The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-08-16
VaIIandIEbam and the PInAnees--
Extract from His Speech at Middle
tn4u nhIo m she OH Tu.f

VaIIandIgham and the PInAness---
Extract from His Speech at Middle
town, Ohio, on Lhe 9th Inst.
A few days ago we published speech
from George Francis Train, on the
finances, called by himself the speech
of a Demagogue, In which he gave an
outline OF the arguments that were be-
ing, and would be resorted 10, by dem
agogues, in regard to the finances. he
ssaa not far ont of the way. Sallsudig-
hams late speech at MiddIetown, O.,
fills the bill given by Train, pretty well.
We make the following extract from it:
Now there are other questIons-ques-
lions of to-day, not Of yesterday, not
I last wear, nor 81, '63 or 81, but ques-
I Of 1857, and they shall be hurled into
the ears OF men Of the Republican Par
~ of this State, whether they Ike It or
not. We have a question of currency,
and, growing out Of it, question of
taxation. You are paying now on the
public debt one hundred and twenty
millions at least of interest, annually,
and paying il in coin, upon bonds.
What is a United States bond Why so
much money-$1OO or 81, 900. Many OF
them-indeed, all Of them belieye-are
payable in gold; yet large portion of
them were bought at forty, fifty and
sixty cents on the dollar. These bond
bOlders got for four, i've or six hundred
dollars a claim against the Government
for a thousand dollars. The funded
debt Of the United States is $3.50, Co.,
OOO-more than g, 900, COZ, 600 OF il in
bonds. The whole property OF the
United States is but Sll-OOO. coo 90, aud
vet more than one-hlth of this
entire property is exempt from taxa
ton. What is the result OF thai? Why,
the other property is liable to heavier
taxation. Suppose there lis so much
tax to be levied in a school district in
which ten men live. One man owns
SIOO, 600 and nine men own their pro-
portion OF 500, 600. It stands TO rea-
son that II the man owning $4,000 Is
exempt from taxation the others must
pay his share. Tell me, you Republic
cans who pirate continually about
equality, is this right 7 Can you look
me In the face and say 1t is right
Then look at this question OF currency.
Wherein does a bond differ from
gresnback7 VIII any man tell me
what Is the greenback? Nothing but
the promise Of the Government TO
pay; and the bond is the
pay no interest at ali. You made
greenbacks money-not the represen-
Iatiye Of money, but the money itself.
II a man owed me thousand dollars,
even II bad loaned him that much
gold, you compel me to take green
backs for 1t. You passed law saying
that paper money should be legal
tender, and when called for gold you
made me take greenbacks. want you
to take greenbacks for what the Gov
eminent owes you, Tor what is sauce for
The goose is sauce for the gander. BY
calling In these bonds, and paying them
off in greenbacks, you save hundred
and twenty millions year in taxes,
and this is just twice as much as the
whole expenses o. the Government were
Ten or eleven years ago. Why should
not that be dOne7. The proposition of
the Democratic Party is that this public
debt shall lie paid of In greenbacks;
that your Thousand dollar bonds shall
be paid in legal tender, upon which the
people pay no interest AT all, and thus
that we shall escape a large portion OF
the taxes. ! am not in favor OF repu-
dating one dollar. 1t mustal be paid,
but want 1t TO be paid in what you
compelled me TO take.