The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1868-09-30
XRE ISSUES OF THE ELEC-
TlON-A TALK WITH THE
LADORING AND INDUS
TB1AL7CLASSES.

d~eni6canee-
i win affect directly and immediate
y their material we'll being and pros
psFity. Years ago Mr.. WENDELL
PHILLIPS declared that the emancipa
lion Of the negro would add two hours
- the toll of every labUring man in
American for a long series of years, but
b wou.d be eheaply purchased, he laid,
- that price Z7 SIs~
Bot 10 addition to this ipfiiction
promised them by PHILIPS, the labor.
Ing men.are now threatened With far
heavier penalties by the continuahoeof
Che present party in power. b-t9
These results may be reeapit1lated
PARTLY as tollws; sTSE5csIb Is 1Jz
j. The contInued.excmption from all
0tsts and local taxation ofune-fhh of
IN the property in the country, that
property held in United States bonds,
and which ia better able TO hear taxa
tioa than any other property You
Win continue, for years to come, to pay
Tor the eduation Of the bondholderfs
children, the repairs of the roads over
which he drivee his carriage, where
yoa 60 on foot, and the police whiob.
protects his life aud property from out
rage and depreciation.
2. The Eve twenty bonded debt,
which We can rightfully pay to the
boadholder IN legal leaders, worth sew
saty two cents on a dollar in gold, will
b paid ut par in gold, thus adding
seven hundred millions Of dollars IN
gold to the principal of our debt. At
Che same time the interest on the debt
will amount in forty years-and it IS
not 10 be allowed to be paid off under
that periodic four thousand mil ions
Of dollars in gold. These moustrous
sums win all fall upou the laboring
population, as the only producing
class, 10 pay. Day by day, and week,
they will have to toll aud sweat to lay
the bondholder his interest in gold.
3. For forty years, at least, one fifth
Of Oh the property in the country will
be locked up in bonds, where il. will
afford no man employment and give no
man business.
The owners of this property, mas
much as il ID no taxed, and nets them
m Immense interest, prefer to keep
u N that shape, rather than build
houses, stores, steamboats,, factories, or
10 use it in any species of trade or
commerce.
This is q great paralysis upon trade,
and deprives millions of people of the
sLSpleyment they woald have if these
bonds we're paid off in legal tenders,
and the holders obliged, as they would
be necessarily, to invest their money
In enterprises that would conduce tu
the interest of the public. r
A. You will be afflicted for years to
come with National banks, the owners
Of which make from fifteen to thirty
per cent. out of the laboring public,
and at the same time receive twenty
of dollars a year in geld coin,
end for What7 Simply because they
furnish you with a currency which your
Government could give you in legal.
tenders without costing a cent. This
twenty millions CT dollars q year in
gold your Government throws away,
lust exactly as if it should be sunk in
the Ohio River. -.
8. You will continue to be oppressed
with income taxes, stamp taxes, license
taxes. monthly taxes upon business
taxes upon sales, and a whole host Ct
taxes, that we never heard of until the
present party came into power, but
which will be fastened upon you as the
only means of paying the bondholder
his interest and principal in gold.
The income tax, especially, bears hard
upon men with fixed incomes and small
salaries. A clerk, for instance, who
has salary of fifteen hundred dollars,
10 taxed exorbitantly when he is com
PEELED to pay twenty five dollars as a
direct tax, in addition to the two or
three hundred which he pays indirect
y.
8. The forcing of negro suffrage up
on the South, and the giving up OF
that country to negro control, viii
oblige white men to leave that section,
and its trade, therefore, will become
v~aIueless. Steamboat men, what do
you suppose your commerce in the free
negro States will be worth ? How
many engines will they buy here?
How much clothing? How many chairs
and other articles of household furni.
tuFe ? These questions, with many
others of q similar character, suggest
their proper answer -a.
a.. The continued maintenance OF
what 10 called a Freedmen's Bureau at
the South, by which hundred of the
thousands of idle negroes are supported
al the expense of the industrious PEG.
ole of the North, whose wi white poor
have no Federal Government Bureau
20 look after them, even if they are
starving, iea e.s-.
"A The theory of the Radicals is,
that money is too plenty, that it must
be diminished in quantity, and made
scareer among the people in order to
enhance its value. They object to the
debt being paid off gradually, as itfalls
due, in gfeenbacks, because, as they
alieee, we shall then have more money
than the people want or can legitima-
IL use- isa, sz,5 re-. G.. 81 ~
Thus in case of the success of the
Radical faction, the laboring men will
be brought face to face with these re.
suits, namely, oppressive taxation for
the benefit Of privileged classes, amount,
ing to twenty-five per cent. of all their
earnings. They pay it in increased
rents, in. the increased price of food
and of clothing, in fact, every thing
which they consume. AT the came
time money will be scarce and employ
ment difficult to be obtained. This can
not be otherwise with a ruined South
and one-ffth eff Northern property in