The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1868-08-12

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for him; you viii not do it. Gold for gold. |
and greenbacks for greenbaoks is the just |
and fair measure. q q
We were compelled 10 receive greenbacls |
worth less than fi'ty'cts on the dollar. for |
obligations payable W gold, fpr all properly |
snld, and debts contracted on the gold basis !
This traS repudiafinn Yet. MY repuUiitan
friend, you ssil this was all right. Aud
now, yen wish to cheat MS at both ends OF
the measurement. To illustrate: | ,arCd
you 600 bushels of wheat, inca jared in
the old democratic hushel, containing four
pecks. You gave me your obligation to re-
turn me 200 bushels Of the uBf measure.
In the meantime. the Radicals make new
measure, holding, say two pfckS, and cdH
it u hushel, and make il legal tender. You
come to ray me hack with 1000 Of the
legal tender, only $40 Of the old measure.
| object, but yen say that is the lava
tuShel is n tgshel, dollar Is a dollar.
an, compcEul To submit | have lost 500
huShvlsnf wheat. The new legal tender
hu,hel becomes generally established, and
heing in need of wheat | begroy | ,g00
bushels of you, measured ia the legal tender
tso rcck hushrl. and give yee an obligation
10 return you Gee bushels, without speci>
: fyinc what kind Of bushel. offer you.
! 900 bushels in legal tender bushels, the
same that received. You play Radical,
! talk OF puhlic necessity, plighted faith, and
| the spirit of the law. You tell me that |
| epposcd the two peck bushel at FIRST as
Unconstitutional that always had been In
! favor of the old fashioned four peck hushel'
/ and surely would not now be so inconsist-
ent as to offer to pay back loan III the
| legal tender bushel. and yoe Genounce me
as a repudiator You see the trickcry OF
| this. So in the greenback matter. The
hair of the dog is said to be good ton. the
bite You got us into debt on this basis or
/ measure we must get out OF debt on the
same basis or measure.
| You fnrther object and say, that this is
iust giving one note, drawing no interest, In
payraent one drawing interest, which you
claim is no payment at all But not so.
The private individuals note is not currenN
cy at all, cannot pay any dcbt-no man Is
compelled to take it. But the Greenback
currency, your law compels every man tC
take. 1t pays every demand except duties
and interest on the public debt You car
Immediately loan cut the sreenbacks you
receive at good interest, or use them II
pour business as you please. You must no
turn tail On your own money IN tha
wav.
b You further object that this policy would
so initiate the currency that it would he ut
terly worthless, that otherwise we could no
get greenbscks to payo off the bonds; that i
would take peck of greenbacks to buy
bush,l of potatoes as my friend Mr.
Bingham has it in his New Market speech
But the Pendleton policy is not open to sucl
, objection. All his speeches are guarded OF
that point He never proposed to pay tht
hole debt at once But We would no
: contract the currency for the benefit of cap
i al at the expense of labor; because thu
. business interests Of the country, could no
live under further contraction. You per
petrate a gross fraud on the Business man
\ when you get him into debt on an inHate'
currency, and then contract it TO his ruin
!, You eau break up all the octive, enterprls
i inr. business men Of the country, by sue
Z, an Insane policy. The Bankrupt court
would then do all the business Of the cour
: : try; and it would seem that Congress ha
: anticipated such result, by extending tn
. Bankrupt act.
: It 1866 we paid in National taxes abou
!; $500, OO0,0 900 In 1867, nearly as much
and this year, it is said the amount will b
some less But how much less we don
n know until the deficiency Jills are counted
:, It will be less, however, under the sam
rates, because the trade and business Of tn
u country are falling off, and we are becomln
u daily poorer and less able to pay.
's But why when we take into consider;
J; ton this immense revenue, why should tt
"a debt be Increasing? | know that it WI
III said to be diminished to some extent,
10 1866 and 1867. But | see that in JuI
y 1868 it increased nearly ten millions; al
ef the July statement, it is said, will show
<e sirilar increase; and at time too, whit
= they are endeavoring to make the be
= = show possible previous to the election,
u You say you are paying the interest on tt
d debt and that accounts for the money.
~ The interest is not quite $1,000 COO.
,nr Take that from S540, ,000,0 900 collected al
Va we have 400.000,000 for the "ordinary e
penses Of the government in a time
q, peace. Now. will any sane man presur
Il to say that, excluding the interest on t
public debt, that 100000 coo, with reaso
as able economy, ought not to pay all 9th
le necessary expenses? Thus leaving 260 0N
90 900 a year which ought to be applied to t
,se payment of the public debt. That alo
he would pay off the fve-twenties In less th
re seven years. OF course, to save this su
to We must cut off all useless expenses.
nd cannot do this and spend hundreds of N
nut lions upon standing armies, and freedmen
rk bureaus in the South IN time OF peace.
as We cannot, in addition to all the burde
imposed upon us here at home, submit
as be taxed to feed, clothe and school the II
YES negroes IN the South, or the whites 9th
all We cannot be at the expense OF govern
nd them and supporting ten thousand usel
Of officers, and OF paying their expenses
taxes IN addition 10 our OWL. We cal'
of and will not stand such robbery as ms
in The general government has 10 consi
,b tional power to take yoar property Tor
such purpose, and 1t ouE ht not 10 40 so