The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1868-07-31
Terms $500 per amsuns, In adroncc.


to the general government, If it be deemed
best to levy it, but do object to nav,na,
tax of S2I 90 on it and have IS so 81 fha 80
so paid 90 t. the rebel States. / would ~
once and freely give my entire bond back M
the government, i'll able as | am TO part with
it. rather than that these atrocious rebels
should get the benefit OF tax levied upon it:
and so would every loyal soldier in Name.
have spoken thus of my own poor little
bond. But let us see how this Democratic
policy OF distributing the tax among the rebel
States would affect the public interests of
Maine. Since reading the Democratic reso-
luton / have been studving +be onestion
somewhat, in all its bearings and / confess
that wonder how any party c,nId ave the
bardihood TO make such propositio,, Take
the bank stock of Maine as a further illustra-
ton. The national banks have about nine
millions of stock represented by government
bonds, and this stock, under Republican
legislation originating with Mr.. Blaine of tins
State, pays to-day to our own cities and
towns, about two hundred and twenty. fiyeau
thousand dollars per year. The Dem O,crats
propose to lay a tax on these bonds in ma
tional banks, OF about one hundred and forty
thousand dollars per year, whereof Maine
would get about t1enty-one hundred dollars,
and the rebel State about fftJ.fue thousand
dollars according to the principle of distri
button advocated by the Democratic State
Convention, and by <. Wilder Farley ia the
Legislature. ...- -.
Now let US see how this Democratic prop
osition to dibide the tax with the rebel States
would affect the savings banks in Maine.
There are twenty savings banks OF Maine,
and the total number of depOsltors exceeds
t~tntyJtue thousand. These t,oenty fce
thousand depositOrs represent the thrift, the
earnings, the economical savings of the labor
lnO De0Dlp OF Malne--thp little onrnluS laid
up lor rainy day 10y industrious mechanics,
by sewing women, by day lal,ornrs AMI by all
those iorms OF honest and intelligent labor
Whicn distinguish ant cnno1le New England
society. i'eiore the war, IN my better days
iihancially, was myself frequent 'lepositor
IN tne BapSnr oavinSs '5ank, AID me eight
h,mured ana MY collars that 1 nal there
When went INTO the war, AIDED III iecding
a1ii clothing my family during the two years
AMI a halt that was absent from them.
tlicse twenty Savings Banks in Maine,
nohi tl-'iay over hve millions OF dollars which
these twenty-five Thousand Geposit'rs have
iet with them, as the result oil their indus
try and their hnSality. VI this amount
about one million seven hundred thousand
dollars, are investa'. In United States Bonds.
Now, the Democratic party, through the res
olutions OF their State 'onvcption and
through the legislative resolutions IT +. Wild
"
halt per cent. ON these bonds; thus taking
from them over twenty-five thousand dollars
in gDld, 9r about thirty seven thousand dol
lars IN currency each year. And oi the thir-
ty-seven thousand dollars thus taken from the
frugal deprsitors in our Savii.gs' Banks, ,nly
abo-t six hundred 'ollfrs world come to
Maine, and about fifteen thousand dollars
would go to the rebel States, according to the
mode OF division proposed by the Democrat
ic party. Can any man stand before a loyal
audience and defend such proposition?
And then, beside this sam OF one million
and seven hundred thousand dollars OF gov
ernment bonIss in the Savings Banks, If
Maine. il, which twent, five thousand lard
working ,.ep lsitoIs are interested. We have
bupJre' s of poonle in yery humble circu,o-
stances. maimed sol Ii IS like myself VIII,
have a hundred dollar Lon ] ,.ra five br;ndrai
dollar bo,,j or a tbousarJ Il liar bond. and
perhaps representing the earnn gs and saw
mos o. lite time and tic security against