The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1868-02-22

wolves reputation of the terms of a solemn con-
| tact entered into by the Government with men
| from whom it borrowed money. Hence the PEN
dleton party may be called reputation party.
The peremptory setting aside Of an agreement,
against which one of the parties protests, is dis
honesty. Hence the Pendleton party may be
| called dishonest party. The man who deliber-
ately violates plighted faith is not to be trusted
Hence the Pcndleton party is not to be trusted.
The above is from the Chicago Republican Of
the 20th The same in substance may be
found in any issue Of the Tribune for month
past, or in any of the organs of the bond-hold-
ers east and west, possim
| Thnd Stevens and Ben Butler propose TO
pay the $50 bonds with greenbacks. i. Y.
Cook does the same and, in addition thereto,
to retire the National Bank notes and substi-
tute greenbacks for them. Logan proposes to
tax I'LL the bonds two per cent, to be paid
semi-annually, by deducting that amount from
the coupons when presented for payment.
Other radicals in Congress have put forward
similar propositions. All are undoubtedly
demagogical, designed to cheat and fool the
tax payers in the coming campaign. Most of
these schemers will be on the stump next fall
for reelection, and will have to defend their
schemes and answer the dcnunciations of the
| bond-holders' organs Of the press as being re-
pudiators, dishonest, and not to be trusted.
The only rcpudiators-in the estimation
of the Tribvne and that ilk-the only honest
and trustworthy party, is the bondholders'
party, represented truly by the Senate Finance
Committee, headed by Sherman of Ohio !;
which proposes to fund the TWENTY-FIVE
HUNDRED MILLIONS Of government indebted
ness into new FIVE per cent. bonds, payable
principal and interest in GOLD, and adequate
| ly tax the laborers, producers artisans, &C., of
the country to pay the interest annually, and
ultimately the principalin coin.
This sweating process may do for those who
want to favor and build up amoncyed aristoc
racy, but the tax payers will prefer not to sub
nit to it, even at the risk of being denounc-
ed as regulators and dishonest-unworthy to
be trusted.
| Treasury notes seem to be good enough for
the soldiers and saiors--for the interest and
even principal of the Indebtedness ofthe states,
old and new for old and new Indebtedness
between individuals, for bouuties to the Wild
Ows and orphans of those who fell fighting in
defence of the Union; and most sacred of ALL
to keep up the Freedman's Bureau and secure
the trancheese of Sambo and Cuff. But when
it comes to paying the bondholders, why they
must have one dollor IN gold for every forty to
sixty cents they paid for their bonds, and must
have it assured to them 10y fixed, certain mort
gage on the sweat and blood of the toiling
masses-o or else Pendleton is a repudiator, dis
honest and not to be trusted
The charge against Pendleton that in pro-
posing to pay the $50 bonds in greenbacks he
proposes to ''repudiate the terms of solemn
contract is a faSehood rs barefaced as it is
villainous; for the law which authorized the
loan expressly STIMULATES that it shall be pay
able in greenbacks, and the face of the bonds
themselves say so and the senate Finance
committee, who are the property of the bond
holders, give this very fact as a reason for pro
posing to take up the 5-eO's and issue new
bonds in place of them payable in GOLD. There
pudiators are the bondholders, themselves. It
is they who propose to repudiste their own
solemn contract with the government to re-
ceive greenbacks in pay for their bonds and to
wiring from the tax-burthened people double
their worth in gold, and corrupt political
party, to secure the "aid of the money of the
rich for elcctioneering purposes is Infamous
enough to spouse this dastardly scheme as a
party hobby.
And precisely Of the same character with
the above is the other false charge against
Pcndleton, that, to get grecnbacks enough to
redeem AL the j-20's he proposes to ''doube
or treble the currency and so render it worth
less" The Pendleton plan, as we showed by
giving it in our last il his own words, does
not contemplate the addition Of a dollar to the
present circulation Of the country. But it
ioe, propose the rapid extinction of the nation,
al.debt- does propose the rapid tightening
Of the burdens OF Taxation, ana thus, by remov-
ing the shackles that cncha;n the trade and
industry Of. the country, enable tho people
to pay their taxes cheerfuly and promptly,
and placing the public finances on such a
sound and healty basis that the difference be-
tween gold and grccnback dollar will dis
appear long before even ali the 5-2Os are all
taken up.
| TEMpEpANrL REvry,r cn,,t,p tt:I,o,.,