The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1868-12-23

| .'NHy Dos|'''"l wv W h'"NhiS VioN'S'
i'us7f''r Our creditors we shonld not for-
get what is due TO the masses Of the pro.
ple 1T may be assumed That the hold
ere otonr'secnritirs have already receiv-
"a nponthe'r bonds n larger amount
TN n their original investments measnr-
ed by7sa gold standard. Upon Ihis
statement. iGlaets II would seem but Just
and eqnitable that The six per cent.
lnterest nswi pail by the Government
sh 'ulIbe applied 10 the reduction Of. the
principal IN - scmi.annpal &, instalments,
WHICH in sixteen years and eight months
would liqnidata the entire national debt.
Six per cent. in gold would, at the prrs.
ent rates, be equal &c. nine per cent. in
cnrrnrncy, and equivalent TO The payment
Of the debt one and q half times in a
fraction less ,han seventeen years. This,
III connection with all the other advan-
tagcs derived from their Investments
@onld afford to The pnblic creditors a
fair and liberal compensation for the use
ot"thair capital, anu with tlis they
shouldnbe satisfied The lessons Of the
past'admohIsli the lender that itais anot
welltoabe ovcr anxions'i in exacling from
The borrower rigid compliance with the
letter uftht bond. Ii provision be made
forlthe payment Of the Indebtedness. OF
the Government in the mauner suggest
Cd, our nntion will RAPIDLY recover its
wonted Prosperity.ia It's Interests re-
qWrc TINT some, measure be taken TO
release tlieslarge 1mount Of capital in
vested in',he securities ofathe Govern.
ment. L. is'hot now merely unnroduc
tive, but in taxation annually Consumes
one hundred and, lift} millions Of dollars
which would otherwise be'used by our
enterprlsinB prpplea2'nj adding to the
wealth. of thefiiation.#' Our commerce,
Which Wlll at one 'ime successfully rivalled
that tN ,pt ihrl gteaat maritime powers, has
rlapl lysdlm'n'shed, and our industrial
interests are'ln depressed and langulsll.
lng condition, the development OF our
. ta,ist'h!e "a M M resources IS checked, and
!!he fertile fflds ofIhe South are b' com
ing waste tor. want OF means to- lilllhem.
With ,the,release. of capital nov lite
would os infused into the .paraiA zed en-.
eerrg5less .ot our, our people, and activity aud
ylgor 'INlsarted 7? every branch Of I indus cus.
Ivy. ,Olrpeople need nconraaemcnt
IN thelrctfprls to resovef from the effects
or the rebellion anu OF inJ"d'ceio'is leg's-
la'impn., And It shonld I've the aim. ot
,h .he s1oSsrna.es. - = 1 = s.ImnlS.e : " .sem ny
M p'"s'sG: ~ - 'a'.y n: ielease rom .'le
f'u"s 'a, WEI '''ts n"FIs t"I'' P'ostes'y
80 49, W. ."n,'p' ',',, '"Ns ."s ""'uc"s 'to'i'
ne. t', a''us.f, W. S'u"'a , q, 'eaS' @ n"'''
Is, ".ns ~ ".ip ~ ov" sn'
ln Ie.e'r''s :" .''G hI,''ol oi Tue CIR
o.'la'I"g medium, 1,m !, sh"'! merely fe'tfr-
ave. ave- 'S""ssa'''"''y' 'S, ''''' o't'o' o' NY
ias' ah','!"' rnesTs'S"S as wh'ch relates TO
'''a''Su'g'c.. Ahe proportion ",''c" the
currency "Iahy'c"on'ry s''o"'u oear 10
me 'wholrAVa'Me OF tpe' a"nn"a' produce
c.rc"'"l'a otr',s : mea''s lisa question
upon wh'ch p"l'l.eal ecopem,s's nave not
.greed6nor ecan y pc ,con'rolled oy leg
( 'sRYuo,nn ont inpst De e'eHIo thea 'fFevo
caSly Avs WlH3n neysryWheret regulate
ccHomPmetESefe commerce a. an' tFaee nc clrG'latlng
mrfHdfinm IrH |}lll |}Hlt eyer Trtsis'loly How TO
those po',tt,$ p.,t, Tnfre y ls in gfeaatest &C.
manG'i:slal me Il1W OF G'eman" n"d g supply
as ;"faFnss tsis 81 .llal W".c reg',''es
kSn1ee lug 'a's ot$ .. iH, ~ ocsn ''ee"
clprrrncV, enc IKE ,ae ufa"s, mas us eoos . s
ana l,oWs tnrougliout Tue commercial igl
1 worla. ..,,.. .t,,,.g,,.,t, H.. ,...
At Che beginning Of the rebellion
tho bank-note circulation of the coun-
i. try amounted to not much more than
i two hundred millions Of dollars. Now