Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-06-03
1.-THE LETTER AND THE
SPIRIT.
SEQ Public Debt = CongresstonaI
RadacaEs Forced Go Take Position.

sIr. cary-s Resolutions Regarding Ia,
SEQ Public Debt = Congresstona
Radicals F0reess 90 TaIe Position.
The Hon. Mr.. Cary, member OF Con
gress from Cincinnati, Ohio, has Introduces
a resolution declaring that "neither III,
letter nor spirit Of the law afder which tn,
5-20s were Issued required the pas inent o
the principal in coin - and, further, thal
it viii be Ia utmost faith if holders Thereof
be paid in the same money that has beer
paid TO the soldiers who fought the battle.
Of the war, and with which the govern
ment settles the claims of widows aud
orphans Of our fallen heroes, the same thai
laborers are required TO receive the wages
and what is legal-tender for all pnblie and
private debts except custom duties and in
terest on the public debt.
Mr.. Cary TO 1gh elected an "indepen-
dent" candidate, was formerly strong Re
publican. Yet the theory advanced by him
in the above solution is ,sntially that
Of Mr.. Pendleion's, and in direct opposi.
ton 20 that set set forth by the Radicals at
Chicago. la the Radical platform we are
told that the national debt "shonld be ex-
tended over fair period for redemption"
This is an indefinite way Of treating most
important matter. il is Just such way as
wonld be best calculated to suit bond
holders. In fact, there is every reason to
believe bondholders and bankers run the
Chicago Convention. ...
Ii was at meeting of this class Of men
that Grant was first nominated. Ii was
bondhOlders and bankers that proposed to
raise half million Of dOllars to recon.
pense him for his pecuniary loss in giving
up his present life-office, worth $4,000 a
year, for that of the Presidency. And now
the platform of the Chicago Conventionists,
composed largely of bondholders aud bank
ers, speaks their sentiments and echoes
their most ardent wishes.
Under our present financial system, we
are taxed 10 the extent annually of $780,
900 600 10 gold for the payment of interest
on the national debt alone-a sum which
in fifteen years would amount TO sufficient
TO pay the whole of the national debt; and
the Radicals propose we shall continue
paying at this rate. Mr. Cary proposes
that the national debt shall be paid in
greenhacks-that is, except such portion as
it is expressly provided shall be paid in
gold-ihus saying eventually to the people
an amount aggregsiing to several
hundred millions of dollars. And this
policy is the one most in favor with the
in favor with the people
generally who have taken the trouble to
examing the question. Mr.. Cary does not
believe 10 fayoring certain classes 10 the
extent Of paying them thirty cents on the
dollar more than they pay to the farmer, to
the MECHANIC, or 10 the laboring man. He
does not believe, with the Radical platform,
that gold only is good enough for the bond
holders, while greenbacks are accounted
good enough for the poor; ......-f ~
We are glad General Cary has intro
duced this proposition 10 Congress. Now
that the Chicago Convention hes placed it.
self in the interests of the holders of bonds,
he's nominated the bondholder's candidate,
we are DESTROYS that Radical Congressman
shall place themselves on record. There
is little doubt but this question viii enter
largely into the ensuing contest eagen-
leorh (Kallsds) Democrat. fEt