Autobiography of Andrew Dickson White — Volume 1White, Andrew Dickson
History
Autobiography of Andrew Dickson White — Volume 1
White, Andrew Dickson
Cornell University; Diplomats -- United States -- Biography; White, Andrew Dickson, 1832-1918
Opposition came also from another and far different
source. There was then in the State Senate a Democrat
of the oldest and strongest type; a man who believed
most devoutly in Jefferson and Jackson, and abhorred
above all things, abolitionists and protectionists,--Dr.
Allaben of Schoharie. A more thoroughly honest man
never lived; he was steadily on the side of good legislation;
but in the midst of the discussion regarding this
great loan for bounties he arose and began a speech
which, as he spoke but rarely, received general attention.
He was deeply in earnest. He said (in substance), ``I
shall vote for this loan; for of various fearful evils it
seems the least. But I wish, here and now, and with the
deepest sorrow, to record a prediction: I ask you to note
it and to remember it, for it will be fulfilled, and speedily.
This State debt which you are now incurring will never
be paid. It cannot be paid. More than that, none of the
vast debts incurred for military purposes, whether by
the Nation or by the States, will be paid; the people will
surely repudiate them. Nor is this all. Not one dollar
of all the treasury notes issued by the United States will
ever be redeemed. Your paper currency has already
depreciated much and will depreciate more and more; all
bonds and notes, State and National, issued to continue
this fratricidal war will be whirled into the common
vortex of repudiation. I say this with the deepest pain, for
I love my country, but I cannot be blind to the teachings
of history.'' He then went on to cite the depreciation
of our revolutionary currency, and, at great length
pictured the repudiation of the assignats during the French
Revolution. He had evidently read Alison and Thiers
carefully, and he spoke like an inspired prophet.
As Senator Allaben thus spoke, Senator Fields of New
York quietly left his seat and came to me. He was a
most devoted servant of Tammany, but was what was
known in those days as a War Democrat. His native
pugnacity caused him to feel that the struggle must be
fought out, whereas Democrats of a more philosophic
sort, like Allaben, known in those days as ``Copperheads,''
sought peace at any price. Therefore it was that,
while Senator Allaben was pouring out with the deepest
earnestness these prophecies of repudiation, Mr. Fields
came round to my desk and said to me: ``You have been
a professor of history; you are supposed to know something
about the French Revolution; if your knowledge
is good for anything, why in h--l don't you use it now?''
Public-domain text, read in full here on John Shaqi.
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