New-York tribune., 1868-10-21

lars lingering in the minds Of ancient men in these
regions. We shall have right to complain. then, II
Government insists on our accepting payment IN gold
ve years after date, but must submit with the best
grace can. dollar MEANS therefore III English ana
other civilized languages, "a CON-" What is "a com Y
abridged. coi we shall fnd to he ~ piece of metal
bearing legal stamp and made current as money.
Il "metaic or hard money. as gold or silver W
language he not invented TO conceal thought, the United
States Government. when 1t sold these bonds. PROMISED
TO pay the holder IN five or % years 1000 or $40 pieces o,
stamped metal gold silver each of them being eIn
TO four genuine slings and twopence beg paru,"n
for being tedious but is hard to prove an axiom In
stead Of these pieces Of metal 1t appears from te
Ncw-York platform that Government has the rlgnI 10 70
force upon the holder, within five years from date
OF it's obligation promise to pay such coins at an
indefinite period without interest And tins Is pay ment
spectfuly such hnancierng for what right hss any
or any body Of men to place rms great e Uys noo" ts
same level with the immortal Mr. Micawbert "lne m
amount OF obligation" said that great nanccl; os s
memorable OCCASION R23 ~ 9id Of the seco, hio
Gs 2d. These united make t0tni my cac @
ton correct amounting to atl los ta d1 tbont o
acquting myself OF this pecuniary 0bgalon' Woua %
weigh upon my mind to an inspportabe cxtsh a"d mVq
now hold IN my hand document which ac.cmp.hsss
the desired object beg to hand TO my irena d a am
happy to recover my moral dignity do and to nS know
that can more walk erect ber1s my ~ That
remarkable man. not only that this was quite ,e % @,e
Mcawber as paying the money yn Ply bo ssa sa5 %s to
think about it," To behold great, prosperous po%rid
government like the American Union evaug ,.s ober
tons, and exchanging one promise TO pay lo ao
promise TO paw aud expecting thus to recover lts a.
dignity. and to walk erect among other T te mea
cboly HamIet like tho chameleon. promise cra'neu
rriTesSne to those Of US who believe democracy BIT
the party to which we are opposed main'h ~ ~ lw
issuing the bonds they shall be paid In the awin mopey &
OF the United States. leave to the supreme our hp
70 make snyihng but gold and silver legal tender for
any debts. am not CONSTITUTIONS & - ,h't ,r.
but this do know that the only Justification o nt pv
cesding in the forum conscience was necessity anu
that government has no moral ilg' w ,a,led naper
could have to pay its debts IN its own eo P"Pei
THE NExPHDENCY OY RgrUDI.1ioN
Is ON. thing 10 paltcr with the right because OF necf
slty; quite another thing for ior our h"t
90 ta law nt the Instance that smooth faced e.n
tiemnn tickling Commodity mot me way % 20 the
country was Hooded with the failed paper OF more nan "a
thousand banks. aud was held pDsDo pos ers !" 40 or "i
whether the national credit really better oy rraso,
OF currency which described our ponns & as ,hY a. w,pe
above IT, in own markets. ~ times Wnen "V IN ,he
notoriousy selling IN Amsterdam rranktor. d =" emt e
his uch "a certain that II add millions to that cur,
rency now for the sake of paying our BONDS WIN ~,
s,1 ~s ~ ,c civ case viii soon be worth less than 20 cents
on the dollar, shall perpetrate gieaiuv v.
with n peal OF derisve laughter Mt home or ABROAD,
should we wish 10 negotiate another ion on sueh
terms as upright Governments command. IL tns ,e tue
way 10 make our credit goodto force payment 10 depre
ciaied paper ~ OF Is years before tue dDt gue-l
alp
expressly stated that the Interest on the bonds should De
paid IN gold and the Inference Is therefore made that me
gc ryer empoyrd by reasonable beings Practically.
