The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1868-06-24

creasing the burdens OF taxation, orincreos
ing tie volume Of the currency beyond wfs /.
the commerce of the country requires. -
This, according to the figures of the nrith-
metlc, which cannot lie nor deceive. In
view of facts like these, will the Chronicle
contend that the debt will nou be decreased
by stopping the interest regular every six
months or every year on a portion OF the
debt by paying it off? And yet that Il
what its arguments amount to If they
amount to anything.
But we have still az other resource TO fail
back on, and that is the revenues of the
country. In this calculation it must be re-
membcred that we have not drawn on the
revenues of the Government, consequently
we have not increased the taxes one cent
In 1866 the revenues of the Government
amounted to $500, 100000 Now let the
Freedmen's Bureau be abolished. Let the
Military Governments be abolished. Let
economy take the place of extravaganza
Let the expenditures of the Government
be reduced say to $3.50, 100000 a year.
waich sum is twice as much as was reduir-
ed during Mr.. Buchanan's administration.
and III IN where do we stand? Why, with
our $50, 100000 of interest saved annually.
and our $4l0,000,G00 of revenues added,
gives us $4600 600 annually with which
to pay off our debt This, in five years.
will amount to So, 800, 600, 600 asumlarger
than the present amount OF our entire in-
terest bearing debt With such facts star
ing it in the face, will the Chronicle have
the hardihood to claim that the payment of
the debt in (greenbacks) the currency Of
the country Is an ''enlgma or connun-
drum, or a "N hat is it?' We think we
have shown him pretty plainly what it is,
and where the money is to come from; and
now it devolves on him to show why and
wherein our project is not feasible. When
the editor has done this, and not until then,
will 1t be smart in him to ridicule the prop
ositon to discharge Government obligations
in the same money and in the same manner
that individual obligations are discharged.
In conclusion, we trust that the Dea,o-
will be more explicit than the Republican
Convention was-that It will lay distinctly.
what the "letter and spirit" of the law au-
lhorizing fbe issue of the 5-o0s. pledged
20 be paid to those who loaned their green
backs to the government for these bonds.
The Democracy will stand bv the contract.
and they have their minds made UP as tn
what the contract calls for 1t is a matter
of vast import, to the present and to fu-
ture generations. IF these bonds can be
paid, in strict compliance with the terms
under which they were issued. in green
backs. the national debt will be at once
placed in a manageable shapc--the press.
ure of taxation can be greatly reduced, and
the country may hope to escape from that
terrible financial system, erected by the
British government upon vast public debt,
making the rich richer and the poor poorer,
aggregating wealth in the hands Of a few.
reducing the toiling millions to practical
bondage"sand hopeless dependence whilst
actually rauperizinc one eighth of the en-
tire population. This is the condition of
things in England, where all this vast opu-
lence has been by ingenious fuanciering
given into the possession of few, whilst
the multitude are made hewers Of wood
and drawers Of water, and crushed under
Indulgence. From these and all
other evils good Lord deliver us"