, 1868-09-25
Fact. for the People.

uuprejudiced mind of the necessity OF a
change of rulers To commence with, we
have, according to radical authority, ma
t;oual debt of twenty>six hundred millions
If dollars. Lee surrendered on the 9th day
of April. 1865 the National debt on that
day was twenty-three hundred and sixty
seven millions. In three years OF peace tne
debt has increased two hundred and thirty
three millions. The people have paid INTO
the Treasury in those three years, hftees
hundred and twenty millions. In 1900,
s56I ,572, 900; in 1866, s49O, ,694, ,OOO' and
in 1867, SAT-, 100000. The official state>
meuts show that in the last two months the
debt has increased Sl3, ,25S,5 ,59S. All oil this
money came from the earnings of the people,
and should have been applied to paying the
debt; for it is a mortgage upon all Of our
nroperty, and encumbers and Oppresscs us
in our business. Every article that enters
into our daily use and consumption j. tazSSS 5ss
NV" rSOI mau Tea
btSys e ssifiS twenty-five cents in gold his sugar,
four cents; his coffee, five cents; the leather
out of which his shoes are made, the match
es with which he lights his fire, the shovel,
the pick, the plow and the harrow, all
bear their share of these taxes, and all these
increase the cost of living. This system of
taxation is more severe on the poor than the
the necessities of man (and not
his property are taxed, so that poor man
with family of six, pays three times as
much tax as the rich man with a family of
two. In the year ending June 80, 1868,
four hundred and seventy millions of dollars
were taken from the comforts and necessities
of the lives of the people, and were put into
the Treasury of the nation. There are thir-
ty millions of people in the Union, and this
is more than fourteen dollars for each man,
woman aud child. This is mainly paid in
buying what we eat, drink and wear. The
farmer, the mechanic and the merchant, find
their profits all spent in the increased cost
Of living in the large cost of tools, of cloth
ing, and of taxes upon income, and they
have nothing left. Increase of the debt
means increased hours of labor, increased
taxes and increased privations to the mass of
the people. The reconstruction of the South
with the negro above the white man, pres
vents prosperity there. The enormous
taxes we pay go to maintain the army and
the Freedmen's Bureau in the South, for
this purpose. Instead of us paying over
100 millions each year to do this, the South
ought to be put to work 10 earn 200 millions
to help US to pay the debt and the taxes.
Take away the army and the Bureau and
give the white man as good a chance as the
negro, and it will be done. The exemption
of bonds from taxation is unjust and oppressa
i've. The poor man who owns house and
lot, has no right to be taxed to protect the
property and educate the children of the
rich man, who pays none, because his pro-
perty is all in United States bonds. A
greenback dallar is now worth about seventy
cents in gold. There are sixteen hundred
millions of 5-20 bonds, which the bondhold-
ers want paid in gold, but which the law
promised to yin. greenbacks. We now
pay them one hundred and thirty millions
in gold interest every year, and we find this
greivous load. The debt bearing gold in
terest has increased sixty seven and a hall
millions in the last two months. This has
anded four millions to our burlhens If the
principal of the 5-2Os be paid in gold, it
will add eight hundred millions of dollars
to the value of the claim they make, and
this terrible debt will crush the energies oi
the people. They paid greenbacks for the
bonds at fifty cents on the dollar, and the
contract was they were to take the same in
pay. Reduce the enormous, useless and
corrupt expenses Of the government, and
thus dispense with taxation and leave the
money with the people. Pay the debt as
rapidly as possible remove the curse of neN
groism in the South, and let the white man
govern himself and help US pay our debt
tax the people equally aud reduce taxation
reduce the amount of interest we must pay
by paying part of the debt in greenbacks
restore the Union and obey the Constitution.
Pursue this policy and business will brighten,
our national troubles will be over, our credit
will be at par, and a specie currency re-es>
tablshed The debt must be paid, but we
must commence to pay it now, or it will never
be paid the party in power have learned to
be extravagant, and cannot qui. it if they
wished to; a change will reduce taxation and
ensure the payment Of the debt
The Two GENERALs.-General Grant in
his letter accepting the radical nomination,
says; al will have no policy of my own to
interfere with the people" That is, if he is
elected President, he will blindly register
the edicts Of a radical majority in Congress
Contrast this declaration with the language
4 ua1 l.-n -