Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1869-03-06

/, is, is going Tor tho most part Ia
our own oigiIrms, and la view oi
their equal rights, pay all on none
or II they can only pay part, .el
them refer lhv matter Ia master
commissioner for a ITo ni'H dlstrlb'
ullun nf the assets among all lhe
creditors Ia exact proportion Ia their
several demands, Whatever may
bo tho hardship # such measure,
il will iall upun all alike and these
who have bcon drawing the & ID
will have less reason to complain
than those who never received n
cont. 4 discrimination among
American citizens is Ia fugranl vio-
laiiun 0f the. fundamental prlnci-
plies of our free institutions, aud II
fraud upon the eqGNl rights of the
people, Our Government WAS cs-
iab!ishoi to secure the rights and
10 prrpcluule the liberties ol the
people, aud not rs an engine of op-
preston aud torture to degrade aud
cnslavo them,
The condition of the country in
II financial point of view is alarming,
and most OF the remedies prescribed
appear to bo temporary in their
character, Many of them propose,
in certain contingencies, TO issue
more bonds, Us il the bonds already
in existence were not absorbing and
consuming the substance of the
people. That relief which comes
from increasing the burden will not
meet my appreciation. The dcspcr-
ate situation of our affairs is rem
dcred perfectly manifest by the con-
ilicting aud contradictory measures
advocated by statesmen of great
capacity and enlarged experience.
Scarcely any two agree, and yet
each has the utmost confidence in
the wisdom and policy Of his own
scheme.
The speech of the distinguished
Senator from Indiana in support of
his proposition was an effort of
great vigor, and rs an intellectual
display would compare iavorably
with anything that has been lately
delivered in this Chamber. He Je-
gan his voyage amid the commissions
of revolution, circumnavigatcd the
globe, visiting England, Germany,
France and Spain, and, moro tortu-
nate than Captain Cook, he entered
the ports Of redemption and recon
struction with flying strcamcrs, un'
der cloudlcss skies, and impelled by
pleasant breczos. Great laughter.
He came overland from California,
developing Il snilicicncy of gold in
that State and the territories to pay
our debts and put us on the high
road TO prosperity, and after all he
returns to us with courage on his
brow and constitution invigor0tcd
by the tolls and dangers through
which he has passed. [ Renewed
lfhis discoveries should
prove Of little value 10 the curren-
cy Of the country we can at least
rejoice at the restoration Of his
health. Whatever may be thought
of the speech in other respects, it
will be the unanimous verdict of
candid men that it is the most
cheering and hopeful presentation
Of our financial affairs that will be
made during the present generation.
The Secretary Of the Treasury,
with the amplcsu means of informa-
ton, seems to be puzzled and be-
wildercd by the difficulties Of the
lie shows very clearly
that Webster and himself were alike
to ~ deprecated currency,
and by extending his researches he
might have discovered that other
men entertained similar opinions on
that subject Laughter. He re-
commends that Congress shall pass
a law legalizing gold contracts, and
| can see no very particular objec-
ton to that proposition. If persons
desire to pay and to receive good
/ would make it Lawful for
them to DO so. In his opinion it is
Of the highest importance that the
LaX-paying voters should b. encour-
AGED BY the fact that the debt is in
the progress of rapid eXtinguish
ment. | would like to obligc. the
Secretary very much, but | cannot
tax payers by any such
assurance. | do not believe that
The public debt of the United States
ever can be paid. and the facts upon
which this Judgment is based are
Irown chiefly from the report of the
secretary of the Treasury.
The Treasurer who is a gentle
nan of the o,den time and who
,neol,s about what he thinks, has
ndnlged in some tolerably plain
ali on This financial question The
over GRADES of the fractional cur
,encv authorized bv CONGRESS are
nosf offensive and discussing to his
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