Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-07-30

Much has been said by our political or
ponents upon the subject OF paying the
bonds Of the United States in current
funds" or greenbaeks, and, indeed, such
is the declaration Of the Democratic party
according TO the resolution, adopted at It's
recent national convention
Now, the principle which they advocate
in reference 10 these securities, is, should
it be followed out, disastrous one, But
We are further from such a necessity than
our opponents are willing 10 tonccdc' and
their bluster and bragg,doeio concerning
"poor mans rights" i, simply an election
cering dodge Indeed, We are charitabl,
enough to believe that honest and candid
Democrats do not, in any event, hope fol
or favor the pursuance OF such a oourN'
in reference 10 our national securities, IL
is not the rank and file Of the party which
wants our national credit destroyed, hut
the leaders, Of the Poud!Jtou-Nallandig'
ham school, and it may not bc amiSs 70
inform the public generally that these
would-be repudiationistsa are getting them
selves into an anxious frame Of mind
quite necdlessly, aud before circum-
stances, or the prospect Of the consumma'
,ion Of their pet schemes, would seem u
warrant such a course, as, indeed, were
they in power in Congress At the present
time, and passed Law to pay the
bonds Of the United States, at ma
turity, ain current funds" We have ne
fears that stockholders would be losers, I,
any serious extent, or be served other
than existing circumstances will ulti-
mately treat them These same politi.
clans clamor for a return TO specie pay
ment, which must be dcnominatod a musl
moro sensible proposition than tho other
providing by the other, they meant TO pa,
the national debt in grccnbacks. Blu
this they ask for only in their ignorance
their claim being that the bonds should
bs Cancelled by their face value of eur
rent funds Now but very few Of thes,
bonds fall due for the next fifteen years
and, as present prospects would in
dictate, if within that time specie paymen
is resumed in the country, what neot
viii there then be Of paying off the in
debtedness in greenbacks VIII the Pen
dleton party advocate new issue of pa
per currency to defraud holders of gov
eminent securities, and il So, what pro
visions would it make for the final re
demption of such an issue 1t can do n
better than agree to cancel it with eur
rent funds" with running legal inter
est, which terms will be gladly accepted
we opine, by capitalists, and by them con,
sidered a profitable investment. There i.
no doubt that ten years will see US again
with hard currency, and this hue and
cry about bondholding monopoly is all
gotten up by demagogucs to excite the
prejudicies Of the unthinking and the ig.
norant. The course for Republicans I,
adopt in the premises, for they are inca
pable of STOPPING to parallel.meanness, i.
to go on and settle the remaining ques
tons concerning the restoration Of tn,
lately revolted States, placing them in {
state of order and subsection to law, Sc
in motion the productive industries o
the whole country, add to our nationa
income, resume at as early date as il
practicable with our financial condition
specie payment, which object being ac
complished, we will agree with tn,
schemes of any and all who wish to pa,
the obligations of the nation in "curren
funds"