The New York herald., 1868-06-26

!, JUNE 20, 1000. IhlI LIZ
public creditor ana taxpayer N thus unsettling
cannot help the national % prosperity % but made
heavy load upon the country the real cause OF our
ae9ased credit edit The taxpayer was told the burdens
was not used In good faith TO him. for the debt still
stands; nor ~ good faith to the creditor for he was
not paid what he should have been; but II was used
Ia away which harmed both-fn q way that tainted
the nations credit, kept up taxation BY keeping up
bonds and with them carried down the paper cur
rency, and thus wronged the laborer and pensoner.
mad folly, We could to-day borrow money as cheapIy
as Great Britain; but we have cursed the taxpayer,
curns Of tie south Win mss
| despotism and negro domination. Every one must
down the cost Of government had given pea peace S to
our Union, mad built up industry and good order
ne Whole
would have been changed. (That's s0," and ap-
piausel We demand that our currency shall be made
as good as gold, not by contracting the amount but
| by contracting the expenses Of government. We
are against measures which win pull down business
national credit When we stop the waste Which
forces US to pay usury OF ten per cent and take
the rates paid by other nations shall add to the
dignity and power Of our Union. When we give
taxation to to- the payment Of our % debt ana not to the
military and negro schemes, we shall relieve the
taxpayer, the bin holder and give strength and
| We have seen the mischief wrought out by
the policy Of the past three years. i win be hurt
full in the future as 1t has been in the past Yet the
republican party has approved It and is pledged to
uphold 1t. We have shown how the policy OF using
the past. 1t will do the same for us in the future
TO that policy we are pledged There Is not one man
point. It has never been charged that 'a single
democrat IN these United States ever favored the
mary and negro policy upon which the credit Of
use the public money to pay the public debt. 1t Is
simple, brief, but certain remedy for national
Malady. Our ailment Is debt aggravated by despO-
tism.
TAXATION INCREASED BY THE NATIONAL DEBT.
In another way the republicans do q constant
wrong to the bondholders. In answer to complaints
OF heavy taxation they say 1t cannot be helped with
the debt why do they not tell the truth and say one
third Of our taxation Is made by our debtY Then
they win be asked, what makes the twothirds This
do not wantto answer. When they do answer the
eyes Of all classes will be opened They will be forced
mittee Of Ways and Means ss70 49, oee, and this in
the third year Of peace. Well say well meaning
debt took most Of It. Oh no; that took si4S as $685.
not quite as much as was spent by the War and
and wS1 s
that is 900 more than the democrats spent for
army and navy and all the expenses Of government
the navy when it formerly cost sia oco, 900 an
nuays Has American shipping grown SO much
c tes Sa7 sTsp t1
ships from the ocean; we have lost the carrying
you give the builders OF merchant ships the money
spent on the navy by way of drawback on dutiesP
Would that start work at our shipyardss Oh, yes,
half the cost would do It, Then, why it not dOneY
We did not think Of It, really; we have been SO busy
with the impeachment and negro questions that we
the War Department spent this year $12s, ,s5s, ,466,
when the year before it spent only about $685.
How is this We'll It costs great deal to Keen sol
diers ana Freedman's Bureau agents and to feed
% yo do he s nsSy nwny
selves as we do. You make the laborers OF
the North work to feed and clothe these idle
and they will send our travelling agents to Con-
gress; we shall get twenty Senators in this way,
living in nine States have only we Eighteen. @ The
people may vote as they please but they cannot get
for our advantage; we have managed it So that one
quarter OF the people have more power In the Senate
tean the a not we M now own the
and money! We now see where the money goes we
now see why the credit of our country Is tainted
we now see why the value OF our paper money is
sinking II was only at twentyone per cent discount
in 1865; Is now at discount of about twenty mine
cheated by false dollars. II the mechanic cares
to know why he works so many hours let him study
clear why business is numbered and business men
perplexed. We now know why the public creditor
payer is hunted down by the axgatherer The negro
military policy Of the republican party is at the bot
tom or all these troubles. We now get at the
cans by. their nominations and resolutions
are pledged to keep up the negro and
These will be greater hereafter. The government Of
the South Is to go into the hands of the negroes We
The republicans say they shall be governors at the
south. We are clearly opposed to this policy. We
have seen how much 1t has cost the taxpayer, the
bondholder and the aborer in the past three years.
IL will be hurtfu In the future. We have also seen
how our policy OF using the money to pay our debts
the aborer In the past. II will do as much in the
future. The whole question Is brought down to this
relieve the taxpayer, make our money good in the
hand OF the laDorer or pensoner and help the bond
poiism, feed idle negroes, break down the judiciary
shacke the Executive and destroy all constitutional
rgntsr
I have said nothing In behalf OF or against the
views OF any who is spoken OF as candidate for
the Presidency on the democratic side. | have said
only what each agrees TO and is in favor Of No
man has been named who Is not In favor Of reducing
goid No man has been named who is not in
favor or cutting down military expenses. No
man mas been named VINO Is not IN favor OF
pay the public debt. No man has been named
who IS not IN favor OF general amnesty to the
people Of the South. No man has been named who
Il not upholder OF constitutional rights. No
has been named 10y the democratic party whose elec
aborer and the bondholder. On the other hand, the
candidates OF the republican party are pledged to
thcir past policy, Wnlch mas sunk the vaue OI our
currency more than eight per cent in the past two
years. The discount upon our paper money was
twenty per cent in APRIL 1906 IL is about twenty
nine per cent. II win continue TO go down under the
same policy. As u sinks IL Will increase taxes It
VIII all labor and business, II will endanger
SIN more the public credit for the greater the pre-
MUM on goId the harder Il becomes to pay specie
| to the boDdholder and his claims become more
odious.
rERoRArioN.
What claim have the republicans upon our soldiersS
They take away from him onequarter oil his pension
hy paving him In false money which Is worth less
than seyenty.nve cents on the dollar. A wise and
honest administration would have made IL worth It's
face IN gold. what right have they 10 call upon the
mechanic aud iabOrert They have heightened out
the hours OF their toll TO feed swarns of ocehod-
4 ers az the North and 10 support armies and
| h0ries Of negroes nj the South How can they
look the taxpayers In the face when they have
I wrung from them so many millions upon the
preiext that the debt compelled them to do so,