Lexington weekly intelligencer., 1882-04-01
NO PERPETUATION OF THE NATION
AL DEBT.

l
somewhat of politician. and, withal, q
pleasant gentleman, but when he tries
!, to pledge the democratic party to per-
petuation of one billion dollars of the
!. national debt, either directly tor the
benefit of the national banks or for any
other purpose, he undertakes contract
which he cannot carry out.
We are perfectly willing to admit that
the world moves, aud that those who
stand still are passed in the race of lite,
wksaher it be political, commercial, So
cial or religious life. but we see no pro-
gression in indorsing the bad positions
taken by the republican party in order
. to dodge the epithet Of Bourbon. No /;
} we prefer to repel it. 1t there are any
Bourbons left IN this country they are
republicans and not democrats. Your
stalwart radical who still thinks ex-
rebels move about with horns and split
hoois, that ''the south" is his legitimate
torsging ground, and that it is treason
able in it to vote anything but the re-
publican ticket, is, We take it. the Rour-
bon OF to-day. Democrats, OIL the other
hand. are progressive, up with the times.
and anxious to lot the s'dead past bury
its dead"
Take Kentucky with her immense
democratic majority. She is out Of debt
and prosperous.
Look at Missouri with her fity-thous-
and democratic majority! See how
she has been reducing her debt; how she
has brought her credit up, her bonds.
which were worth bnt 20 or 80 cents un-
der republican rule being now thirteen
and half cents over par. and her last
loaa having been made at 8 per cent.
interest inst cad of the high rates Of inter-
est paid by the republicans when in pow
or. Aud, while she has been reducing her
debt aud her interest charge she has 20
managed that she has the second largest
state school fund in the United States.
Observe how she has during the past
decade outstripped in growth Of wealth
ami population her republican neighbor,
Illineis.
Lock at Georgia. Where else in the
country are manufactures growing with
such giant stridesp While the LOwells
and the Linns arc at stand still or reced.
ing her Atlanta and other manufactur-
ing towns are striding to the front with
no infant wall for protection, but with
the manly declaration that they are anx-
ious to have all restrictions put away.
and are able to compete with the world.
Conside: Texas, the Lone Star State.
the empire in itself, where opposition 10
democracy is SO small as to araouss lit
orally to nothing! Sec k.er prosperity!
Free from debt, with q schsol fund un-
rivalled by any republican state in the
union' conssrvatlve in her legislation,
but VIDE awake to all her interests.
Were is the republican commonwealth
that eau compare with her as to pro-
gress aud eaterpsise
Take the whole south look at Il! Ca
daverous Yankees who couldn't raise q
fifty pound weight from the floor il
their lives depended on It. sit in tariff
furnished parlors and write about its
Incidence and.its ennervation, when It
Eexports more produce than any other
one section of the country. and more in
dollars and cents per capita two 70 one
than does any other section.
No; Mr.. Watterson must be critical of
the enemy and not hypercriticsl Of his
friends. 1t is libel to stigmatlze demo-
Gratis rs Bourbons. They have not only
forgotten. the. past ba. have learned
much for the future. They are not tied
down to the antlquated doctrine Of pro-
lection, nor do they believe that all the
wisdom in finance tell upon the should.
ers OF the republicans when they devised
the national banking system. They
have their faces to the morning-the
glorious day-dawn when there will
be NO more debt and no more interest to
pay upon 1t. Their earnestnsss in the
desire to pay of the debt as quickly Is
possible is evidenced by their willing
ness TO be heavily taxed for few years
for that purpose. Mr.. Wattersol mis-
takes tho temper of the people If he
thinks they will suffer any party to stand
in the way Of this desire. Mr.. Sherman
appreciates this, as his recent speeches
fuuy indicate, and there is not q shrswd-
er old political weathercock in the
country.
1t Is true that the republicans institut-
ed the national banking system, and
that they have. to certain extent, been
sustained In the measure by the popular
voice. This indicates that the people
are not hostile to the banks as banks,
possibly net hostile to them even as
banks Of issue while the debt continues
from natural causes. Even this is
doubtful, however, for the issues which
have heretofore been presented In the
north have been pure and simple war
issues and not economic ones. But even
couceding that in supporting the repub-
can party the people supported its iinan-
cial policy, it still remains true, that
they never did and never will support q
political party which has Tor plank in
its platform the perpetustion OF any part
OF the national debt.
Mr.. Wattarsea has very properly soold-
ed democrats who we're wrong on the
tariff. We now take the liberty to scold
him, and to tell him that he is out of
line, and that the sooner he dresses up
into his place the better for all con-
cerned.
The Intelligencer is not a grsenback
organ, either. but believes coined gold
and silver to be the only constitutional
legal tender money, but it also bellev es
that the government has the right,
, which was often exercised during demo-
: cratic ascendancy, of issuing treasury
notes receivable for all dues to the gov.
I ernment. 1t further believes in free
3 coinage of gold and silver; in the speedy
8 payment OF the national debt, and it is
a not Bourbon enough to think that moth.
ing can be devised which may be a SUBJ
stitute for national bank notes. On the
u contrary, it has faith enough iu the