of our obligations, and IN
part 70 our delay in the resumption Of specie
payments.
Disclaimirg 70 represent the opinions of
others, would urge tic as,heritive aanease-
ncnt Of some definite time when such resump-
don shall take place. Let the time be fixed
With the idea that the earliest possible mo.
nent will best secure . hsalthful condition Of
our fnances. lam forced to the conclusion
that such policy would tend to realize in
dlr circulation the psrfssssarrency, il which
'.otes could be exchanged for coin and would
cemmand equal respect in the msrkets.
Me.avhile the public service shpall he dis
inguishsd Tor the most rigid economy. The
iaercase Of money has dcluded US with the
.cesation Of apparent wealth, and in the train
d this dsausion have followed extrayagance
and lavish expenditure. Let us then refrain
ffom every outlay which actual wealth alsne
"s.ld JUSTLY Economy viii promote the
fssaic credit, better tAaa Ae ripest theory. =,
fapsreoehssent is the evidence Of an honest
psrpsss y meet our oSlfsations s sss = Sc s
Faith IN the iutcnsfss Of Ne Qovessnaent b
Stescrve both form and spirit Of its contracts
isviolate is the only fsundaaon for sur imam
= -
chl prosperity, Beware Of tLc earliest steps
tending v weslsca or impair II.
: The downfAll Of the rebellion did not termi,,
ntte the dsrser arising from tho aesion'cf the
Southern people. Where the appeal to arms
swrs endcds thsAssk sf stassussshiPs sbssaa,'
AID an,exlssssaesS Se TIVE years has demon
stated ~ = isa wosk quite = full Of aiai-
cqlty = fAAt iaA .sesslnel viii sssesss
,pton "a 9eld let us 6lget t1at We haze
merely sssndse y snother sceneiu ths s{yags
-. 49, paaesd fss.s che bsttls Aela sssAs
fofums hat Hb tha sanesas@hst, WAee1 Ten
- sasl4 pdSDoyess and aninated By the SAHaA
~ 4bition. The spirit Of rsOeiiion is stiA sifve
~ strsng istiVaa n ths influence Of its con
trSlling sfsds; stroae h the devotion and
a4nberk NeG4 a1ekt13 lunnS n a. aoeial
Ai3tinseisP ~AisA 1ass Il -tirtA. 3, Ne hcpe
nat 66asaeeeaand AsalsAflls fsAsstisa
v4uld Soon IL svotatiss iAto IeyaIVs
s1 love Tor tho xRp1af Nag has been disap-