The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1868-08-18
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be solved satisfactorily to those Wht
suffered the effects.
The aggregate value OF the property
in this country was below what It Was il
1860. Then the negroes were put doWr
at thousand millions. Lands can nov
be bought in the South at Eve dollars 81
acre, which were before the war worth
fifty dollars per acre.
We have in this country the most In,
exorable system Of taration in the world
1t sollowsa man into every nook and cor.
n~ OF his business. IF his wife hal
made pound Of butter, il IS put dowr
on his income list. IF some old grand
fmother has plucked the feathers from az
aged goose, the feathers and the poor
old goose mustbs taxed to support The
Government, Phese inquisitorial tax.
gatherers have raked this country from
centre ts circumference to find every
particle Of property that can be taxed.
s c 4 & p
Hon. George a. Pendleton,in his great
speech ct Cincinnati the Grst of this
month, said Of the New York nominees,
platform, debt and taxation:
THE CANDIDATES AND PLATFORM.
have had occasion lately to speak Of
tho proceedings Of the New York Con-
vention. Iapprove them all. TCheers7
I approve the platform; I approve the
nominations. The platform announces
the principles for which we have SO zeal.
ously struggled. have enumer ated
them before: 4iea - sgsss =
Fidelity to the Constitutions.
Fidelity to the Unionl
Fidelity to the rights of the Statesl
Fidelity to liberties Of the citizeni 8
Fidelity to the principles Of free gov
ernmentl c6Ik 4es 31 20 sa. is
Fidelity to that policy in matters of
finance and taxation which, by paying
the fve-twenty bonds in legal tender
notes, will lift from the shoulders Of la
Dor the burdens which oppress it; and
by equality Of taxation will make it to
reap the just rewards of patient and
cheerful industry. Applause.] Gov
ernor Seymour and General Blair have
each explicitly declared that they cor
daily approve those principles. Zap
plause. Our candidates realize all we
expect in pure, patriotic, able, cultivated
Christian statesmen. I have known
Governor Seymour well. I knew him
throughout the trying scenes Of the war.
I have closely watched for many years
his course and bis opinions; and I tell
you in all sincerity this night, that he is
the first statesman in America, Icheers;1
and that we can commit to him more
safely than to any other man the destiny
Of our Government in these troublous
times Selfpossessed, cool, calm, saga
cious, moderate, tolerant--he will unite
deliberation in council with vigor in ac-
ton; and seeking nothing but the enforce.
ment OF the Constitution. he will bring
US back TO Union, and peace and happi-
ness under the shadow Of its wings. Ap-
plause.
f5 THE FINANCIAL QUESTION.
And have you, been hetter satisfied
with the management Of the finances and
taxation? The whole scope of the finan-
cial policy Of the Republican party is
to compel the payment Of. the public
debt in coin, and so to reduce the cur,
rency as that the coin will be most diff
cult to get, and most valuable TO possess.
Its whole taxation policy is to subordi-
nate labor to capital, and the agricultu-
raj labor of the West to the manufactures
of the East. There are outstanding to
day about seventeen hundred millions Of
dollars in fve-twentv bonds. They are
payable in legal.tander notes. The Law
says SO; the bond says so; Thaddeus
Stevens, chairman of the, Committee of
Ways and Means, said so; Senator Sher-
man says SO; Senator Morton says so;
General Schenck says SO; the funding
bill Of the House says so; FOR both pro-
pose to pay in legal-tender the bonds
which are not surrendered for long bonds
at less interest; the Democratic cor.
ventions in Ohio and Indiana, aud Iii
nois and Pennsylvania, and every other
Western State say 20; the National Con-
vention which sat at New York by a
unanimous vote said so. Yet the Re-
publican party, in the face of this con-
current testimony, asserts that these
bonds shall be paid in gold, and thus at
present rates adds seven hundred millions
to the public debt. / know the Repub-
lican Convention gave out an uncertain
sounG, but their speakers and anewspa-
pers have intarpfetedit and given it a
meaning. The Gazette and the Com
mercial, differing as they, sometimes do
on other points, to the distress Of the
faithful and the scandal Of the family,
agree in this, that the Republican party
means payment of the 6ve twenties in
gold, and the Democrats party means
payments In greenbacks.s i agree with
both of them. That is just what they
mean. The Gazette says it is silly to
talk Of discharging one promise to pay
with another promise to pay. Not at all
if that was the contract; and it was the
contract here. The Government said,
we will issue legal-tender notes; we will
put them in circulation; we will take them
for taxes; we will require everybody to
take them for debts; We can buy with
them everything we need; we will need
a great many; We will offer large induce
,ments to get them We will issue eur
bonds bearing six per cent. interest in
gold; we will sell them at par in legal,
tender; we vii give them five years at
least to run.-twenty years If our me-
cessity requires-as long as they co run
they, shall pay six per cent interest in
gold, Greenbacks deprecated largely.