The Vinton record. [volume] (M'arthur, Vinton County, Ohio) 1866-1891, 1868-03-05

| AJNANC
and municipal taxes paid du..
ring the same period-leavingD
nothing for tho purposes ofo'
commerce untilnational, Sfate,,"
and county treasures were unllq a
locked. Prior to the war, when Il
the volume of currency wash
limited, the business Of the 6bH
country was conformed ahdyi
adaptedto the amount in cifio .
culation, much larger use iBegs1
ing made of private paper in3o
commercial transactions than ~
currency ofany kind; aud in the
absenceof the use of this 2priuo "
vate paper prices of everything 70
must have reached a standard 81
ruinously low to the laborer, ,sd.
producer, and manufacturer. Let
But since that time, partly, in ~.
consequence of the demandsad
incident to the war and partlyad
in consequence of the redun-aI Z
dancy of currency, prices havoDnI
ranged at figures extremeHEi,
high. And any legislation thatiG
will tend to the reduction iof'E'
values while an immense debt m'
contracted on full.tide prices 10
remains unprovided for and I91
unpaid, either in whole or In OF
part, will, in my Judgment, be 90
highly reprehensible, i'o.1i ,hHR7
I'VE here omit the report Of Of . =
Secretary McCulloch as our .,
readers are very familiar with w
the financial policy Of the -
same.] '"''A'- 1''AI 'H'
MIR. McCulloch's inconsisten. :,
cy is apparent, from the fact =,
that in the same report he rec.
&.
ommends a continued contrac.
tion of the currency, the fuLd. 81
ing of the debt in long six per-
cent. gold bonds, and a speedy If
return to specie payments,
which recommendations, If car. 'a
ried out, SO far from accelera.t
ting the payment of the public b
debt, would stand as insur-
mountable barriers to its pay 81
ment within the next tiftyyiu
years, if ever. Make money, yr
scarce in order TO facilitate the .,
payment OF debts, take up cur are
reency bonds and give, gold
ones in order to benefit the f.,
holders, come TO a specie basiA r.,
in order to reduce values, there,
by tempting the people to. re. p,
pudiate. Greater absurdities b,
and incongruities would be- ,
i''u ~ nno' .rl y'ug. I'iB jGd
1t is true that we have a lis
country of almost unbounded O.
extent, possessing all the eles g.
ments of individual and nation> 81
al wealth; it is true that the re, g. 2
sources of the country are be- Il
ing rapidly developed and that 81
our population is incre asingat ~
a rate unequaled in the history
of the world; but is that any arr ~
gument why We should not q
avail ourselves of the present =
propitious times and lay such 81
a foundation as will insure the 10
payment Of our indebtedness. q.
within the next twenty years p.
without any undue taxation o., d,
oppression to the people9 Ger.
tainly not. ,-:,c
The fertility of our valleys,
the richness of our mine s, and !.
the extent of our DOM lin are d
among the glories of th e Amer, 20
lean citizen; but so far from. s
having anything in II lis line for
sale from which to pay our Il
debts, an unconque rable desire
seems to crop 'out in high a'
places for the possession of
more country, ' Without regard ~
to its quality o.. to our ability nj
to pay for it. a.usm eAi lna 4
--..----------elais .yiir
JUDGE w. w. JoHssos, will bS j
a candidate before the Repub. Z
lican State Convertion for thsio
Office of S,uprer,e .Jndoo 19 IInbe