Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-10-01

u .aoisas5o ia@i,iioq i i,','.l q NO. 38.
hh99m hh99 nj in goid ;9equai to 9eariy nine per Cent.
per amman in paperl1a CHER rate OF an
nualiprntit than he could p0ssibly v nobtain9
in the drv goods business, taking al ! risks
into oconside eratiQn7Gnles indeed he coald
effect some more chapges, to wrench more
of your sd bsuanee. And now let me p5fntd
outthis manitd you0m 5sTi 9bi Us Him ri ID
Look,ni, say IL i.look7 at this man, and i
see what he has done: He has, inyested1
every dollar he possesses, not upon his
taithli In the9 Permahence of the iGevernlfI
menti but upon histaith in the perinaaehce:I
of, the intention # the Industrial, classes
within it to pay the interest on these
bonds? It is not becihse he ioves'ti Union
that heb buys United States bonds lit is
NOT because heloYes the money they .pTom-I
Use to pay; both, of WHICH, Won. my friends.
and none other than you, will have to pay.''d]
- -. A RETRosPECT.,
And now close this part Of the subject,
and come to another. The substance Of
what Ihave said may be summed up in, fewII
Words go z3fslgds adT Hoif'rsl y 5reTl
First, All changes in legislation, except
changes by repeal, are as general thing,'I
changes in conflict with the interests of the
industrial classes These changes are the
result of Radical rule, ie,ft,., sf1 q, s,-,.il
SECOND. Prices are the relation between
the quantity of credit. that is to say, cur
rency, aiOat, and the quantity of CON mod
tiles and labor seeking to be -dispased- Of !
within,a a country open to free and rapid Il
inteEccnlmunication. These prices have
been Inflated by Radical rule.
Third This relation can only he dis
tarbed by means of changes in taxes and
changes 10 currency. Tnis disturbance Is
the result of Radical rule. III
Fourth. That advanrage is taken of this
factb cunning and utiscrupulOus capital=
lists and selfish and ambitious politicians TO
increase their ill-gOtten gains, and their
pernicious usoinfiuence;2 ;2aHd these men are
the upholders of the 'RadicaL paper-mon-i
gering policy. ..., f..l.,s,,, sag. boc 5e,4,.5
future loss OF vicissitude ny investing in
Government bonds1 which by "a law of their
own dishonorablei making. they have, uno
Justly caused to be exempted from taxa
ton by radical legislation. -
-" THE NATIONAL DEBT.
Another part of this subject. though not
of equal interest to you, Is still too impor-
tantstoi pass over--that Is the eff ct upon
the laboring classes of q heavy national
debt. =, el-..t. a.; ,5.s-5.-f p, f..-. IN
I am not one OF those alarmlsts who be-
lieve that this debt, large as it is, is going
If the country stood alone by itself ;-it it
was walled in and shut off from all other
countries-as Mr.. Horace Greeley and the
whole school of Radical Protectionists
has repeatedly wished that itlmight be-
and if no communication existed between
| it and any of the rest of the world, then
| this debt would be the heaviest drag ever
placed upon the Industry of a people.
When would the generations pass away
before the incubus of this enormous load
| would cease to be felt? Would it not be
pail over everything |? 1t would be the
Old Man of the Sea Choking the unhappy
Sinbad, and steeripg g him towards his grave.
But owing tn the fact that we are in fire.
uuent and intimate communication with
the rest of the two rld-that we are bound
to other natious by tirs of kindred. business.
blood. and international polity-there s.X-
Stts between them and us such confidence,
arising out of mutual Interests, that the
weight of this great debt is partly borne
by them. This debt mainly represents
material of war which was DESTROYED dur
| iug the late conflict. The loss of this vast
amount of wealth. if taken out of our stock
| on hand and not repienished from the outs
side world, would be more than we could
| bear. But other peoples, believing that in
the course of time we will be able to lay
by enough to replenishf thisi loss. agree in
the meanwhile to lend us from out of their
own stock. They buy our bonds and pay
money for them. This moaey we change
| into merchandise which we import into
this country, and thus repienish the
stock of materials wasted and de-
stroyed in the war. Nevertheless, the
amount of our debt is so great that
although we shall probably be able
to get along under it, yet it will not bear to
be increased 1 am opposed to increasing
| it for any purpose whatever, no matter in
what guise that purpose comes, believing
that true patriotism consists in lowering
the debt gradually 1t is often something
worse than false patriotism to, ask for its
| increase. 1t is despotism and robbery. 1t
| IS the cloven hoof of Raiical power desir-
Gus of weakening this people to sufficient
extent to enable'it to ride rough shod over
the land. What is iG butThis species oi
machiavelism that appropriateS 81 600 O0O
for reconstruction and $4,000 900 for
Freedmen's beaureaus, and 100000 00O
| for more bounties to bounty j I'M
pprs. and is aching to appropriate
$40.000.O00 more for a similar purpose?
What is it but the demon of party
that has for its object the subjugation of
this people; that with devilish ingenuity
asks that the debt shall be increased to
hold ten States in military thrally or'negro
control? Antalways remember this; that Tor
every million dollars inrrtase in the debt,
you increase the annual interest which you
will havet6 raise, by six Y thousand dol
i lars. You raise up an additional man
who will go from the ranks of industry
into those of unraXed aud unprOductive
Incidence, and who will, desert the banner
of free Institutions to live in foreign lands.
and to enlist ip, the ranks, OF absenteeiSm
and mock aristocracy. ...r.--.
| What has been the effect of the national
debls siof the nations OF Europe? A single
word will tell the story ari>tocracy-priv-
ileged, classes-caste, There are 10000
bo dhold-rs IN Great Britain. That 10000
govern the country, and buy and sell all
tGe people in it. Let ireland be witness
We have already q military tranny, fXpen-
sive and dangerous. We are to have afne-
gro tyranny. destructive and anarchical.-
In addition shall we have a monied tyran'
ny, the rule of social snobs and untaxeC
suckers? ara fD a'ah pO1 5g tt -aa
And now let meidraw these remarks to;
close. / have as clearly as, the nature o
the case would permit. described to. yor
the means by which the cumming are work
ing to overrrach you, and to make the
fruits of your labor subservient to theil
private interests. have now only to poin
out to you. nv friends who labOr-for yoi
Ia this city ware always my friends il
: many trying hour-the remedy agains
these designs, which lies in your hands
That remedy is the ballot box. 1ol
have no other. and it behoovPs you to se
that that remedy. is used Alright this fall
As your friend, L advise Teus to vote thi
Democratic ticket and begin the redemp
tion of this land from its burdens and it
cvranripsi God help YOU to redeem my