The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-07-09

Democrats will in1i3 on this foe soe futufes
- they d now. They havs pat Il d Ne plat
form, th1 viii enforce il in lesislation, It
the udcracy arc successful in getting con-
trpfd ~ Goyernneat Let The Union men
Of ~ tbintry understand this. The nation
win be p3rtlnask Asssirs1nSaat sApiea
Of 1896. All that la111lAz1l1b 1seGsAaksiaa
by Union men, BY the loyal people through
their Representatives, will b undone. All
that il he cost the country 70 BE- saved from
R4hst domination will be sacrificed. We
should have wore than the rsign Of terror
inaugursied BY the Knklux Klah, worse thAn
tho murderous policy Of Andrew Johneon,
which eliminated in the Memphis and New
Orleans thassacres; No ahail have pure and
intnit6d Rebel rule in the South.
5alr 4 7 r1fTf1-IEl
The rsbsf Demucsstcy - ~ NskJ1bsk
CQpYsqtion have received that We ought to
hsvc the same currency for al including
bondholders, soldiers, pensioners, he. That
party il. no doubt, sincerely and deeply in
love with the Union soldier, and with the
~ido~s and heirs Of those who are dead.
Some d the members Of that Convention,
n1de.ibt, had the exquisite pleasure of kills
ing good many Union soldiers during the
MR., I'D Of starving others to death in rebel
prisons. saa i $40 sl,A4 s xsss..ss.
Ssqh men =, BAsnGsAnA Wsde HAAe-i
ton, Forrest. vallandighan, Long and PEN
dlstpg1 are, Of course, anxious &c protect
the Interests Of dbldiers and pensioners.
The tsp@h il that If these men should over
sA de power, thar would either refuse to
pay pen9ions 1t Ill, or insist upon paying to
the 'Aests Of rebel soldiers - we'll Is to those
Of Federal soldiers.
But what is this plan Of the Democracy
for faoling soldiers and pensioners? It is to
issue st once frgp tS0a, O00, 900 y 5000,
OK, 600, Of greenbacks % ~ a upitsd
States Bonds. This .cosld bsseM tie pen
siossr By robbing him Of al least one half Of
srhsa i due him.
ltrequires little sagacity to SEQ this. The
currency now circulating, amounts to about
500, or, 900. With this amount in circula-
ton, paper dollar i worth abous s6 cents.
If 500, 600 more currency is issued, ac>
cerdipg TO the Democratic plan, paper dol
lar will come to be worth about 80 cents, or
about one half Of what it is now worth There
10 no getting over this. So 5000 600
Of circulation causes paper money y be worth
80 cents on the dollar, 81 400 10Oo. 900 Of
will csass 10 to b worth just one
half, or 80 cents on the dollar.
But the Democracy do not propose TO in
crease the pensions. They would continue 70
paysiflAt all the same number Of paper dol
las ID each pensioner that they now res
ceivc, but 10 fact woald pay in value, but
ons half what they now gel. This j. The way
the Democracy would benefit the pension
Il looks like the same kind Of sympatby the
sadier received from The same party during
The var.
But j. is not the pensioner or the soldier
alone who is interested 10 defeating this
rebel scheme Of finances.
Take the case Of poor man who haa work
ed hard aud has accumulated $500 or $1,000,
and has the samo in currency. The moment
the Government doubles the volume Of the
currency, that man is impoverished Just one
halt. His $1,000 by this Democratic rshsl
policy is reduced to $500, and he is virtually
robbed by ths Government to the tune Of
$500.
Merchants and others who have article to
sell, can to some extent protect themselves
against the consequences Of IN imitation Of
the currency, BY raising the prices Of their
commodities, but the man whose fortune is
IN money, or whose income is . stated salary,
or pension, can have no remedy whatever.
Tho laboring man too must suffer greatly,
since the price Of labor never increases to
correspond with the prices Of other things.
This is fact which al experience proves.
During the war when gold vas up to $50,
dry goods and groceries went up 500 OF coo
per cent but the price Of labor never rose
abovs 200 or 500 per cent.
This policy Of Ne rcbel Denscracy,. is not
only reputation h Disguise. bu il ldDpeedl
it would be the wors. possible thing for the
country, and especially for the poorer classes.
Nov, the true policy is, indeed, to levy, Al
soon IS possible, one kind Of money for oil,
bn, Jet that money be gold or its equivalent.
This can b done, and that very soon. The
income from caatoms alone, Cor the year end
ing june 80, 1867, vs. abodt $l76 900 600 ;
enosgh 10 pay the whole Of the interest on
the public debt, aad mora than $26, 0O0, 000
over, on the principal.
Since tho close Of The VIZ ~ have paid Oh
orr army Of million Of mon; our nasy, o.
50, 900 seamen, and provided for the pay
melt Of pensions, bountiss, he; paid I'll the
expenses of The government. including the
soyersment Of the rebel States, and have
paid all the intsrssl ON the public debt and
reduced the principal shout tco Hundred and
fo,fy-serea millions.
An this has been done while the South, in
Estead ofacontributing 70 OR revenue, = j,
siIl IN the future. VA soarcs Of immense
expense. The shorssss q he govenmsnl
bonds are NOT due until 1882, and i would
! BE nothing less than naanaas TO Hood the
conntry with an irredeemable currency now
to take them mp.
Let reconstruction, upon the basis Of equal
rish.s, 10 completed = son - possible.
Ii Lei The Govsranms then rsturn 70 peAct
establishment, and for that pssross rsdsc'
the ap.n11A1s BsU ~ lhe la9set pepibl
number compatible with public safety. Lei
econumy ch1ractsriaa he ssdhinistration o
every derartrent Of govsts.snt scsssd;nl
ID 0snAssl Graas's idsA, = iliusstatsd y hin
ID the War Department Lss ~ money 70.
le>iysd from customs, and = nssh !. psasi
| bis from other sources, b applisd to- N i.
qpidation, from ysar 70 ysar, Of shs interest
md y much = possible Of The principal d
To psblic dsbs. Isis capable Of dsmoastra
tloa ia. from $5o.ooo,oo0 to $foo;Oco, oot
nn, in this Nay. - pAid apon Ne principe
q the debt evsry year; and, - sas seaatrJ
ihcrsaaes in vsalih and sdsaaces il pro.