Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1868-09-26

CidISu III 10 D0 IdAlUie, anu JHe Swings
bank henceforth pay the same state and
local taxes on the deposits invested in
1925, ,00O, 900 of bonds that they would
have to pay if invested inanv other way.
Trust companies and private bankers
whose capital is kept invested in these
bonds pay the same state and local tax
thereon that they would have to pay
were the money otherwise invested.
Here, then, We have the fact that 81 =
0O0,000,000 of the national bonds now
pay the local tax upon their full lvalua-
ton, equal to any other property. and
that portion of them held rs the capital
OF the National Banks alone yields to
the several States, annually, tax of ss,-
sl2,s23.
The bonds, we have shown, are held
IN the proportion of 81, 500, 900, 900 in the
United States, and $500. 100000 i'm for
eign countries. The bonds held by the
United States pay tax to the govern
ment of five per cent upon their annual
income, which is in addition to the tax
collected by States, counties and cities
upon the capital invested in that form.
Democrats will hardly be able to find
any other description of property which
pays more taxation, according to its real
value, than do these one thousand mil
lions of national bonds. CHicdgo Ifib
-..-..
IMPENDING WAR.-The rebel papers
can hardly restrain their impatience and
wait till the 3rd of November before be-
ginning a general massacre of the Re
publieans i'll the South. They count with
certainty on the election of ,Scy mour and
Blair.
The Chattanooga CTcnn,) Union of the
25th inst, admonishing General Forrest
and his friends, not to he hasty, and clo-
ses with the following words:
''Suffer any and all taunts or tyranny
until after November, and thcn-we
would be nimble squirrel than white
Radical" J.': -'l' '...1 ttte -.'' no
The Mobile Tribune grows rapturous
over the prospect and exclaims i
''If we are successful IN the approach
ing contest we shall regain all that we
have lost in the ''Lost Cause" We shall
be freemen once more. We shall have a
country. We shall be ablelto reverse
the iron rule which has been imposed up
on us, and turning that into brands of
fire, hurl them back on the heads of the
rcbellious wretchps who have inflicted so
many foul and fragrant wrongs on our
bleeding country. Once more to the
breach, then-yet once more ! And when
the cloud shall have cleared away from
the flaming field, our flag, the grand old
Confederate fag-will be seen in all It's
glory streaming like the thundcrbolt a.
gainst the wind. Let us rally then once
around TIE DEAR OLD FLAG, which we
have followed so often to glory and vic
tory. Let us plant our standard in the
midst of the field, and let us odcc more
raise the war cry, 'IIe who doubts is
damned he who dallies is dastard.'"
The Atlanta Constitution is propheti-
cal: -' .n t@'.' ''...
''The guilty Belshazzers by whom We
have been oppressed are trembling all
over the land. The verdict, of an out
ragged people they read in the hand writ
ing on the wall. They have no peace in
view of the. terrible Judgment waiting
them. Soon there will be rattGng in
the valley, of dry bones. and the whiten-
ed sepulcbres will expose the rottenness
within. Forbedr little longer, draw
another draft upon long tried and ex-
hausted patience, step cautiously above
the encrusted volcanoes slumbering be
meath your feet, with a firm trust in the
saving power Of democracy, for the day
dawn Of a new existence will. soon be
visible in the east" ..,,...,n,,.. ) g.. 49,,