The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1868-08-06
"BLoArED BONDHoLDERs.-

sbLOATED HON
when the nation was struggling to put
down Its insurgcnt foes, and needed the
sinews OF war, patriotic men and those who
had the mesns-some more and Others less
stepped forward and gave the Govern ment
helping hand. All along during those dark days
there were plenty Of croakers, persons who
prophesied evil things, who said that we could
not overthrow the rebellion, that the war was
y "failure" and all that. OF course, II the
civil war then being waged could not be
brought to a close, the Government might, in
all probability would, have been unable to
pay its debt. Still these things did not deter
the lovers OF Union and good government
from loaning to the National Treasury their
accumulations which had been earned by
many OF the lenders little by little.
These people were proud and thankful 10
have 1t known that they aided the Govern
ment In its hours of extreme need. Mr.. Hora-
ito Seymour is proud to have 1t known that
he never loaned the Government a dollar;
never owned bond, and does not now own
any; and at the solicitation Of his friends he
has written letter to make known this fact,
which the Democratic papers are circulating
over the country, as they seem to think, to
his credit
They want to prove that, he is like Pendlc-
TON, not n uOr u ltlenu OIL the
"bloated bondholdcrs." The time will come
when the children OF the men who stepped
forward and furnished the sinews OF war to
the nation in the hour OF its EXTREMIST peril
will be glad to be able to say our fathers came
up to the help of the Union cause in the
darkest hours OF the republic.
The Democrats In their foolish harangues
against those who hold United States securi-
ties seem to take 1t for granted that these
bonds are in the hands and are owned BY the
rich men of the country, whereas 1t Is q fact
that not one in a thousand OF the men who
hold these securities are what might be called
rich men.
1t is known that fully one-third part of the
national debt 10 held by the savings institu-
lions of New England and New York, and
with whose money are these national securi.
tics purchased Are rich men the depositors
in savings banksl Not at all. These deposit
tors are servant girls, mechanics and lsboring
mon, and persons OF small means, widows and
orphans, and minor children; and yet the DEM
ocratic spouters and Democratic editors who'
like Pendleton, Eallandigham, Horstio Sey-
mour, and Brick Pomeroy, men who opposed
the government all along during the war and
never loaned the nation q dollar, think, or
seem to think that they have achieved asignal
attempted something to put down the "bloated
bondholders."
The probability is that such men would not
hesitate to rob widows and orphans and to
despoil the weak and the helpless, II by so
doing It promised to bring their party into
power, and offered any assurance Of the spoils
Is Mr.. seward Among the Prophetsf
When the question Of the admission Of Cali
fornia was before the United States Senate,
some eighteen years ago, Mr.. Seward, then
Senator from New York, made 8 speech In
which no said
"The Atlantic States through their CONNER
clal, social, and political Abilities and sympa-
thies are steadily renovatiag the governmental
and the social constitutions OF Europe and OF
Africa. The Pacific States must necessarily
perform the same sublime and benehcent fune-
lions In Asia. IT, then, the American people
shall remain one undivided nation, the ripen.
growing wider and wider for four thousand
years, will, In its circuit OF the world, meet
again and mingle with the declining civiliza.
new and more perfect civilization will arise to
bless the earth under the sway of our own
cherished and benefcent democratic institu.
lions"
Certainly these were prophetic words, and
we now begin to see the realization of the pre-
dIction then made. The new treaty with
China, which so distinctly bears the impress
of Mr.. Stewards great mind, 10 the beginning
ofthat grand movement which Mr.. Burlin-
game so appropriately told US in one OF his
speeches meant tho Qualification OF the human
race"
On Tuesday Mr.. Seward entertained the Chi
ncse embassy at his mansion In Auburn, and
1t must have been qualification to the distin-
Euished diplomatist and statesman that the
words uttered by him so many years ago were