The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-08-13

fo40O, O0o, O0o, anA = swaa stipulated With
the public creditors HAT u should never
exceed $45o, zoo 600, A. the govern
Ineut from time TO time needed, money,
it sold public funds, and received thsss
notes in return. Under the act of Feb.
ruary, 1862, and It's amendments, S5l5,-
600, 900, Of bonds were issued; under the
act Of November, 1854, 500, OOO, 600 Of
bonds and $500, OOO, 900 of $50 treasury
notes. In 1867, when the latter fell due,
they were taken up by further issues Of
$50 bonds. In 1865, after the war was
closed, money being needed to pay off
the army, notes and bonds u the
amount of 500, OOO, 900 were authorized.
The 80 notes have since nearly all
been taken up by bonds.
OF the outstanding bonds, those due
in 1862, amounting to S2s3, ooO, 900, the
1910 bonds, amounting to 1896, 900,
apd few other issues, making an aggre-
gate Of $500, COX, 900, are spe officially re-
quired upon the bond itself to be paid,
principle and interest, in coin The
residue are $40 bonds, which are 90
many promises to pay to the holder the
amounts of money stated on their face
twenty years after date, in any event,
or in any time after dve years, at the
pleasure of the government, the interest,
at six per cent, to be paid semi-anually
in coin. This is tho bond Of the United
States given to its creditors, In exchange
for the money with which 1t paid the
army, bought bread, beefsnd pork, pur-
chased the arms and ammunition, and
betrayed all the other expenses of the
with no money to keep the army in
the field. 1t offered its bonds, payable
20 years after date, aud these bonds
were taken and paid for with legal
tenders. The holders exchanged them
for money, and the bonds became in
vestments, as Gov. Seymour said in his
June speech, for widows, orphans, pub
lie charities, trust funds, and the earn
ings of the people deposited in the
savings banks. This money was all
given for these bonds, upon the under
standing that, as soon after the war was
finished as possible, specie payments
would be resumed, and the principle be
paid in gold. ..44Etsm' 49, |.G
The earliest issue of the 5 20 bonds are
not due until 1882, though the United
States has the privilege Of Ndeeming
them any time after five years from
date. BY law the interest on all bonds
of the United States Is payable in COIN
greenbacks not being legal tender for
that purpose. ...5.... ...-..
The question at issue between those
who upheld the govern ment by money
and by arms during the war, and those
who sought by money and arms to de-
stroy it, is, whether the government
shall now, at the close Of the five years,
insist upon issuing thousands of millions
of greenbacks, in excess of the legal linn
it, in order to take up the bonds by pay
ing to the widows and orphans, trustees,
savings banks and others who have put
faith In the national honor, = currency
stamped with irredeomability, and, as
Mr.. Pendleton predicted, cursing the
country with individual ruin and bank
ruptcy. That is the whole story.-Cni-
cayo Tribune.
The many former members and
friends of the 24th Iowa Infantry Vols,
in this vicinity will read with interest
the following item from the State Reg
lister concerning one of the gallant off,
GERS who went with that Regiment
through all its baptissnSsof fire; rsceiv-
ing his death wound in the waning
moments Of the last battle his COM
mand ever participated in:
The Late Col. J. Q. Wilds, of tho
Oath Iowa Infantry.
Last week Adjutant General Baker
received from the War Department a
brevet Colonel's commission for the late
Lieutenant Colonel, 10. Wilds, Of the
oath Iowa Infantry. He formerly resid-
ed at Mt. Vernon, in Linn county, but
died nearly four years since: His wife
died in September, 1864, and the father
and oil est daughter died Oh the 18th or
18th of November, and SO nearly at the
same hour that it was almost an impos-
sibility to tell which died first. Colonel
Wilds was wounded in the arm at Cedar
Creek, Virginia, October 10th, 1854, and
died as before stated, Of the wounds.
The whole immediate family Of Colonel
Wilds were dead, and General Baker
sent the commission ITO the relatives OF
the late Colonel Wilds, ofthe oath Iowa
Infantry" Mount Vernon, Iowa."
1t probably has fallen into the hands Of
the father of her who was the wife Of
Colonel Wilds.
There is another singular fact connect
ed with the death ofCol. w. and his
Oldest daughter. The dilliculty Of de-
Gliding who died first involved the
question of heirship to nearly $4,000.
II the father died first, the daughter in
herited the whole, and the whole prop
erty went back to the child'sgrandfather.
If the child died first, the property went
to Col. WIS blood relations, he having
no wife or child. The case was SO close
that the families after years examina-
ton of the matter, agreed to divide the
property equally, 80 the grandfather Of
the daughter took one-half of the estate,
and the blood relations Of Col. w. took
the other half, and everything was set
tied in the most Amicable manner.
MARRIED, 4.