Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-11-04
Democratic Republication.

Gen. Cox, the elected Union candidate
for Governor of Ohio, in one of his recent
speeches, alluded to Democratic move
ments towards reputation:
"They (thc State Convention) pass on to
say that the Democracy Of Ohio are opposed
to any attempt to exonerate the holders OF
Government bonds from paying their just
proportion Of taxes, and they declare it to be
the duty Of Congress to use all the legal
power they possess to subject the money so
invested to its equal burden Of taxation.
What does this mean? They have contended
they are in favor OF a strict construction OF
the Constitution Of the United States, and
that Constitution has made it one Of the pri-
mary duties Of the Government to uphold the
validity of contracts; that an honest agree
ment shall be honestly fulfilled. What il
this cutlery against the holders OF Govern
ment bonds not being taxed? 1t means that
when these men were p~roclaiming that every
dollar invested in Government securities
would be lost, that the rebellion would
triumph, and our money be no better than the
rebel money; that the Confederate rags were
preferable to g~reenbacks; and while discour-
aging all attempts to prosecute the war, and
keeping out of all risks themselves, they said,
as loud as words could say, that no prudent
man could advance his money to the Govern
ment. Instead OF endeayoringt to promote the
national credit, they made it necessary to
offer better terms TO the lender, and the Gov
eminent got up a popular loan, reducing the
sums down to fifty dollars, in order that the
laboring man might invest his small means
that the LOYAL people, even the poorest, might
contribute their mites for the support Of the
Government in its direst extremity. And the
Government, in order TO secure a sufficient
loan, made a specific contract, with those who
brought forward their means, that the bonds
issued therefore should not be subject to tax
alton. In like manner it was compelled to
offer a larger interest than before was neces-
sary. Time wal when Ave per cent. was suf-
fcient but in consequence OF the distrust
these men cast upon the country it was inn
possible to get the funds it needed to feed
and clothe your soldiers, without Offering
seven per cent. Now, while the loyal people
said, we will have faith not only in the sta.
bility of the Government Itself, but we will
have faith that it will keep the letter Of its
contract, these men turn around upon US and
say that this contract ought to be broken.
Why Because they pretend to say it is I'M
lust and unequal. Is it unequal on the loyal
people who, poor as we'll as rich, gave what
they might TO relieve the Government IN its
| embarrassment; 1t simply says that those
who did not choose thus to invest IN Govern
ment securities would not have the benefit OF
the interest a~ccruing upon the debt, and the
debt itself not being taxable. While they
profess to uphold the Constitution they say
contracts shall not be kept when they disap-
prove OF them. We say that the bargains we
were compelled to make are bound to be kept.
But We say, too, that when the time comes
around when the Government can take up
these bonds, and reduce the rate Of interest
and change the conditions Of its public debt,
the Union men in power will be just as ready
to urge such a measure as any Of those who
have been predicting the overthrow Of the
Government, and the swamping Of the whole
debt in a malstrom from which II could never
b s~xtrisatsd."