The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1868-10-21
Desportes, Williams & Co., Proprietors. ]

moderate peace establishment. W.
must terminate there the JOINT rule o
the negro and the bayonot, {and slavery
and secession having been forover aban,
doned,) permit the Southern States, il
obedience to the Federal Constitution
to govern themselves as before the re.
bellion. The lact Of this vast increase
Of the annual interest Of the public debt
is not disputed question. II rests on
transcripts from the books Of the Treasu
~, and cannot be denied. This item oi
expenditures for the increased annual
interest, as currency, Of the public debt,
$26,574,S29 from the 30th of Novcm.
ber last (l867) to the 3lst Of August,
! 1868, being an augmentation at the rate
of three millions Of dollars month, or
thrty-six millions year. At this rate
Of increased annual expenditure for in.
terest only on the 30th of November,
1869, q little over year, this single
item of yearly disbursements would
reach seventy-two millions of dollars
It is clear, thet1, that the Radical policy
leads rapidly and certainly to national
bankruptcy, and that nothing can save
us but a change Of men and meas.
ures."
We have heretofore stated that Mr..
Walker with all his experienced ability
upon the subject Of Government finances,
has expressed his reliance, in the maiu,
upon the official facts, figures and views
Of Mr. Delmar, as to the receipts and
expenditures for the term that has
elapsed since the termination of the war !;
but not contend with this much of SER
vice to the country by aiding to give
light to- the people upon tho wretchcd
and deplorable condition o. the finances
under the rule Of the hump Congress,
he, at the request of parties in New
York, has been instrumental in procur-
ing the publication Of the table prerat ed
at the office Of Mr.. Delmar, Statican Of
the Department, the salient points of
which are presented in the above letter.
The whole table appeared in the hteti.
gencer of Tuesday morning, and with it
an editorial article showing its leading
points in more full manner than ap.
pears IN the above letter Of Mr. Walker
to his friend in Philadelphia. The s,a4
tfstics in question were gotten up with
the full knowledge and consent Of Sec.
retary McCulloch. And here let us
state that ;he remarks accompanying the
monthly Treasury statement for Septem.
Der are not from Mr.. McCullocll at all,
but are volunteered effusion of knot OF
Radical Clerks, who seek to cloak the
desperate condition of the finances from
the gaze OF the people. The table pre-
pared at the instance Of Mr.. Walker is
now before the country, as we'll as his
statements OF its leading points. If the
Democratic press does its duty III laying
them before the country, and the Demo
cratic orators do theirs also, in discuss
ing its subject-matter at the huslings,
the Radical prospect Of success viii be
utterly destroyed.
Mr.. Walkers facts. figures and argu-
mcnts will not be questioned ever by
Radicals. for they have exhausted eco.
miums upon him for those great efforts
at a period Of almost pitch dark
ness concerning the finances during the
rebellion, when he succeeded by the in
tense fire OF his nature III driving through
Congress the necessary measures for
continuing the war to a successful ter,
mination. Subsequently, as agent Of
the Government, he visited Europe, and
succeeded in making market for Gov
ernment bonds there, and establishing
our crddit on firm basis. These acts
ofsupreme service to the country were
worthy ofhis great fame as Secretary OF
tire Treasury under Mr.. Polk, when he
not only pilosed wi,h entire success the
financial slip, but championed with un.
surpassed skill, force and effect. the
cause Of practical free trade, by which
the rate pei cent, of revenue was reduc.
ed tothe low figure Of twenty-six per
cent. It We're joyful, indeed, were there
hope that such another bright day in
our history will ever come.