The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-08-16

l CleS OF Tree INSTITUTIONS.
CLAcErr opposes the Funding Bill, Of
course. He opposes, and will oppose, every
plan looking to the payment Of tho National
Debt.
He says the interest for forty years upon
the Bonds provided for will amount, in the
aggregate, to large sum Of money. No
doubt Of it. But what does Clagett propose
to do aboutit?
The debt cannot at present be paid. 1t
cannot be paid within any reasonably short
period Of time, without such enormous and
oppressive taxation as Clagett will not dare
to advocate.
1 The truth is, there is but one way in which
the debt can be SO disposed of as to stop in :
fterest, and this is by issuing, within the next
three years, from eighteen hundred millions
to two thousand millions Of greenbacks, and
compel the bondhoders to take them.
| There are not greezbacks enough in exist
ence to pay one dollar in FIVE Of our debt
Is Clagett in favor Of flooding the country
with greenbacks to pay this debt? Will be
dare to advocate this plan2
| He said, short time ago, when We drove
| him to the wall on this subject, that neither
Pendleton or the Democratic party proposed
to initiate the currency to the extent Of ain
gle dollar
| The Democratic platform does not pro-
pose either to abolish the National Banks or
isaua mora oreephocks
| IL is clear to any sensible man that the
Rebel Democracy have no plan for the pay
ment Of the National Debt. If they do not
mean reputation, or the issuing of . vast adj
/ ditiona quantity of greenbacks, which
amounts to the same thing, they mean to let
the debt run. II comes to this, then; Shall
we let it run at per cent, or try to reduce
1t to per cent? Shall We try to save S40,-
900, 900 per year, in the way OF interest, or
| not?
/ Clagett is also very much opposed to the
Government collecting $135, 900 as du-
ties upon foreign goods.
The fact that we have been reali zing an av.
erage of Sl75,000, 900 year from this source
is fact that does not set well on his stom-
sch. Loyal people, however, the country
over, are not disposed to abandon this source
Of revenue.
] Cagett opposes everything that is pro-
Iposed. and advocates nothing that is honest
or practicable.
| SoaE Of the Copperhead papers give list
OF a half dozen Union Generals who sup
port Seymour and Blair, and boast OF the
fact 1t is very wonderful, we admit, that
even half dozen who fought for the flag
Of the country can now be found supporting
Seymour. But history reveals similar cases
in the past. Benedict Arnold fought bravely
for the cause Of Liberty and independence
for some years, and then sold out and be-
trayed bis trust. And Judas Iscariatr~A fter
com anioning with Jesus and the Disciples
for three years more. at last sold him to
his enemies.
The Bread and Butter argument has
! always been very potent one, and we should
not be surprised that it still works mischief
when we remember that the love Of money
J is the root of all evil.
If the CopperheAd papers will TURF thei,
attention to the other Army, they will find nc
trouble in filing their columns with The
names OF Generals who support Seymour
and Blair. Gen. Hampton, Gen. Forrest
Gen Preston, and such like, were the very
leaders in the Democratic National Conven
ton who moulded their platform and die
tated their policy and their candidates, ard
the rank and file of their army will be found
under their lead I'M support OF Seymour.
ode MOOR A TIA Il e = p worm por.,n-c