Year: 1868

Jaeobin Platform declares that, as the
National debt was contracted for the
preservation of the Union for all time to
come, it should be extended over fair
period for redemption" and the rate Of
| interest upon it reduced whenever it can
be honestly done.


This Is ss definite as the description OF
the stone that was "abOut as big ss q
piece Of chalk" What is to be deemed


a fair period for redemption ~ As
the preservation Of the Union is for all
time, that may perhaps be the period
fo- redemption" The resolution is,
however, a declaration against any pres
snt or other than a remote attempt TO
pay the debt; and really means that it
is to be perpetual, like the national debt
Of Great Britain; which 1t unqnestiOns-
bly, must be, unless it is repudistedi or
unless it causes, as it is very likely to do
in the end, a division of the Union. The
people are to continue to be taxed as
enormously as at present, to pay the in
terest on IL, while, so far from diminish
ing, it will probably continue TO increase;
and the day when the rate Of interest
can honestly be reduced is very far dis
tant. The chief purpose OF the resOlu-
ton was to appreciate the value of IN
taxed bonds IN the hsASs OF holders In
the North, by guaranteeing that they
should not be called in until some unde-
fined time in the future, and that the in
terest payable In gold should not be di-
miuished. How acceptable this will be
to those who pay the interest, remains
to be seen, especially as this interest is
psid by the unconstitutional levy Of s
direct tax on incomes, by impOsts paya-
BILE in gold, and by stamp tax that fiEI .
no warrant in the Constitution.


The Sixth resolution enumerates { !
proposition that the best way to dimiD


the debt is to improve the countr
credit, so that it can borrow money :
low rates; and that this is not to be expe c
ed, while reputation, partial or tol P
open or covert" is threatened or s
BEGAC4s w Bo4A AOA 1hg N~ASAN~Ae@l
number of men threatened direct repu :
alton; snd the phrases partial or toe fl
| open or covert, must therefore be mes =
to apply to the proposition that the priDt
pal of the five-twenties is lawfully p; SC
able in currency. THIS, therefore, is c'
additional bid for the influence and Ct -
port Of the bondholders, 1t may
also, that it means that to tax the bonds
would be pro tant0 reputation. As to
the financial proposition, there is no
doubt that 70 bUrroW at n logcer rate OF
interest, and use the money in paying q
debt bearing higher rate, is to diminish
the burden of the debt; but the debt
itself will not be much diminished ty
the mere process Of borrowing. The
best way, the only way, to diminish that
would be to lessen the expenditures of
the government, dry up the perennial
springs Of corruption, increase the reve
nues, and with The revenues by degrees
reduce the Indebtedness. This the ne
cessities Of the party, uniortunsteIy,
make it impossible to do. Corruption
and extravaganza are the life blood Of
Jacobinism. With these it purchases
the votes that maintain it in power, and
4 it must say, upon any attempt at reform,
You take my life,


when you do take the means whereby live


The Seventh resolution pronOunces
that the Government should be admin
istered with the strictest economy; and
declares that the corruptious which have
been Sc shsmefully nursed and fOstered
by Andrew johnson call loudly for radi-
cal reform. This impudent pretence of
the party to the possession of economi-
cal instincts where the interests Of the
country are involved, reminds one most
foreibly Of Pollok's description of the
hypocrite:


"The Hypocriie had LEFT his mask, and stood
IN naked ugliness. lie was uiau


who stole The livery OF tAe Court Of Heaven
To serve the devil in.


II holy phrase transacted villainies


That common sinners burst not meddle with.
And none OF sin Iamented more. or sighed
More deeply or with ETaver countenasce,


or longer prayer. wept o'eI the Dying man,
Whose in fant children, at the moment, he
Planned how 70 rob


With one hand he put


A penny In the urn OF poverty.


Aud with the other took shilling out"


Jacobinism is the False Priest, who


"Swore


Away all love OF iucre, all desire


or earthly pomp; and yet g princely seat
H liked; and o the clink Of MammOus box
Gave most rapaciOus ear.
lie with untemperei mOltar daubed the walls
4 Al WI hEr
He was a wolf in clothing Of the lamb,


That stole into the fold OF God, and on
The blood OF souls, when he did sell TO death,
Grew fat; and yet, when any would have
Him out, he cried, "Touca not tha Priest Of
And that ne was anointed, fools believed;
But knew that dpy he was the DEVILS Priest,
Amounted by the hands OF sin ana Death,
And set peculiarly apart for H.


The Eighth resolutionsrecites the high
crimes and instantaneous of Andrew
johnson. With what propriety a reci-
tai of these, even If it were as true as it is
false, is Incorporated into a platform or
declaration of principles, we utterly fail
to see, unless it is meant to read out of the
party the seven Republican Senators who
voted for aequittsl. Nor should we have
supposed that profound regret for the
death of Abraham Lincoln was a neces-
sary plank Of such q platform.


The Ninth resolution pledges the party
TO secure to naturalized citizens all the
rights Of the native-born, and no longer
to permit the doctrine of perpetual alle-
glance to be held anywhere. There is
nothing in thst, we suppose, peculiar to
Radicalism, for the Government has al
ways been bound, in honour and good
faith, to protect its naturalized citizens,
the Constitution making no difference
between them and those born on the soil.


The Tenth guarantees the payment of
the bounties and pensions given by law
10 the soldiers and sailors of the Union,
their widows and orphans. AS no one
has ever proposed to violate the faith of
the nation in this respect, or advocated
ingratitude to those who have shed their
blood in the country,s service; and as
the Democratic party will cheerfully
rive the same pledge, and has never re-