Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-11-05
WASHINGTON, D. c., Oct. 30. 1860

''NAN'AAA-NSAO~Nf
Dear Journal Tho London Times in
an article on American finances, advocates
paying the national debt in gold, and
says: g BoutwelPs appeal for such pay
ment will earn him glory and patriotism.
The obligation cannot be put too simply
and markedly. It is q duty which America
owes primarily to her creditors The &C.
curity of the Americans public faith is OK
cellent, but their liability TO alter the
terms and contract against the will of the
creditors would render their best security
bad" No doubt Mr.. Boutwell, will feel
very much elated at the praise bestowed
upon his policy by the "Thuuderor." /
have not the slightest doubt but that the
course pursued by tho Secretary OF the
Treasury meets the views of for
eign bondholdcTs. We can dispense
with advice from the London Times
with regard 20 altering the terms Of
tho contract. We have the example Of
England in more than one instance bor-
rowing money at . high rate of interest
and tlon reducing it, considering that the
interests of the nation required it. pre-.
fer the practice Of the nation to the preach
ing OF It's press. \ much longer continua-
ton of Radical economy and Boutwell, ii
nanciering, VIC viii pay neither reduced
rate Of interest nor tho debt in either gold
or greenbacks.
General Butler is reported to have dc
clared himself in favor Of putting the State
of Louisiana under military control again
as the only remedy for its present lawless
condition. DR.. Ben. Butler don't like the
people of Louisiana. They did not take
kindly to his pilfering propensities, and
as they never omit to state how much they
despise and hate the brute, lie in return
would trample them into dust if he had
the power
TIE report of the Government Commits
sioners appointed to examine the Union
and Central Pacific Railroads is nearly
completed and will be submitted TO the
Secretary OF the Interior next week Sec
rotary Boutwell, has to-day refused to re
woke his decision not to allow currency
SKIES Pacific Railroad bonds to be used
aa basis for banking purposes, or III 9th
er words he will not receive them Oh de
post as o security for bank circulation the
same as Government bonds.
The cotton crop OF the Southern States
this year is estimated to be worth 1920, OOO,-
O00, while the total value of the exports of
the South IS set down ut 1925, 600, 900. Tho
South is actually richer than ever Wealth
is more generally scattered among the
many than before the war. 4 general pros
perity prevails, which if continued will
place the South, IN q very few years, far
beyond the hopes of the most sanguine Of
her friends.
The first batch Of the ROW one dollar le-
BARTENDER notes were issued to-day. They
are very well gotten W, decided improve
lGent over the old notes 1t is now ascGr-
tanned that the government has been
losing about $1O,O0O,OOO per annum
through frauds in revenue stamps
The frauds in counterfeit revenue stamp
does not amount to title of what is done
by washing them in q chemical prepare
ton which takes out the ink used in can
ceiling them, making them as good tn
new. This is regular business, and ST.
largely carried on that the difference be-
tween the sale OF stamps in the Unite
Kingdom in 1868 and in the United Stat as
during the same period was SIS, 373, Ar -
The revenue from the sale of staTu ns !,
the United Kingdom was 500, 225, z 20 OF
while for the same fiscal year the CniteC
States derived FROM the same sour ,e SIT
$50, 225 OF.
There is no doubt entertained that thC
Supreme Court Will be so recO ostrucfr,
this coming session of Congress that the,
will be pOwcrless TO interfe re- in thl
schemes OF the Radicals 20 InF jntain tbei
hold on power. With tho gu creme Cour
muzzled, or its powers taken away, foa
that any effort to regain on II rights anC
liberties must 'oe made outs ide the mode
prescribed j. the Constitu ton. Agains
fraud, '.ainy and force the DcmoCr&rJ
ate a"- LOST powerless, ana n ching Dut thL
Emo%'. earnest advocacy Of principles and
" Jrl at the elections VIII enable us 70
J overthrow the Devil lIadicalism ere it j.
g our masters, not for four years, but for al
I time.
a John w. Geary, the frltaldulontly elected
. Governor of Pennsylvania, and the EXecu
q tive Committee of the Union League, OF
: VII ich he is President, have been holding
4 a session to devise means to raise moueI
v to carry the elections in Mississippi and
e Texas. They have bled the otlice-holders
. in Boston, New York and PhiladoIphla,
s and now it is determined to apply thell
i Ieeches to the truly loil 1T the Capital,
n They have "douo it" to the poor CLERK
i in true highwayman style. Your money
s or your place ~ was the word, and thc poor
r devils who can barely live Oh their salaries
r for fear Of being turned out gave thai
Y which was waited for the necessities OF
Q life A cold blooded set of fanatical yam
8 KEGS who give nothing themselves, but who
= are the head and front in collecting from
: others, rule the different divisions Of the
d Departments, and arc the special favorites
: of tho Grand Army of the Republic and
v kindred associations, whose sole business
+ is to sneak among their fellow clerks and
;. spy upon their actions. Faugh you can I
realize how dirty, mean, low and cOntemp
tible man can be until you see him playing
: the part of tyrannical, bringing fanatlGal
Il sneak in the interest of Radicallsm IN the
n Departments in Washington, L have spe
y ciai reference to the Treasury and the syS
q tenn inaugurated by Boutwell,, through his
= particular friend Tullock, the late appoint
y ment clerk. Are these creatures, from the
. q Secretary down to the cheapest sneak in
= his employ, basely born, or is it the result
4 of contact with and imblolng the perm,
r cious and degrading doctrines OF Radical
r fanaticism ?