The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1868-08-29

&C.. 81, mus, be always borne in mind
~ !. .o,o of the bonds are due yet" shows
.Lo oaIibre of Gus. Koerner lie knows
and sve,vbody knows, that large portion OF
them are payable now. They are not due
that is, the owner of them cannot demand
paw, until they have run twenty years but
they are payable, at the option of the United
States, any day after they have run i've
years. Although the people have this right
and the bondholders knew It when they
bought the bonds Koerner is exceedingly
afraid the people will avail! themselves OF
this right, aud pay the bonds before the
bondholders want them paid and thus change
an interest paying debt into a nonhnteres'
paying debt, and innocent koerner) "de'
fraud" the bondhoders Of years Of fat in
teres'.
Now Just 20 back and read the extract
from Koerner, aud then read the following
from one Of the biggest radicals in the laod
Senator Sherman, Of Ohio, delivered il
speech at Hllsboro, in that state, few days
ago. Senator Sherman then said
aButbere the difficulty arises, may the United
s,a,es nav the debt in lawful money, such a. tbe
law cornpes al their creditors to take, or must II
he in gold orsilycr coini Now, this depends up
on the contract betHeen the parties. When ana.
ton deals with party, and stipuates TO pay mon
CIV. the presumption is, that the money! be PAID
| is that kind Of money recognized among nations
unless some other money Is stipulated for in tn
| contract Now when W. come to look at the law
which is the essential part OF the contract, we bnC
| aproyi,lon that kind Of money defined IN tina
! act and called lawful money, shall be lawful ten
der n payment Of oil debtS public and priya,e,eI
cent the interest on the public debt, which must b.
paid incon. Now, | have reasoned about this mat
| ter very often, in public and private discussion
| | have made and answered collateral arguments II
speechts and reports but my mind always come
back to this conclusions that, under the law the con
| tract bet ween the creditor and the United State
that the creditor should loan the United State
lawful money, or paper money, that the Unite
| States would pay the interest at per cent, u
coin, and that the United States might, at the en-
Eve wears, return to the creditor the prncipn
sum in the same money loaned to the government
or might postpone this for twenty years
II that is not a complete answer TO Gu.
Koerner, we never saw complete Answe
to anything.
Radicals charge that democrats are tryin
to deceive the people on this financial que
ton, when the very opposite is the fac
The democratic party is the only party whit
presents the truth as it is. Aud We be-
challenge the republican orators and new
pagers to publish the views Of some of the
leading men on this question Of paying Il
bonds in greenbacks; such men as Tht
Stevens, who was chairman OF the Ways Al
; Means Committee when the law was passe
John Sherman, present chairman Of I
, senate Finance Committee Senator He
derson, of Missouri; Senator Morton, Of |
diana, and Representative Butler, OF Mass
chusetts. They dare not publish the vie'
Of these men, because it would show t
people that the democratic doctrine is rig
. and the republican doctrine is wrong.