New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-23
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tile alliance Because am FOR peace 40 that this whole
people may be ut work; because desire tranquility,
that all may be Rappy because esR SO
pose the Democracy and denounce 1t as Disturber
| Of the NATIONAL Peace
full. OLD Rebels are crawling from hiding places TO re-
sumo their former ne-and what rule such as might
be expected from the representatives. OF slavery ItS
the rule OF msrue, where the KuKlux Khan takes tho
place of missionary and schoOmasier Murder Is an
the UniOnist Not OF these States where intlmida
ton with death in its train does not play It's part Take
to 1t Tennessee and, fear North Carolina and virginia
also--for the crime is conagons-hnd there 10 small
justice for those to whom you much. Ihat these
things should under Andrew Johnson was natura
that should encounter difficulties after his
detection was natural. The great English mOralst-
another JoinsOn-ttd wonder that dog In CHAINS
danced no better but That danced at all aud 90 not
ceeded no better but that It succeeded at all Andrew
patriot President Public opiou must come to his sup
port in this necessary work There hut thing these
dsurbers feel IL j. power and this they must be made
| to feel; meau the power OF IN awakened people.
| directed by a Republican, Administration, vigorously.
constantly surely 80 that there sA DO no rest Tor tho
wicked.
If could forget the OF tie Democracy these
things cannot, there is still another chapter for e1-
posure and the is the it appears 10
is that standing menace of repddiaon by which tho
national credit ut home and abroad suffers so much and
our largely increased. 1t will not do TO cay
that no National Conventional has Yet announced TINS
dishonesty charge IL upon the party. party which
repudiates the fundamental principles Of the Declaration
aw~wRch repndIates the seifcyidert truth that gov
eminent is founded only the consent o: the governed
hstory-and whose chiefs are now engaged IN cunning
assault upon the credor-is party OF repudlation-
The repudiatng gospel according to Mr. PendIeon rs
| now preaching in Ohio and nothing Is more certain
than that the triumph Of the Democracy in our country
would be blow not only at the national freedman Dut
also at the national creditor There would Dc repuda
The word Reputation" in its present sense ls not
old. 1t first appears Mississippi Democratic state
|
the hardihood OF name II was in 1871 that
used this word with regard TO certain State bonds; and
thus began that policy by which MISSISSIPPI was nsG
dshOnored and then kept poor for capital was naturally
shy of such state Constantly, from that time, hssis-
sippi had the bad emnence Of TINS transaction nor
the State known as the home of Jefferson DAVIS
than a. the home OF reputation OnhapMly the natloi
in Europe to our discredt that because Mississippi repu
dated. the nation may repudlae also refer to thIs
the Democratic policy, Mississippi to tsrdy
justice regenerated state cannot afford to bear tho
burden Of repudlaOn can the nation and the ssef-
hood OF States forget misconduct 80 injurious 10 all
effort 'f in He Sop is eH RereO by an able law
yer time ornament of tine Supreme Court OF the
persnasiveiy that where q State repudates its obga-
tions 10 the detrment Of foreigners there Is emedy
tains a warning applicable to the present hour which
quote:
Tn. conduct Of few state. has not ouy credit
and lst their sister states 10 but mster
ally affected the credit Of the whole Union that = was f99d imposed DC
1912 offered 80 the creditor ru'
ing. begging through all tho EIhsngs Of Europe the agent ssP
North American Review for January. 1884, Vol So 10
| REPUTATION is CoSFIscATIoS.
Reputation is cOniscaton and in the present case,
onscation OF the property Of loyal citizens With IN
paraeed generosity nation refused to contscate
Rebel property and IL ia proposed to eonfscate
loyal property When expose Reputation cOnfsca-
ton mean 70 be precise. Between two enactments, one
requiring the surrender OF property without compensa
on and the other declaring that the nation shah hot
and will not pay equal amount due according to SOL
emn promise, there can be no just distinction The two
are alike. The former might alarm greater number,
because its face more demonstrative But analyze
Is taken by the nation whoa. Compensation ana apprS
prated to it's Therefore do say Reputation -
PAYMENT IN GREENBAcKs.
tavorite device of reputation pay the national
debt in greenbacksn other words TO pay bonds bearing
interest with promises not bearing interest yio-
lang the first place, rule Of honesty which orbids
such trick, and in the second place. rule of law,
which refuses to recognize an inferior obligation as pay
of the interest and indefinite posponement OF the prne
pal This proposition, when first preached contemplated
nothing less than infinite Issue Of greenbacks flooding
the country as France was flooded by assgaats, and
utterly destroying values OF all kinds Although IN ITS
present moderate form IL s limited TO payment by
existing Greenbacks yet il has the radical injustice
bearing bonds to be paid with nonnteres-
enough Its proposer would never do this thing IN his
affairs but how he ask his country " do what
honesty forbids in private life
/ TAXATION BONDS
Another device is to tax the bonds when the money
was lent positive condition that the bonds should
not be taxed This Of is to break the contract in
| another way IL is reputation In another form.
To argue these questions Is happily unnecessary ana
aude 70 them only because wish 10 exhibit the ioss 70
| a churchdoor. And here must ask attention to-
| details
The total debt OF our country the LIST OF September,
aside from the OF bonds issued to the Pacific
Railway, was s?475.962,5Ol and here mention, with
great satisfaction that since the ls Of March last the
debt has been reduced s4eO0OO0 The surplus revenue
now acorung is not than year. and VIII
be- probably not less than sl25OO00o0 year. OF which
large less than s75oOO0oo must DO attributed to-
the better OF the laws and the economy
prevailing all departments And here comes the prac,
teal point Large as is our surplus revenue It snoud
| reputation menaced by the Democracy THIS can DO
| shown easily.
| II look at our bonded debt. we find II is now
93G30O upon which pay not less than s24 10000
at se eo sfFe e a az M BeT se s
interest and that paid by other powers the measure OF
toars are r% IN the market but England and France
have the mmeasurabe resources that are ours;
see that debt could have been funded without paying
more four per but for the doubt cast
mest in greenbacks and taxation Of bonds costly
cries without these there would have been Co
swell surplus But this sum- II invested ms
sinking fund at four per cent interest would pay the
whole bonded debt In less than s0years sueh 10 our
The sum total of this loss directly chsreebe upon tho
regulators than hundred millions, already
pald in taxes and much fear that bei
fore nation recover from the discedt inhlced
upon il another hundred millions will be paid IN the sao
way. 1t is hard TO see this immense treasure wrnng by
from the toll OF the people to paw these seheme
Democracy Do not forget that the cost OF
ths experiment confined to particular class where
ever the tax gatherer goes there il paid. Every works
man pays in his food and clothing; every mechanic
artisan In his tools every housewife In her cooking
stove and fatir0n every merchant In the stamp upon
his every Of salary In the income tax aye,
every aborer his wood his coal his potatoes and
salt Many Of these taxes imposed under duress OF
war will be removed sOon trust but still the
OF forty millions annually must be contributed by tho
labor the country until the world Is convinced that in
spite Of DemOcratc menace the Repu6o will maintain