The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1868-09-17

ment, TO be annually diminished
| Then, ielloW-citizens, you will have tc
change your public agents, for under
} Mongrel rule the expenditures of this
government, instead of being dimin-
lshed. are: increased, aye. many mil
lions annually. How can that man
Whose key is turned on millions. OF
wealth that is not only annually draw
ing an eNorbitant interest, but is also
exempt from taxation, find the brass
to look and honest and humble tax
payer in the face and attempt to an
swer the natural murmurs of this IL
repressible disgust underline irritation
! such overwhelming facts produces
with the silly twaddle of sophistry
That man who has children does not
live at all who does not live for them.
The fathers children are his future
Country is a broad term of profound
significance. 1t comprehends the
past, the present and the future; it
embraces the graves of our ancestry,
the temple OF our religion, and the
cradles of our posterity. Patriotism
means something more than a niggard-
ly love of comfort it cannot be salts
fed with simply driving the wolf
away from the door of the present :; it
loves to look back with pride, and for
ward with hope. That man who is
false to his country's future is false
alike to his own memory and his chill
! drens prospects. The future should
be as dear to an honorable parent and
| patriot as the present. Debts are cur
ses, and that man can be no patriot
who bequeathes to his children a debt
he might have paid, and that they will
have to repudiate. That portion of
the public debt that is due now, ought
to be paid now. On the back of our.
legal tender notes these words are
printed: This note is a legal ten.
der,2 for what Pa for all debts, private
and public, except interest on. the pub
lie debt What must become of the
honorof the nation if they stoop to
make a wilful discrimination, and
compel one man to accept it as legal
tender, and allow another man to CON-
tumaciously refuse to accept it, and
recognize his right to impudently de-
mand gold? VIII not such unjust,
unjustitfable and inexcusable conduct
suggest to the people who will be. the
sufferers by it, that the honor of the
Government has dwindled down to
an insigniticance too utterly contempt
ible to stand for one moment in, the
way of reputation, and gradually re-
concile the proudest and most honora-
BILE people in the wide world to the
contemplation of that humiliating
proposition, as. one simply ofrexpedi-
encGy? By paying ayiin g these bonds, ih 4e7e
gal tender notes, and according to the
strict letter Of the contract large
portion of the national bank capital
would be retired, and the greenbacks,
at once take the place in circulation of
the banks notes. BY this substitution
of the one currency. for the. other, not
only would q uniform currency be-
come established, but, the interest on
a large portion of the debt would be |
saved to the people who. now, as hold.
eFs of the natiopal bank notes, are the
ultimate and real creditors of the |
Government, and who are now taxed !
to pay the interest on bonds which |
form the basis, and are held by the ma
tional banks. The national banks bor-
row the peoples money to lend it to
the Government, and while paying no
interest to the billholder, that billhold-
er is taxed to pay interest to the bank. I
The canceling of these bonds would,
of course, abolish the basis upon which
this centralized system of currency
rests, and whatever advantages are de-
rivable from paper currency would
then accrue to the Government and to
the people; and sooner or later we
could, and would, resume specie pay
ment. 19E l.
The different periods fixed by law
for the maturity of our governments
bonds, provides gradation admirably
calculated to finally emasculate these
National Banks of their power with
out plunging the country into a finan-
;ial revulsion. Let us review curso-.
lily the bondholder's bond history for
moment. He bought his bonds for
.orty cents in gold, some three or four !
Tears since; he has paid on them of ,
axes not ono cent, and has received ,
IN them 6 per cent. Interest in gold
and pockets a bonus of S65
n the differ ence between the price of ,
sold now and then into banking capt. !
al, he has had, and does still have. !
till greater and even more profitable y
privileges. By Investigating 100000 J
n bonds, and thereon obtaining $780, !
100 i'll circulating notes for the estab- :
ishrnent of a national bank, the bank I
rs would receive sixper cent. in gold =
N one hundred thousand dollars, !
While only ten thousand dollars of !
heir money would be beyond their a
ontrol, or not liable to be so invested !
S to produce them interest and profit. .
'hen sixty per cent. in gold would be !
eceived as an interest per annum on n
he ten thousand dollars which the q
wneFs of the bank could not imme- :
lately control or use, and this enor-, q
nous interest the tax-collector wrings.I &c
rom the hard earnings of the people. I
We dare say that the thinking minds I
f Europe are puzzled to decide at II
which to be most astonished-the na- +
udence of the opprcssor, or the meek =
ess of the oppressed, In no other I
ountry under the sun would the peo- Q
lie tamcly submit TO he fins shame :.