Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1868-10-15

II RAp1cALI.M SHALL TlIrMPH-To
the agricultural population Of the country
to the mechanic and laborer-the re-
suits of the coming Presidential election
are of the gravest significance. If Radi-
ealism shall triumph by the election OF
Grant and Colfax. these results may be
recapitulated as partly given below. Let the
farmer, the mechanic, the laborer thought
fully consider what is to follow if radical
ian shall win in November next.
I. The continued exemption from all
State and local taxation of oDe-hfth OF all
property in the country, that property held
in United States bonds. and which IS bet
ter able to bear taxation than any other
property. You will continue, for years to
come. to pay for the education ofthe bond
holders children, the repairs of the roads
over which he drives his carriage, where
you 90 on foot, and the police which pro-
,ects his life and property from outrage
aud depreciation.
=. The Five-twenty bonded debt, which
We can rightfuliy pay to the bondholder in
legal tenders. worth seventy-two cents on
dollar in gold. will be paid at par in
gold thus adding seven hundred millions
Of dollars in gold 70 the principal of our
debt At the same time the interest on
the debt will amount in forty years-and
it is not to be allowed to be paid off IN
der that periodic four thousand millions
of dollars in gold These monstrous sums
will fall upon the laboring population. as
the only producing class, TO pay. Day
by day, and week by week, they will have
to toll and sweat to pay the bondholder
his interest in gold.
3. For forty years, at least. one-ffth
of all the property in The country will be
locked up in bonds, where it will afford
no man employment and give no man bus
iness. The owners Of this property, in
as much as it is not taxed. and nets them
an immense interest, prefer to keep it in
that shape, rather than build houses,
stores, steamboats,, factories, or to use it
in any :pecies of trade or commerce. This
is great paralysis upon trade. and de-
MES millions of people of the employment
they would have if these bonds were paid
off in legal tenders, and tho holders obi
ged, as they would be necessarily to in
vcst their money in enterprises that would
conduce to the interest of the pub
lie
4. You will be afflicted for years to
come with national banks, the owners Of
which make from fifteen to thirty per cent
out of the laboring public, and at the same
time receive $40. 900, 900 year 10 gold
coin. and for what? Simply because they
furnish you with q currency which your
Government could give you in legal ten
ders without costing a cent. This $40
900, 600 year in gold your Government
throws away. just exactly as if it should
be sunk in the seas.
s. You will continue to be oppressed
with income taxes, stamp taxes, license
taxes, monthly taxes upon bushes, taxes
upon sales, and a whole host of taxes, that
We never heard of until the present party
came into power. but which will be fastsn-
cd upon you as the only means Of paying
the bondholder his interest and principal
in gold. The income tax, especially. bears
hard upon men with fixed incomes and
email salaries A clerk, for instance. who
has salary of 81. 500, is taxed e1orbit-
nntly when he is compelled to pay S25
as direct tax. in addition to the $500 or
$500 which he pays indirectly.
:. The forcing of negro suffrage upon
the South, and the giving up of that coun
try to negro control. will oblge white
men to leave that section, and its trade,
therefore, will become valuelcss.
7. The continued maintenance Of what
is called Freedman's Bureau at the
South, by which hundreds of thousands of
idle negroes are supported at the expense
of the Industrious people at the North,
whose own white poor have no Federal
Government Bureau TO look after them,
even if they are starving.
s. The theory of the Radicals is. that
money is too plenty, that it must be di-
minished in quantity, and made scarcer
among the people to enchance its value.
They object to the debt being paid off
grndually. as it falls due, in greenbacks.
because. as they allegc, We shall then have
more money than the people want or can
lcgitiuately use. Thus, in case of the
success of the radical faction, the lahoring
msn will be brought face to face With
these results, namely, oppressive taxation
for the benefit of priviledged classes,
amounting to 70 per cent. of oil their
earnings. They pay it in increased rents,
in the increased price of food aud clothing
in fact. everything which they consume.
At the same time money will be scarce
and money difficult to be obtained This
csnnot be otherwise with ruined South
and one-fifth of the Northern property IN
bonds that are entirely unproductive.
If Grant and Colfa1 are elected, the
privileged Observation-Disclosures and ma
tional bankers. New England manufsctur-
crs, Treasury thieves, and congressional
land grantee.-may have day otJubilee
hut it will signify to the workin gmen that
they will have to work harder aud longer.
and subsist on coarser fare.
Ii the Democracy triumph, special priv
ileg.s will be withdrawn. taxes will be
greatly lesscncd. and paid equally BY all
classes. The debt will be paid as it falls
due in lcgal-tenders. Money will be
nors lcnty. The South, governed by