New-York tribune., 1868-10-21

-, ,1o r make snrprising reyclaons but the annual
product OF the United States Is now lar greater mn,
,rrcs Of This nation are almost fabulous extent. 1t
viii be much within limits to assume yearly pr1dnct at
or fnacul strength not only encouraging but asioun
ing tho tremendous ratio at %c our coe ~s, non s
& ahe they deal with the American future The mead
swms when the possibilities OF net In un"n te enor
NOUS power and wealth OF this conmtry u 10 o. av I
gnobe purpose OF panderng nat :" we a may take shame
we admit for an instant inability to pny = our noSs,
debts On the most moderate m, n, least every
IN vears I'm the seeade Immediately preceding tue cy
war; the aseertained vnine OF ap Ias per cent,
doubling therefore, in less than eght yra,s yonr bence
moderate estimate the p,nn 1paatono q, nroperty afief
making allowance for the cost and conseqneh@ccs@ @ @ W. o @
war throughout the whole country VIII De t time
The debt even n not reduced dollar before Una. ur'
viii then amount about four Per cent o. te m ,h.
lated capital OF the nation. mat in srsn"al debts
maturing IL and IS years hence they are ssy
to amount wentyhfth part OF his assets asset s ,hs rst
YEAR after Tie war; 1000 according TO ne @ Rn
Ing and admirable address OF His Exce'y t yncrease OF
Production Was "a per cent although the yearly se
population was but trs ,s pyT whole ees country as indus
tr,oa the annual product would "a at I asis @ mo,ns "rd
be oo instead sss OF rbss %o have TAKEN
And there Is good reason why .no vsn Mno' r"nws
should not be as prodnctyo US aSwanarss of
s"n' s" and Climate The surplus Of population
,nm,nd into tIe West and Northwest Can you even
p,Iv ,aone at some future day, when IL shall be safe
M NSrern men and Northern capital to emigrate 10
LOT % , and snth west how vast Will he the wealth
created In those semiropical regions ny that mage c
dnceos that golden threeeayed wand Of free labor,
o"n.i rights and peace which has caused the great
N"rthwcst prosper no community of men ever pros
psled "s alery s y sre passed away to be
snppo. that faret and most prolific regions oi the
will lip "A
cent OF their surface under cultivatonf III thcfe IL
cotton crop M this moment OF three million baestree
sfls of Tie old mn yimum Will you venture predict
amount fifteen years hence. II shonu De iry ope,
labor and the circulation OF capital and OF deasf
To talk Of tie Inability the United States to pay their
debts Ia ~ insult 10 human reason, lndustry,
hopesty and above all, peace-peacc which the great
soldier To whom than 10 any one man We owe our
victory. earnestly invokeswil make the deDt dsap-
pcar almost before we have iino to tund " ana ID ,e
the capitalists OF the world will have 10
set up early II they wish our bonds at q per cent
the war we paid about II per cent. Those were the
times when Confederate stock sold or par ~ kurope anu
some progress since then When the war was and
whole outstanding Liabilities had been ngureu W. ne
total OF the debit on ist August was found to be C2S7
7Ss gap lIt.le Iess than OOo on the ls August.
lt ~ OOG0O During three years, therefore,
we had rsnced the debt Just one quarter say sO00o
IL s almost supeiiuous u sy that am at tins nomsm
following the masterly and luminous address oi n,
Atsscn OF Rrookne for trust tnat t9s s naray
who wishes to know the state OF the naonai hhahees'
OUR DEBT COMPARED WITH THOSE of OTHER NATIONS
Il impossible array statistics In more convincing
shape and Tor believe bis facts and his lnierenes
TO be- quite be yond dispute Those who have studied hs
statements well as the speeches OF SUMNER Boutwen,
Fes~enden and other eminent Repubican on
this vital question: may defend the Republican poiey Ia
financial matters against all assailans In rouh, n.n %
people betweea Apr 1905 aud June 49, 1865 to the sup
port of Goye1nnen ., tss % rnair nsrt has been
spent c,y and the interest on the
the yss4S scbuoss nl during that In those
three and quarter years our ot,nhaIy - q
trrrs paid ~ Mr. Atknon has proved. were less than
syoo.Ooo Of currency say s5.ooo IN goid eaeh year
ike this show reduction. in little more than three
year.. OF onequsrter OF great deDt ahu unutou VI
,he Annual sho U' ,ntct ~ he debt AZ six pr
cent. say ti3o.oO0oo. and You have icss than erooJ
Great Britn with It's debt funded at three per cent, are
t00ON0 those 0f France are, at the very least s4Oo
COO Each power IL spending at this moment about
twice much We sp,nd while the principal OF tue
French debt quite as large a. ours ana hAt Oh the h
o. the French three per cents at 6st while our SIX
per hardly 75 IL not this tho very essence OF
on OF those two great countries the Frencn Empire and
the American Union ! shall not say ~ord OF ihe
scheIrs Of national life Look only financial facts
France has somewhat less numerous population than
ustworhy statlscians compute the yearly prodact Of
the Empire at tscnty mhard: of franssmsay $1,000.
few years ago The total of her debt ID lust equal 70
ours Her yearly buLget Is more than double our own
Eapr over that Of Uncn the interest of her debt is
how dos She -pond these sr3Oco.Oooi The army and
navy take each yearn time of peace-he clad peace
esnaes for the currout year OF The United states Gov
erupeut for army and navy tOsrther are
rsa so%, G or .c.ooSca a. les; than those Of Frame
let not fatigue yonr patience with mere detsl- We
han oar own and the Slme amount OF debt and annual
spends In time OF twice as much AS We
half times as large as our OWN that she has this
en ready respond Ia the first cannon shot I'D Europe
nth more than the whoo number dsbsnded
Ne the armed Rebellion was overthrown. Remember
limit her population s nearly stationary. having
scarcely DOUBLED IN 10 years that her expenses have
ia rapidly auemcnting having doubled in the last Is
wears; and h,n remember that our population doubles
dozen years our acsunuiaea cHpai eN.Iy esh. !sas'
while debt has been decreased IS per cent In the-
luarter yearsaDd then behold France borrowing
mouey With perfect st ~ per cent. while We are talk
ing Reputation, bond taxing and national bankruptcy!
minister OF finance put per cent loan market.
which greedy taken at SIT that he had offers OF
It's maximum, although he asked for lees than soooooo
There IsiS persons who subscribed for more than
capital Of i6ooo,ooo.coo and 81 times much NJ.
Magne asked for Within week Coz 100000 francs IN
Ike ns,opre% their point Of view Witch is not ours
proud OF their mighty armaents and their apparently
humiliation Of national credit lat even conceivable.
II the prudent and mastery financial policy which the
party has been pursuing be persisted In aud
which not fully appreciated ut home, and entirely
unknown elsewhere, that are 10 zee our per cents
hswked about At rs, while other great empires, not
rore WEALTHY, vastly more expensive and much hess
progressive place their funds at 81 and Al interest
HOPES OF THE NATION uspKR GRANT
The Ame rican people had confidence enough IN ee-
selves during the Republican and war Democrat
together bore cheerfuhy asainst the soe
and the death struggle Ne II It were festival
Whence this abect fear, this aectaon Of fear,
this despair destiny when the national future
never 50 radiant nowf Let resolve Ia return 10
specie pay nents which be dopo wen next year
century let get rid OF this iedeemabo paper
currency, which converts all whether hke IL or
not nest Of gamblers: let III the words Of the
Chicago platform, spurn all forms OF repudiaticn.