The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-10-11
PoITIIcAL ATRAIRa.

GovsHnoI Morton. OF 1ndianEI 3D.
dressed large Republican meeting in
Boiler county, Ohio. on The 2sth nit
After abiding 70 the great intsrest fell
throughout the country in relation to
the approaching election in Ohio, and
the evil effects which NIGH; follow the
election of the Democratic candidates,
be dweIt at some length on the subject
Of reooustruction, showing the course
the President bad taken, and the opPo-
sIEion Of the Democrats Of the North 10
the measures ProPosed, and the maj
ore now proposed He then ecntin-
ned
Ispsnt tEo months in the south and
sourhWes. Of Arkansas, where The re-
beIIiou MAS, perhaps. As bitter and re-
lentlsss against the Union and Union
men as anywhere In the SOuih- I saw
hundreds Of rebels, men who had been
in the rebel army, officers and soldiers
and I tell yo1 they feel better and
kinder toward this Government to-day
than the Democratic party in the
North. BuS for the action Of Ihsss men
IN the North. oCr trou oles Eo7ld have
been settled long sgo on terms satisfae-
IorT 20 the North and South Ny
friends, The work Of reconstruction =
going forward, though Il has been de-
lsyed for various e nses-yst, / tell you
It will succeed. We are going TO re-
construct this country, and Ee are go
ing to preserve The power in the hands
Of the loyal men Of the nation Some
NAV have bseu Discouraged Al the slow
progress of zdairs, bot LEI them have
patience; We intend 70 make this work
a permanent one, and IL i not 70 be
done In . day. We will give all .
chance 70 vote, except some Who have
psTiured themselves two or three times.
And viii tell you furthermore We az
pea 70 carry for the RApubhcAn ticket
every one Of the rebel States And the
rebel States, in my opinion, will be the
nost Radical States In this Union
went TO SEE the Congressional Commit
tee in its chambers, day before y5stsr-
dsy, and read letters that they had re-
csiTed from all parts OF the South, and
those letters stated that we would be
%, 90. and We viii carry South Caro-
lima, the mother of secession. And ]
believe, notwithstanding all the howl
ing and terrific lying OF the Democratic
party, you viii carry Ohio in October.
They say there il a great reaction.
kept telling the rebels that all through
the war.
THE NATIONAL FINANCES.
0OE. -aOIADA III kAE 6nD-
Jeet Of our finances. He said We would
NOT put down the rebellion but by the
public credit OF the Government
There is no government in this world
that has money enough ahead 10 carry
on q war for six months. Great Britain
cannot carry on war with any great
nation for three months without boF-
rowing money. France, Prussia, Aus
triA or Russia cannot make q general
campaign for three months without
borrowing. Hence II Is impossible for
= nation to carry on war without pub
lie credit. Under Democratic manage
ment our credit had been 50 destroyed
that they said We could not borrow in
Europe, and would fail for want OF
money. But, thanks be to God the
loyal men of our country came for
ward, who had faith in the Govern
ment's credit, and loaned Us money to
put down thS rebellion. Now, my
friends, no difference what comes, the
credit Of the Government must be pre-
served. A nation cannot he sued like
an indtviduali it pays or not just as 1t
pleasss. We must not speculate upon
technicslities, but must pay honorably
and in full faith, according to the con-
tract we have made, or we can never
borrow money again therefore; / say,
whatever It may cost, whatever comes,
we must maintain inviol2Le the credit
Of this country Now these men are
ready to do all in their power TO impair
the credit OF our Government. The
taxes are those generally who pay least.
Taxes fall most heavily on capitalists,
and less heavily on the agricultural
portion of the community. l believe
our taxes will be reduced next Winter.
Il ought to be done. and will be done,
just as fast AS 1t can be done, but the
FIRST thing to be done is to get the Gov
eminent machinery into operation, SO
that it will go forward.
PAYING THE NATIONAL DEBT.
a word or two in reference to paying
this national debt. We are going to
pay il Just as We contracted to pay it.
am not in favor of taxing the people TO
pay on what Is not yet due. am in
favor OF posterity paying some of it.
Let US pay the interest and the many
little debts fallipgsdue for bounties and
various other purposes. Some of this
debt Will come upon the next genera
ton; they can pay 1t. This generation
has done its part in putting down the
rebellion and bearing the burdens, and
we still have large State and county
taxes growing out OF the war. Let us
meet all the obligations falling due
against us, and II we have anything
more to pay, we Will pay 1t on the
principal. But say, levy no tax to
| pay Cd principal for ten years, and in
ten Year, lLOm lulS "nGu we
have peace, and reconstruction, and
growth, and population, we can pay
Them much more easily. When these
men talk of paying OF the debt at once
by an issue OF greeubacks, they simply
mean to destroy the credit of this Gov
eminent.
TAXING UNITED STATES BONDS.
These men say also that the State
ought to tax the bonds Issued by the
~.
| Is part Of their programme. The Gov
eminent, in issuing these bonds, when
borrowing money, said on the face Of
| the bonds that they would be exempt
from state taxes. They said then,
"This Endorsement amounts to nothing:
we advise you not to buy tbem;" but
you did buy them. What would be the
effect II the State could tax United
States bondsf Suppose the State of
Ohio had q right TO tax bonds issued
by the United States. I ask you II you
could borrow money on the bond. As
II Is now, here IL a six per cent. bond
and the States can put no tax on it,
therefore can receive the full six per
cent. But suppose the State could tax
It, say one or TWO per cent, that would
make It worth but i've or four per cent.
Now, the Government could not sell
that paper. People would say II they
lend money they want six per cent. for
believe that our present funds could
be sold at par II the State Of
Ohio. and every other State, had
the right to levy taxes upon these
bondsf Certainly not. l believe I
would be in favor OF n law providing
that these bonds could be taxed by the
States; we would then come TO our Cop
perheads aud say: Now, II you will
take these bonds at par, and II Union
men will take them nt par, then you
are right and We are wrong: but If you