The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-07-15
From the INDIANAPOLIS IournaI.l

FINANCIAL e6gaflsY.
The SeatiRel gives ITS "reminiscences
of the State debt, with a convenient
forgetfulness Of the party that created
it as well as the party that plundered
the wrecks of it. The Wings OF 1856
were one thing, and the Republicans
of 1856 a very different thing, and as
we are concerned only for the latter,
we leave the former to as much beat
ing as the Sentinel chooses to give
them, merely c%autioning it that, like
Nasby's Deacon, it may be walloplng
a large quantity of family blood IN
the performance. A party, OF which
John s. Davis. David s.. Goodlng,
Thomas ID. Walpole, and THOMAS
Bowling were, or are, honored lead
ers. can hardly touch a Wing unklnd-
" without hurting himself.
When the Republicans are made re-
snonsible for the internal improve
ment system, the Democrats will have
10 shoulder the burthen of the food
and the potato rot. But the change
from Whiggery TO Republicanism did
not involve the Democracy. That
party boasts that it is aud the
same, unchanged and unchanglng.
We have a right, therefore, to hold 1T
responsible for the frauds Of 1913 to
1860. If it repudiates its past exist
ence, it may disclaim the crimes that
belong to it, but till it does, 1t shall
wear the brand of stealing the Geor-
gia land, and the swamp lands, and
laundering the school fund for the
benefit of its partisans. THE access
| sion of the Democratic party" iS
says, ITO power in 1843, changed the
whole face of affairs, and by a sue
cessful compromise with the bond.
holders, and sagacious management OF
financial affairs, the credit of the State
was ~resuscitated, and prosperity and
progress were restored"
"Sagacions management of hnan-
| cial affairs" is good. We have seen
the same sort of thing done frequent
" before, but we. never heard it called
by that name. In 1910 it was called
"swart wouting." 1t is called swim
ding now. Il was called convey
ing" by the wise" in Pistols time,
ment" sold 100000 acres of land for
81, 900, when a hundred times that
amount had been offered for them. Ii
took $780, 900 acres of swamp land IN
1851 and 1861, as DR.. Eddy proves,
hadn't left an acre of it to the State
nor a dollar to the School fund. 1t
was Merkle's =" sagacious manage
ment" that plundered the schools OF
$127, 600 at D grab. Was it Govern
or Wizards "sagacious management"
that put him backin the anne Office to
take more? 1t was ~''sagacious man
agement of financial affairs" for
James p. Drake and Nj. G.. Bright, to
get certificates of lands for work that
Colonel May had not done. It saved
their endorsement of Mays note, but
it lost the State the lands. Was that
what made it s%agaeious? When the
Wings issued State scrip in 1871 and
subsequently,, was it another display
of sagacity for the Democratic State
officers to redeem $4,000 more of 1t
than had been Issued, and was the
s'sagaeity" further manifested by pock-
citing the little difference? There was
''sagacious management" enough, no
doubt, about that-but somehow the
State never got any good of it. Dem
o%eratic officers became rich, operated
largely in dock sites, Jasper County
farms, and pine lands, and other eligi-
BILE matters, but the State has not a
copper to show for it all.
That successful compromise with
the bond holders" is another instance
of the same " sagacious management
with the same object. The bond
holders we're given this canal and all
the lands donated by Congress to
make it, in discharge of half our
debt. Now Democratic leaders are
working with every finger to make
the State take back the canal and pay
the debt in cash. The Democratic
candidate for Attorney General de-
clared that it was Is reputation to de-
cline to consider propositions to re
sumo the canal" Republicans have
fully and unequivocally declared
against this outrage, but the Demo
cratic leaders have got their fists full
of canal stock at a few cents on the
dollar, and they mean to bride
through a bill to perpetrate it and
make their stocks par. They can af-
ford to give a million dollars to do it,
and it will be done if they get a Leg
islature of their faith. And then we
shall see the grandest display OF "sa
gacious financial management ever
witnessed on this side of the Atlantic.
"Sagacious management" is apt and
good and we shall remember it,