Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-10-01
OCTOBER &c 4, 1867. .ss5S s55i% 3

OCTOBER, /, 1861 + !, q I'd I'd
country. He inyeighs against the contrac!
tion of the currency. He don't want to
hear the cnink of the Democratic dollar. /,
He gets q good many OF, You to put faith
in his selfish, heartless; partisan lies; and
to -Eote'tor him and to Send, him, to Con
gfess, Where the very. first thing he intends
% DO Is, to vote tor "a bill to restrain the
pei him 70 issue more gfeehbacks, an T.
thus TO Initiate it, | would never for any
conceivable purpose vote TO increase the
issue of greehbacksi.ll ,,yod want, to pay
off any debts with them-proper thus to
be paid-nse what you have and come
down to the constitutional tDemocratic5c cur
rency of nature; and of God,-goldi and isil-s
ver.r If it hurts to do this, it is the hurt of,
the skiltul surgeon, You have to stand it
or die. rii - 9il'i5l q 20 25'1''i
Now it may occur to you that by virtue
ofothe same reason, whereby the price of
goods will be d ubled, the price of every
working mans labor will be doubled and
consequently that the relation which ex-l
lists between the two things may after all
not be changed; that with the doubling I'M
the price OF goods may, come such doub-
ling in the price OF labor, that the laborer
will be relatively just as we'll able to buy
these goods as he was before; that if a
mans labor at So a day will buy II yards OF
S pff at 25 cents, the same mans, labor at
S6 a day wilt still buy II yards at so cents.
This is truelc But things 60Wt na9pen
just in thissway. Ii the effects of changes
in taxes and changes in currency upon the
prices OF merchandise, and upon the price
of labor were to happen at the same time,
then no harm at all could ebappeh. no mat
ter how high the taxes were piledao aoF how
big an Htiation of currency was; set agoing,
I'hsTe lies the rub, and that is Just the point
/ that these "artful dodgers thoroughly hn-
derstand. s. This is just chat little marble
under tt thImble which they will never let
you get fair look at. OH, no, it is little
their dear friends in Wall street. and their
particular friends in Congress and else
where. This ssthe point that L haye come
here to expose to you. 1t is just that little
(. little secret in political economy which you
oughtft to know, and the sooner you know
it the better. eiJ sdJIs ssft1nla5 stri rfsG1
a. THE .DYNAMICs, OF FINANCE e5or.1- F,
r.I I told you short time since to grind
this into the substance and the marrow of
the brain; in legislation, except for repeal,
all changes are antagonistic to the Interests
ofthe industrial classes. And now want to
give you another truth of this basic, char
acter as profound truth. IL is this That
changes in the prices OF merchandise. md
and labor, whether effected by means OF
taxation by means of the currency do
not occur at the same moment of time to
these three classes of things. For example,
double the CURRENCY to-day and III a
months time you wilhfind the price of mer-
chandise doubled; but it will be six months
time before The price Of land doubles, and
it will be years time'betore the price OF
labor dohbles. Eventdally, all these things
would become alike doubled in price, bui
they will not doub in price at the same
time. Now, the effect of this is, that while
in j months time the merchants stock OF
goods will have doubled in price, he will,
for theiicurrency for which he sells hi;
| goods, be still obtaining your labor at the
old rate; and while by the end of six
months, the price of land will have doubled
and consequently the price of house rents
| the landlord for the double amount OF cur.
| srencv for which he will now be able to lei
| his mouse, will be still buying the labor oi
the hard toiling, deluded working. man. Il
he wants him to build mVre houses. loritt
clear more land,) at the old rate of wage,
| current before the doubling of the cur
L re1cy. 81 90 -'is'S3'' -'iis
| what is the fate of the working man
looking at it from his pOiat of view? Why
that for a year after the doubling change
| in the currency, while he continues to OBJ
tain for his labor no more than he did before
the change, he must pay (after the frs
month"; double for all thai he eats, drinks
and@wears; and. after the sixth montl
double the rent for every room he occu-
pies. '''
Leaving this subject and digressins
again upon the subject of taxes, L ask yor
to remember who is responsible for thi:
condition. charge upon the Radical party
the odium of all these Infamous exactions
They freed the negro to enslave the white
Tney tax you on everything, if not nomi
nally, really, for the amount of tax is in
cluded in the cost ofeverything purchased
70 d. clothing, rent, and services. sIbEai rs
afThetaxation per head is perfectly fright
full No matter if il is put on in the frs
instance upon sugar, or coffee, or spirits
or wool, or iron, or silk, it is really paid BY
the industrious classes, for they consumt
all these things, and pay the taxes in tn,
prices they pay for them. 4.ilt-.lt ...
The working man here, is taxed higher
per head than in any other country in TIL,
world. The amount OF Federal taxation tt
each male adult is stated to be $40 81.
will now add the city and county,, am
State taxes to this in New York and f1v,
other OF our principal cities. i'''''. Il.
L