Owyhee bullion. [volume] (Silver City, I.T. [Idaho]) 1866-1867, 1867-10-31
Bonds.

l would not trust in my sheep pasture
after dark" This is illumination from
Boanerges Wade of Ohio-the Jupiter
Touans of Radicalisin. All the lesser,
seven by nine heads ofthe monster, echo
with shrill but clear enunciation, this
startling announcement, lpse dirit-
The oracle has spoken what need of ar
gument? Here is an axiom Numbered
from Delphos itself, by the high priest.
All but thank God the day of supersti-
tious generation for priest-craft is fast
disappearing. Dogmatics have long play
ed a conspicuous part in the policy of
the government" But necessity, the
gun of heaviest calibre and most potent
efficiency is most effectually spiked
That terrible battery which masked ne.
gro suffrage and military despotism, is
silenced. The dear people are demand
ing another necessity, taking off instead
of putting on and if the people de.
mand, who shall say them nay? Is it
unreasonable? Ben Wade says it is;
but Ben Butler says not. Both are great
and shining lights in the radical temple.
Butler argues, Wade merely asscyerates
his distrust of him who advocates such a
tremendous treason. He says that it is
a violation of the contract made by the
government. That in time of great need
when money could not be procured in
any other way, government contracted
with the d-holders, that ifthey would
take these bonds, and let the government
have their money instead, no taxes should
be levied thereon, and the principle and
interest should be paid in gold. On this
point the whole question hinges, Did
the government make such a contract !?
We think not. What did the govern
ment get for these bonds that they should
be paid in gold-was it gold, or our own
deprecated currency? VAST not enough
to exempt them from taxation without
promising to pay the principal in gold
This is certainly most unfair, if not an
Illegal contract. An Ohio bondholder
says:
II had seven thousand dollars in gold
at the commencement of the war, sold
the same in the first year of the war, at
forty 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
seven-thirty notes at ninety nine per one
hundred, converted them into fve-twen-
ties even here l have twenty thousand
dollers in five twenties, and two hundred
dollers in greenbacks to spare. I am
now, and have been drawing from the
government, twelve hundred dollars in
gold per annum on seven thousand doll.
ars, almost eighteen per cent.
l, as before stated, indorse the idea Of
paying off those bonds at any time after
FIVE years in legal tenders-the same
currency we bought them with, though
they are worth now but seventy-one cents
to the dollar When 1 bought my five
twenties of the agent 1 was informed thai
the interest would be paid in gold ant
the principal in currency"
1t is claimed that the fve-twentiei
must be paid in gold, and that it is {
swindle upon creditors to pay them il
greenbacks. We do not remember, mo-
have we the present means of knowing
what promises were made by the gov
eminent at the time of putting the bondi
Of the five.twenty loan in the Market
But we do know that the Legal Tender
notes convertible into five. twenty bonds)
state on thoir face that they are a "lega
tender for all debts, public and private