The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1869-10-07

Is utterly unworthy the trust and conf
dence of great, intelligent, and honor,
able nation and must dwindle away to
nothing, as the due reward of its own
iniquity.
1t is very true that but for our great
debt we should be still more prosperous
than We are now; that it is burden we
all acknowledge. But its very existence
is due to the aid rendered by the Denaoc-
rocy to the late rebellion, the same De-
mocracy which now drags along its exist
ence In denunciation of the debt whic h it
contracted. 1t was a Republican gov
ernment which crushed the Rebellion
and saved the cause of progress and true
liberty, and it must be the Republicans
who will so administer the Government
as to pay that debt in the earliest manner
and cheapest and best way for the people
and to the lasting honor of the Nation.
We do not wish to be understood as
saying that it was Republican voters
alone that sa ged our country and over
threw the rebellion, but we are sure thai
every one of the brave ''soldier boys
who placed themselves as a breastwork
between our country and destruction, is in
favor of paying every cent Of the nation S
/ debt and of maintaining its honor not
one Of them wants to see our country
| disgraced and brought to ruin by the
repudiation of our debt and can they
but see "the posi- ton. we are sure they
will see through the 'blind" practiced
by the late Democratic Convention at
Milwaukee The ''blind" spoken of is
exposed in the Sentinel of recent date,
which says: "As the Wisconsin Democ-
racy. in humble imitation of their breth-
rem In other states, declared in favor of
payingthe national debt in strict accordance
with the terms of the contract with the
creditors of the government, but utterly
! failed to state what those terms are, the
Neacs, as the leading organ of it's party,
comes to the rescue, and supplements
the platform by constituting the contract
It announces that s'the law of 1862,
authorizing ,he issue of legal tender notes
expressly provided for the payment of
the debt with these notes" We have
now the opinion of the Madison Demo
crat and the Milwaukee Ne,cs that these
are the terms of the contract. Perhaps
we may safely infer that the party is o.
the same opinion, and yet it is pity its
convention did not say so, especially as 1t
was such an easy thing to do.
| We believe it j. entirely safe to assume
that the Wisconsin Democracy favor the
'paymcnt' Of the $50 bonds i'll green
backs, if they favor paying them at all
That is, they favor partial reputation
Senator SIMMER forcibly says Of this con
struction Of the act of 1862 that it is a
device ito pay bonds bearing interest
with mere promises not bearing interest,
violating, in the first place a rule Of hon
esty, which forbids such trick, and IN
! the second place rule of law, which re
uses to recognize an inferior obligation
as payment Of superior Here in plain
terms is reputation of the interest and
indefinite postponement Of the principal,
This proposition, when first preached
contemplated nothing less than an indef
mite issue Of greenbacks, flooding the
country, as France was flooded by ossi;g-
mats, utterly destroying values of all
kinds. Although in its present more
moderate form it is limited to payment
by existing greenbackS, yet it has the
same injustice. Interest bearing bonds
are to be paid with non-interest- bearing
bits OF paper. The statement ofthe case
is enough. Its proposer would never Go
this thing in his own affairs, but how can
he ask his country to do what honesty
forbds in private life p
But why does the Pilot charge our
general Government thus wrongly and
maliciously, when it might accomplish 50
much real good by telling the simple
truth about our Democratic administra
tion at home in our oaon county? Why
don't he tell the people of Manitowoc
| that two-thirds OF our annually increasing
taxes are paid out to useless officials fol
useless services, or no services at all
used only as corrupt party who knows
how to use money that it goes in a
thousand illegal, innumerabe and dis
honest ways, and still the taxpayers of
the county quietly submit and pay p
| Why don't he acknowledge that this
state of things will last just as long as
the Democratic party is in power and
no longer?" why does he not go in for a
change Of rules here when 1T matters not
what party succeeds to power, as it can
MT be worse than the Democratic" Why
will the Plot never behold the bean in
its own eye?" Why2 Because he is one
of and with them.
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The monthly statement of the debt
for the seventh month ofGrant's admin
isiration shows very effective "pegging
away " at the public debt. 1t has been
,o,l,,o,J 1rr,py tba }a-f month hv S7 dST-