| Show REDUCE THE DEBT tr A reasonably intelligent man heavily in debt but who fortunately is in receipt of an income moro than stifliciont to meet cT his current expenses would probably mc find a way to use his surplus cash in rocS ro-cS ducing his interest money or paying a d portion of tho principal The Government 0 Govern-ment has asm plus of income What top to-p i do with it is the question So far as 1 t0 5 legal tender bills are concerned they cal 0 for no interest and so long as they are 1 current at their face value and are c needed in circulation why redeem 4 b and retire them But there can boa bo-a refunding of the 738000000 oC a 4 j per cent bonds redeemable in 1007 into 2G or bI I per cent bonds by ante t V dating the payment of tho difference in 1r d interest between tho present and tho la proposed rate Tho surplus on ham l could in this way be legitimately used to d lessen tho debt so that this nation would c bo paying less interest than any other on c ita indebtedness It would not be neces c 3c nary even to incur the expense of issuing now bonds at lower interest Before resigning 4 re-signing his seat in tho House Hewitt introduced in-troduced a bill providing for pro C y paying the interest and stamping upoi the present issue of bonds the lower rate of interest These bonds are I I mostly hold by banks and other corporations d 1 corpora-tions as permanent securities for Specified and continuing purposes Drawing lowe r ictj c interests they would subserve the same 1i l purposes equally well cL So long as we can reduce tho Nations 1W 1t7 debt or appropriate needed millions to s remove tho burden of illiteracy which Ut 4 rests like n cloud upon tho Itepublic let J I us not worry ourselves unnecessarily I over surplus funds |
