Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1868-09-26

grcenbacks. 1t is found in the laws under
| which the bonds were issued, and it is in
deibly stamped on every legal.tender note
or greenback. On the back of every one of
them you will find ttese words: This note
is egal.teuder for all the debts, public and
private, except duties on imports and inter.
est on the public debt, and is receivable in
payment of all loans made to the United
States Could any language be palmer than
| that The people, by their Government,
say to the money lender, if you will lend US
money, we will take greenbacks from you
I and give our bond and when we take up
the bond we will pay you in like currency,
in the meantime paying you interest in gold.
And now when the Government fu'fils this
contract strictly, according to both its letter
and spirit, by paying the interest in gold
and principal in greenbacks, what reason
is there why its credit should suffer' And
is no faith to be kept toward the people as
well as by the peoplel Are they to be
branded as repudators and thieves, because
they keep their contract as it was made be-
cause they refuse to give more than they
promised to give9 And yet, with the laws
and equity and good faith, and honor of
the case plainly before them, what did our
Radical Congress do at lis last session 1t
passed what is commonly called the Funding
bill. by which it is proposed to continue the
debt for 40 years, and to pay both principal
and interest in gold. 1t is true that lower
rate of interest is Offered /; but if the princi-
pal of the debt, as well as the interest, is,
| under exiting laws, payable IN gold, what
right has the Government to ask its creditor
to take less than it promised him2 On the
other hand, if the principal is payable in
greenhacks, what right has Congress to ask
the people to extend the debt TO forty years,
and pay it all, principal as we'll as interest,
in gold thus doubling, or rather trcbling,
the amount to be paid. For in forty years
you would pay the amount of the debt more
than twice over in interest, even at fo ur per
cent, and still have the principal to pay,
when, by keeping your contract as it is, you
may pay off the principal in legal-tenders,
and stop all payment of interest. / say,
then, if this burden shall continue to rest
upon the people-if, year after year, as long
as you live, and after you, as long as your
children live, the people of Ohio are to be
deprived of their means, and as their money
is to flow out of the State to their own i'm
poverishment and the enriching of others,
it will be the fault of our Radical rulers; it
will he the bitter fruits of Radical policy.
NO, my friends; pay off your debt as you
pi''''oN' w p"y ~, "li' NV oihSi NiSS ubN
pay it as speedily as possible, consistently
with your welfare. Let not that worst enc
my of free institutions and the laboring man
"a great public debt-exist among you"
Here it is plain that Mr.. Thurman pro.
poses to pay off $l,300,O00,000 of interest,
bearing Debt by simply printing off like
amount of non-interest- bearing promises,
payable at no time and in nothing, and say
to the public creditors, "Take these or moth
ing-your interest stops from this day" He
who docs not feel that this would be naked,
unblushing villainy-that it would put
piracy to the blush and crimson the brow of
burglary-must be destitute of moral sense
Mr. Thurman kaors-he cannot but know
that the issue of $1,000, 100000 of new
Greenhacks, with no provision for their pay
ment, would destroy the value of Greebacks
almost entirely. Such an issue would not
merely wipe out the National Debit would
wipe out all Debts whatsoever. The trustee,
the executor, the guardian, would be enrich
ed by the spoliation of the widow and or
phan; while the means of the poor deposited
in savings banks, life insurance companies.
&c, would be practically confscated Yet
he calls on the People to pay their National
Debt, not by earning, or saving, or any form
Of self.denial, but by naked fraud. And he
quotes men of decent repute as indorsers of
his vil,ainy. IS it not high time that they
should stand from under ?"-M J. Tribune.