The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-09-23

luca Ol our iOfun Oh government tual
they have of the Newtonian system
Yet these men, according to Senator
WADE and the Radical party, are Gin
finitely above" the Dutch and Irish in
all "that intelligence that qualities cit.
'zens to vote" This is q compliment
which the Stupid Dutchr and ''chiyal.
ric Irish" will be likely to appreciate.
A Bondheider ON Paying the Debt in
Greenbnelks.
The letter we give below is from a
gentleman with whom We have been
long personally acquainted; he has un-
til recently, been decided Republican
he favored the freedom of the Negroes
but he does not favor their political
equality with the white race; he favor
ed the war for the union, and favored
the creation of the debt for its prosecu-
ton, and now believes the debt should
in good faith be paid. When the Gov
was in need, he loaned it $1,000
in gold for which it gave him $50. 900 in
bonds, and upon which he now draws
$1,000 per annum, in gold-amounting,
on the original investment, to lS per
cent. per anpum, worth 43t per cent.
more than currency. If the 100000
which Mr.. Young holds in bonds, were
now paid in gold, and the gold sold at
current rates for Greenbacks, his invest
ment of $1,000 at the commencement OF
the war, in addition to the large inter
est he has drawn semi-annually, would
net him TwENTY-sIX THOUSAND ONE
HUNDRED DOLLARS, or Orer NINETEEN
THOUSAND DOLLARS, besides a high
interest FOR THE LOAN OF SEVEN
THOUSAND FOR SIX YEARS! all of
which has to come from the pockets of
the people in the shape Of internal rev.
enue taxes, which, it is said, costs in fees
of Assessors and Collectors, fifty cents
on the dollar to collect.
The letter of Mr.. YoUNG, patriotic as
it is in the highest degree, presents the
modus operandi by which the laws of
the United States, enacted by Congress,
enables the rich to grow richer and the
poor poorer. .......... $500.
We clip the following from the Ohio
Statesman, and give it below:
SARAHsvILLE, NOBLE Co., OHIO,
September II, 1867.
Editor Ohio Statesman, Colun,bas, Ohio ::
In reviewing the speeches of
those patriots and statesmen of Ohio,
Thurman and Pendleton, on the politi-
cal issues of the day, /, although a
bondhOlder, endorse their views in re-
gard to the finances of the country to
the letter; and 60 further, and say
that every financial act of Congress for
the last six years has been done with an
eye singly to the benefits of the capital
lists of the country. 1t was all Matched
and maturcd under their supervision.
Now for the proof: The first paper is
sued during the war, was called "De-
maRd Notes" They were receivable by
the Government for duties on imports,
hence they were at par with gold. They
were circulated all over the country to
the amount of about three hundred mil
lions.
The next issue was of "legal tenders"
Now YOU could pay your debts with the
legal tenders, but you could not with
the demand notes, if objected to, hence
the legal tenders were sought after in
stead of the demand notes; the result
was that before the commonalty of the
people were aware of the real value of
the demand notes, they were all boarded
up by the capitalists, their net profits on
this issue being about one hundred mil
lions.
had seven thousand dollars in gold
at the commencement of the war; sold
the same in the first year of the war at
40 per cent. premium, which brought
me nine thousand eight hundred dsllars
in legal tenders, exchanged them even
for demand notes, kept them eighteen
months, and then sold them for twenty
thousand dollars, legal tender, and
bought 7-30 notes at 99per 100, convert
ed them into 5-20s even: here l have
twenty thousand dollars i'll 5-2Os, and
two hundred dollars in greenbacks to
spare. am now, and have been draw
ing from the Government twelve hun
dred dollars in gold per annum on seven
thousand dollars, almost IL per cent.
interest, and the principal advanced
from 81 900 to SO, 600 and two hundred
dollars to pay the preacher if i thought
he was deserving of it. Verify, is not s.
P. Chase great ttinancier i, as before
stated, ind0rse the Democratic idea OF
paying off those bonds at any time after
five years in legal tenders-the same
currency we bought them with, though
they are worth now but II to the 100.
When bought my 5-2Os of the agent 1
was informed that the interest would be
paid in gold, and the principal in cur
reAcy. How long the laboring masses
of the country will endure this time
will determine. More anon
--r..q Yours respectfully,
.r. ..- VIM. j. YOUNG.