Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1865-06-05
Proposition for the Money Power
10 Rule the Country.

Proposition for the Money FOWer
J, 90 90 Rule the Country ii
Much, In the past was said about the
''slave power ruling the country. Poll
ticians declaiIned against it by the hour in
Indignant strains, The country Is In dam
ger of being ruled by power more inso-
lent and more domineering than the "slave
power'' was. We mean the money power.
~ A large portion of the capital OF the coun-
try is in Government bonds, and these
bonds are exempt from all manner of State
and local taxation. The non-holders OF
such bonds will be necessitated topay the
taxes that rightfully should be paid on the
capital thus invested. Taxpayers Will,
after little, grow exceedingly dissatisfied
with this sort of business, while the holders
of the bonds will spare no effort to put into
and keep in Congress men who will see 10
1t that no laws are enacted requiring them
to pay taxes on their investments. To
guard against such acontingency, Ihe Ne~
York Herald has commenced advocating the
propriety OF giving to men who have money
more votes than men who have none. In
its issue of June 2, it used this language:
"Too many people have invested in Gov
ernnient bonds for the idea OF repudiatlon,
which Wendell Phillips borrowed from
JEFF. Davis, to become at all popular. Hay
ing a national debt, we shall also have taxes,
and these taxes should be connected with the
suffrage question. OF course we believe In
manhood suffrage; but we believe In some
thing more. Every man, white or black,
should have vote, provided it be constitu-
tionally accorded him; but men scho pay tares,
should haze more Uotes than men acilo pay none
The Internal Revenue law fixes the intrin-
sic value of q man at ten, thousand dollars
by exempting all incomes under six hun
dred dollars, which is the interest OF ten
thousand dollars for one year at SIX per
cent. 1t follows that for every six hum
dred,dollars OF taxes which a man pays he
shouldhave one additional vote. This splan
will not restrict the suffrage; but will ex-
tend it. Illegal voting will be impossible,
since no politician can afford to pay six
hundred dollars for single ballot. Prop
erty. which supports the Government
will then have voice in the Government,
and Shermaa's 6ar-room logfers can no longer
0ut-vote those scho pay heavy tdres." N ta-j %
The Nep York Herald is an Administra-
tion journalist 'loyap' that its editor and
proprietor was offered the Ministership to
France, and who is reported to have had
such influence with President LINCOLN as
to cauS he removal Of Gen. BUTLER from
active Efvice in the Army. By this War
the number of poor men has been largely
increased, and, by reason of the great cost
of the War, they will have to pay out OF
their labor the interest of the debt thus
created and whatever sum of the principle
that may be paid, while the men who ask
for votes according to the amount of mon
ey they may bave-money they made out
OF the War-seek to go scot free. They
aspire not only to be the moneyed
aristocracy of the country; but they seek
to be the governing power of the country
1t is time the poor men, whether they are
men who have not been in the army, or
whether they have been in the army as
privates, and are now stigmatized by this
loyal" journal as "SHERMAN's bar-room
loafers," took warning and refused further
fellowship with party, leaders in which
propose to make them and their children
after them "hewers of wood and drawers
OF water for them. Away with abstrac-
tions when the prosperity and happiness OF
the white men stand in such peril. Away
with those who counsel that the Democratic
party should not seek to gain power
through the disagreements in the party that
has hitherto been dominant. Let it be un-
derstood that white men have interests that
need attention. ''.