The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1868-08-08
No.. 8


and 1t Is already hinted that Maryland and
Kentucky will be, by mere brute force ex-
Guided from the vote on President on the
Pretext that their representation has not
oeen made to conform to the new rule es-
tahlished by that amendment
My trlends-My Republican friends-are
you satisfied with this condition of things
/ A voice, no, no. Is this the restoration
/ your party promised Are vou WILLING tb.t
this gigantic civil war should end in this dis
graceful scramble for mere power2 Are
you willing that the lives which were lost.
the blood which was shed, the money which
was spent, the high hopes which were ex-
cited, should have no other end than this
pitifui party scheme? Are you willing that
the fate Of American liberty, the high inter
! ests, moral and material, involved in a re-
| stored Union, should thus be made subser-
Went to mere party success ? l cannot be-
| lieve that you arc satisfied with the Republi-
can party in this.
WHAT THEY PROPOSE
They tell you that the work is accom-
plished that the Union Is restored; that
whatever is wrong, will be speedily righted
by the States. Do not be deceived This IS
not so. This is one act in the drama We
are in the midst of the revolution. It is
driving on with accelerated, speed. It's
direct it. They dare not pause They will
he consumed in the flames which they have
lighted. If they succeed in gaining power
by this means, they will tomorrow devise
new purposes, and want new powers. and OBJ
tain them by new means This spirit of
revolution Is Unsuitable. It slumbers, but
only to gain streh 9Th 1t pauses, but only
to acquire accelerated speed. 1t uses the
cunning devices and uuscrupulous intrigues
Of Nkan -, g.
employ tIe sword of the soldier 1t uses
the Long Parliament and the Legislative As
sembly-the block and the gullOtine-and
if these fail, it calls for a Cromwell and
Napoleon.
The radicals understand this. They pass
laws and organize States, and provide for
electoral votes and impeach the President,
but in the meantime they distribute arms to
the negroes of the South they bind to them
the army and the navy by holding access to
the paths of promotion, and they present as
their candidate for votes that man in whose
hand they have put the powers of the Presi-
dent and the absolute power over the reOr
ganization of the Southern States.
If they cannot elect by frand, is there no
reason to fear they may usurp by force2
A decisive, overwhelming defeat at the
polls will avert this danger and save to us
peace, at the same time that it saves to Us
ADeFLy' lApplauseI
THE FINANCIAL QUESTION.
And haze you been better satisfied with
the management Of the finances and taxa
ton
The whole scope of the financial policy of
the Republican party is to compel the pay
ment Of the public debt in coin, and so to
reduce the currency as that the coin will be
most difficult to get, and most valuable to
possess. Its whole taxation policy is to sub
ordinate labor to capital. and the agricultu
raj labor of the West to the manufactures of
the East.
There are outstanding to day about seven
teen hundred millions of dollars In five
twenty bonds. They are payable il legal
tender notes. The law says so; the bond
says so; Thaddeus Stevens, Chairman of the
Committee of Ways and Means, said so;
Senator Sherman said so; Senator Morton
says so; General Schenck says so the Fund
ing Bill of the Senate says so; the Funding
Bill of the House says so, for both propose
to pay in legal tender the bonds which are
not surrendered for long bonds at less in
terest; the Democratic Conventions in Ohio,
and Indiana, and Illinois and Pennsylvania,
and every other Western State say so; the
National Convention which sat at New York
by a unanimous vote, said so.
Yet the Republican party, in the face OF
bonds shall be paid in gold, and thus, at
present rates, adds seven hundred millions
to the public debt.
! know the Republican Convention gave
out an uncertain sound. but their speakers
and newspapers have interpreted and given
it a meaning. The Gazette and C0Dlmercial,
differing as they sometimes do on other
points, to the distress of the faithful and the
scandal Of the family, agree in this, that the
D ~. -,
fve-twenties in gOld, and the Democratic
party means payment in greenbacks l
agree with both of them. That is just what
they mean.
The Gazette says it is silly to talk of dis
charging one promise to pay with another
promise to pay. Not at all, If that was the
| contract And it was the contract here The
Government said we will Issue legal tender
notes, we will put them in circulation; We
viii take them for taxes; we will require
everybody to take them for debts we can
buy with them everything We need we will
need great many; we will offer large in
ducements to get them; we will issue our
bonds bearing six per cent. interest in gold !;
we viii sell them at par In legal tender; we
will give them FIVE years at least to run
twenty years If our necessity requires-as
/ long as they do run they shall pay six per
/ cent interest in gold. Greenbacks deprecia-
. =
The capitalist said we will buy these
I bonds at fifty cents on the dollar They
/ will pay rs twelve per cent interest in gold
/ They are free from taxation They will not
/ be redeemed at least. for FIVE years. That
/ will give sixty per cent of the whole amount
/ in five years. They viii not be redeemed
/ until the war is over, then greenbacks will
/ be more valuable. If gold stands at 40 per
/ cent. when we are paid, we will be very well
content So the capitalist took fifty dollars
/ in gold, and with it bought a hundred dollar
7 bond. He received six dollars a year in
/ terest He held it five years, and has re-
ceiyed thirty dollars in gold. If he is paid
one hundred dollars In greenbacks to-day,
he can replace his original investment of
fifty dollars with seventy-one dollars in gold.
/ Twelve per cent interest in gold aud an in
crease Of the capital nearly fifty per cent
I is that very hard on the bondholder, or a
very silly bargain, as the Cazette seems to
think.
But the Republican party says that these
bonds stall not be paid in greenbacks, and
. that thew shall not be paid at all for forty