New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-16
NETWORK DAILY TRIBUNE, FRIDAY, NOVEMBER IS, 1877.

length. A government or an individual hav-
ing incurred pecunary obligation, for which
n promissory note has been given, the
only sensible way to pay the note Is 10
give another; The only way to redeem
the promise is to take it up and issue another
lust like it in its place. And If the debtor mas
in moment of inadvertence or weakness,
given the note date, and fixed time when
it shall be paid, thore Is no ques-
ton as to the debtors duty. so soon
rs he shall come to himself aud the
exercise of business common sense, to
scratch out the date and let the note run
without interest in the old way. Nor can
there be any doubt as to the duty oil man
who owes dollar, and has the opportunity
and the power to pay the dcDt "lCi
% cents. The plainest principles OF Dusiiies'
common sense teach that the whole duty Oh
man lies in saving eight cents on the dollar
at every opportunity. This is the new mans
poIitical economy and craftsmanship, and the
wonder TO him is that anybody can have the
brazen audacity to take any other view
of the question. No wonder that 1t ex-
asperates him, and that he throws alolC
his arms aud shakes his tangled halr,
and bellows impetuOusly, when men
who profess to be well informed get up on the
floor of Congress and pretend to say that the
Government ought to redeem its pledges when
it has the power to Tepudiate them, or that 1t
ought to pay one hundred cents on the dollar
when it can, by a little legislation, fix it so
that % cents will 90 for a dollar. Nothing
could be more absurd 1t may be that the I'M
hanged scoundrels who have built up colossal
fortunes by punctuality and cxactness III meet
ing their engagements, think they can run
Government on that plan. But there are men
who know better men who know that success
in business depends on short weight, scant
measure, and n constant eye on the main
chance. The latter class have a majority in
the present C0ngress-stateSmen VINO VIII
listen to no nonsense about paying DEBT
that can be avoided and who will not allow
any suggestion of that sort to 90 unrebuked.
No longer ago than Wednesday OF this
week. Mr.. Chittendcn, of New-l York, drew
down upon his own head one of these we'll
deserved rcbukcs Mr.. Chittendcn, who from
having been brought up among people who lay
great stress upon the trivial matter of paying
notes, when they are due, at the rate OF
1OO cents on the dollar is perhaps eX-
cusable for the position taken. Lad the au-
dacty to say in the presence OF the represen-
fatiyes of the American People. that, in his
opinion, the Government having issued a
promise to pay a dollar should actually
paw 100 cents instead of o. 1t was
Mr. FELTON,, of Georgia, who burst upon
him with this stormy language: Look yondcr
Eat that stOrm-drivcn ocean; hurricane and
darkness are upon the deep, signal-guns are
firing every minute, ships are going down by
the hundred, thousands of precious lives are
"being cngulfcd and in the midst OF all the
"ruins there stands the wreckcr, waiting for
the spoils. and assuring those in per-
"H Of destruction that all these things
Will right Themselves No Tght-minded
man can read this without cXclaimiug at once
that it is one OF the most beautiful things that
ever came from Georgia. Nothing could be
more graphic. Though appalling it is plctur-
cSquc Could anything be more whitening
than this picture of Mr.. Chittendcn rs
wrcckcr, standing by the storm-driven ocean,
in the midst of hurricane and darkness and
signal guns, waiting for spoils7 Doubtless
Mr.. Chittendcn felt 1t so. Let other men who
undertake to say that it takes 100 cents to
make a dollar be warned by Air. Chttenden's
fate.
The winds are loose. Ninety-two cents make
a dollar. Notes are made to be renewed, not
redeemed. "Iumicane and darkness are upon
" the deep