Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1868-07-24
HE NEW YORK NOMINATIONS.
Opinions Of the Press.



900 copies weekly, the largest Of any
Democratic paper in the United States.
It's comments are selected from its issue
Of July 4th, and we're published before
the nominations were made. We cannot
see that Mr.. Pomeroy has had any reason
to alter his view ff s.<n% : : ynour.ana
Blair in a weeks time, and hence think
no apology is necessary for placing his
articles among those written afterthe nom
nations occurred:
M GOV. SEYMOUR STILL AT WORK.
We notice that Governor Seymour made
aspeech in New York city on the 25th
of June, In which, the telegraph says,
che proceeded to reiterate his views form
erly expressed on the financial question:
What those views are, as contained in his
Albany speech, our readers arc fully in
ionned--preeisely those affirmed by the
Jacobins at their Chicago Convention--
gold for the bondholders, rags for the peo-
plc. eslt
II is we'll known that Governor Sey-
mour is opposed to touching tho financial
auestion-wants TO leave il to stand us IL
is, all in favor Of the bondholders, and
against the people--gold and no taxes to
pay, for the former. and rags, and all the
taxes to pay, for the latter.
With characteristics sophistry, he says
that sour debt is not due until fifteen years
from this time Therefor he says its present
discussion is uselcss--it is not practical
question. How false. Though the bond .
holders cannot call for payment under
fifteen years, the Government has right
10 make payment Of ali the dye-twenties
nearly twO-thirds OF the whole debt, at
any time after Eve years from their date,
which period has already elapsed on u
large share of them, and will soon expire
on them all.
Just so fast as any Of those bonds are
redeemed with greenbacks, tho gold in
terest which is eating out the substance of
the PEOPLE ceases, and TO that extent they
ARE relieved OF their oppressive burdens.
Of tie ielrful consequences OF follow
ing Gov. Scymours advice we have here
-toiore expressed our views, and We now
repeat them, on the eve Of the great event
which il TO determine the destiny oil the
American people.
Gov Seymour is trying TO put the pub.
lie mind asleep upon the bond question,
and leave the plowholders 10 sweat, and
stagger, aud starye, under the load Of tax.
alton, to pay the bondholders their semi
annual interest in gold, and their taxes IN
addition, by telling the country that the
financial question should not be brought
into the canvass this year, that everything
Is Well enough as il is, IL you will only
make the Government eeon0mize in IL
expenditures, and that generation hence
will be time enough to talk about the na'
tionnl debt.
How false and decepliyel
IL takes one hundred and twenty Gv,
millionsin gold--say one hundred and
sovonty-fve millions Ia greenbacks, nj
present depreciation--to pay the interest
on tho bonds. This load upon industry
this drain upon the resources Of the
plowholders--Gov Seymour proposes ia
continue without change for generation
or more.
Whyg
Bccausc he has not courage to grapplc
with the question like a statesman aud a
patriot
And because the bondholdcrs have got
him in their tolls, aud are using him to
uphold their interests
And enslaye the plowholdorsl
Look at the astounding result Of post.
poning action upon tho financial question
The annual interest on the two sthous.
aud aud odd millions Of bonds, il. say
one hundred aud tweniy-ivo millions ia
gold.
Compounded, this interest alone, would
in twenty-five years, amount TO six thous
and millions OF fdollars-nearly three time
the amount OF the principal Of the debt
and leaving the principal still unpaid
In thirty three years, the interest, wheI
compounded will have reached fourteen
thousand millions Of dollars-noarly sew
On iimos the principal then unpaid
And In lorty-four years the compound
edinterest will have reached the enor-
nous sum Of
THIRTY THOUSAND MILLIONS
OF DOLLARS IN GOLDl
This is probably equal to three times
the amount in gold value Of all the prop
erty In the country.
Thus, by following Gov. Seymour's ad
vice, in forty-four years there will b'
drawn from the resources Of the people
for mere interest, FIFTEEN TIMES III,
amount Of the principal of the debt, ant
not one dollar Of the principal extin
guished, and in addition to this, the take
Of the bondholders will be paid for them
Can any one fail to see where this viii
place the wealth of the country?
1t will be absorbed by the bondholders
Can any man be honest--a friend 0
the plowholders-who advises such pol
icy Us this?
Did he speak the truth when he said:
at is a mistake to suppose that the in
forests of the bondholders and taxpayer
are antagonistic?'
viii economy in expenditure roduc
the interest on the national debt, Gov
Seymour? Not cent. That remains tn
same, whatever may be the other demand
upon the treasury-whether more or less
IL is thus seen that the financial ques.
ton is the most urgent, the most vital
the most imminent which ever confrontel
any people.
II admits of no evasion, no postpone,
mcnt.
II is a stern reality, which cannot b.