Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-10-08

Chaupaign county, VIII De Iouhu III eho
SrArssMtN of to-day. 1t Is filled with
facts, and Is worthy an attentive perusal.
The Pes Financier ofthe Radicals
Exposed-He BorrOvvs Gold and
Pays In Paper. -. = ~ r.. ~ ~
One EpwARD ATKINSON, Of Massachu-
chusetts, who has been engaged in an at
tempt to show that the National Debt is
fast decreasing under Radical rule, while
the official accounts show its increase at
rate SO fearful that,unless the "thieves' are
soon s.scourged from the Temple at Wash
ington, bankruptcy must inevitably ensue,
is now laboring to prove that the bond
holder must be paid in gold. ssa1 : U ..
The Journal publishes ATKINsoN's speech
and ATKINsoN's argument, as SORT OF Goo
send. To its careful and prayerful atten-
tion, we commend this fact, stated on the
authority of General BENJkMiN F. BUTLER.
THIS man ATKINSON, before the legal ten
der act was passed, borrowed fifty thousand
Dollars In Gold from Savings Bank, in
Essex county, Massachusetts, which, under
the laws then in existence, must be paid In
kind. When the legal tender act was
passed. this honest financier took advan-
tage of its pro visions, and paid the debt in
Greenbacks, then worth but sixty-eight
cents on the dollar, thus defrauding the
widows and orphans who deposited in the
Savings Banks, out of sixteen thousand
dollars in that single transaction. Fga
General BUTLER thinks, as does every
LAWYER in the land that as the Bonds were
purchased with Greenbacks, and that as
they were to be paid in Greenbacks, the
bondhoiders have no right to repudiate the
contract and receive their pay in gold.
This argument ATKINSON, the Radical
pet finaneier, claims as dishonest, that as
portion OF these bonds are deposited in
savings bank, to pay in Greenbacks it would
be a swindle on the widows and orphans.
BUrLER comes back on ATKINSON with the
expose of ATKINsON's swindle, whiehwhe
puts into form thus: - ,,-...
GLoucEsrER. Sept. 80, 1868.
EDITOR TRAVELLER: ssssd-} fs7.ss-s asiia
'%eps Mr.. Atkinson, has
written himself into some notice lately, in
opposing what he has been pleased to as
sert are my views on financial measures,
and specially by disclosure that he has de-
frauded a savings bank in Essex eounty;of
which he had borrowed $4,000 in gold, by
taking advantage of the legal tender act,
and paying, according TO the :. letter of the
law,p in greenb backs, worth at the time on.
ly 6S cents on the dollar, by which the
GwidoWs and orphans - depositing their
little savings there lost $4,000.
t1' fT' a1TS9'' 7ii.'s.f BENZ. F. BUTLER.
II this Is not what is called ..sockdol-
ager y on ATKINSON, we confess ourself ig-
norant of the meaning of the term. pc -. =.
But ATKINSON was not the only man7o
the Radical persuasion that thus took adj
vantage Of the law. (which law was so
worded as to cover all previous contracts)'
and paid their debts in deprecated cur
rency when the contract called for Gold.
Not Bank in the United States but avail
ed itself OF the retroactive part of the le-
gal tender law, to get rid of the payment
of their own notes, promised in gold, by
paving in deprecated Greenbacks, and not
one but refused to pay deposits in coin,
even where the certificate of deposit called
for Gold, in payment of the amount depos-
tied. And the men who acted thus dishon-
estly, because they hold bonds, demand that
the legal tender law be violated and they
be redeemed in Gold, when the contractwas
that they were to be paid in paper.
General Grant I'm Cleveland Two
- Years Ago. II Il -
In the STATESMAN of yesterday we made
mention of the fact-drawn from us by
scoundrelly carricicature of Gen. FRANK
BLAIR, In the Journal of Tuesday-that the
Cleveland Herald dare not deny the fact as
stated by the Plain Dealer of Gen. GRANT
being overcome by liquor in that city, as
WENDELLi PHILLIPs says he was in the