The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1872-10-16

ed, a Democratic administration, with
Mr.. Greeley at the head of it, would
speedily establish peace and order?
answer: The one thing to which the
party prosposing to elect Mr.. Greeley
is pledged more than to anything else,
the one thing in which all the support
ers of that nomination are agreed, is
that there shall be no more interfer-
ence of the National Government for
the suppression of any disorder in the
reconstructed states, or for the protec-
ton of the freedmen, to whom the
faith of the nation is pledged by the
act which made them free.
The second Of the four great ques-
tions that rise above the Lowell Of what
we commonly call politics is the ques-
ton of the public debt. A few years
ago there was a cry in the Democratic
party for the reputation of the debts
contracted in the war against seces.
sion. Another portion of the party
was for paying interest and principal
in nothing else than irredeemable
promises TO pay as if a man, having
given to his creditors notes of his own,
payable at a definite time and on in.
terest till paid, should propose to pay
by giving other notes to the same
amount, payable at no definite time,
and with the understanding that they
were never to be paid except with
more notes of the same description.
The policy of the Republican party
Notwithstanding the demagogical at
tempt of Gen. B. F. Butler) was for
paying the national debt, interest and
principal, to the last cent, in gold and
silver; and under the pres mt Admin
istration not only has the interest been
paid in good faith to every bon6hold-
er, but the principal has been paid of
at the rate of S100,000,000 each year.
Consequently, the credit of the United
States stands high to-day in all the
markets of the world, so that, as the
successive portions of the great debt
become payable, new bonds, bearing
lower rates of interest, can be substi.
tuted, dollar for dollar.
Suppose, now, that in the coming
election the Republican party is de-
feated. What will be the effect on the
public credit. e., on the price of
United States bonds in Wall Street, at
London, at Franiort? l say nothing
about Mr.. Greeley's peculiar theories,
such as his plan for resuming specie
payments by making an effort as the
moribund Mrs. Dumbey was exhorted
to do; for at present | am considering
not the candidates, but the parties. |
do not impute to the Democratic lead.
ers an intention to repudiate. Their
platform (though l have only the
slightest confidence generally in the
unmeaning and often dishonest plati-
tudes set forth as party platforms)
shows plainly enough that they know
the temper of the people to well for
that. But what is it that the Southern
supporters of Mr.. Greeley are expect.
ing? What is the consideration which
has made them willing to "clasp
hands" with him lover the bloody
chasm?" Bring the Democratic par
ty into power, aud let its majority Ia
Congress be dependent on Southern
votes, and what will the demand be
for indemnity to those who, in the late
"unpleasantness" were on the losing
side? Shall we add an untold sum to
the national debt by way of compensa.
tion to the owners of slaves whom the
war emancipated? Shall we put For.
rest and Semmes and the other sur
vivors of the late Confederate Army
and Navy on our pension rolls? Al
ready the possibility that the Demo.
cratic candidate may he elected is be-
ginning to affect unfavorably the busi
ness interests of the country. If
that possibility should become fact,
the next day would see the bonds of
the United States deprecated in all
the markets of the world there would
follow a corresponding increase in the
value Of gold, as compared with our
paper currency; all commerce, foreign
and internal, would be embarrassed
by the mutation of prices; all indus.
tries would share in the embar.
easements of commerce. The farmer
WoulG find the higher prices of his
products more than balanced by the
higher prices of everything he wants
to buy; and the laborer, with higher
wages, would find it more difficult to
provide for his wife and Children. The
burning of Chicago, in 1871, was
national disaster; but the restoration
of the Democratic party to power in
1872, under the leadership of MIR.
Greeley, might cost the nation more
than all the millions that we're annihi-
lated at Chicago.
The third great question is that of
Revenue Reto1m-in other words,
whether taxes shall be imposed sim
ply for the purpose of bringing money |
into the public treasury, or also for
the purpose of restricting the natural
RIGHT Of every citizen tn huv in tha |