The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1868-09-16

| ACeiH I1SHuS say IHlS 10 ISIuNid-
ton. We say that the government
bond which does not declare on its
| face, or in the law under which it is
issued, that it was payable in coin,
may be paid in the currency of the
country-in the same currency that
you were obliged to take for every
debt owing to you, for every article of
property which you sold,. for every
hour of labor which you performed.
The same currency you were obliged
to take the bondholder must take,
unless the law which it was issued
specified to the contrary.
WHAT is THE OoNTRACT2
| But the radicals say, "This is repu-
diatiOn, this is bad faith, this is an
act of fraud" Is that so? / tell you
that is the plea of usurers and extor-
tioners. Let US see if it be bad faith.
If you have a greenback in the NOR
ming land hope you have plenty),
and you turn it upon its back you will
find that this note is receivable for all
public and private dues, except dutie;
upon imports and interest upon the
national debt. That is the law, that
they are receivable for all public and
private debts, and for everything ex-
cept interest on the public debt and
duties upon customs, leaving, there
fore, the principal of the public debt
to be paid by these greenbacks. That
is the contract. We do not desire to
violate the contract. Our radical
friends come here with poor grace
How was it in the Legislature of this
State? This State gave bonds, issued
when gold was the only legal tender
and the interest payable in gold. The
republican Legislature, against the
earnest wish of Governor Seymour
loud cheersl-passed an act to pay
that interest in greenbacks, when 1T
was payable in gold, thereby repudia-
ting the contract of the State of New
York. That was all right on their
part, but when we come to these rich
bondholders, who have no contract
for payment in gold, they raise up
their hands in holy horror and cry
out reputation and fraud.
THE JUSTICE OF THE CASE STATED.
1 have attempted to show you what
the law is; now, what is the justice of
the case? Here is a man who five
years ago had $40 in gold. He lent it
to the government and got hundred
dollar bond. He has received since
that time Sc year in gold for inter
est. He has been exempted from
taxation, which would be equal to So
in gold. Added together, that makes
$45 already received in gold for the
forty dollars originally lent the gov
ernment, and now he comes and de-
rnands 800 in gold more. We pro-
pose to pay him $40, what they are
now worth in gold, and yet our radi-
cal friends, who seem to be the organs
of these bondholders, say we are do
ing injustice to the poor, wretched
bondhOlders i'll not giving them $50
in addition to the $40 we propose to
pay, although they have received So
more than they originally loaned to
the government. They passed fun
ding bill, which is to cure all these
difficulties, just before Congress ad-
journed, but the President did not
sign it, thank the lord! loud ap-
plause and laughter.) They threaten
ed to pass it over the Presidents veto.
It is a measure instigated by bond
holders for their benefit, for the pur-
pose of choking you off, my republi-
can friends. tCheers.l They propose
to issue new bonds. running thirty or
forty years, and after they have run
thirty TO pay four and half per cent,
principal and interest in gold, and if
they run forty years, four per cent,
and make them forever exempt from
taxation. Now, let us cipher. Let
us see what the difference would be.
You take (which is equal, believe,
as gold now is, to about sixty-eight
cents. That is the present value, as
we say, of 81 of these bonds, sixty
eight cents in gold. Now, cast the
interest for thirty years at six per
cent, the present rate, and then take
one, as they propose to give, of the
new bonds payable in gold, and cast
the interest at thirty years at four and
a half per cent, and you get forty-fYe
cents more than the bond is worth at
the present value in greenbacks. That
would make upon the whole $2,000,-
000,00 the nice little sum of 5000, ,00O,-
900 difference, which these gentlemen
T propose to make a donation to the
bOndholders and have you toll and
pay it. Are you willing to do it.?
(Shouts of "No, nO."l If you are, vote
the radical ticket, and may God have
mercy upon your soul!
THE FRKEDMEN's BUREAU ovERHAULED.
Now, fellow citizen, the most ex-
pensive article that has ever been in
troduced is this thing called ''Freed-
!ien's Bureau" It is an article de-
J signed to feed, clothe, doctor and
transport the lazy and idle negroes eff
the South,s 80 that they will vote away
your rights and privileges, That is
the object of it. What did your abo-
lition friends preach year after year.
Auey SAIu1 II yOu III only Iree CnlS
unfortunate race, only break the
shackles which bind their limbs, give
them an opportunity to go out into
the world as white men, they viii
support themselves and their families
and willing to do it all we ask is that
this accursed system of slavery shall
be abolished" Well, it was abolished.
And yet the support of these negroes
has been most extravagant and ex-
pensive, which has all been heaped on
the people of the North. Let me
read to you an estimate for one sin