Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1868-02-06
T-hs sp~-.s ----s -v---ssa,.-y rs,..,s
SIrindFG

The masses Of the people are liter
ally groahing under the load OF taxa
tion and cost of living imposed upoI
them Still thousand Dn thousands o
them are unable TO explain or under
stand the cause Of their troubles.-W,
can tell them il is the Bond and Ma
tional Bank swindle that is crushing
them. There are at least twenty-five,
hundi cd million dollars worth Of L. S
Bonds that pay no taxes. Rich mer
whose money and Other properly wa,
formerly taxed its fai' proportion fol
the support Of the public burdens,
have put their property into Bonds tC
get rid Of taxes. Ofcoirse this crowd.
all the taxes upon he shoulders oi
those who own no Bends To illus
trate, A. and B. live sile by side ppon
two pieces ofreal estae A. proposes
TO sell out, b. takes the deed and pays
over tho money. 0fourse b is then
taxed for the land once owned by A.
But how is it with Mr. Az He invests
the money received for his land in U.
S Bonds, and ofeoune pays no taxes
b. pays the tax Of bom, and A. pays
nothing. A more pointed illustration
than this could be furnished in the
cases Of the rich capitalist worth his
hundreds Of thousands, and the poor
laborer who owns only his small
house aad works daily TO support his
family, The capitalilt pays no taxes
because his property is all in Bonds,
while the laborer's house and every
article Of his living i taxed not only
to support the government, the State
and town, but TO pay the interest on
the Bonds owned by the capitalist.
1t is the most monstIous injustice in
the world. No wonder at the uneas-
mess of the laboring masses. But the
laboring man is not obliged to work
hard and live poor but he must take
his pay in deprecictod currency, while
the bondholder gets his interest in
gold. AT the present prize Of gold the
workingman must pay the bondholder
81 42 for every dollar ofhterest which
he claims on his bonds.
But not satisfied with holding their
twenty-five hundred millions OF dol.
lars Of Bonds, there are more than a
thousand millions Of dollars of other
government debts which the capital
lists are laboring TO get funded in
BONDS so they may make still further
investments and pile an additional
load upon the tax-paying people. The
interest on most, ifnot all oftho pres
ont Bonds. Or in other words, the
intercstisreinvcsted in Bonds. In this
way all the capital put into these
Bonds doubles itself every ten years.
1t comes to this, that the laboring
man is actually compelled TO pay the
government debt over and over again
every ten years. IL should also be
borne in mind that the Bond.holders
bought thor Bonds with greenbacks
worth on the average for thepast five
years, only forty to sixty cents on the
dollar, so that the present twenty
five hundred millions of Bonds
cost them only from twelve to fifteen
hundred Of millions OF dollars. They
now demand dollar for dollar in gold
which would give them from
forty to sixty cents premium on
every dollar they invested, say
ing nothing OF the gold inter
est they have drawn all the while
These Bondholders and their radical
hackers have tho monstrous audacity
to claim that the faith Of the govern