Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1867-10-01
CLEARLY STATED.

At this time there is an angry controversy
in the North, and more especially the North
west, in regard TO tho. Government paying
the interest of Its bonds in gold, exempting
them from all taxation, whilst the masses are
paralyzed, business Frustrated, and worse
than feudal despotism established by its ex.
brilliant exactiONs. In Ohio, during the
present canvass, the issue has been fairly
made up, as between the people on the one
hand, and the bOnd>hoIders, bankers and
shoddyites on the other, and Thurman, PEN
dleton, Vallandigham and the whole Demo-
cratic press have been exposing the gross
outrage OF the matter in light 60 plain as to
make even some Of tho money changers be-
gin to quake, for like BeIshazzer, they see
the handwriting of an indignant aud perse-
cuted people on the WALL The following let.
ter is the clcarest expose We have yet seen of
actual results, aud is from decided Repub-
lican, one who favored and sustained the war,
in favor of freeing the negro" and we pre-.
sumo an advocate Of RadicaIism generally, but
is not content longer to see his country bank
rupted, aud its vital elements of wealth aud
prosperity absorbed, simply for the benefit
and emolument OF the money sharks:-
SARAusvILLE, NOBLE Co., ONO,
September II, 1867.
Editor Ohio Salesman, Columbus, Ohio i:
SIR:-In reviewing the speeches of those
patriots and statesmen Of Ohio, Thurman and
PendIetOn, on the political issues of the day,
l, although bOndhOlder, endorse their views
in regard to the finances OF the country to the
letter; and go further, aud say that every
financial act OF Congress for the last six years
has been done with an eye singly to the BEN
efits Of the capitalists of the country 1t was
all Matched ana matured under their super
vision.
Now for the proof: The first paper issued
during the war, was called Demand Notes :"
They were receivable by the Government for
duties on Imports, hence they were at par
with gold. They were circulated all over the
country to the amount of about three hundred
millions.
The next issue was Of 'Icgalfenders"
Now you could pay your debts with the
legal tenders, but you could not with the de-
maud notes, if objected to, hence the legal
tenders were sought after instead notes; the
result was that before the cOmmOnalty of the
people we're aware of the zeal value of the
demand notes, they were all boarded up by
the capitalists, their net profits on this issue
being about one hundred millions.
had seven thousand dollars in gold at the
commencement of the war; sold the same
in the first year of the war at 40 per cent
premium, which brought me nine thousand
eight hundred dollars in legal tenders,
exchanged them even for demand notes, kept
them eighteen months, and then sold them
for twenty thousand dollars, legal tender, and
bought T-3O notes at 100, converted them
into D 2Os even: here have twenty thousand
dollars in 2Os, and two hundred dollars in
grcenbacks to spare. lam now, aud have
been drawing from tie Government twelve
hundred dollars in gold per annum on seven
thousand dollars, almost Is per cent. interest,
aud the principal advanced from $1,000 to
$4,000! and two hundred dollars to paw the
preacher il thought he was deserving Of it.
Verify, is not S. =. Chase great fnaucier?
|, as before stated, indorse the Democratic
idea Of paying off these bonds at any time
after five Years in legal tenders-the same
currency we bought them with, though they
are worth now bu, II to the 100. When 1
bought my 8 POS of the agent was informed
that the interest would he paid in gold, and
the principal in currency. How long the
Iaboring masses Ofthc country will endure this
time will determine. More anon.
Yours respectfully,
WIN. j. YOUNG.