Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-08-23

Suppose there is so much tax to be levied LIN o
| school di- trict in which ten men live. One man
owns 500, 600, and nine men own their proportion
of $780, G0 1t stands to reason that ii the man
owning 800, 0O6 is exempt from taxation, the
others must pay his share. Tell me, you Repub-
icaps 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 ques-
| ton of currency.
"Wherein does bond differ from a greenback ?
Will any man tell me what is the greenback 2
| Nothing but the promise of the Government to
pay and the bond is The same. But OF the green
back you pay no interest at all. You made green
backs money-not the representative OF money,
but the money itself. If man owed me thou
| sand dollars even if | ha loaned him that much
| gold, YOU compel me to take greenbacks for it
You passed law saying that paper money should
| be legal tender, and when called for gold you
made take gTeenbacks. want you to take
! greenbacks for what the Government owes you
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 much the whole expenses OF the GoV-
| eminent were ten or eleven years ago. why
should not that be done? The proposition OF the
Democratic party is that this pubic debt shall be
paid off in greenbacks that your thousand dol
| lar bonds shall be paid il legal-tender, upon
| which the people pay no interest at all, and thus
that we shall escape large portion of the taxes
| L am not in favor of repudating one dollar. 1t
must all be paid but want 1t to be paid IN what
you compel me to take.
The burden of the debt is bearing so
heavily upon the people, that it is impos-
sible these arguments, so plausible, should
not take well with the masses. The une-
quail bearing and in Justice of the present
system of taxation will cause them to vote
for taxing the national securities, or for the
men who will call in the non-taxable bonds
and issue in their stead bonds that may be
taxed. Such, it would seem, is but just
and right. The moneyed aristocracy which
exists in the United States is an aristocracy
which is ruinous to any country. The rich
bond holders are living in ease and luxury,
raying no tax upon their bonded wealth,
while the real estate owner, and the poor
laboring man groans and sweats under the
burden of taxation imposed to pay the IN
terest upon these bonds, and which goes
to sv ell the Golfers of the bond-holders.
From Mr. VALLANDIGHAMs speech again we
quote:
ssNow, the Democratic party of Ohio proposes
that we shall wipe out the national bank currency
and the Government shall issue its own currency
and save annually twenty millions of interest now
paid to the national banks. Will any one have
the audacity to tell there is justice IN paying
when we can have Government currency, and save
that amount? These national banks are paid
twenty millions year for supplying currency
which is payable in another currency only. We
have $500 GOO greenJa cks and $500 0OO, 600 Of
national bank notes. All l want is, that instead
of these two we have $3.50, 0O0, 600 OF greenbacks
There is not one Of you who would not as soon
take that greenback national bank note
And yet you are to pay twenty millions year for
the privilege of getting these national bank notes.
l want Congress to issue 5000, 900 900 of green
backs and save the S20,0O0000 of interest,"
want that issue made next year when you are
going to elect Congressman, and want men who
are candidates for Congress to explain their posi-
ton on this question. But they say we must
not flood the country with paper money. Well,
how much more paper money will you have out
when you have $500, 900, 600 of greenbacks than
when you have $500, OOO 90 groenbacks and $780,,
OOO, coo of national currency? believe. accord
ing to the best of the arithmetiCS that l learned
down in New Lisbon that 5000, OOO, O0Ois $6F0OOO,
900 whether in national currency or in greenbacks
in one or III both. have said this issue must
be met, ana it must. We shall not forget Sambo
because he is forced upon They used to ac-
cuse the Democratic party of agltatlnS the he
gro question but they can't do that any more
They have asked us to vote the negro into equality
with u.s. We intend TO vote upon that question
We have 187. 900 Democrats in Ohio who will vote
upon that"