The daily gazette., 1882-04-11
TUEsHDAX. APRIL IN. lsss.
THa sl.aOC, ,OOO .OOO which vsIgl


thia country some Of the newspaper
= writer's seem TO regard a. q very light
matter. 1t so happens that these peo.
pls have but little 70 struggle with.
They are generally found to be folk
that are apt with the use Of the pen OF
pencil, and fud 1t easy to make q
tolerably fair salary to give them a
oompetency, and find it to their ad-
vantage 10 treat all such grave quAs-
tions Is paying heavy debts with g
llght-hsartednes that would make
most sarions and refssting people be-
lisvs it wcro all the same to them
whether debts were paid with money
or BY petition to the Court of bank
ruptcy. Nut unfortunately there iR
NO Court OF bankruptcy TO which the
nation can apply. The people, there
fore, who compose the nation have to
bare their shoulders to the work and
produce money, or moneys worth, to
pay the debts Of the nation, and hence
the gravity Of q debt Of 81. 800, ,OOO, 900
should never be lost sight of. 1t
should be extinguished as rapidly as
possible when the times are propltious
for getting rid of 1t. The payment of
every dollar of it is bequeathing that
dollar to posterity. It il great mort
gage on the land, that can only be got
rid Of by paying It of. There is no
Disgusting the fact it acts just as the
mortgage on your house the interest
Of which has TO be paid at the expira-
tion Of three or six months. You
know what that means If it is not paid.
The neglect Of it means that the farm
iS sure to 60 into the hands of some
one who has money. Aud SO the lands
OF this country will go into the hands
OF great capitalists unless the debt is
paid, when opportunity offers. I'm
fortunately our Congressman are too
much given to the love of wealth and
wealthy society. They have been
saying they care but little for the
voice Of the people, and would add if
they dared to assert it, their votes. Now
In he time when the debt Of the ma
ton should be paid. Every dollar Of
1t that is paid is a relief to the land
and land without debt is worth double
what land is with debt upon it.
You may remember your rich neigh.
Dor who had splendid farm a few
years ago. There was not dollar Of
debt upon it. It's owner rejoiced in
Its crops and the high figures every
acre was held at but unfortunately
he looked with longing eyes upon the
farm adjacent, and was captivated BY
the idea of adding IL to his homestead
With the idea that the price would &c
mp higher he gave way to the idea
vision Of wealth that two such farm,
would give, and mortgaged his homs
to enable him to buy that of hi
neighbor. Alas, for human iudg
ment. Black Friday came round-tb,
purse strings at Washington ver,
drawn tighter; the circulating medi
um Was contracted, and no none,
could be borrowed; not even enough tc
pay interest. Five long years rolled
round and still the contraction con
tinued-the circulation that had beer
81, 300, 600, 900 was reduced to $7OO..
100000; and the result was bott
farms did not bring enough under the
Sherift's hammer to pay the mortgage
and our wealthy aud most excellenr
friend was stripped of all he had il
the world.
The debt Of the United States will
act this way always. We have nov
nOurishing times. But 1t arises from
eo-incidental causes and Gil cum stance,
over which men had little control. Il
IL merely the effect of the sale of oul
products to the starving people O
Europe. We have no pleasure i,
detailing lhese circumstances. The,
are not imaginative--they are real
You begged and begged of friends tc
sell part of their real es ate for Wba
1t would bring and pay their debts
Dat to all entreaties the reply cam,
they "could not make the sacrifice /,
Too soon it was forced upon then
that the time had passed and ever,
piece Of property sold for less than it
mortgage. This is part and parce
OF the debt system. Its aim is to pu
up that 1t may put down. Since tn
days of the Pharaohs it has been sc
The only interval aas that which fo
lowed the ever memorable period @
1776 and 1e12-15. Patriotism an
Statesmanship then meant benefit +
the people. Statssmanship now seem
to be to aggrandize the few at th
expense Of the many, and the creates
help to such craftsmanship is tn
$3.50, 600, 900 which now tends to de
stroy the indept n 1ence Of the yeomanr,
Of this great Republic. On no pre-
tense and for no purpose should ;
people who value equality and self
government allow debt to exist an,