The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1869-01-06

Ia
:"~ =. ~, Wv" '.o l',or' WIN nel naes Il
: that ere long such sights will 10 of fl
; quent occurrence at our lcvees. The Br
D man on her last trim BROUGHT ont onr !.
, bnndred emior,ut. Tot ,sr, 1890 . ;,
,,o,o a.. ,,.s.;.-n ~D-'0 VI
"''' '"0 "..
louis Ir"iy'
TIM LlNKINWATER.
H. ~o-.- IT
. National DebtS-The Question
Rorna;
0p1ui"'iv"'
- T..
lfrom the New York Herald.
William Cobbett. eommont;rs =. N
funding oftbe Br;tish national 1.t,s ,.o;,
I funding with view 10 extinou,sh The d,h
was like raco of lame man .1var a hs,,
for the longer thew ran the farthe, mn. ",
thew were. This ant s;m;Is h.. 80, IT,;
fed bv history for with ali 10 o6n,ts !
the British Government to reduce ito Iob
by the fandinr eystem tho debt rrmains a
large aud burdensomc az ever. inae..a' az
cry new war and financial crisis ;ncre.ss
lit. There ia no hone or -eynact.,;n,, n ;
ever being extineuished. md Il viii renal
an incubus upon the industry of tho nai;o,
till England loses her commercial snnrer,.
cy or q political revelation svea,,a oYer m.
land, and then Il will ha renmd;atod ~,
people cannot and viii not hesr Tho h.,do o.
forever. Mr. Gladstone in = sr. wv : s.,,u.
time aeo seemed to foraae this tas,,M - -,
the mines Of ENGLAND vonld hoc;r 8, 80,
ont md her msnnfsct.rea ~ a ~
would decline. and nrged o,o.sn.e S', ~. ~.
formulation If the dahs tesoos '1 H. W ~
arrived. INT an ahs .rvru,s.s. ~ ~ ~
stateemen of EnolonI .oenot "sx. .s
%ates;n, red"ct;oae nv ed"n nm, eneet any
pudiatiou in the fnture. 80
The same remark apDlies IN tho doh4a ~
other .r.". po~a.s P E.s w '"S ue1ts o. o.
are Increasing their dan. anos-.cus -.
throaoh wavs vast m;,;.srv .,S' " Usm., ~
tablis5ments and f,;"S,f;,, a ar,. nsss. ~,
GENERALITY Look how Fnnco 10 n;,;a% "n
her stunendous d.,bt hov xns.. k "
Prussia, Russia and all ara s;oE;nc dae,s s,
and deeper in financial emhsrrnssmerts
The national dents of Errono omno on. me-
baby, 70 tweotv tbouso,I r;, i" ~ ~ f";
lars and are increasino yearly e. . .u.
one suppose that this state II .h;ra linz a..
90 on or exist ,lon0f Tho,o ,n,,.t ~
limit TO fori,ear. TRe neonio ovo. sr
are becoming enl;ohtenef th.o. 80 ~ w": =:
auence Of the Drtss .a,a.rans " s"o -,
communication nv rs;lrosJs cd go.
power. and win cef,a;nlv th-,- ~ ~ -
sutferabIe bnrIens imnosoi mnon .ha,u H. -,
sbitjoua nr;nces or ssIsah o "r. s"sh ~
Europe rests mon n noI;t;ca, .nS s".;ai
volcano which ere lonr iii h,,rs, c.,.S ~;
sweep awav 10th the Set,ss .n1 ~" .'".a -
ments tina: create them. The h"m.n mini
is upshackled the darf .cea of ;~ro.nn.a
and the sub;ueat;ou of the m.ss.ss =" the
viii Of a E.v ara nossad cd f.aeSo,,. 80. ~
Oppression throM in every so..t ' ~
peopje win SURELY inou;ra sho,t 10 NO. t,,oso
debts have been GRATED and
and will shake off the burden
There will be revolt of the hae. Th;s
ia the preat revolution com;nr An tho
taxes to ply the interest on these dohts
and extnyaaant oov.rnmert. :corro I Ssor"
The labor Of The poor. Thev toll %sv ."d
night and live upon scanty food. while the
proceeds of their industry are enpulfed in
hat Unsuitable abyss. Win thew not mn.
der the progress and enlightenment of The
sge, ponder deeply over these f.cts .nS
throw of the burdcni We think NOTHING
s more certain. Il II
II is important for us 20 consider vheth.
" We shall escape tho universal shock |
when it comes, should We follow the cyan.
Die Of European nations in perpetuatinr a
'tupendous debt. 1t would be foIlv IN
hink We should, for hero the; tar nsvcrs.
he mass of The people, govern. Rennfia.
ion would become popular and financial |
evolution would be effected at the ballot
'ox. A national debt may be regarded as
national blessing BY the Jay Cookies. the
'anks and the bondholders, Tor they draw
incomes from it but the people
will never think 60. Nor will the iine talk
bout national honor and the wonderful
esources fthe country reconcile the pub
ic to vast standing debt. Our public
men do not consider this. They follow on
ecklessly in the steps Of the monarchicai
md oligarchical governments Of Europe.
We have been ct peace nearly four years,
ct during the last year tho debt has been
increased forty millions. Though the rev.
nue. has been euormOus-six times over
that it was only eight years sgo-the debt
as been steadily augmenting from mouth
0 mouth within the last twelve months.
q all probability it will go on 90, or ut
sast will not be reduced; for, % We i..ti
'ated before, no nation has ever paid such
eDOEWOuS Q0Ot. True, there ia pr0at