Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-12-12
The New Gnu9e of the BondhoIders,
E E-RepudiaaiOn.

value of United States legal tender notes
In coin and provide for their redemption"
1t was referred to the committee on Ways
and Means.
The bill. as we learn by telegraph, d.
rects the Secretary of the Treasury to-
cause gold coin to be exchanged for United
States legal tender notes, whenever de-
manded at the Treasury, in sums not less
than one hundred dollars, and at the fol-
lowing rates of exchange: For the first
month. 500 in coin for sl35 in notes !; for
the second month, 500 In coin for sl34 In
notes, and at the decrease OF one dollar ptr r
month until par is reached ifh 8 aa r -esls
When It is reeollected that the notes,
thus to be redeemed In coin, at less than
one-third their face value, were, when is.
sued, promised to be paid, dollar for dol
lar, in hard money, and that, while the law
'compels every man to whom a dollar is
due, TO take these notes, at their face, in
payment Of all debts due, even when the
contract specifies that the debt is to be
paid in gold, this attempted reputation Is
of the basest, meanest kind, snd If resorted
to. will be a lasting and eternal disgrace
on the Government that allows it. "a 4'.e
Mr.. BRoosiALL claims that the debt due
the bohdholder must be paid in gold, al
though, when the debt was incurred, the
person purchasing the bonds sold his coin
for from one and halt to two aud one;
half more in greenbacks than he paid in
coin. and with the deprecated currency
thus received bought the bonds that be
now claims should be paid at their face in
gold. This claim, thus set up, is in def
ance of the letter and spirit Of the contract
which promised that they should be re-
deomed In the same currency in which the
debt was contracted. - .''[ ''' IN,
The greenbacks, the payment of which
is thus to be republication it. as much
repudiation to force a Government creditor
to receiveia part and to lose the balance, as
tits to force him to lose the whole, the dis
honor being the same-are in the hands OF
the people. The Government made them
a legal tender in pay yment of debt.. They
are the sole currency in use for labor,
among the merchants, farmers, mechanics
and others. The man who works for one
dollar per day, is paid in a currency
that Mr.. BRooMALL's bill says is worth but
sixty-fiye cents on the dollar, and thus
the laboring man is swindled out of more
than one-third of the price of his labor. Is
The object of this is, by forced return
to specie payments, to enable the Bond
holder to get one dollar in coin for bonds
for which, when purchased. the price
ruled from As to 20 cents on the dollar. n
1t is terrible thing to repudiate debt
due by the Government to those who hold
its bonds, say the Radicals who go for gold
for the bondholder and rags for the people.
Yet these same men, by their representa-
tives in Congress, wish to repudiate' a
solemn debt due by the Government to Its
citizens, contracted as forced loan--for
the issue Of greenbacks was nothing but a
forced loan--which was promised to be re-
deemed in coin, while the bonds were to be
paid in greenbacks.
We hear no outcry against this re-
pudiation from the bondholders' press, and
we expect to hear none. As a unit, either
actively or passively, they will support
1t. If successful, we warn It's getters up
that they, while they will raise a whirl-
wind, cannot direct the storm. --..
The bonds will be paid, according to
law, in greenbacks, before the country can
afford to return to specie payments. -s
English ON American Elections
The Contrast.
EpG1ichf A md
Americans of the DIcKENs-TRoLLoPE
school denounce the manners, customs and
habits of the people of this country as rude,
awless-fonder of free fight than of a
good dinner. An exchange, while re-
marking upon the perfectly quiet manner
he late election for President was con-
lucted, contrasts the conduct of our rude
md lawless population with that of the
people of Great Britain at their recent
election Tor members of Parliament. in a
manner that reflects but little credit on our
neighbors. Among the
It Bolton q mill was attacked and torn
lown because q number of voters were
to be detained inside. At Black
burn, rash voter shouted "HoRNBY for
,yer and was Immediately Drained with
paving stones. At the same place, high
,oard fence was erected at the hustings for
he purpose of separating the parties, the
Liberals on one side and the Conservatives
IN the other; but before they voted they
,roke several heads by pitching rocks over
he barrier. At Cupar, in Fifeshire, can
lidate was stoned in his carriage. At
Belfast, mob broke all the windows and
he dome of the court house, and kept up
continuous yolley of stones throughout
he proceedings, while a detachment of
oughs gained and held the platform. At
;ht field, the shops of Mr.. RoEBUcK's sup
,orters were sacked by members of the OPP |
'osite party; and from many other places
ome reports of skirmishes, Interference OF
he military, and the reading of the riot
ct. The English have yet considerable to
earn in the way of conducting an election
ecently and in order. -
How Missouri was Made H adical.
Over fourteen hundred men, old residents
f St. Joseph, Missouri, were denied the
light to vote at the recent election, because
hey would not take an oath which the Su-
RENE Court of the United States has de-
Jared void.
A Mr.ToDD, an uncle of Mrs. ABRAHAM
.1NcoLN, was denied the privilege of vo-
ing in the same state, in the recent cleo
ion, because he had relations In the rebel
rmy! ToDD is over sixty years old. and
ne vote in the county of Boone, where he
esides, by this process is reduced from
600 to about 400.
THE Cincinnati Chronicle takes us to task
ecause it says s'the OHIO STATESMAN re-