Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-08-11
DAILY SENTINEL.
FRIDAY MORNING. AUGUST
raE RUE on RUIN PATTY.

u
The Coppefhead party Of this State. led on !
oy their organ in this city. after doing everything
that il was possible for them 10 do. - secure the
SUCCESS of the Confederacy, sre even nov en-
gagged in a united effort to destroy the credit
the Government BY raising hue and CRY over
the national debt, with a view TO advocating iis |
repudiAtion We shall next hesT OF them IA |
yoring the pay ment OF the rebel war debt
Journal.
We challenge our neighbOr to prove either OF
its allegations in the above article There IS not
word OF truth ia either of IT, charges, and tbey
me with an i'll grace from a paper that. during
ls6D-6I. expressed its entire willingness for the
dissatisfied States to leave the Uuion no. only,
bat offered to help them out II they we're aux
ious to 90 More than this, il said that . civil
var was greater evil than would be the loss Of
dozen States; that the Montgomery Constitu
{ on. with single exception. better chart
of government than our owl. and that it did not
wish to live in UuiOn 10 which one BALI was
pinned TO the other by bayone;s This is the
record of the paper which sets itself up safe
guide of public sentiment. and has the impudence
to call in question the motives and loyalty
OF those who cannot, with the aid of
powerful microscope discover any particular
patriotism or virtue in the censor. We have not
said a word that can even be tortured into fsver-
| ing a reputation Of the public debt All thst
We have done Is to advocate equal taxation and
oppose The exemption of the rich at the cost OF
s,c poor But it is said that public faith must
De KEEP. inviolste. II SO. Indiana is far from
being guiltess. Twenty years ago she failed to
| pay the interest upon her debt, and finally com
promised with her creditors at abou, fifty per
cent Is the Journal, which now seems to be
excessively sensitive about public faith. in favor
| Of making good the amount the State failed TO
pay to her creditorsl The public debt occssioned
by the war ID a burden upon the whole country
and certainly no patriotic citizen should wish TO
be relieved from an equal and just share of the
obligations It imposes. This 10 attempted to be
done BY e1emptipg United States Bonds from
State and local taxation. II the right to do so
is conceded and sustained the effect will be to
impose unequal taxation. The man who has
his surplus capital invested in United States
Bonds has no local taxes to pay upon that
amount. while his eghbor who holds other de-
scriptions of property for the same amount, is
compelled to pay not only bis own taxes but in
addition he is called upon to aid in paying those
OF his more fortunate neighbor We ask the
Journal if it is IN favor of such unequal taxation
Is it an advocate for that kind of class legisls-
tionf Ii may be said such the condition Of
the bund-tha. it was the inducement for making
the loan to the Government Is il wise
for the creditor to always insist upon the
pound of heshl Is it right for one por
! ton of the community because they have
such advantage to impoverish the balance. or
to levy upon them their portion OF the public bur
dens? The holders of the bonds have no right
TO claim an exemption from their share of the
public burdens, and truly loyal man would
ask it, And it should not be forgotten that
other nations have reduced the rate of interest
upon their public debt, borrowed under circum
stances when the public necessities were equally
"a great our own, and the pledge of faith was
just az solemn Again We ask the Journal il i,
, is in favor OF unequal taxation by exempting any
species OF property from ats equal share of the
public burdens, whether local or general?