The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1868-07-24
COURIER AND SEYMOUR

"a ~ 66 l. m ~ &Ss
We make a couple of extract
from the COurier's editorial o. tn
Democratic convention and folio,
them by extracts from the speech o
Seymour before the New York Dem
ocratic Gonvention March IL, 1868:
In Hon. Horstio Seymour, the De
mocracy have a candidate whose
patriotism, honesty, commanding tai
ents and sound craftsmanship, ar
everywhere recognized, and may fee
proud of him as their standard bear
er 10 the great contest for restors
ton of our country to its former stat,
of peace and prosperity.
Y
And now let the noble and ever
faithful Democracy of this county
buckle on their armor, and With their
and determination of which
they are capable, and old Hancock
will roll up such majority next No
vember as was never known here be
fore. And the despoilers and thieves
who during the ascendency of the
Republican party in power, have
plundered the peoples treasury, and
overburdened labor with taxation for
the benefit of wealthy non-produc
ing bondholders, will be hurled from
power. never again to disgrace this
country and betray an over-confiding
people.
What did Seymour sayf Wit
ness:
1t has been proposed to pay most
of the Government bonds in the pa
per money called greenbacks, and 1t
is claimed that this will save the peo-
pie s400, 600, 900, without doing in
justice to tn holders, a. it is alleged
it was the contract they should thus
be paid. This is denied by others,
and il is clear that the proposal has
excited alarm, not only as the mode
of payment, but as a growing feeling
in favor of repudiating the whole
debt. =
The sectional division ofour coun-
try into debtor and creditor States
has caused much anxiety in the
minds of thoughtful men, lest it
should distract the counsels of our
party. While on the one hand, the
oppressive legislation which burden
the West with high tariffs, together
with the fact that the revenue drawn
from all sections are mainly paid out
to one, excites deep feeling; on the
other hand, the bonds, so unwisely,
wastefully Issued, have gone into the
hands Of innocent holders who, to a
vast amount, are compulsory owners.
1t is q mistake to suppose that they
are mostly held by capitalists. Large
sums belonging to children and wild
ows, under the order of Courts or the
action of trustees, have been invest
ed in Government bonds. The vast
amounts held by fire and life insur-
ance companies and savings banks
are in fact, held in trust for and are
the reliance of the great body of ac-
tive business or lsboring men or wo
men or of widows and orphans The
savings banks of this State which are
the depositaries of the poor, or of
persons Of limited means, bold about
S60, 100000 of Government bonds. |
The whole amount held in the State
Of New York, in the various forms of
trust, will not fall below 5000, ,000, 600. |
II we look into other States we shall /
see that only q small share of these
bonds are held by men known as cap
but they belong in fact. Hf
not in form, to the business men, The
active and laboring members of SO.
cisty. The destruction of these Sc
curities would make q wide spread
ruin and distress, which would reach
nto every workshop and every dis
.rict, however humble.
There is q perfect accord in the 1
Democratic ranks as to the policy and |,
he need Of honesty and economy Il
'ut there is some difference of opin,
On as to the construction of the con.
ract with the creditor. Some hold i
hat it is right, and that it is due to
be taxpayers that we should save
tive can by paying the principal
It in currency, but they un-
eforce Of their own argu-
> q mistake to suppose q
of the bondholder and
rs are antsgonistic. The /