Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1868-08-07
The BOndhOldInE Aristomacy.

THE Democratic platform, and orators,
and papers, with the old Democratic pol
icy of exciting the poor against the rich,
and the people" against the Government
not only insist upon paying the debt in
paper, but demand what they call one
currency for the laborer and office holder,
the pensioner and the soldier, the producer
and the bondholder This is, of course,
intended rs "gag," and it is the very poor
est kind. 1t is meant to suggest that there
is lazy aud luxurious class of the COM
munity, q bloated aristocracy of bondhold-
ers, whom the virtuous and toiling Demo-
cracy" are to bring to grief 1t is worth
while, therefore, to expose this aristocracy
and privileged class, which is fattening
upon the life blood of the nation. Who
are these rascally fellows who are to be
made to suffer ? Z
Beside the three or four hundred milli-
ons of the bonds held abroad, mainly in
Germany, they are the Investments of saw
ings banks, of fire, marine, and life insur.
mce companies, and Of trust estates. AS
we have before stated, the savings banks
in New York hold nearly fifty millions of
dollars; in Massachusetts twenty-five mil
lions; in Rhode Island thirteen millions
and so in other States. The life insurance
companies in the city of New York invest
twenty millions of dollars in these finds |;
the marine and fire insurance companies
about fOrty-six millions of dollars. The
various guarantee companies in New York
hold hundred millions of United States
stock. Probably, as a careful estimate in
the Eoeniag Post showed, at least two.
thirds of the funds are owned by such
companies sE.sg 800
Having thus discovered where the money
is, let us now inquire who are the proprie-
tors of it--who are these lazy rogues that
put money in the savings banks, and snap
their fingers at the toiling "masses?" In
the State of New York the depOsitors in
savings banks are nearly five hundred
thousand in number, and in Massachusetts
more than three hundred thousand. The
Post, of (which we have spoken, had before
it list of the occupations Of the principal
depositors in one of the savings banks of
this State, and we find this body of Sy-
barites to be composed of persons who
are even more laborious than delegates TO
a Democratic Convention. AL the
branches of hard workers are represented
in this army. The largest in the number
are domestic servants; then technical Ia
bOrers; then seamstresses; 4th, the clerks;
9th, tailors; 9th, walters and 9TH, cart
men. This is the luxurious aristocracy
which is to be brought low These are the
useless members of society, who, having in
vested their all in the promises of the
United States, are now to find these prom.
ises as valuable as brown paper If the
Democrats can only persuade the people
to repudiate. f
1t is against this pampered body, against
domestics and seamstresses and clerks and
walters and cartmen-it is against the
poorest and hardest working members of
society," that the Democratic Convention
raises its cry Of reputation. When these
persons invested in the Government bonds
the Government told them they were to be
paid in gold. "PaY 'em in paper, shout
the Demodratic leaders. When they took
the bonds the Government declared them
free from taxation. "Tax 'em roundly,n
cried the Democratic leaders. "But,"
plead the poor laborers, eve lent money
to save the Government" "Hoi hop
scream the Democratic chiefs, " didn't we
tell the Government four years ago that it
couldn't save itself and ought TO surren.
deE2 II youtrusted it you must pay the
If the people care SO little aboutit that
they permit the Democratic chiefs to OBJ.
tain control ofthe Government, they will
pay the penalty, and they will deserve to
pay it,-Harper's Weekly. ~.
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