The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1865-09-13
frauatic or a fool !; and they mean tc

public creditors after this fashion: 1--WE
quote from the new platform Of the De-
mocracy Of Ohio y
IA. ResOlced That we must explicitly con
denim the policy of the party in power, in ere
ating thousands of millions Of dollars OF Gov
ernment debt. and attempting to exonerate the
holders thereof from all obligations to pay
their just proportion of taxes for the support of
the States in which they resde and thereby
creating an odious and privileged moneyed ars-
tocrtcy; and we declare it to be the Immediate
duty of Congress and the State Legislature to
use all the legal and constitutional power they
possess to subject money so invested to burden
OF taxation, equal to that imposed upon other
property for Federal State and municipal puf-
| poses" 81 .s.Hr B.. .tH.r a.. 2
Let US look into this minute
The Uuited States. in pressing need Of
money in vast sums, offered certain in
ducements to those who would supply it
namely, !. A specified rate of interest;
2. Exemption from local taxation 3.
Repay yment at specified day. Each Of
these is an integral part of the bargain
made with every holder Of Government
bond--the second equally with the first
and third. To subject those bonds to
taxation would be as hagrant reputation
as to refuse to pay the interest or the
principal He who would tax them, in
plain defiance of the contract, would re-
fuse to pay them if he thought he could
succeed in doing so. o
Every Copperhead and Rebel had
abundant opportunities to take these
bonds if he would. No questions were
asked as to the politics of subscribers
jeff. Davis or Lee might have had Mil
lion by paying the stipulated price for
them. Aud even to-day, when the peril
of failure in the War has passed away,
you can buy Seven-Thirties at par, and
some of the loans below par. II you
think the bohdholders have too good a
thing, remember that you might have
been of them had you SO chosen-itay
stillbe you will. Walk up gentlemen
There's no favoritism-no monopoly
9q But consider the amazing folly, the
suicidal madness, of the Copperhead de-
Our debt is nearly all re-
at early periods. Not to speak
Of our billion (nearly) of greenbacks,
which we ought to fund and retire very
soon, so that we may resume specie pay
ment, we owe 8.i4t %"
Amount. Interest When due
$9,4l5,25O co.. 6 per cent. December, 1867.
5l4, 76O 500 90. 6 per cent. May, 1867.
23S99 ,267 80. A per cent. -. Ten days notice
1880 $40 59. 6 per cent. -. Ten days notice
49, 954 230 90. IS per cent. March, 1864.
Is 900 600 90. 6 per cent. March, 1866
l97, ,12l ,470 90. 6 per cent. June 30, 1867.
234 400 600 90. Z 8 10 p c.. .June 80, 1867.
65,O00,O0O 00..7 $40 c.. March 8, 1863
00..7 $40 c.. March 3, 1868
93O, ,OO0OOO 90. 1910 pc with gold option
leag a8# aam .. at g. March 8, 1868.
Il ,704, 1858 49.
We want to renew all these at the Lowest
possible rate-4 per cent, if We can;
not higher than 5. If we could
o-day negotiate a long per cent. loan
if two billions, payable by installments,
IS our short loans fall in, we might re,
ume specie payment on the lst Of Jan
Iary next, and soon reduce our internal
axes one-fourth to ne-third, to cores :
ond with tile reduced burGen of our :,
ebt. Every tax payer, direct or indi,
ect, is deeply concerned in our ability to
md our short loans at a low rate Of in
crest; since reduction from to. 4 per T
ent. is in effect an extinction Of; one third
the debt. - ..f
Is lnefe one man on eartn So ollnu as
ot to see that such resolves as that above :
loted are directly calculated to defeat !, J.
g negotiation. of a new loan at low =
te to absorb the existing loans running -
high rates? Must not every penny we j,
ke from the bondholders. by local tax -
ion, beaded to the rate az which fu- =
re loans must be negotiated2 Can we r
nd our debt al all in an American Con ~
|, if such attacks on the National credit =
persisted in? sa .aseao hasEsl :.
Spurious Humanity. ses
H. E....,,.a- ;. in...s LII. n. -. .Aa; L