Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1868-12-29
Not Suited Gold Interest on Bonds a
SWindle.

government DOnQS ana interest, Wnlcu
must be paid in gold This il hum
bug and swindle. SIS.
British Hollow, Dee. IS, 1898
REMARKS The above is 4 letter
from one ofthe people and expresses
the mind # great many honest but
lily informed men--so we think. We
may or may not give new light
The government at particular
stages of the war was hard up for
money, and had to offer great in>
ducements to get access to the pock-
cts Of those who owned money in
large and small sums. Government
had 10 promise to pay back gold in
some cases and in other cases had to
plomise to pay gold interest on loans.
The rebels were gnawing at the vitals
Of Uncle Sam, and he cried bitterly
for money TO pay the soldiers Old
\ be and Gen. Grant said they could
save the country if the people would
take their word and lend them money.
And the people doubted, yet sal /,
IF Uncle Sam will agree TO pay in
gold, well lend the money and risk
the results. We know that if Grant
fails, TO smash goes ths government,
To smash goes our bonds, and the
promise to pay interest and princip-
al in gold will also be smash Our
lands and other property will have
no value for an age, besides the ine>
Hiiable anarchy aud revolution tina
must follow in every part Of thy
couutry. So here's q final venture
Of every thing upon the wheel of for
tune held by Gen Grant, and il he
fails, all Is lost Very true, il Grams
wins, then shall We win our gold
Uncle Sam will be able and willing
to pay his debts in gold, and the in
terest n go.j~-good round Interest
"a, that"
So it was purely matter OF con
fidencc with these men who len
th.ir money 10 carry on the war
They had just enough faith in OLE
| Abe and Gen. Grant TO Lee, their mon
! ey go tor the war. And all they
asked WAS this hat no part Of tn
bargain between the government
and the money lenders shall ever b,
repudiated in case Grant whips lie,
aud saves the government. That
I all
Now, friend i" S S. preferred no
30 20 d dollar on The government
those days Of darkness. He doubt
Ell the ability Of Grant so he lait
bis money out in fine horses an,
lands thinking to play smart. Yer,
well, the men Of faith in Grant mad
a big strike only because Grant rouI
ed Lee and smashed the contedera
81. And s. S. also came GU
well with his dne horses and lands
which have aleo held up al good pri
ces.
But Is it not a questionable piece 0
folly If not Of dishonesty tor =" ). s.
10 now cry OH hunting and 8oin
/ die, because the money lender cam,
out ahead il 3 biz Of sharp practlc,
which also savcd S, s. = from ru.
in? S. s. was invited 10 take .
hand with the money lender but re
fused, not because OF his conscience
but because Of his small filth 10 tht
union armies. Now he feels bitterly
wr0nged because of his own blundel
in pretering lands and horses 10 golc
bonds. Now il this not wrong
principle
A contract was made during the
war TO pay some Of the bonds in
gold, and some of the interest upon
others in gold. 1t vas the very best
the government could do (; because
half the people believed Uncle Sam
would break and not dollar be
paid TO the bondholder
Moreover there mas not been q
time since the war when the govern
ment could unmake these bargains
with the bondholders. After white
new bargains can be made with them
but until then the gold bondholders
will hold on TO their bully bjq thing
sad laugh at all grumbtrs.
/ These b0ndhoiders are really for
once entitled to the thanks of tbs
people; because it was tLoir money
that paid Tor routing Lee and knock
ing THO bottom out Of The conftdora.
81. Right or wrong they deserve 10
be paid-muat 90 paid.
AS to questions wherein the usur.
ers are ranged upon one side and the
people upon the other, we always il
clue TO be among tho people and
against the usnrerS. But in this
case it 50 happens that during the
war the people, the government and
the money lenders all joined against
The public enemies the rebels and
copperheads So az II matter OF
course. we Joined the ranks OF the
union party and should feel ourself a
dienouored man were we 10 now DIX
eert them or any part o! them. TIL,
OondhOlders did their duty-though
not usually "a class Of mot who pur
tuo the right track when their inter
est stands in the way. But we have
40 right 10 be hard on them, since
they rlsl;ed their hundreds OF millions
for their country at time when
half the American people and most Of
Europe said there was no show Tor
Uncle Sam.
We should therefore stand by the
bondholders in their rights according
70 their original contracts with the
government And there's 10 use in
complaining and whining aboatit for
this only belittles os
Besides, this everlasting outcry
against he public creditors. the Ma
,iopal debt, the interest paying, &c,
most surely has Me- effect to keep
M the price Of gold, keep down the
worth Of our currency, shake The
public confidence ia our finances
and hinder return 10 specie pay
mont which Is so desirable
rhe better way for all will be TO
unite in solid mass for the currency
and for an honorable payment Of the
public debt. This will begot conf
1npea thpnneth0pt fha v-prIa G,r