The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-11-19

Il at the Brokers' Board In New York All the
bonds ami greenback promises u pay dollars now
outstanding 40 not represent tangible property or
means owned by the government. but property In
tue possession OF the people under LIS jnrsdl Ito
and IRON which ali this waste must be reproduced
again and the value restored IN order 10 bring ~
10 he specle standard and enable To pay the debt
In snort the debt mast be paid from the earnings
anu incohle 81 the people IN some form OF taxation
u oe ehOieel by the government.
~ "s5 fortunate that the debt during the war and
since was distributed TO a large extent among all
GLASSES o. people. In tact this was The only way IN
Which tnc tesoarceS necessary TO sustain the war
could he obtained. The legal tender notes were
PAID out ana distributed 20 the army aud navy anu
Tor supplies and material OF war. Certificates OF in
ueptedncss aud Understanding Treasury notes
Were also pai out 60 contractors and Others. The
loahs were negotiated by direct appeals TO The
people W supscr b ia large and small amounts.
Inc great BODY OF The people IN the loyal States
LOOK UP the loans, and became directly in
the great diffusion OF the notes, bonds and
certincates all over the country was the only
way III WHICH the enormous debt 50 suddenly cred.
ueu coulo pe carried through 20 the close OF the war;
Inc greenDack notes were very popular among the
people. twas u currency IN daily use, Uniform III
value, ana passed freely In every state. lt was the
peoples loan TO the government without interest,"
ana was az the same time adyant ageous 10 them
pccause ~ was money IN al busiae ~ TRANSACTIONS
~ nh'nchi1tely became the peoples war; All be-
Came pecanafiy interested In It's success and they
iarnshed me means 10 carry IL on. The crushing
OF the rebellion was the peoples triumph and The
people VIII IN due time pay the debt and thereby
preserve Jne honor and good faith OF the nation.
consequent upon the prosecution OF the war, the
nation was, az us close still possessed or great
power ana resources and the material interests OF
the Nofthefn and Western States were still i'd
vancing. ihey continue 10 advance; and now that
peace ana order are restored, and the whole coun-
Ty North aud south have % common interest and a
common DESTINY, WAL continue TO advance. There
IS RAPID Increase OF p1puiation; new neids OF
terprse are continually opening addIug new
strength ana ability 90 the people TO work back
the spe ie Standard and ultimately pay, without
embarrassment, every dollar OF the debt incurred In
maintaining the national Union.
To make TINS more plain the Following estimate or
the increase OF the population OF the United States Is
submitted
According TO the rate Of increase in past years our
population Will advance In the following pro or
tlon:-
In ls70....... AZ, 600 900 In 1900 1913 900 600
In 1880. Sc 500 900 In lgl0..... I33,y00 900
In 1890. 16,50DOD0
The vast means for prosecuting the war to a sue
cessirl issue were furnished by population not
over 20 0oo,00a The population subject co the jurs-
support IN 1870 Will be double what Ii was in 1902
The resources OF the country VIII increase
with as great rapldity It's population.
New and Improved systems OF communication
are expanding IN all directions; the Atlantic ana
Pacfc slopes Wit very soon DO bound together by
iron bands "Across the Continent;n the mechanic
arts, improved machinery, with agricultural, mine
raj and commercial faculties fully developed, will
carry the nation rapidly forward in power and re.
sources tlat nothing need prevent the government,
II wisely and economically administered, from re.
firing the legal tender notes within reasonable
time ana as early as the year 1900 pay the last dollar
OF the debt incurred IN crushing the greatest rebel
lion known In the worlds history, and without re-
tardlng the growth and prosperity OF the great re-