Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1865-09-21

favor Of it, therefore he is in favor of
giving the negro VOTE" This is not
near so logical as 1t would be for us to
say: SAMPLE CLARK says Gen. Cox is
in favor of negro voting, because he
has said that if it was to the interest of
the country to give the negro vote he
would be in favor of it, therefore SAM
PIE CLARK says it would be to the in
terest of the country to give the negro
o vote.
Another Of his deductions we will
notice, and then leave the "negro"
branch of the subject. He said, "Gen.
Cox in his letter declared that his views
on the subject, as laid down in his plan
will not prevent him from giving cor
dial support to any other plan that
shall finally prevail; therefore he is in
favor of negro suffrage, if a majority
of his party is in favor of it. " Now,
Gen. Cox never said any such thing,
He did say:
"My opinions will have only such weight
| or influence as their own value will entitle
them to. As they will not hinder me from
giving cordial support to the action OF
loyoI Federal Government If other views
shall finally prevail "
The next question the speaker in
troduced was that of taxation-and, as
he has tile means of knowing something
upon that subject, being Auditor Of the
County-we thought we would hear
something reliable on it; but in this
we were again disappointed, for he
made some of the most reckless asser-
tions, and from beginning to ending
seemed intent only ON misleading his
) hearers. He said the party in power
, had created q debt of four thousand
millions Of dollars in the shape of Gov
| ernment Bonds and had exempted them
from taxation, and that amount-whicl
$ was equal to one third of the entire
c wealth of the country, including per
= sonal property, lands and town lots
0 was thus exempted from taxation ano
e did not pay dollar Of State or loca
y taxes, and that there were about fou
IS hundred thousand dollars invested il
d these bonds in Belmont County that di'
i not pay cent Of State or local tax
;t Now, what are the facts The tota
n, amount of the debt of the Genera
Government on the 1st day Of Septen
es ber, 1865, according to the report {
III the Secretary of the Treasury, wa
-, S2,757, ,6S2,571 OF this amount abo,
- SSO0,000,000 are in Demand, Leg;
:, Tender and Compound Interest note
=, and not exempted from taxation-lea'
= ing less than one-balf the amount ST
% ted by Mr.. CLARK as nontaxpayng s.
20 curities. OF this SS2,000,000,0 900, whie
=. we will call it for convenience sake, q
80 though it is really less than tn
~ amount, at least $500, 100000 worth
~ these bonds have been purchased
A. foreign capitalists, and that amount
~ money has been brought into the cou
:, try and exchanged for these bonds ~
b., added to the taxable property OF t
oJ country; so that we have but Sl,oO'
-, 600, 900 Of these bonds in, the count
,o that are nominally exempt from tax
20 tion, while we have this $50O,00O,O
=, of foreign capital added to the taxal
on property of the country. We say MOI
=, inally exempt from taxation, for the
q bonds, at least great portion of the
are not really exempt from taxatic
.. as we shall very clearly show. L
at Government has exchanged these bon
RK' for the money of the people; that me
LED ey has been exchanged for the lax
es- and products of the people and is
sh' the hands of the people, and is the
tly taxable, every dollar of it--and Tho
md bonds have therefore taken nothi
elr from the taxable property of the COZ
try, but on the other hand have ado
lad very mat erially to it,
" This brings us to his assertion that tn
rly are $40O, 900 worth OF these bonds in |
red mont county that do not pay dolla
say State or local tax. We will not say t
md Mr.. CLARK knew this was not true, but
,lic Auditor Of Belmont county, he ecrta
yos ought to know that it is not true,
III, stockholders Of the three National Bank
49,. this county purchased about s40O, 900 VIC
NAV of these bonds and gave them in purct
+. of the stock they hold in the Banks. III
Ars bonds were deposited with the Seeretar
ted the Treasury of the General Government
,me security for tho redemption of tho circ
Ne ting notes of such Banks, amounting to
we per cent Of the bonds. Now, Mr., CL!
nod ought to know, what every Intelligent |
o.,, in the County does know, that this b
stock, represented by these bonds, is ia