The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-08-16
:=aIlandigham- The Finances Green
backs.

presidential canvass IN the noTtncIh ot"'o'
will be conducted so as 20 educe an ex-
preston of opinion from the people either
for or against the policy Of paying OFT the
national debt in greenbacks. Every Demo-
cratic paper which we receive from that
section that has expressed an opinion upon
the subject is in favor Of the proposition; ;
while the Radical papers are as dumb as
oysters. GREELEY does not hesitate 10
denounce the scheme: but most Radical
editors are neither so independent nor SO
honest as he, and are therefore awaiting
further Developments before taking sides
mon q question so important, and the
democratic face of which has so many
claims to popular appreciation.
Last week, at Middlctown, in Mahoning
county, Ohio, Hon. G. L. VALLASD1GnAM
made speech. We suppose that he de-
liberated calmly before making it, and
said no more and no less than he meant to
saw. We read this speech for the purpose
of ascertaining Mr.. VS. position in regard
to negro suffrage and the currency. He
comes out uncquivocally, not only against
negro officers, but negro suffrage. The
negroes Of Hayti have wisely determined,
he SAYS, that white men cannot safely be
allowed to vote or hold Office in that coun-
fry. The white men Of Ohio ought to come
TO the same conclusion as to the negroes IN
that State. He argues that negro equality
must follow negro suffrage and that the
ONLY way TO prevent the former is TO pre-
vent the latter. "The negro is man, as
Won arc don't say he is a brother"
Two years ago the Radicals denied that
thev were in favor Of negro suffrage; and
Mr.. Y. expects them two years hence to
come ont in favor of amalgamaton and
social equality. He reminded his hearers
that General Cox, the present Governor of
Ohio, was elected by the Republicans or
Radicals Notwithstanding that when a
candidate he wrote letter strongly oppo-
SIM the proposition to make the negroes
voters.
But it was Mr.. EALLANDIGHAM's views
as to the finances of the country that we
intended to quote. He said:
"What is United States bond Why
so much money-sl00 or $1,000. Many Of
them-indced, all of them bclieve-are
PAYABLE in gold; yet large portion of
them were bought at forty, fifty, and sixty
cents on dollar. These bondholders got
for four, five, or six hundred dollars a
claim against the Government for thou
sand dollars. The funded debt of the
United States is 81 900, 000,0 00-more than
$4,000, 100000 of it in bonds. The whole
property Of the United States is but
$1,000, 100000, and yet more than one
fifth of this entire property is exempt from
taxation. What is the result OF that !
Why, that the other property is liable to a
heavier amount Of taxation. Suppose there
is SO much tax to be levied in u school dis
trict in which ten men live. One man
owns 500, 900 and nine men own their pro
portion Of 100000. 1t stands to reason
that if the man owning 100000 is exempt
from taxation, the others must pay his
share. Tell me, you Republicans who
pirate continually about equality, is that
right ?-is that equal? Can you look me
in the face and say it is right Then
look at this question of currency.
Wherein does q bond differ from a
grccnback! Will any man tell me
what is the greenback Nothing but
the promise Of the Government to pay ;
and the bond is the same. But on the
greenback you pay no interest at all. You
made grcenbacks money-not the repre-
sentative of money, but the money itself. If
a man owed me thousand dollars, even
if had loaned him that much gold, you
compel me to take greenbacks for it.. You
passed a law saying that paper money
should be a legal tender, and when called
for gold you made me take greenbacks. l
want you to take greenbacks for what the
Government owes you; for what is sauce
for the goose is sauce for the gander. BY
calling III these bonds and paying them OFT
III grcenbacks you save hundred and
twenty millions year in taxes, and this is
just twice as much as the whole expenses
OF the Government were ten or eleven
years ago. Why should not that be done
The proposition of the Democratic party
is that this public debt shall be paid of in
grcenbacks; that your thousand dollar
bonds shall be paid in legal-tender, upor
which the people pay no interest at all, ant
thus that we shall escape large portion 0
the taxes. | am not in favor Of repudi
ating one dollar. 1t must all be paid bu
want it to be paid in what you compelled
me to take
1t is impossible but that these plausible
arguments should take well with thu
masses. GREELEY may call them evil
lains," "knavcs," "fools," or what HI
will. They will vote for taxing the ma
tional securities, or for the men who vii
call in the non-taxable bonds and issue il
their stead bonds that may be taxed. VIZ
quote again:
"Now, the Democratic party of Ohio
proposes that we shall wipe out the ma
tional bank currency, and the Government
shall issue its own currency, and save an
nually twenty millions Of interest now
paid to the national banks. Will any one
have the audacity to tell me there is jus-
tice in paying out twenty millions year
for national banks when we can have
Government currency, and save that
amount? These national banks are paid
twenty millions year for supplying a
currency which is payable in another cur
rency only. We have S36O,OO0,0OO green
backs and S300,0O0,OO Of national bank
notes. All want is, that instead of these
two we have S66O,OO0,0OO Of greenbacks
There is not one of you who would not
as soon take that greenback as a national
bank note. And yet you are to pay twenty
millions year for the privilege Of getting
these national bank notes. want Congress
TO issue s6oO,OO0,0OO of greenbacks, and
save the $40 100000 of interest. want