The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1868-04-08
.NO.41.

Z ss,..s-s.. gs...sl sf ,.a-,sS3 .4st
4 mower m he gaycrnment and are read,
70 aid 81 its Ierscn,t,on ,bus puhlis
] daht sttssbas Az 5ccrod itars,oitba oavar,.
nant .n5 ctsin. ;bs, t.,-n.vers TO ;ths
! .rs,l;,ars' ne not besr INV friends
/ that the nnhl;c dent cnvbt not. 10 be paiid
foo sooy tt,a ;ts 4, tiouo,bt to- be
,>ost =. ~, a-:s9 .,oss;ble 'tbat tbf
bonds @ = o,,ts,.ndiae ont sbon,d he renewed a.
/ thev fall 5ne that as future eenerations
/ v;ii' der,ve benefit from The deeds ia,
| Which TIC debts VA created z fl,ev sbonld
i bear tbe bnr3enffof the .debt7 Gentle
4 49,, n do mt. .hel;sve -,nv such doctrine
+ S.'nat' haI;sve ;t ;s ~. HE for tLe nan.
~ - - 80 li , ~ -
pPls ~ .h ~ sl.a.es !. uasl a-sa,ss sse go
@ y = l, y as Z, =
e.ue OF Sool ,oov'ooo1iors guy ).
% .ime, ana yes preseIse He aoes.yi
purify, anu lhteSSri' y "nisr y. =,
TO IN 1nae ioET OF goVernMisls. 9,l Gnss5s.J ~.
| Inc PuDiics oeoI on lne oeiese o.a.esl - =
as ssa.ea 70 you Detore, amoanes- noo u eo''
ooo:ooo'uoo:, Ioo,ooV,yuo1 or inors
I eaan 9nn aseu ona -, 7: anu oeSs ~ a.e.
g0c,yov,eYoA'tFe sIN:N ~ ~ aa'
~ oia'nis. ~ auu pears no . iutet
ess. .r s 20 an euofnous n,. Jus amount, =, anu
yes, gens'elnan, oene'es anc me Zen
oc.stie parsyI9ehepes, staas ~ shoeial DC
paio, every doliar OF It. prlnc'pie ana m
| !eresl, at inc time !. comes due, exactly
20 accoroauce with ine terms li'i OF the ne CON
.FaC. E unuei "aic1 tne loans were maze.
arr ~ 'naiusos = Payaoie IN * goIu auu
pa. ~ ~ ess4lE.enoert netes. FA ne taltnn Z
F.. ' ppuy qe15 lequi1es .nas ma. tne ous
.Ie snouiu pe paiu lh eoio, snu sue inseIes'
., tIe country requires tnat tne.otner
s1uulo S%S os' pn,e 40 leeat-pe,saerg 5e IS,es.,
oheeEs. / FTloE s19 me year tsof2' Isps
,s ~, "a .ne ouneu I.a'es pl1sidsu va s.
IS.,;1aentiaf af5avs,g'd.h d. htS ne N1SrS 1,sr;
dapt FyeTV debf VSrciI
before that time. vbetber II was mon )
contract. or 4 bond or q note was nava-
bic In cein. wletber Il vas - e1ynfss.ed
upon the face of the contract or b os .ifa4G
| In February. 1862. the }ouaress of the
United States passed the leVal.tender act.
1t provides that one hundred and ifty
millions of dollars should be issued in
paper. under the stau,p of the United
States, and that these ma per dollars should
be received as ,s.lhwfui uifracney,,-Isouote
the language of the act-as :aawful mon.
ev. and as a legal tender ii the discharp
| Of all debts, public and private, except
only duties ousimpOrts and interest upon
the public debt = Max the language OF
the, act, ''lawful money ~ - That is the
| first legaftender act 1t provided for the
emission OF a hundred and City millions
/ Of dollars in paper money ,a9Eo rs
| Every contract aftcrifhat time for the
payment of money, whether by: ordinary
contract, or note, or bond !. by whom soever
made, was made with full knowledge Of
] the law, ard was pa 5able in these legal.
Etender notes. and not ia coin, unless the
maker chose so to discharge it. .s5soi5s-
The Government Of the United State.
has paid in coin every bond that was is
1sued before the psasage Of that law, and
which has matufedi since It's passage; and
the Government since that time; BY, an
act of Congress, has .proxids I'd for the is
suing of other bonds, which, notwith..
/ standing the legaI-:ender act, are are to beai
/ upon their face an express promise that
the principal shall zbei paid in gold. -
! These are the ten-forties. They are nav
] able in, gold. PRINCIPAL and interest /
maintain. nv M fellow citizens, that every
4 bond except the ten. forty bonds, antc
4 those issued before eithesIepal-tender act
is payable in the preepbacks of the coQn
trv. rAnnIouse I -
The leaairtcnder% %,t o,cti controIs :tb;s =
The Law Itself i1nder rvl,icb t6ese bond,
vere ;ssued nroyi3es that the princina
4 shall be Maid in lawful money. and the in
terest shall be,raid in coin. And not ON
Iv thai. Int the face Of the bond show
hat tbe nr;nc;nsf NAV he Maid ;n iaygfu
monav villa fbeT cdnnofis declare tba
the ;5tsre.t shall ba nsid in ooTa. -1a-
IS Some ,esntleman xill saw .fo me ner-
bons tbst tbsS Iss.l.ten act sbalI NO
he nsrm;tte5 r. oyerride the un1iffooprm ,n,fol
;nyo of tbe conntrvlunI t6atNtime3. lie
] him h sbe1gars' boyzibe abiects to the legal
tender, aets I eo,s;t, ,;s onlyy by virtue Of \
tLat ,ha ;5tar.st on ,te srsi issue IF I've
twenty bonds s naTabie in rold. The
yarg .cf wb;,b mir;;z4 T,6irr;;zz4s the iissateq q
tbss. ieg.lI tsnda+ q oIsss lnroyifle3 foy. sfi,
fret ;ssns of tbo ,s',yai,tv bonds did NO
I aro,;5sl th.. ra;.har ,ha nT;nc;noI or in
sog. psusauSt shanid siS fss ~ pa ,njd sav !,
tSnsa [ 1bo s bavs = bSnJs g,J ~ hsf ;ss,,e T3bs
The I,svaebf ~ {Bsir interest ia gold de
nends IN that sinple brovjsion oe the le-
vi J., - u - 1TIst tb;s M
g. ,,.on.1 sSan no. he rece;yed in nav
ment rent Of inteTesf mon, , n fhe. public debt.
Some-eentleman will saw to me, as has