OCR Text |
Show EXPLAINED. The Tribune this morning givei its reasons for saying that had Secretary Manning been at the head of the Treasury Treas-ury in 1865 he would have repudiated the national debt. These are its reasons : Tee DnirocBiT is anxious to know why we think that had euch men aa Secretary Manning Man-ning and Ex-Secretary MoCulloch been in charge of the Treasury in 1865 the national debt would have been rupndiated. Simply for the reasons that, first: At that time a great many people thought it would be impossible im-possible to ever pay the debt and advocated repudiation, and it required immense pluck to begin the fearful task. Second: because with a treasury groaning with money and with millions being added to the pile monthly, the present Secretary, aa the -becretary did, refuses to buy a bond. ! That is no reason at all, and' because j many men were in favor of repudiating J the debt in 1SG5 is no reason in the world I for believing that the present Secretary of the Treasury would have been among the number. Nor is it any reason for so i charging him because he refuses to buy : any bonds. The Secretary seems to have j some pluck even in these degenerate i days, and the probabilities are that he would have had it in 1865. We are not ' quite certain that the Treasury is being I run in the interest of the national banks, ' but if it is, it is wrong, no matter whether it is so run by Democrats or Republicans. We fail to see wherein there is any connection con-nection between one of Vice-President Hendricks' speeches of list summer and the charge against Mr. Manning.' Mr. Mr. Manning is responsible for himself and not for the Vice-President. The Tribune's explanation is very clear and satisfactory to it, but not to us. |