The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1868-08-14


out new bonds, bearing less interest +;
/ which would not have the odious ex-
emption from taxation. Our debt
would have been less, our interest low
er, and our taxes reduced. The hours
of labor could be shortened.
The Effects Qftte Debt on the Ioiier.
What now iengthens the time of
toll? If we were free from any form
of taxation, direct or indirect, six hours
of work would earn as much as ten
do now. One hour more of work
ought to meet Il Iaborers share of the cost
Of government, another hour should
! pay his share of the national debt. He
now works two hours more each day
than he ought to pay for the military
and negro policy of Congress and its
corrupt schemes. 1t has just passed a
law that eight hours make a days lab
| or, while it piles up load of taxation
| which forces the iabOrer to work ten
hours or starve. But the wise and
honest use of this $500, 100000 would
not have stopped here. When it car
ried our bonds to the level of specie
value, it would have carried up our
currency to the value Of specie. The
plan Of making our currency as good
as gold by contracting its volume car
ries with it great distress and suffering.
But if we lift up its value, by getting
rid of the taint upon the national
credit, it harms no one, it bless
es all. Now, our legal tender and bank
currency must be debased while our
national bonds stand discredited.-
They must rise and fall together
They are all based upon the national
credit. Bank notes cannot be worth
more than the bonds which secure them.
If, then, the $500, 900, 900 had been du-
ly and honestly used to pay our debt,
to-day the taxpayers would have been
relieved, the mechanic, laborer, and
pensioner would have been paid in
coin or money good as coin, and would
not be cheated out of 0ne-quarter Of
their dues by false dollars. The hoI-
ders Of bonds in savings banks or life
insurance would be better off, as their
securities would be safer and worth
more. There would be no question
how they should be paid, for this ques-
ton grows out of the folIies of those in
power and will disappear, when they
disappear from the places they now
hold. The bondholder would no lon
ger stand in an Odious light. He
would not he charged with the taxa
ton which has been used to hurt, not
to help, his claim. fla wise, an hon
est use Of the public money would
have done this good in the past, it
would do it in the future.
The Radical Negro Policy.
But the Republican party, at Chica-
go, pledged itself, by its nominations
and resolutions, to keep up its negro
policy. 1t is impossible to give untu-
tored Africans at the South uncontroll-
ed power over the Government, the
property, and laws OF the people of ten
States by excluding white votes, with
out military despotism. You cannot
give to three million of negroes more
Senators than are allowed to the fifteen
million of white men living in New
York, Pennsylvania, Ohio, Illinois,
Indiana, Wisconsin, Iowa, Kentucky,
Missouri, and Michigan without keep
ing up great standing armies. With
out general amnesty, and the restora-
ton of the suffrage to all the whites in
the South, great standing army must
be permanent institution. In order
to curse the South with military dies.
pOtism, negro rule, and disOrganiZed
labor and industry, they cursed the
farmers of the North with taxation,
the mechanics with more hours of toll,
the labOrers and pensioners with deba-
sed paper, the merchant with shifting
standard, and the public creditor with
dishonored and tainted national faith.
Are these classes to turn and to see
how each can push the burdens upon
each other, or are they to make COM
mon cause and do away with the curse
of bad government? If the Republi-
can policy prevails this struggle must
begin. Either the labOrer or the capi-
talist must go down. Both cannot
live under it, and men must choose be-
tween. If, on the other hand, the pol
icy of selfish ambition and of sectional
hate is put down our country will
start upon a new course Of prosperity
and all classes will reap in common
the fruits of good government.
The Great Question 0t the C3Damg E2cc-
ton.
The next election will turn upon this
question, can the congressional party
succeed in their efforts to excite and ar
ray the industrial and moneycd inter
est against each other, or will these IL
mite and turn out the authors of the mis-
chief under which they are all suffer
ing? The only hope of our opponents
is discord where there should be har-
mOny and concert of action. In our
State, at the last election, we appealed
to all classes to help us To save New
York from misgovernE1cnt and all
came up to the rescue, and we made "A
change of seventy thousand. Let US
again appeal to all classes interested
throughout the Union; let us go be-
fore the people with these facts, and
we will make a change which will
sweep the wrongdoers from their pla-
ces. We say to the bondholders and to
the laborer who has put his money in
tn so I,in0S hanks. EtXVa dn not wish IN