The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1867-09-18
NEW SERIES--VOLUME 3. NO 7.
rs it Reputation to Pay the
Bonds with GFeemBaChs!
SPRISGFIELp, o. September 3, 1867.
To the Editors OF the Enquirer.


SPRINGFIELp, o. September 8, 1867.
r To the Editors OF the Enquirer.
r | regard the financial question one O
more importance just now than any other
/ and think it will have more to do with
our politics in the future than anv other
question. | like your plan OF getting rio
Of the public debt, and the enormous taxa
ton it entails on our industry and business;
but want 70 be satisfied of one thing and
that is, whether the Government agreed tc
pay its bonds principal aud interest, in
gold. If it did not, how far did the nuliss.
ION eXtend-that Is, to what class Of bonds?
The holders Of bonds say the Government
expressly agreed to pay the principal and
interest in coin; if so, | st all regret it,
while shall insist on a5hering to the bar,
gam Please give me your views.
SPRINGFIELD.
The Government did not agree to pay the
fve-twenties in coin, only the interest. -
There is nothing in the law under which
these bonds were issued, nothing on the
face Of the bonds themselves to show that
they were to be paid in com. In running
debate between the Chairman of the House
| Committee Of Ways and Means, Mr.. Thad-
! deus Stevens end other members of the
House, in June, 1864, We find that Mr.
| Stevens dlsavowed any such construction a.
that Of the obligation to pay these bonds
in coin. We copy the following from the
report Of the debata:
Mr.. SPALDING + desire tn ask The
gentlctaan If. ia bl5 Judgment, the princi.
pal ofthe $500 93N 00n OF fre-tw nty bond.
| is payahle in g I'3f
Mr.. STEEENS-E IS iayt Ms c1ear as
| G"H hiRg Is Ha'r i54t tho interest is puw,-
og %. '..'f' '' 10 '''''2 TO "'''S'
NJ gDArnr%,- Raj. A., ,,,.l,.,,.
r h., -. ~, IL ''"'t
tba l.,.1 ~ @' i. ''' ai'iD'}' "'
NJ Q'T,jy-1,,,-, ,...r -,:P'' IL 'isE,,; aamo no4
conen,tod f.,, TL, tb,t, l,np. I',I'G ~,
Ia,,l, ...,. '.,"'' 'II',.. u"' " @'en1 mtS""9
~ N o;o;"1 .'''1...,, ,',,s ",e
.nor m iG'y ,@g 70 ' t ns~ s's ba SS"np4ss Sanlots
70 az 49,, ~ WV. ~ IVA,
r. and :, was r;abt r;Tb w.. ,,ra,4 It L ''"''
Mr. ppfrTi1E2,' --..S r.,., r-;.b ho
nernis.'sn - .. ....l... y. ~. y, b., .,-,n ne
ganil ar ;li''' ...t....,. ,-u.. - '"GN N.Y.
III M e,...t..... .e 0aLo
n,ot;on ..t.... - H., ~ =, ,',', ,,''r
has ,1na;J 4 ,i.,.,. ,,... .,t,.,. ''T's'} G
t,,,o,,t,, t,, " 80 '''" i've
Mr. spATnrN45 ,,a,. ~. t,'l.1' va ,.n,,...,a
~ rl., - - !.'S 60"
viii sa ,ho. . WITH. ~. ,,g, 1e ,u,ai
from, tbo .,, l@ ia> . gn t,0,'",,~ .Ia,''u
his nninion I'M -. ,' - '. "5 ',{ s'La, , III
tv hond. i n.,otra j., I.aId vi ''' N''-'"0''-
NJ ST'EFttG YIona., ~, ,...,,,
cut,ycb J;fs,oot Eo, ,Ln 5,n '''1 .'l 5c"a I. -
are 1,@ge 1,aLo -, % g,ooe , l., tbo %', ons """s
toru,s of tbs kor ln3 r. 3a,,,J .'3',ao i,
,,.o ,,,,o t5o, H. ,,s,t ",,5"
Ent sir r. hotb % ,rrn;no, ~ "' ''a,n
navahla in aoJ I than A. ~ ;.b
he Gnvarnnsnt (; becnr,n@ ;nno1ta5 ',,r+, arn
ali the more aneravated d'''''' '"''''"" arc
Mr., WTTS0NNWas not tba stoto,oont
lust now made bv the gentleman from
ponnsvlyan;a hosad ,,ron tLn ,tol -
these fye-twentios in % goId2 '' p'' 'l'''' Vt
Mr.. STEVFNS-Jfnon the novrant of
the interest in cold Tbnrn ;s no do,,ht
that tbe interest is novoblo in go,d ''"'
Mr., WTLSON-f sneaE Of tba nr;rc;r,1
understood the nentlaman to saw tbat
there were now abont eiSht hundred million li
dollars Of the nuhIic debf nava he in qoid
Mr.. S'rEVENS-No sir the interaot ;s
pavabIe in cold 7 aau That M ANNA ,nIo 15,, 20 20
= La,nyey-nuI T couH uot a,v tI0t The Nec,
'etay7J of the Yyers,t,7, is mot n L,uyer1-,rbo
ciW cayctpNg read tie I,,o can Doss;Jh, come anne
n ouv otbey conci,s;on tban tIrt ',bg yo S,n vn",