The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1871-04-15
PAYMENT OF the national Debt.

says the Louisville Ledger We wonder
If 1t will be possible for a Radical orator to |
make speech on any subject, or in any /
place, during the next two years, without /
claiming great credit for Mr.. Grant aud the |
Radicals for the payment of so much of the |
public debt 1t is the one sweet moTsel |
that is now rolled under the tongue and |
out from the lips ofevery man who attempts |
to make a speech in favor of the passage Of !
any Radical measure, or the perpetuation |
of the rule Of the Radical party. If Mr. |
Grant is charged with nepotism, or with
what IS worse, the disposition Of offices in
his gift tor gifts bestowed upon himself the
defense is Immediately set up that Mr.
Grant to use a choice Radical phrase, "bas
been wiping out the public debt at the rate
Of several millions of dollars per month
Admit the fact that there has been q can
collation. Of some Of the bonds of the Gov
ernment, does that reflect any special credit
on MIR Grant? 1t is self evident PROPOSE
ton that the financial well being of this
country depends upon the speedy payment
Of the public debt? We think the very re-
verse Is true. Only a certain pressure can
| be laid upon the people of any country at
any time without crippling the industry
and reproductive energy of that country
Beyond all doubt this pressure has been
doubled IN oppression iii order to produce
this surplus revenue with which Mr. Grant
has been paying the debt 1t has crippled
already the industrial and commercial pros
| perity Of the country and all branches Of
industry and trade are proving it. 1t can
not be endured much longer without par
! alyzing business everywhere The com
merce of the country cannot and will not
stand much longer the drain of five hun
| dred millions OfdOllars per year, the amount
! that Mr.. Grants administration has been
| drawing from the people. If it is discon-
! tinued of necessity, as it viii be, then the
| praise bestowed upon Mr.. Grant is entirely
superfuous fit is not discontinued, there
will come such financial distress and ruin
rs Will bankrupt the entire nation. Mr.
| Morton and the adherents to the Grant
! dynasty may ring out this payment of the
/ public debt now as a special virtue, but the
! people from whose bones and sinews come
! the money, Will not willingly bear the
burden for his praise any longer. If the
! friends Of the President wish to make fair
sailing for their favOrite for the next two
years, let them tell the people that the tariff
tax is being decreased; that the odious in
come tax viii be abolished; that the actual
| expenses Of the Government shall be re
duccd to the old standard of economy be-
fore the war Let the people feel that this
is true, and have the proof in their tax
receipts, that they only pay a moiety Of
what has for the past few years been an
nualiy wrested from them by distress and
sale, and they will believe in Mr. Grant
and his party. But the common sense of
the people cannot be humbugged into giving
great credit to the President for taking
money out of their pockets to pay the public
debt, and it is high time that this shallow
appeal be discontinued.