The Shasta courier., 1868-09-05
Who are the BondnoIdersf--Read and
Learn.

The Democrats, in their anxiety to get into
oihce, are continually raising false issues
with which to blind the eyes of the people as
to their reasonable record during the war
for the Union. They wage kind of guer-
rilla warfare on the Union party, but have
no great or living principles of their own to
command the support of the people But of
all the false cries raised by the Democracy,
that in relation to United States bondbolders
is the most eontemptible and senseess They
constantly assert that these bonds, issued to
sustain the life of the Government, are held
by capitalists and wealthy spectators. who
| roll in luxury and untaxed wealth. They do
his in order to excite the prejudice and
jealousy of the poor and ignorant who do not
happen to own any Of the bonds.
Now, in order TO get at the truth in this
matter, let US refer to positive facts, ELECTED
from authoritative sources. We will call to
the stand no less a person than Haratio
Seymour himself, who ought to be taken as
good authority by Democrats at least. In
his great speech delivered in New York on
the 18th of January last, be made the follow
ing statement:
The labor of the East put IT'S earnings
into savings banks, life insurance, or in other
forms of monyed investment. Thus they are
deeply interested in Government bonds The
amount in savings banks in New York alone
is one hundred and forty millions This
cho tbat ka
millions of money similarly deposited in all
the States. The average of the deposits in
1867, in the State of New York, was two
hundred and seventy dollars. The number
of depositors in the State of New York is
nearly five hundred thousand, and in the CITY
they number more than one third of the pop
uation. This will make the amount of de.
posits in the Union about one billion,
eight hundred millions. In Connecticut,
in 1865, one quarter of the population had
deposits in savings banks. 1t is now usual
for men of small property to insure their
lives. The number of policies given out by
all the life insurance companies is about one
billion, two hundred and fifty millions. The
money invested is held as sacred trust. as
it is fund laid aside for their families when
the insurer dies. All Of the funds of savings
banks and life insurance companies are not
in government bonds, but thev hold an
amount which would cripple or ruin them,
if the bonds are not paid, or if they are paid
in debased paper. If we add the trusts for
widows and orphans we find that fully two
million five hundred thousand persons are
interested in government bonds, who are not
capitalists.
Thus we see that in the city of New York
one-third of the entire population are deposit
ors in savings banks, the securities of which
are based upon Government bonds, and that
in the State of New York the deposits over
age two hundred and seventy dollars to each
depositor. We also see, according to Mr.
Seymour's statement, that fully two million
FIVE hundred thousand persons are interested
in Government bonds This effectually ex-
plodes the senseless cry about sordid capital
lists and bloated bondholders. The quotation
made clearly shows that the bonds have not
accumulated in the hands of shylocks and
millionaires as asserted by Democratic dem
agogues. We will give still further ilustra-
tions as to who are the bondhoders. Figures
taken from bank registers and official tables
show that deposits in the savings banks of
New York amount to over fifty million dol
lars, and the depositors number five hundred
thousand. In Massachusetts, the deposits in
the savings banks amount to twenty millions,
and the depositors number over three hun
dred thousand. Deposits in the savings banks
of Rhode Island amount to thirteen million
dollars, and the depositors number two hun
dred thousand. Carefully prepared statistics
show that the depositors in the savings banks
of the three States alluded to may be classed
as follows: First, and largest number, COM
mon laborel second, seamstresses and mili-
ners thru, clerks; fourth, tailors fifth,
waters sixth, cartmen and draymen. These
figures are reliable, and ought to serve to
Democrats who prate so loudly about g aris.
tocratic bondholders"
The foregoing statements and facts clearly
prove that the mass of Government bonds are
held by laboring men or persons of moderate
means. Honest, hard-working men and wo-
men have invested their earnings in these
Government securities, and they are the real
bondholders of the country. When Demo.
Gratis advocate taxing these bonds, or paying
them in deprecated currency, they strike not
only at the credit of the Government, but at
the interests of the laboring classes.
The UPRISING. There appears to be a per-
feet uprising of the people in San Francisco,
in behalf Of Grant and Colfax During the
past few weeks meeting after meeting has