Baton Rouge tri-weekly gazette & comet. [volume] (Baton Rouge, La.) 1865-18??, 1867-08-27

nois, on the 18th inst. We copy the fol-
loving paragraphs:
PAYMENT OF BONDS IN "GREENBAuKs."
But it may be asked, Chow are you to
help it 7" We have incurred this debt;
we have promised to pay these bonds, and
| have promised to pay the interest upon
them; we have established these national
banks-and what are we to do 2" | will
tell you my fellow citizens, what | pro-
pose TO do-and it is this: Pass law in
the Congress Of the United States requr-
ing those who hold our bonds to. present
them at the Tresury Department of the
Government and receive there, for princi-
pal and interest, whatever is due, in green
backs. [Cries Of "That'll do" That's
it,"
"Oh,!" but says one. "these men, when
| they bought these bonds, expected to get
their pay in gold.n / expect they did !!
Laughter.] But is it right that they
should Let us look at it moment.
When you, my friend, lent your ueighbor,
in 1860, 500 to enable him to buy few
cattle and better his condition, and took
his note, payable in seven months or two
years after date, with interest on that
money, you, expected that, when he got
ready to pay you, he would pay you in
gold, or something else which was it's
equivalent, didn't you ? The Congress Of
the United States stepped in the meantime,
and said that he can pay in illegal tender"
though you expected" to get gold, illegal
tender" was good enough for you as an
individual debt, it is good enough for
these bond holders What did you who
entered the army in 1861, at the call Of
your country, expect s'-how did you
''expect" to get your paya As the law,
was, you was to be paid in gold, for it was
the only legal tender then. You went
into the army, served three or four years,
and came out. How did You get your
pay In gold or silver. No! This Re-
publican Congress passed law telling
you that illegal tender" was good enough
for soldiers pay, and you took your pay
in "greenbacks," although only worth
from go to 70 cents on a dollar How
did these mon that furnished supplies to
the Government, when the war com
menced, get their pays In gold and sill
yer! oh, no. The Congress Of the UNI
ted States passed . law that they should
get their pay in greenbacks." 7 hey were
good enough for men who furnished sup
plies to the Government to sustain the
soldiers in the war. What IS there, then,
enable the men who hold Hundreds of
thousands Of dollars in bonds to collect the
interest thereon from the Government in
gold, and at the end Of the time to de-
mand gold upon the principle Is such
one any better than a soldier or officer of
the Government, or the great mass Of the
peoples If he is, given him his gold If
not, pay him in "greenbacks, - what you
and had to take our pay in when we fur
nlshed tho Government with supplies, or
soldiers, or aid.
THE EFFECTS OF REDEEM1Na BONDS ID
"GREENBAoKs."
What, then, my fellow citizens will the
redemption of these national bonds" in
green backs" do for the country 1t will
afford us money enough to improve our
farms; it will put into circulation vast
amount of currency that will go into the
business transactions of the country; and
we can then better our homes, build up our
bridges, repair our roads, construct our
railroads, open up these avenues of trade
with the outer world, and enable this
country to become W hat the Almighty de-
signed it to become under the fostering in
dustry and care Of the farmers of the West;
1t will become great, powerful, rich and
contented country such one as we have
a right TO hope to see it become under
proper legislation on the part of the Con
gress of the United States, and q proper
management OF our financial affairs. But,
if this Republican policy is to be persisted
inf every dollar you earn upon your
farms is to 60 to pay the interest on the
public debt, and to pay your State, county
and municipal taxes-at the end of ten,
fifteen, or twenty years, you will find
yourselves poorer in this worlds goods,
but richer in the practical effect of kepub
licsn legislation, can assure you.
THE ALARMIsrs.
But some people FAY the currency will
then be large. Let us see how that is.
You can't scare me by telling me that
million Of these "bonds" in green backs"
will increase the value of my land 100 per
cent. You can't scare me by telling me it
will place in my power the means Of i'm
proving my farm, and building my house
and barns, and repairing the roads, and
constructing railroads, so that we can open
up means Of communication between the
separate sections of the country. The peo-
pie will not be alarmed at any such propo-
men that are becoming alarmed at the
proposition : 1t is men who are engaged
in banking upon these bonds, who are
holding them for the sake Of the interest;
they are the ones; and there are some now,
probably, within the sound of my voice.
] know that they have been for weeks, like
the Hebrew King, shaking in their shoes
on account of this storm Of indignation
that is arising through this country.
WHY.
But, again Am l asked how know
that the redemption of these bonds in
"Greenbacks" will increase tho currency
and make money very plenty will tell
you why it will do it. Here are $780,
00o,0 900 Of money in the shape Of Govern
ment bonds lying idle in the safes and
banks of the country. Suppose you COM
pei these men to take "greenbacks" for
them. When they get the "green backs
they don't draw any interest What will
people do with them They will immedi-
ately 60 to seeking in vestments with them,
and they will 90 into the improvement of
your farms, and the building of bridges,
and the erection of machinery, and the
construction of railroads through the
country; and. in short, they will be dis
tributed among US in that shape that will
make each one of us-the father, mother,