Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-09-26

Ino u OttrflQt. OF LllS cILY, anu Luc dSTQtU,
of Cleva,.,d h.va ,.te,v fl;scove red a mes
saqe.sof Governor SEYMOUR, the Demo-
cratic nominee for President. to the Legis-
latnre ot New York. in favor of having The
interest ON the bonds of that State. and ul.
t,mate,v the nr;ncinal in pold. or Its
eouiyalen.. and this message construed by
these sheets into an argument in favor o
paving the $40 bonds of the United States
Unlike manner, they publish-the Jo,rna
with approving remarks. and with an en-.
dorsement. We give. the editorial of the
Journal in full. because it contains per.
sonal request of the editorsof the STATES.
MAN. 1t is as follows: .,..,.
SEYMOUR ELooUENTLY PLEADS FOR GOLD
.We direct snec;al attention IN Horatir
Seymour's unanswerable argument in favo'
of paying the foreign holders of American
securities in gold. He besou ght the Legis.
lature of New York, to rescue that State
from the lasting disgrace and dishonor thai
would follow the payment of the foreign
creditors of the State in greenbacks. We
confess unqualified admiration for Gov
Seymour's views as expressed In these two
sad tn ia.r tha r;o os .hn "a, ~,
~ ~ or, .e y. Iue Cs"es't'tus. IT
ness Of The o,i,, ,;ons thnra;r e~nrasssd a~ % ),
w slI,,- sn op
we cneeriuly' nay giaolyDyleiu 10 Ili'
request Of the Journal and If its editor will
read, and If he has sense TO understand. h,
,,,;i, :. ,aar,, 49, ,a,.JS,, - tha 90 e,
WIN io"in 'uo Vlo"s VI 'no l' Ohio 'l14. ?.
NAN 'hon the soundness of the opinions
expressed in Governor rSEYMoUR'smessage
sotich are those Of broad, anil unqualided op-
m - - SI"n =. r.
procaI Ihat tnere snail pc no emisunder
standing on this matter, and that the ques
tion be met fully and fairly, we give tn,
..,.,..-.o .fIo,o,,o.,,,,7 ,.,o,,,o.t;u 81,
-. -. .4 -. ~
tne explanatory. heaoihg' as we nho IL ii
the Herald, and as the Journal copies 1t from
that paper, as follows: II lt.At u III
E,o,,nn,,o,, s,,,,,o,,n .c 100,
GOV hhNoK S,f ssaMouRmhis o oaan MESSAGE IN LOO
~ ~ oohD
When, IN Aprl', 1854, the question toucn'
ing the payment OF interest que upon state
BONDS arose IN tne New YORK Legislature
Tor the second time, Governor seymour ad'
uresseu .ns loi,owing aiessage W spe Legs s
laeui :, anu suosequsn.iy an appeai W oank
'ne in'ei Nv @ es' III ooi'' god ef hjiW "aA1 5Y
MESSAGE OF GOV. SEYMOUR.
ITO the Legislatures:
= "My attention has been called to a con.
current resolution. which has Dassed both
branches of the Legislature in the follow.
ing words: Tapoi7la taGl va .i51 q
.sWHEREAs, All the stocks issued by. this
State were made payable and negotiable
j in this, State; therefore il b. zlaW-E .
= "sResolred, That no distinction should
be made between the foreign and domestic
holders of such bonds as to the currency in
which the principal and interest thereon
should be paid. .'d-tiu lI'Li' 7lls'7
ITO the principle laid down in this reso-
,lntiou. in terms, there can be no objection
offered. All the creditors of the State.
whether they be of our own people. or for.
and in full all that was promised them.
1.-The Legislature last year adopted con-
current resolution on this subject, in the
following words i-7'i'' '' '.i7''
tResolred, That the interest accruing on
SO much of the State debt on the first day
of April as was on the first day of March.
1853, held by persons residing out of the
United states, and is still held by them, be
pald In geio or It's equivalent.
"And an appropriation was made for the
purchase OF coin to an extent sufficient to
enable the comptroller to pay In gold the
interest on the stocks OF New York, held
by persons residing abroad and only to
that extent. Although the resolution of
last year did not in terms forbid the pay
menu OF the interest due to our creditors
residing In TINS country, in coin, yet the
absence OF any appropriation for the pur-
pose Obliged the Comptroller to forego
such payment. In practice, distinction
was thus made between the rnon-resident
creditor and the resident creditor. We kept
ialIh i ".tn Cne sIrahgrr VINO trusted US; we
bn;,sehniS boGs onty WIN e.iose VI our OWN
- ..Tha 1,tF,,. =. -, =, .,..
AhN NhSSo Va ouO AOSOioOtOh vi bhio
he thet no nort of tha ntareot n;I ba "id
al II ,vaS pro,n;saJ ID ~ ha ,ssiT 70 N H,it "'
oo;r - -, Poo,,;,,oIa-1 w. ~ 80 IL
tb. ,,,ari,e.s ~ 10 ,,,o,.,a LEI w.. ,.;
Sno ': aineIs vi Ine w1riu Win our seGurl--
,' 'iesi pieuseu ouIseives ~ reISeul tnem :
~ iat she M % on Ine ~. wou dne partial
VI pliS Suteu ialbu iaeI year 10 now
70 De followed oy an, open refusal to pay
aly vi our @ Rlou1ises accoruihg 70 Gnelr
pia;1 SENSE Inc uLsgraee OF tasG year was
.inii.eu, how our snauie anu uisnonor are
" W 70 potne III 'iio iaoe oi Sue "orfe'
81 look upon this matter as of so much
to the welfare and TO the charac-,
Ter OF New York and of the people that l
feel constrained to ask you to give the sub.
pass a concurrent resolution that shall
enable the Comptroller to pay all the inter-
est which may fall due before the next ses-
sion of the Legislature in coin. In this
way your resolution of this year can be
carried into effect consistently with the
good credit of the State, and mo distinc-
tion' will be, made between foreign and
domestic holders OF the bonds. IF you do
not do this, let me urge you to provide at
Ieast, for tile interest that is due residents
Of other countries being paid in coin. III
The refnsal To nav In col, .to orr ou,
,itizens NAV instify itself to some minds
,lthan Of, MT 70 mine. as a mnesnre of n,,as;
q va vat;on-sIaciaIf dfscri min atina ond 9ar0' a
. ;r hnt eycusad bv ln,,r : ,,rasant eStraorai- a
,arv condition- In dealino with onr cd
tors in other countries nn such con
,ideration can come in We, have over
mem no leoitimate nower of tayation.
,hese creditors of ours have NO voice nor
Dart in our political action:we have no claim
mon them that thew should take a share in
he misfortunes that befaIl us in our career
Thew are NOT of orr household nor hound
- go 80. of - do.s.o-.; -