Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1868-10-08
R,tes OF Advertising.

come; AMI that all bonds invested in bank
ing. fire, life or marine insurance, or loan
and trust companies and savings institu-
tions, are taxed for State and municipal
purposes just exactly rs AL oiler properly
is taxed; and furthermore that the pro-
cccds realized from The sales Of SIX or sew
en- hundred millions of bonds TO Europe
ans are taxed equally with other property.
But, say The copperheads, after you de-
duct the one thousand millions invested
in banking, insurance, savings and trust
institutions, and The six hundred millions
sold to foreigners, there still remain five
hundred millions of bonds held By indi~
viduals--why are they not taxed for State
and municipal purposes? They were, be
cause the Constitution of the United States
as Interpreted and expounded by the Su-
preme Court, for5ids the States TO tax The
credit Of the Government held in that
forn. And when Pendle,on, who had
made The loudest noise about taxing bonds,
was asked the direct question in Cleave~
land, the other day, whether he believed
The State had the lawful right tax them,
he admitted they had not. And now
the Chicago Times, in lis issue of Sep
temher -, crecp- down as follows:
'What shall he flol.lt Of the statement that the
Democratic party demands that the States shall bo
Permitted to lay such taxes they may please upon
government bundS2 What resolution in the pla.-
nances such statement? " aat Democratic news.
paper in the United Stles advocates such policyg
''GenelMi MOrgau- OF Ohio, honest and abba
man. aud democrat who did good service in fighI
ins the rebellion, said The States could tax bVnds
hut even he does not now advance that doctrine le
sndry decisions of the Federal Supreme Conf
have been adverse to it. The question Is dci,ata-
ble one; but the Democratic Tariy is not now, aud
never has been. committed 10 the doctrine that lie
states caH tax the Federal bonds -
We are willing to accept this ''cave in"
for the future, but we all know that for a
year past the public ear has been stunned
with mOse noise than ever proceeded
from a boilermaker's shop, in favor of let
ting the States tax the bonds IS much as
they pleased.
And so the Copperhead assault has been
driven back at all points, and they are f.
nally compelled to take shelter behind the
position of Frank Blair in his Brodhead
letter, in which he declares that ''the real
and only question which we should allow
to control US is: "Shall we submit TO tho
Reconstruction acts of Congress? 1t il
idle to talk of bonds, greenbacks, gold,
taxes, the public faith and the public
credit. We must have a President who
will execute the will of the people, &. e.,
Coppe,heads and lebels), by tramping in
to the dust the usurpalons' of Congress
known as the Reconstruction acts"
To this complexion it has come at last,
and the sole issue is tie one stated by
Blair, and restated in the Democratic
platform Gin the plank inserted by Wade
Hampton) viz: Whether the Reconstruc-
ton acts of Congress and the Southern
State governments shall be treated as un-
constitutional, null and void, and tram
peeled in the dust by Seymour. with the
army and nayy.-CKi. Tribune.