The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1868-08-08
Twenty Millions More :.

Not content with the taxes now lav;o5
upon the people; not satisfied with tai
ing from the laboring masses and giving
to the bondholdors twenty-five millions Of
dollars annually; not satisfied with the
spcculations OF national bank controllors
the leaders OF mongrelism in the II. 81
Senate, have introduced q bill author;1..
ing the issuing of twenty millions mora
Of national bank currency. Upon this
amount Of promises to payn that i
placed in the hands of government bond.
holders to loan out, at six, eight. ten or
twelve per cent-theY receiving the proe.
its-the people of the country who nav
the taxes-the farmers, mechanics. labor.
ers and merchants-pay over one huudred
and /oTtg/-si1 thousand dOLkars futero.I
annually, which goes into the pockets ~
the favored few, who have BOUGHT tsv.
exempted bonds and deposited them !,
the Treasury of the general Government
as security for these bank notes that arc
to be issued for them to speculate unon
National bank notes are nothing but
the representatives Of the tax.exemnto1
bonds. They are. plainly speaking. moth.
ing but swindle based upon n sw;,dia
and one Of the most gigantic swindIes
ever perpetrated upon any people. Tho
whole policy Of fnanciering az adopted
by those in power, has been to benefit
the rich and oppreas The poor. The gov
ernmcnt derives no advantage from It
the people as mass are taxed donble by
it, and the public debt is daily Increasing
instead Of diminishing.
Ii the party now controlling the affairs
OF this government, desire to Increase the
volume Of currency in the country. whv
docs 1t not issue legal tenders, or tereen-
backs, : as they are properly called, in
stead OF national bank notes? The peo-
pie have to pay no interest on the former.
while they are compelled 20 pay an exor-
bitant interest on the Iatter-a double in
terest VIC might say-onc on the bonds
upon which these notes are based and an.
other on the notes when got out of the
banks they are held by. It would ;ust
be as easy for the government to iss,,o
. greenbacks to the amount of the.
bonds represented by these national bank,
notes, as 1t Is to issue them they would
cost the people nothing but the printing.
OF them, and save to The tax PAYERS. owe,
twenty-five millions Of dollars annualle-
But this would rot put money into the
pockets Of the rich fast enough It
would not furnish tisS few who speculate
upon the necessities of the government
an opportunity to fill their long purses
Il would not build up that aris.oe,aer of
wealth, that mongrelism has Iabored so
asslduously to establish. It would in a
small way and to certain extent. be do
ing justice By the masses, aud that is pre-
elsel y what those in power have no fdea
OF doing. T,eenty millions morel One
hundred and forly-six thousand dollars
more, annually, for the soliag taxpayers
to earn for the nabobs and shoddy aristo.
Gratis It's only another straw. brother
laborer, another bite out Of the mouths
OF our children, and ne will stand il "a
patiently as JOB did the boils, and vote
for the men who are using US in this man
ner won't wea Perhaps not Demo
cratic HdtcIDaan.