Urbana union. [volume] (Urbana, Ohio) 1862-1872, 1867-09-18

nomination and now on the stump b.
tells his hearers to take down negro suff
rage whether they like it or not, 81
they can't sa0allOl0 Il at one gzlp, to saOal
loa0 it at fa0o."
Gen. Lee, second on the ticket, makeI
these the issues, and the other day de
clared from the stump that he did no
1Uant the vOtes of aHy IgHO did not rOts fol
negro Suffrage.
NATIONAL DEBT.
| There are other questions which should
cause thoughtful Republicans to hesi
tate. From one fifth to one third Tht
entire wealth of the nation is now invest
ed in Government bonds which are ex.
empt from taxation.
The debt of our Government is great.
er than that of any Government in
Europe in proportion to the national
wealth and We are paying a much higher
interest.
This debt I believe was lawfully con-
tracted and in the main for lawful pur-
poses and mast be paid. But how paidi
It is now admitted by candid men of all
parties that by the terms Of the Laws
under which these bonds were issued,
nothing but the interest except a small
part OF Inc ten-forties is payable in gold,
the rest just like all other debts public
and priUats being payable in legal ten
der notes.
The opponents of the Radical party
are all but unanimous, that these bonds
except those contracted to be paid in
gold, shall be paid in greenbacks, the
best money the people have seen for
years, with this only restriction, that it
shall be done in such a manner as not
unduly to derange values and business.
The Radicals on the other hand occu-
.py singular position on this subject.
Gen. Hayes in a speech which the pa
pers call a reply to Mr.. Pendleton's
Lima Speech, claims this idea as an
original patent of Mr.. Stevens, who he
says introduced q bill for this purpose
into the house of Representatives for
which he (Hayes,) voted, and which
would have become a law except for the
perverseness Of the Bakers dozen Cop
perheads in CoBgress, who singularly
enough, are charged with the RESPONSE
biliiy of most Of the odious legislation
Of the last few years.
On this subject Gen. Butler uses this
forcible language in q recent authorized
publication reproduced in the CONNER
cisl of Sept 7, 1867.
The argument used Why we
should pay them (the bonds) in gold is
that our capitalists and bankers took
them when the country was engaged in
war as an act of patriotism but with
gold at 200 and from that to ESQ one
cannot forget that they had an eye to pro-
teeds as well, in this that they shaved
them at from fifty to sirty per cent. Now
why should the country be called upon
to derange its business relations, to re-
duce its values to burden its people with
taxation in order to pay from The poor
mans labor into the capitalists pocket The
immense prem iug 1cHiZe tao this iuvestlnsnf
escapes taxation aOhicH IS thus tRrOwn
tUholely up0n industry"
The other Radical orators and their
press for want Of better argument fall
to railing.
Wade calls every man who advocates
this eminently just and lawful mode of
paying the public debt, in his peculiar
dialect a penitentiary bird"
Senator Sherman, in more decorous
language, calls him q "repudiator,"
says, except for the law he
would steal your horse, and the Gazette
and all the lesser lights of the party like
Lee, Lawrence and others, re-eCho the
cry.
The only possible explanation of this
conduct I can give is either that these
men have lGid up bonds as the reward of
their patriotic labors or expect this great
money po,cer to give them party pot0er in
return.
TAXATION OF BONDS.
Again while these bonds are not tax
able for local purposes, so that the in
dustry Of the country must support po-
lice for the bond holders protection and
free schools for his children, Congress,
which undoubtedly has the power, refus-
es by a national tax to equalize the bur
den and the simple declaration that "tax- !
alton should be equal" these men de-
nounce as advocating Reputation, and
breach of the national faith.
Why again this sensitiveness for the
bond-holdersl
TIE TARIFF.
The whole legislation Of Congress for
the last five years on the Tariff has been
devised by New England men in the in
.erest of New England Manufacturers,
so that while the people Of the West are
with burdens of every kind,
these New England Manufacturers have |
been declaring unheard of dividends
as high as one hundred per
cent.
THE NATIONAL BANKS.
The Government now guarantees some
cur hundred millions Of National Bank
Notes, thus making them good every
where, a guarantee for which any local
,ank could afford to pay at least two per
.ent, yet the Government actually pays
hese banks some thirty millions a year
,ut of the hard earnings of the people
or the privilege Of guaranteeing their
lotcs That this may not be deemed an
,vordrawn or partisan statement, I will
i've the case as Gen. Butler puts it in
he communication above referred to.
"Anotber vital mistake in finance"
ays Butler, 'it seems to me, is allowing
he national banks to issue currency
There is some four hundred millions Of
his currency, on the issue Of which the
government substantially pays some
hirty million Of dollars. That is, il