The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-12-17

4 8OOE, undressing, uhpfontaoie anu
/ &uimportant document. The old MY
Policy" opposition to Congressional Re
Neoustruction, and many other Congress
pioual measures. adopted or proposed, is
eontinucd with increased blindness and
!.bItserness, In closing his remarks up
ION Reconstruction. he says, alluding to
1.-The condition Of affairs in ls65-
1.-THE Executive Department. with the
aid of the States. had brought
laahe work Of restoration as near compile
II tion a. was within the scope OF its au-
tsthority. aud the nation was encouraged
bv the prospect of an early and satisfac-
tory adjustment of all its difficulties.
n Congress, however, inteTfered, aud re-
N fusing to perfect the work so nearly con-
II summated, declined to admit members
Z from the States, adopted a series OF
N measures which arrested the progress OF
II restoration, frustrated oil that had been
. successfully accomplished. and after
\ three years Of agitation and strife. has
Il len the country farther from that attain
n inent Of union and fraternal feeling than
4 It the inception of the Congressional
rlan Of reconstruction. 1t needs no ar
|. rumeut to show that legislation which
II has produced such consequences should
hs abrogated, or else made 10 eontoTin IN
4 the genuine principles of republican
Kovernpleut"
He demands the repeal of the Tenure
n Of Once bill. and the act Of Congress
n PROHIBITING the organization o. militia
in The unrscoa.grzscte>i rebel Stases q
l necessary in .eeo-isnc~ with the pro
vssscns Of the Constituted
TIE finances. his next subject, Is
4 s.xasea IN . wesk and characteristic
rrs-aer. He contrasts the ANIMAL ex-
reN>s % the government so- the years
1874. rSsa. lSsa. ISsa, lss5 and 1859.
Slowing. .rcvarse f-zrfally Increasing
yearly expenditure Ee aaaoGnces the
s4rarre fa--s tbs. the COST o. the Mexican
wax and the war Of l>ls. tosesher- did
ros ana-an. to nearly 50 many dollars
= ,has OF the war against rebellion, Civ
lag the fisurss therefor. les. lie should
not b believed. He states that the
receipts from internal revenue and Gus
toms have, during the past three years,
gradually diminished" dishonesty sup
pressing the fact that taxalioa has been
diminished 10 tile yearly amount Of Ia
millions of dollars. thereby decreasing
the revenue tina: amount i'll one Item
The revicw OF the suhjec. is one contin.
uai groaning and fau!t-tind:ng, and the
conclusion is that Something must b.
done. ard that speedily.
Taking up the public debt, he g-oan'
on i'm the well known Democratic strail
OF tho late campaign; but when h,
touches upon the payment of the deb;
he shakes off all trammcls of party, pro
priety or honesty, aud announces
plan, the authorship Of which, no on
will ever dispate with him aud tn
novelty 0. Which is only oqualcd by it
Infamous dishonesty. The proposi,io,
/ amounts to this, that. after paying tn
. interest upon its Indebtedness for six
tecn years, the government shall n
. once repudia.e the entire principal
Ills manner of making this startling
Recommendation is as follows: Ate
wadiny through sluggish and shallo,
stream of sophistry to prove tina; III
, government received nothing from i,
, creditors, but actually paid them TO tai,
! fts evidences Of Indebtedness in whic
/. he says
Tho general impression a. TO the ey
orlitancy of the existing rate o. intere;
: has led to an inquiry into the publ
mind respecting the consideration whic
I the government has actually receive
for its bonds, and the conclusion is be
coming prevalent that the amour
/ which it obtained was, in real none,
three or fur hundred per cent. less tina
the obligations which ii issued III re
turn
he proceeds to state his plan for pay
mcnt in precise language rs follows:
Upon this statement Of facts, it woul
seem just and equitable that the six pc
cent. interest now paid by the govern
ment, should be applied to the redut
ton Of the principal in semi-anuus
installmen;s, which, in sixteen year
and eight months, would liqri,late Il,
entire national debt. Six per cent. /
gold would, ut present rates, be equal /
nine per cent. in currency. and equivs
lent to the payment of the debt one an
q half times in Il fraction less than sex
enteen years. This, in connection wit
all the other advantages derived from
their Investment woui., afford TO til
pub..e creditors fair and liberal CON
pensation for the use Of their capita
and with this they should be satisfied
The lessons of the past almonisli III
lenJer tina. it is not we'll To he over aux
1ous in exacting from the borrower rigi
compliance with the letter 81 the bond
This, President Johnson'S origin:
plan for the payment Of debt will sur,
~ be Interesting 70 both borrowers an
lenders. BY its working, should or
Individual borrow of another fifty do
lars for ten years, and agree to pay &c
per cent. interest thereon. annually;
the end of the ten years lie could say
tbs creditor who called for the Tavmel
Of the principal loaned, Have | n
paid.yo fifty dollars in interest" Til
being granted, he would say, "Awa
with you. then-that was what You lei
uc. | owe you nothing" But tn
rascally proposition is too plain To net
explanation, aud too dishonest To nee
argument; and will hardly be what IL