The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1868-08-18
The Funding BilI..A Radical Con.
gressi0Hal SsVindie.
%, ,zs6. 900, 900 Gold for the Bond-
holders!

..-----l.
90, ,tsG, 900, 900 Gold for the Bond.
holders!
The funding bill passed by the thieves
and plundcrers Of the people in Con.
g.ess, previous to otakinga . recess to Sep
tember 2l, fully revealed che tremendous
machinations Of the Radical party to rob
and bankruptthe tax payers Of this ooun-
try to . degree bordering on starvation.
Under the original law we had Che
privilege of redeeming oil the $40 bonds,
$1,000, GOO, 900, within the next twenty
years, in greenbaoks. But the new bill
propssesito convert all these $40 bonds,
which are payable in greenbaoks, into
bonds running thirty and forty years,
drawing interest at four and four and a
half per centum annually in gold, besides
making the principal payable in gold, and
exempting them from all taxation.
Gold is at this time forty.seven per
cent. premium. This nice little scheme
will take s846, 100000 more. to pay Of
the $40 bonds in gold, than to pay them
in greenbacks.in which they ars now pay.
able. Taxpayers, this is a lrst class
swindis against you and In favor Of the
untaxsd Bondho!ders. But this is not
all II has been proposed to levy q tax
of ten per cent. upon the interest derived
from the 5-2O's, which would yield rev.
enue to the Government of $4,000, 900 q
year. This, under the funding bill, will
be surrendered to go into the pockets of
the Government thieves, robbers and
Bondholders.
The 5-2Os are payable at any time af-
ter Eve years and within twenty years
This funding swindle will fasten the new
gold bonds upon Us in lieu Of them for an
average Of thirty.fve years before they
can be redeemed. What are the tax pay
ers to receive for their sacrifices? Moth.
ing but a reduction of the annual inter-
est from six per cent. in gold to an ave-
rage Of four and quarter per cent in
gold. We are paying at this time, gold
interest on the 5-2os, say s10S,00o, 900
annually. Under this new bill we shall
be required to pay only s76,5o0,O 900, .
saving Of s32, ,0oO, 900 in gold
Butin order to do this We surrender,
as we have exhibited $10,0OO,oOOa year
in permissible taxation. We pay $685.
600, 900 more Of principal, ,and as the new
bonds (gold) will run twenty years longer
than the 5-20s would before they can be
redeemed, we shall pay s2,oO0,0Oe, 600
more in gold interest than we would un-
der the present law.
Now sum up the above and you will
find the account of the Bondholders and
Congressional robbers against the tax.
payers TO stand thus:
Additional principal added to the
debt BY converting $40 legal
tender bonds RAINING from S
to 20 years, into gold bonds
running 35 years $846, ,000. 900
Additional gold interest on the
new gold bonds running IS
years.. ....s.......s. 4, ,0VO,OU ,UoU
Loss to the Government Of $10,-
100000, yearly, taxation on
bonds, for IS ysara. .......... $50. .o00, 600
Grand total. al................$ .$3.l96, ,000, 900
Taxpayers, in thirty years, under
the funding sHihdle Of Senator john
SHERMAN, Of Ohio, an additional tax of
THREE BILLIONS, ONE HUNDRED
AND NINETY.Sl1 MILLIONS OF
DOLLARS is imposed upon you for the
benefit Of the Bondholders.
Was there ever such wholesale swim.
leand robbery Will you countenance
this swindle BY depositiug your ballots
for men who favor robbing you in this
daring highwayman manner2
By your ballots you can decide this
matter. If you wish to labor until your
hearts ache to pay this money into the
pockets Of the Jacobin hounds in power,
Hho take good care to exempt themselves
rom all the burdens of taxation, vote the
Bondholding Aristocratic ticket.
But if you desire taxation to be equal,
md this Bonded Aristocracy abolished.
Ind one currency for the taxpayers and
8ondholdess you will deposit your ballot
n favor of the Democracy. The Demo.
ratio party is the only party whose prin-
'iples are calculated to bring the Govern
nent and the people back to peace, pros
,erity and happiness.
sT MOORE, the Radical candidate for
in this district ,asta Bondholder
lelps torob the people Of $lbO, 600, COO
;old interes. every year.
FoLLETT, the Democratic candidate for
congress, says these Bonds shall be paid
principal and interest in greenbacks.
Every vote deposited for the Rad
cal candidates is vote to add So, 1885,
100000 additional taxation upon the
axpayers Of this country, and to a:d the
onspirators now destroying the Govern 7,