The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-08
From the CLEVELAND Plaindealer.l |
From the CIeEeIAhI PIl4nueaItEI
Grant in favor Of Gold for tho Bond
Holder md Paper Money for the
HUnIHer-

Holder md Paper Money for the
PIow Holder.
The resolutions of the Chicago Con-
yentiop on the subject of the national
finances, was an instance OF non-com-
mittalism which is one OF the distlnc-
tive characteristics of the Radical party
Various interpretations of its meaning
have been given in different sections OF
the country, according to the greater or
lesser influence of the bondholders.
From the fact that the Chicago Conven-
ton was entirely under the influence
and control of that class of men whose
interest it is to keep the Government ID
debt to as large an amount as possible,
there can be no doubt but that it was
intended to, and did commit the party
to the doctrine of paying the 5-2O Donds
in gold. All doNbts upon this subject,
however, have been swept away by the
speech of General Hawley, the Presl-
dent of the Convention, who was dele
gated to inform Grant of his nemina-
ton. In performing this duty, Gener-
Hawley explained to him the meaning
of the resolution on that subject. He
said: sit makes the strict falhlment OF
national obligations a point of honor,
never to be waived. What the cirilised
,corld recoqnises as full and final payment
is the only payment the Union Republican
party tciH erer consent to tender" As 1T
is claimed the "civilized world recog-
nizes only gold and silver as legal
tender, it may be set down as fixed
fact that the Union Republican party
will never consent to tender anything
but gold and silrer in payment OF all
classes of Government Indebtedness.
With this explanation, General Grant
cordially endorsed the platform, and IS
now in perfect accord with A. L. Stew
arts committee of bOndholders and ma.
tional bankers. 1t seems by this that the
Republican dottrine is that the relation
of debtor and creditor between the peo-
ple and the government is Eot to be gov
erned by the laws of Congress, as enact
ed by tho people through their repre-
sentatives, or by the decisions OF our
Courts; but that the Rothschilds and
Others of that class of money sharks IN
Europe, are to dictate to us what is hon.
orable and just, in the management OF
our own affairs. That this is the cor
rect view may be seen from the follow
iAg taken from the New York Ihles, The
leading Grant paper in New York. In
speaking of General Hawley'S interpre-
tation, it says:
"Such an Interpretation lifts the ques-
ton out of the arena of partisanship,
and establishes a standard which the in
trigues of factions or the desires of par
ticular localities cannet disturb. Not
,chat Congress may decide, but tchat the ciU-
ilised ,corld pronouaceS honorable and just,
is the measure of duty toward the ma
tional creditor, which the party under
Grant and COlfax has inscribed on its
banner"
Truly, this must be encouraging to
the farmers, the mechanics, and labor
ing men of the country, that they are to
be permitted, under Radical rule, to toll
and labor the best years of their life, to
pay taxes, not only for the support of
the Government, but to pay the princi-
pal and interest in gold on bonds held
by men who pay no taxes, and who,
taking advantage of the necessities of
the country, purchased them at forty or
fifty cents on the dollar. This they are
compelled to do, according to the Grant
and Colfax PLATFORM; not because the
laws of the United States, or any prin-
ciple of an honorable dealing requires
it, but simply for the reason that the
mSney lenders of Europe, who, ac-
cording to Thad. Stevens, are
sharper scented than those who were
"cudgeled out of the temple"
think it honorable and just" At the
time the most of the 5 20 bonds were
purchased by foreign capitalists, one
dollar in gold was worth two dollars
and half in paper. The agent of one
of these European banking houses, who
regulate the standard of honorable and
Just dealing, comes to the United States
with ten thousand dollars in coin, and
with it purchases twenty-five thou
sand dollars worth of bonds, and in six
months draws from the Treasury of the
United States for six months interest,
seven hundred and fifty dollars in gold,
being fifteen per cent. on his original
10000, and does the same every sue
ceeding six months, for the twenty
years his bonds have to run. At
the expiration of that time, having
already received for intere st thirty
thousand dollars in gold for his
original $4,000 investment, the Repub-
lican platform says he must have S25,-
900 more in gold to pay the principal.
Thus he will have received $4,000 in
gold for what cost him but $4,000. In
the language of Mr. Stevens, This is
what they call honor, conscience, JUS
tice, through the custom of the coun-
try, and tell the farmers of America
that they are bound to pay the money
dealers of Europe this enormous rate,
to save their property from destruction.
And the moral men of New York de-
nounce you, and me, and Others, as dis
honorable robbers and swindlers, if we
do not in twenty years more than quad
ruple the capital of the Rothschilds,
Godsmiths and other large money
dealers" We submit to the tax payers
of the country whether they are will
ling to be thus sold out to the bond
holders at home OF abroad.