The Conservative. (M'connelsville, Ohio) 1866-1871, 1867-10-31
hen. Butler Again ON the FL
nance.

ser. He argues the case very clabora-
tely, and concludes as follows:
at will thus be seen that when Con>
gress meant the interest should be
paid in coin it SO said, but when 1t
came to the principal or debt it speaks !
of purchase or payment and the crea- |
Iaion Of O sinking fund for the payment
of all the public debt--but says moth.
ing CT com.
Would w. E., or any body else,
contend that the Seven thirty curren-
cy bonds are excluded from their share
of tho benefits of that sinking fund
provided for the payment of all public
debts because they are made not pay
able IN gold2
II will pursue W. <. no further. lie
jeu ne vdut pas la chdndelte. l most
kindly receive his advice that the
sophistrios OF the criminal lawyer Ill
become the statesman, but beg to IN
form him, what he appears not TO
know, that in the criminal law there
are TO sophistnes. 1t is the most ac-
curate and exact of all ethical sciences
II has taught me precision OF thought
and statement from which 1 ondeavor
never 20 swerve. Will W. h. receive
as kindly from me the suggestion that
it is not well to import tho subteriuges
and evusluns by whicha shopman con-
vInccs too credulous servant glrl that
piece Of fading calico will wash into
grave questions Vt national finance?
IL have discussed tho legal questions
relating TO finance, Mr.. Editor, in the
interest of the bondholder as well us
the Taxpayer, because l believe that,
ifthe capitalist would persuade the
Govcrement 10 enforce his sharp bar.
gain IN gold, 1t can not be thus PAID,
and therefore no remod y can be found
tor tho present inequality of taxation
for years, and if no such remedy or re-
lease from taxation be found, the end
must DC reputation. We have locked
up twenty-five hundred millions OF
our eucpius wealth from State and mu-
nicipal taxation. We have thus ex'
, empted quite one-half OF the invested
= productive wealth of the country from
D taxation, althoughit is paying TO the
D owners from cight to twelve per cent
interest, or nearly three times what
other governments pay on their loans
= aud throws the whole b urdon OF tax
# alton upon the working capital and
!. labor. 1t will be found TO bo the fact
that quite one third Of the valuation Ct
many country towns OF Massachus
even have withdrawn from taxation by
q investment in five-twenty bonds, leav
o inv tho whole burden upon tho lands
q and labor.
mo country has ever set borne sucl
a burden 80 loaded with inequality ant
4, Injustice. If tho bondholder chooses
a 10 hazard the experiment in this coun
try, be it so. l have spoken III TIL
interest fthe section of the country II
which live, and whose prosperity II
= mine and my chlldrens. New Eng
mnd has more than one.third OF tn
IA banking capital, and owns cne-thirt
of the bonds, and has only one'twelitl
y of the population Of the country; ca
= she coorce the other cleven-tweltlh
into paying her fifteen per cent o.
of that capital, and ten per cent, oA he
ID bonds? Is 1t wise IN her press to cal
rmniate one Of her representatives
u who, faithful to her interests and tn
country, however mistakenly, endeav
lv ors to find way out OF this terribI
dilemma2
or 81 spoke in the interest of the lie
I'd publican party, TO which look for th
Q" future of the country, for whatevC
n party shall take upon itse,ft tho burde
of this unjust taxation, this fnancil
o. system by which the rich are mad
o. richer aud the poor poorer. Will SURE
te ly be overthrown, and after that come
the doluge
The election in Ohio forewarns
nr of this, have argued the legal que
tions as to these bonds only. III
CO moral consideration do not discus
'at Each voter will determine those Il
les himself. The people may think th'
de all tho money :hey have-the vel
money which the capitalists loaned Il
Government TO pay the soldier WIT
$50 who rlsked his life and limb for h
conntry-is good enough 10 repay Il
principal of tho bond and may beg
20 to doubI on the question Of tho int
~. a. est.
2' "All that class of questions wi
III to avoid, '-
he "One futher observation, and
in promise, Mr. Editor not to DO furth
20 drawn into discussion upon this que
=. % ton, On the contrary, have tried
'no prevent repudiation by pointing ou
OF mode of prevention consistent wi
,b- the contract ani good faith II is 81
rlv that it is prematurs TO discuss y y
. question now: 1t is even now p
hsI us and must be met. IL was raised
tho canvass in Ohio before proposs
ma a mode Of meeting II. It is said II