The New York herald., 1871-01-12

she may be in other respects, in the world.
She buys up her debt in detail, not out of
taxes imposed for the purpose, but out of the
extra product of wisely considered taxing
system, which every year brings In more and
more, because the business and income of the
country grow every year. Under this system,
while constantly relieving the public of bur-
dens, she has paid off in fourteen years four
| hundred millions of dollars Of debt. The
principle Is plain and simple one-to take q
certain small margin Of the inevitable increase
of the country wealth to pay OF its debt. We,
on the contrary, are cutting into the very body
Of the country to do IT.; and, as it would be
easy to show by q balance-sheet drawn up,
increasing the debt substantially, not dimin-
ishing 1t, as we have before insisted, and
shall never cease to insist. II is
not necessary to dwell upon the gigan-
tic political evils which accompany this
mischievous finance. A great statesman said
once that ''dnance is policy" Wrong money
dealings infect life, private and public, and make
it unwholesome all over. Our gigantic taxing
system is a great carcass that invites human
vultures in myriads to prey upon 1t. We leave
alone that point just now, for we want to con-
centrate attention on the single point of money
loss, which is heavy enough In all conscience,
| or out Of all conscience rather. We hope and
believe that the people will soon make an end
Of all this. The principle Of paying off debt
out ofinevitabis increase Of public wealth 10
applicable to no country SO decisively as to
| this, which must in the physical nature of
| things, be in few years so much richer and
vaster in population than now. We trust that
this will be felt at once in the proper quarter,
and that this nonsense Of killing the goose for
the golden eggs will be stopped. Leave
| hundred millions more in the pockets of our
industrious people, and pay debt gradually,
| If 1t must be paid before it is due. 1t is not,
however, considered good policy to do this
in private life; why should it in public? The
prsverb says that there are two bad pay
masters, one who pays before the time, and the
other who does not pay at all. The proper
medium for 9 nation, perhaps, is to pay out Of
increasing resources. Let US adopt it without
delay Our toiling millions require that bare
justice at the hapds of those who represent
them, and they will have it. ~
The St. Domingo Resolution Passed-The
Commission.
The ST. Domingo, or Dominican resolution,
as adopted by the House, was concurred in
yesterday by the Senate, after discussion of
severaDhours, in which the implacable Sumner
and intractable Carl Schurz were most con-
spicuous and ferocious on the opposition side.
We presume that General Grant, in the
appointment of three commissioners author
lied to 60 down to St. Domingo and look into
the history and condition, political and social,
and into the resources and products and
everything connected with the republic of
Dominica, in reference to the expediency of
its annexation to the United States, will lose
no time, but will 'strike while the iron is hot"
and send off his men at once. 1t Is rumored
that the stanch and trusty ''Old Ben Wade"
| is to be at the head Of the commission, and his
appointment, if made, will give general salts
faction. We suppose, however, that this ru-
NOR is mere conjecture, though sometimes
mere conjectures prove correct. In any event
it seems to be understood that the commission
is to be expeditions in making Its inquiries and
in returning with its report, so that, if posi-
BILE, its report-whieh will doubtless be In
favor of annexation-may be submitted for the
action Of the present Congress, which expires
on the 4th Of March next. Failing in this, we
presume it is the desire of General Grant to
have the commission back again in season for
the first session Of the new Congress, which,
unless otherwise ordered by new law, will
meet on the 4th Of March, with the retirement
Of the present Congress. To aid the Com
mission and the public generally, we
have had prepared, and publish this
morning, map showing the proposed
territorial acquisition. 1t is probable that
unless this St. Domingo question shall come
up in the form suggested this first session of
the new Congress will be very brief whereas,
with the question before the two houses in q
message from the President we may have
session of two or three months duration, end
ing with the annexation Of Dominica and bill
for its government as Territory of the United
States.
A PIRATIcAL PLoT.-Our correspondent
at Aspinwall sends US the particulars
of plot arranged among the Cubans
of this city to embark On board the
United States mail steamship Ocean Queen,
on her last voyage to Aspinwall, over two.
hundred Cuban recruits They were to have
gone as steerage passengers, and after getting
to sea the ship was to have been seized, and
the notorious Colonel RYAN, who was IN