New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-28
WESTERN RINANcIERs

WESTERN FINANCIERS
Gen. james w. Singleton, an eminent EPestce
Democrat" of Illinois, is out with q letter 70
the Hon. Sidney Breese, wherein ho proposes
a mode of paying off the National Debt which
he considers infinitely superior to Pendletons.
Here is tho gist of his project given in his
own words:
There no safety Cor the people until they have Ri as
In fact the power that directs tho monsrOus eja
ton OF Congress- and the question most important For tina
people to decide Is when and how shall b. paid Among
candid OF all parties such question admits OF uttIs
discussion for there but way in which n can or
and nc pr as they s ss door ZOE
the oOdgates OF corruption, and LET tho present. systo
economical Administration OF the Government Irnmeii,
atey and "a fast a. either principal interest,"
backs vs.
This is certainly a step in advance OF PendIe-
ton, whose latest version Of his scheme con-
templates an issue Of only Three Hundred Nil
lions more of Greenbacks, and the payment OF
the Debt, after fashion. by means Of tbs
Seven Hundred Millions that will then be in OK
istence But The Repndiat0r-a new organ OF
Rebel Democracy just started at st. Louis-de.
rides Singleton's as we'll as Pendleton's dodgs
"a sheep faced, chicken-liyered, and glaringiy
inconsistent with the premises on which alone
can either be justified. Says The RepudidtOr:
But while Mr. Pendleton and Singleton have takoa
step In the right direction they both stop short OF us
the sOcaed debt in greenbacks which are below part
We have already said because they feel an inward con
he ,-ceiSa ds5t Is y t1Ssd B V9Ss and whypsy
Hamey TsSEs eS &
fGs ES ta Saa II sSs pr d SFSps oa ss
H iDlpostrc he wisshgpcH monster Of spTpotton:
al Let N AZ a
fearless 1t y clear that al those who propose 70 pay
proposition upon tho inward consciousness that 10
represents grievous wrong and that 10 has no
ceded should re NOT sEow o,rseIrss base coards ava
trucking sgeoPea,ts 70 Pog u a eai Shall we com.
apOogists Of oppression and fraud; by rewar1lng de
si S a a With 81 NE
OF men who know their rights and knowing dare main
have had your day OF revelng in which you roted on
the sPoils Of Plunder. oppression ana wroLg YOU 1s
posulatiOn, and we're deaf TO entreaty; you secuted
wisdom and spurned admonton; oulaughed at calamity
triumph past It & the OF the people whose
Constitution you outraged whose liberties yoa rampe3
your wrongs and will never ratfy the frauds which 700
have hSsped Upon US ana Our tbr - n
It's worthy Of note however Tat both Gen; singS
eie 0frepuda0n and to Just the extent that they d,
every fearless and Upright J.t o the sri aoi
do both tnelud. ne principle Of rep,diat0n
and at T g R SaS So sS f. 5 5
10 per cent This is cOumendable far t gOes BUs
Sy are 70 n sS Sds ny y he interest By
substituting ~ for per centum Senator Sherman pro
! for per contur1 Thsd stevens and Ben Butler
propose 70 liquidste the so-eaed debt in srooD-
favors reputation. We iefats o,rss,sss ara eonanl
saes s se o % s' Is eoncaye pTSof Of The
progress and inherent strength OF Just and necessary
fSSr than S any re o
lutte reputation, aud hence nearer approSnstiop g
debt including both principal and interest shall be psd
OF a. il falls duo ia and tass ne H0Sssr
rect reputation this 49, perhaps the preferable plan ~
9, Teyfaas ree AND sSo for Il 70
quires elaborate reasoning 70 prove that 6t ne tms
ereata,to. 1sr Se. you'd si;E o TSsiai ss aSs
e1g az Of s Zee en eS letter ZEE S CONVINCE S
reader that he contemplates Just such result Whss
then be free Of debt and taxatoa. the o,s viii fan upon
the bondhSders a1a pe9Rs @ ana ,a lot ssa one s6
debti Far from e. The evidence Of Indebtedness would
still exist changed only 10 form from bonds 70 green
Sreenback currency which people have taken In good
faith e worthless o SsS 5 res; 90 ts Ssoa y o..
seen that the Generals plan only an indirect Of
T Ts aus c Il s s he
to sul the faith Of the Government with the talnt OF 10
u the Government 70 repuiiatS fraad Would i noe
rather suy its character and arnh b honor 20 become
patron Of thieves Of punderers OF peculators.O
tyrants. aud usurpersl
The RepudiatOy, it is clear, has the arguments
all on its side. The People Of the United States
either owe the National Debt, or they do not.
Ii they owe it. let them pay it like honest men
if they do not owe tiff the "so-called Debt"
is a fraud and an impostion-let them so do
clare aud treat it, The pretense Of paying of
a Debt which unquestionably calls for gold
interest, by giving in exchange for it dis
honored promise to pay, drawing no interest
irredeemable at any specified time Is just THAI
combination of villainy with cOwardiee which
The Repud.ator declares it, And every ens
who favors Che Greenback dodge is playing
into the hands Of the straight out repudiators
and Of them alone. The Debt will either bs
paid or repudiated-there will DO no half
way work about it.
Tonight meeting ia to be held az thi
Coonar Tnstituta Of fhOca OHIO ora Onnoaad IN