Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1868-07-23

cause we mean 10 meet the case an
, cure tie malady; Among Othe
things which have caused anxiet
: in the disordercd state Of our In
ion, Is the fact that om government
bonds are mainly held in one sec
ton Of our country. The labor 0
the West puts its earnings in largD
degree into lands which are tay
J burdened. The labor OF the Eas
putsits earhingsihto savings banks
life insurance, or in other forms o.
moneyed Investment. Thus they
are deeply interested in government
bonds. The amount in savings
banks, in this State alone, is Sl40,.
OOO,00 This Shows that there
must be at least s5O0,OO0,OOO OF
money thus deposited in all the
States. The average Of tile depos-
its in 1867, in the State Of New
York, was S270. The number of
depositors inthe State Of Nav Y orl1
is about tive hundred thousand
(4S7, ,479 !, andin the city they num-
Der more than one third Of the pop
ulation. This will make the mum
Der of depositors in the Union more
than l,800,000 In tile State of
Connecticut, in 1S65y9one quarter
ofits population had deposits in
savings banks. r-t+.or.f
1t is not unusual for men of
small property to insure their lives.
The number of policies given out
by all the life insurance companies,
are abott four hundred and fifty
Thousand, and the amount Of inst
rance about one thousand two hun
dred and flftymillions The mon
ey invested is held as a sacred trust
as it is a fund laid aside for their
families when the insurers die. All
Of the funds Of savings bonds and
insurance companies are not put in
government bonds, but they hold
an amount which would cripple or
ruin them iftbe bondsare not Maid
or il they are paid in debased pa
per. live add the trusts of wild
ows and orphans, we find that
2. 500. 600 persons gre interested in
government bonds, who. are not
capitalists and who are compulsory
owners at present prices under the
operation of. our laws. There is a
fear that this state of things will
make a clasbing of interests be-
tween the labor Of the East and the
labor of the West. 1t is clear that
our opponents hope that il will hin
der us from going into the contest
with compact ranks and with one
battle cry. However alarming this
aspect may be, / am sure there is
policy to be marked out which will |,
harmonic all jarriug interests. Itb
can be shown that the dangers
spring from unwise conduct of pub
lie affairs. They have come.up like /
fogs of nightrfrom foul fens; they /
rise from ,unwholesome,, darkened I
councils, and will fade away before
the light and life of a clear and
honest policy. Is it true that the
laborer, the pensioner. the tax nay
ers and the bohdholdels have con 7
fcting interests which will hinder
them from acting together in up |
holding constitutional right F.? WHY
are the taxpayers laboring under a .
lebt which bears an interest of ski
Der cent, while Governments can
borrow money at three Der cent, |
md at t,thislow interest their bonds
sell for better prices than ours ?-I
Why is the laborer. the farmer. the
Mechanic and the pensioner paid
n bad money, SO thatthey get one
,uarter less than they are entitled
o on every paper dolIer paid toll
hem? WhH is the "a bondholder.
yronaed blythe, tainted credit of the
government, SO that he cannot sell
lis bond for as much bv one-third
IS the citizen of Great Britain gets
on the bond of his government,
which bears a lower interest and
yhy is his claim made odious in the
ives of the people by the fact that
lis interest is paid in specie, while
hey are compelled to take debased
,aper p. 1t is clear ITO every
houphtful man that public safety
nd honor will not admit of our
laviDg two kinds of currency for
nv. LENGTH of time We must have
Uniform currency for all classes.
There is but one question to be {
ettled, Shall our currency be uni
ormly good or uniformly bad2-- {
IRE we to force the bondholder to
AXE bad monevP Are we to have
n honest standard Of value for all, t
I is industry, enterprise and mo l
alit5 to be perplexed and disorder !
aH. &