New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-05-06
TIE NECESSITY For THE TARIFF.

IN sort OF circular letter addressed tt
John Bright through the columns of The
EN!teti92, the English statesman is first in.
formed that the United States has the
interest On bonded debt of twenty-three
hundred millions TO provide for every
year, besides defraying the current ex-
penses of the government. he is at the
same time asked to lament, not the exist
ence, but the necessity Of the American
tariff. While acceding to the zecommen-
datlon Tor lamentation, and approving the
object stated as TIE correct one, we dis
sent, by authority, from the amount to
which the EnHetin has attempted to exag-
gerate the public debt. The total debt,
less cash in the treasury, is about two
thousand millions. but this is not all
interest bearing. Four hundred millions
OF greenbaclss are out. which bear no in
terest. There are also some eighteen mil
lions OF gold certificates payable on de-
mand, which are also non-interest bear
ing. There is, notwithstanding these
items, vast snm to provide every year,
and it is not of vital Importance to prove
that the B'dla.a has nisstated it about
five Or six hundred millions, and swelled
the necessary estimate fo- annual interest
IN proportionate am cunt. But it is OF
some importance TO ascertain exactly what
agency, fault, blunder or crime it was
which created tie necessity for q tariff
high enough TO discharge the heavy an
nual payments. To what Influences are
our thanks d-e to- entailing a burden
upon US which al concede to be onerous,
and which a small circle of dishonest poll
tlclans propose to ignore by reputation?
While, therefore, Mr.. Bright is in the
lamenting business, let him 60 about in
telllgently. Ee can raise as much grief
over deb. Of one thousand millions as
he could over the greater sum enormously
proposed as the task for him by the Bu!-
le.n. 1t IS no. the amount involved SO
much as the violation Of principle which
viii set the tears Of the Manchester states
man to flowing and the Bulletin 20 weep
ing in chorus. TIE debt of the United |
States represents the folly and wickedness
OF the Democratic party in attempting to |
break up the Union and grasp the sceptre
Of empire en- this continent from the !
American people. The whole of the
blame rests upon the party Of which the
btl(e:i1a claims 70 De the special and al
most exclusive champion IL this city,
While the penalties OF the great crime
all on the whole nation, innocent and
guilty. For q Sout bern Democrat. az
-vowed friend OF the cause which s7lc-
'umbed th1eadbare al Appomattoz to rail
It the necessity tor TIE tariff is like dis
equitable member whose crime had in
posed tax upon his family, to blame the
innocent brothers for the necessity for
he outlay. AIr. Bright will, therefore.
lease to remember which section Of tie
ountry and which political party is re-
ponslbie for the tariff. The victors in
be fight not only forSaye ell offenses but
ore more than their proportion Of the
'sses, And yet the only complaints We
ave heard comes from the party and the
ection who should have paid them all.
'et John Bright correct the B.Ale,'ns
cures and lament on cur basis,