The New York herald., 1868-06-26

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interest on debit was $256, 226, 4l4 rms show
peace four dollars where the democrats spent ,s one
VIII allow them to spend @ TWO doiars S Mhers sns n
democrats spent one This will make $5l2, 452. So;
Bas ,sey nc ,g spsq, as 500 s4s beyond this What al
Mr.. Polk's term, which Included the Mexican wal
the cost OF the War Department was only 500, $40
ment. taking their own statements and estimates
VIII be In these four years OF peace $54i 8l9;
this follows an expenditure than 90
during the war. The cost OF the Navy Departnen
In the four years ending July l, 1862 win be, by re
publican statements and estimates, S1iT4n, ,so2
and thus follows an expenditure Of ssil lIss, q
the navy cost only So2 9IO, ,53i We then stood ii
the front rank Of commercial Powers. Our ship
port American shipping is now BY our tarIfr polcj
swept from the ocean, but the cost Of the navy Is
cost Siss, ,sss4ss which is more than its COS cos
during the four. years OF Mr.. Polk's term
war Not only does ' one year r Of ~ peace cos 1sSI
more than four years Of war then did, but the
third year OF peace costs more than the second fol
spent only In these statements ps.s we have
given the republicans the full benefit Of their pro
ssnsa %sss fUs tns sss year ending July lss but
and how did you spend Sl23 s5s, 400 this yearY Il
you spend upon M III IN isss y and lsOs ss
In 1917 You have not cut down the numbers OF the
army; Did you waste money tn: year. or are your
cans TO read the estimates for the future for they
show the prongacy OF the past.
WHAT A WISE USE OF THE PUBLIC FUNDS WOULD
HAVE ACCOMPLISHED.
II I'VE hundred million Of dollars Of the money
paid for military naval and other expenses had been
used to pay the debt to-day the credit Of the United
States would have been as good as that OF Great
Britain. This rapid payment and the proof 1t would
have given Of good faith would have carried the
would be worth much more In the hands OF the hold
ers, and yet the taxpayer would be better on, for
rose co%d rDt ont nev bombs Sear
ing less interest which would not have the odious
exemption from taxation. Our debt would have
The hours OF labor could be shortened. What now
engthens the time OF toili II we were free from any
form OF taxation, direct or Indirect six hours Of
work would earn - much as ten do now. One hour
more Of work ought to meet lab0rers share Of the
cost Of government; another hour should pay his
share Of the national debt He now works two nours
and negro policy OF Congress and ie corrupt
schemes. lthas just passed law that eight hours
ton which forces the iaborer 70 work ten hours or
starve. But the wise and honest use Of this
tsoo.ooo,ooo would not have stopped here:
specie value It would have carried mp our currency
TO the value OF specie. The plan OF making our cur
sncy ,s Soca ss FoS ey nS lie Sn
we t up It's value, by getting rid Of the faint upon
the national credit, 1t harms no one, It blesses ALL
Now our legal tenders and bank currency must be
debascd while our national bonds stand discredited
They must rise and fall together. They are all
based upon the national credit Bank notes cannot
them. IT. then the $5oo,OOOOOO had been duly
saa ssd udS to s debt
the mechanic, laborer and pensioner would be paid
In coin, or money good as coin, and would not be
cheated out OF one-Quarter OF their dues by false
dollars. The holders OF bonds In savings banks or
=
would be safer and worth more. There would be no
question how they should be paid, for this question
disappear when they disappear from the places they
now hold The bondh0lder would no longer stand
IN IN Odious light. He would not be charged with
the taxation which has been used 10 hurt, not to
help, his claim.
THE CHICAGO CONVENTION PLEDGED TO THE NEGRO
AND MILITARY Policy.
"a wse an homes. use OF the public money would
have done this good In the past, 1t will do II in the
future. But the republican party. at Chicago,
pledged itself, by Its nominations and resolutions, TO
keep up ts negro and military policy IL is impossi-
BILE 10 give untutored Africans at the South uncon-
tro!led power over the the property and
votes, without military despotism. You cannot give
to three millions OF negroes more senators than are
allowed TO fifteen millions OF white men living
In New York, Pennsylvania Ohio, Illinois, In
diana. Wisconsin, Iowa. Kentucky Missouri and
Michigan without keeping up great standing armies:
Without general amnesty and a restoration OF
suffrage to all the whites In the South great stand
ing army must be permanent institution. In order
to curse the south with military despOtsm, negro
rule AMI disorganized labor aud industry they cursed
the farmers OF the North with taxation the mecha-
ics with more hours OF toll the laborers and pension
ers with debased paper the merchant with shit
ing standard, and the public creditor with dis.
honored and tainted national faith. Are these classes
to turn and TO see how each can push
the burdens upon each other are they
to make common cause and do away with
the curses OF bad government II the sepub-
ncan policy prevails this struggle must begin.
Either the laborer or the capitalist must go down
Both cannot live under II and men must choose be-
tween. IT, on the other hand. the policy OF selfish
ambition and OF sectional hate II put down, our
country will start upon new course OF prosperity
and all classes Will reap In common the fruits OF
good government. Great applauseD
THE QUESTION To BE DETERMINED AT THE MKT
ELECTION.
The next election will turn upon this question:
Can the Congressional party succeed In their efforts
toeXcile and array the Industrial and moneycd inter-
esis against each other or Will these unite and turn
out the authors OF the mischief under which they
all sufferngf The only hope OF our opponents ~
discord where there should be harmony and concert
OF action.
APPEAL or THE DEMOCRATIC PARTY
In our state, at the last election we Appealed TO
all classes TO help New Nork from niisgoye ern-
ment, aud all came up 20 the rescue. and made q
change OF seventy thousand. Let again appeal TO
all classes OF interests throughout the Jnion et " go
before the people with these facts, and will make
achange " which viii sweep the wrong doers from their
places We say to the bondhoder and to the laborer
who has put his money into savings bank, we do not
wish 10 harm you, we do not seek 10 give You tad
money, hy sn, to ge' good currency for all ltw not
" hurts us; " keeps up our taxes by making u pay
nigh INTEREST," but we ask you TO help save Us a. lax
payers ron the cost OF the negro and military policy
al tue SOUTH u v hard for us 10 pay you " YOU let
men In power take the money We give In taNes 10
reduce your claims and you support them while they
use u to uphold military despotism. We see clearly
that state OF afiairs which VIII compel Won
10 take debased currency VIII force every
aborer, farmer. mechanic and creditor to
take dehased currency a. well N yonr
claims were all wiped out tomorrow by an
issue OF greenbacks u would not relieve the fsar or
patriots Labor would still he cheated W false dol
lars; our standard of value would silll 4. shlftng
Taxation would he Kept up by the reconstrIcilon
policy or u u despOtsn more than debt that make,
taxation 50 heavy. Nothing would De- settled The
judiciary would stlll be tTampled under FOOT tns
executive would stl be manacIcd ~ that n could
not punish crime nor protect Innocence. But strike
right.
ExrRAvsGAScE oF TuY RADICALS
Since the war closed, In lsss, the goycrnmenf M.
spent for its expenses in addition 10 payments or
principal or interest VI the public debt tie sum ii
more than more than one thousand million dollars
Oi ths sum there has been spent nearly eight hundred
million dollars on the army ana nayy spc
lor military purposes Tits IL nearly one.ihIrd of m.
national Debt. This was spent In the time of peace
The cost OF our navy before ne war was soou