Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-08-11
The People vs.. Fhe Bondholders.
Letter from Judge Blake, of 60.
publican Thinks OF the Finan.
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~ cHak eSueStiOn.
IFrom the Goshen Democratl - ~
- In another column will be found a letter
from A, 5. Blake, ESQ.,, of this place, who
frankly arrays himself on the side of the
people, and against the, bondholders. Mr..
Blake is well Known in our community as
a lawyer of eminent ability and a highly
.respectedcitizen. While be has sneyer been
mere politician, yet he has heretofore given
consistent support to the; Republican
PARTY. Now, however, upon the new. issues
that divide the parties,, relating to the
finances, and the usurpations OF Congress,
he, with thousands of the best Republicans
of the land-the honest and intelligent por-
tion of -the party-can no longer support its
destructive and unlawful policies, but is con-
strained by. a sense of Justice to the people,
and to his own convictions of right to CO.
operate with the peoples party, in the en-
vddeayor to qYerthIow the eormorants in
iife-blood of the nation. We heartily well
come Mr.. Blake to the Democratic ranks;
he will te tower of strength to US in the
coming contest. His Individual popularity
as welIas, his great, abb lities, viii hes guar
antee that he will not come alone to our
= racks !, but he will be Slowed by many of
those conservative Repn blicans who ARE
too honest to follow any party whose sue
cess will be detrimental to the welfare of
THE Republic. " ~ ssYsss s .-..,,;.. +
h.f EDITOR GosHEN DEMO ocRAT:--In your is
sue ot-the 10th inst. | notice the use made
OF my name as probab Die candidate for the
7 Office of State Senator from this county,
subject, oflcourse, toythe decision of the
Democratic Conyentiony to be. held on the
25ths of the present month. In. order to
avoid any MISUNDERSTANDING, desire to
say to you, and through your paper to
In that connection, that both you and they
a are too kind to the interests of the
Democracy, or benefit me materially, for
the attaining of that position is an honor
SO expensive as not to Justify me, at pres
vent, in, permitting myself to become can
didate for the suffrag of the people. 8;se
efif Asto the merits of the issues between the
two great political parties.of thecouHtryyas
1deteruhined by their platforms and stand
lard bearers, andth presented for the de-
cision OF thepeople inlthis campaign, there
srsheuld be, in my opinion, no doubt or eun-
certainty in the mind of any candid, honest,
and thinking citizen. fsssEY re9
q The,rnost important of these issues, if
not the sole one of great interest ITO the
people, isIthe financial lene-the best:meth-
cd O.. tightening the burdens of the Gov
ernment, and so-equaliziDg them as that
capitalsshould not be exempt, as it is now
sundersRadical rule. from paying its share
towards defrayin the expenses of the Gov
ernment.s -S-1si -f5rfs ID i.-sf ~ Il 10
= The present exemption of capital from
taxation, and the consequent heavy and
1nCreaSeu aLnSIeDy+ ucc6SSdIlly luls
posed upon the farmer, the mechanic, and
the 1aboringl man.. and.r indeed, the poor
people rof the country no matter what
their calling, can but tend to the centrali-
zatien OF the wealth of the nation in the
hands of the few, thus building up monop-
olies latthe expense of the country, and
making the rich richer and the poor poorer
"a policy which, if long continued, must
soon build up an aristocracy in this rcoun-
try more pow and exacting than any
= Il IL
jaboripg man will be forced to become but
the 'abiect slave of the bloated bonGholders
We have collected from the hard-work-
ing people-the laboring millions of the
land-siiice the 1st of July, 1860, the enor-
one dollar of that sum has been applied, by
tie party in power, toward the pay ment
of the public debt. Nearly the whole of
this sum has been wrung out of and coll
lected from the toiling poor men of this
country, while the capitalists-the rich
bondholders-by Republican policy, have
been exe mpted from paying any portion of
the same / have always been Republ-
cam aud helped to elevate that, party in
mower: but L cannot see any reason for
longer continuing in power party that
can adopt and carry out financial policy
so disastrous to the Interests of the laboring
poor men of our land, and calculated to in-
ivolve the countryin bankrutcy and ruin.
And when we take into consideration the
tact that nearly one-third of this sum of,
or nearly $400 100000, has been paid to the
bondholders, as interest on the capital held
by then1s while they have been exempted
from hearing the burdens of the Govern.
meJlt.} the Injustice OF such a policy, and the
necessity OF h1rlirg from power the men
and the party who favor the same, is made
WHY. Mr.. Editor, just look at the results
of such policy as tiiis Republican party,
to which have belonged, has inangurated
and propose to continue.
1t. takes . about $3.50 100000 in gold, or
about $2l9, 900, 600 in greenbaeks to pay the
interest on the Government bonds. This
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