we Know that greenbacks had become legal tender u
was tbought well to assurance doubly sure that
Goveruient would pay interest In con although. as
before observed 1t could pay nothing else. except by
erpress stIpatiOn without nmplng on the dictionary
As the bonds not due for ~ wears from date,
and as nobody Imagined that We Should be walowlng
In An 1ucouyrrible paper currency for quarter %
century, 1t was Thought supcrfnous to say that
the principal would fare a. well as the intere-t;
st. nan ~ ID ma
During darkest period OF the war IL was worth
about IS cents or IN h. prsposeron arson VI .ns cr
then exactly what sat this moment but United states
aay 40 much Of Improvement, there has been since the
since the Iron claw OF beceasi'y was rc-
exists that the United states Government will not make
Itself bankrupt because II thinks t convenient But
should this threatened madness really anict our people
We shall tho paper dollar descend again with fearnl
rapldy tll IL soon ceases 70 eircnat. a, all ani the
bonds when needed money .orcy. Will be left With
piece OF paper IN h. hand whether nompsy iar T OF
thus 20 specie payments by short cut enough;
for there would then s no other currency l~ss'oe;
the national prosperity and the national honor
IIE rREIExrs REPUTATION
believe that there many honest people really i'm
are when they join the thnnders OF applause
which greet the sentiment that the bonds arc Justly to
upon their face Hut surely they know ar are bound Ia
ury every dispenser by authority Of tho bonds every
congrtsinan or committeeman having authority 10
speak for has uniformly all occisions.
ociay and privately declared that thcse bonds
at all. they would, matter OF course. Do
urns round and thru-,s rrdsemabe paper IN the cred
Itors face instead of sIrce tell INT" you can by what
mild expression the transaction bo described Ne
Know how Nc deal with Individuals who obtain money
false pgcenr. feel the most profound RESPECT for
the American people; l hayo entro faith in
their public viriue-tho only possible foundation
of republican governments: and / Know that
they will not bc guilty Of this fraud
psss over quite Irrelevant the prteNt for equalization
and then advanced that tho holders of these bonds
sometiuc. obtained them low prices; that they took
ady antasr of the disr,ss Of Government aud
clamorous for payment from which they viii derive
large prvnt Bonds of our Government or OF any gov
eruuent or corporation. worth exactly what they
will bring IN the markets OF the world III they are de
prc Sr IL because Of general eonn9ence In both And
tho Judge IL the conditions makes the best bargains
Bat am bot aware that government, any more than
an individual. has the right Ia inquire at what prIcc
bona rde holder obtained its paper The honest man
locke his obligations not into the private acosuntbook
his creditor Nor u easy "a ando seriosy to that
other appeal soetues addressed 70 the lower INSTINCTS
OF mankind by those who show their respect for The
American people 10y insulting them Tho phantom OF n
bloated bondholdng aristocracy which u grinding the
bones drinking the blood OF the hard working people
is evoked Now the bondholdtrs be- ever 80 bloated
and ever 80 arstocrAte II Is dhcult TO SEQ how the
people is Ia honor itself by plundcring or de
fraudng them This may be good argument 10 address
Ia BURGLAR but the American people viii never defraud
bondhold.r Of his simply because he u bloatcd
As matter Of fact We know that hundreds of millions
savings institutions corporations Of various kinds the
stockholders and dopositors 10 which are legion, and
especially regards the savings banks throughout tho
land belong to the hardest working and humber classes
OF the community Clerks mechanics. scpstressrs day
lalorers domestic servants, char women washerwoinen
factory grs-these make mp large proportion the
oppressive boated bondholders who feeding fat
our misery and who socmnly warned that there Is TO
be but one currency for them and something other
which facetonsy called the people In Massachusetts
alone depositors In the savings banks
more than = quarter Of the whole population and
half those deposits Is In national securities But w
not pardon u longer dwell on sordd an argument
TAXATION or THE honda
right Of form " which consists Of
ofitsown bonds government II bound by
the same moral law which controls tho individual Tn
fortunately, sometimes, . government. which In tho
a1gre OF all the individuals power