The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1867-06-29

in love with monopolies, will master re-
pudiation.
The bondholdcrs are provoking repudi-
alton.
First-By refusing to submit their
bonds to taxation.
Secondly making their bonds an
instrument OF double monopoly, by using
them as the capital in banking as well as
drawing interest upon their face.
Reputation offers the only hope of re-
lief to the country.
Pirst-It takes the corrupting influence
Of money out Of Legislation. - :
Second-It fids the country of the
whole plague and curse of assessors,
clerks, collectors, spies, pimps, stamps,
tariffs, excises and excisemen that now
cnslave US.
Il equalizes the general burdens of the
war. The poor men gave their lives il
battle. This demands that the rich, who
grew fat on blood, shall surrender the
plunder Of war to save the poor who
fought in battle from being further
ground by direct and indirect taxation.
Reputation is fitting conclusion to
war which has destroyed everything, and
now justly concludes by destroying the
destroyer. This condition of things ID
slowly but surely coming. like the cloud
about the size of mans hand. 1t is
gathering in the West--the people are
pinched for money.
We have now the anomalous condition,
Of the richest gold country on earth that
has not one dollar Of gold in ordinary cir
culation, the most inflated paper currency
circulating on the Western States to free
the people from severe striugency in the
money market. The storm is approaching.
Democrats need cay nothing upon the
subject. The mongrels msut repudiate to
save the negroes from taxation and retain
their present voting elements intact. !
When the storm comes in its terrible
desolation, it viii sweep down every thing
before it. =
Standing armies can't enforce the obi
cations Of such debt, although they may
increaseit. and thereby hasten repudiation,
which they are now doing by the establish.
ment ofa military government, which they
are proposing to do in every part OF the
Copstitutionalamendments can't enforce
the debt. When adopted they will be
futile in the hands Of reYolutionists, who
have set tho example of ofrepudiating con-
stitutions without amendments and all 9TH
er obligations. | most respectfully commit
the public debt to time which outlaws all
claims By limitation.
This debt cannot reach the next gener-
alton, and ifit does they will not be bound
by the foolish contracts of this, and will
do well if they meet their own obligations. !.
wish bondholders no worse luck. than
TO fall into the hands of negroes, who
want cheap food and raiment, who wiIr
vote down tariff and taxes. Then what
becomes ofthe public debt?
Leaving all these questions to time, the
arbiter of events, only cast your eye to the
coming storm. 80 -
We have high duty to perform, which
is TO restore the Constitutional obligations
of the Government, to secure the rights Of
the States and the liberties of the people.
We ask the cooperation of the Demo
cratic party in all of their Conventions :
State, county and township, city and rual-
Ito cooperate with US in the restoration
of free government as simple question.
Let nothing be done in the spirit of.
faction, but let every Democratic element
in the country be united in the great cause,
each in his own way, working to teach,
impress and crystalize the strength of lib
erty upon the principles taught by Thomas
Jefferson, adopted by our fathers, and re-
affirmed by their successors, while the
Democratic party, undivided, held power
in thu country, for the security of the
people, the extension of civilization and
free government, and the elevation Of.
mankind. ., q =