North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1869-09-29
What is RcpudiatiOn.

What Is Reputation.
The Radical newspapers and stumpers
have great deal to say about Democratic
and succeed in making n
great deal Of noise. However, they take
particular care not to tell how or wherein
the Democracy propose to ropud'ate the
public debt. They do not publish that
particular plank Of tho Democratic plat
form.
Does any one suppose for an instant,
that if the Dcmocrrtic party was on record
in favor Of reputation, that Radical
journalists would hesitate to sive the same
publicity? We rather suppose not.
Than why all this buncombe and fania'
ronadc about repudiation7 Simply to de-
ceivc and mislead voters.
We arc told that because the Democratic
party is in favor Of paying off the five
twenty bonds with greenbacks, that it is
therefore in favor Of reputation. If this
constitutes reputation, then who are the
regulators? The soldiers were paid off
with grecnbacks, by Radical paymasters
under Radical administration. Was
that reputation? The pensions of Sold
iers and widows ard orphans are paid in
crcenbacks, or what is certainly still
worse, national bank paper. Is this
reputation? When you talk about the
sacreGness of obligations, &C., you should
ask Yourself what is more sacred than
the obligations of the country to the
manned soldiers, widows, and orphans Of
the war, and yet they do not receive one
penny of gold when they receive the'l
really inadequate pensions.
Why should the owner of five.twenty
bond be entitled to more consideration:
than a soldier who lost both legs in thu
service of his country? The one gave
greenbacks for his bond, and the othel
gave his blood and bis manhood for hi
pitirul pension; which gave the most t
his country, and which is most fully en-
titled to his grateful remembrance
it is Republication to pay the bondholder
) in crcenbacks, what is it to pay the pen
: sioncr in the same currency.
As twas stipulated in the original con
, tract that the fve-twentics were payabl
7 in treasury notes, and as the indebtedness
was created by the loan Of paper currenc
, from the bondholder to the government
1 there is not even the shadow of reaso
f why they are not now payable in the sam
f currency in which the debt was created
; dollar for dollar, nothing more nothin
V less.
!, We notice that number Of Radio;
: newspapers take the g-ound that POI
+ ton OF the FIVE twenty bonds cannot
b paid off without paying them all at tt
r same time, and that the volume of tt
n legal tender currency is not large enoue
!. to nav them al, off at once. There
It neither logic in the arguments, nor fac
l. in the premises, taken by these paper
II They are payable at the option of Il
}. government, at any time after the lapse
o five years and within twenty. If tt
% government sees fit to pay them all OFT
Of once it may do 50; If only portion
y them, it may do that.
Ut The holders of these bonds have
81 right to present them and demand pa
he ment of the government before the e
of the twenty years which they Iun at
sofre:oTT cry pay a s.os s'sS P"Jeo.
,. While the government is not bound
pay one cent of these bonds until
- lapse of twenty years, the holders cam
:, refnee to receive payment at any time
- ter five. Hence, there is no necessity
- the agents Of the government going il
y, the market and buying up bonds at
:. premium for cancellation. Suppose !
-, A. has hundred thousand dollars in Ii
:. twenty bonds. They are now due q
-. payable at the option of the governme
- All that the Secretary Of the Treasury
:. to do is to say to Mr.. A. "You hay
hundred thousand dollars in fiye-twel
T., bonds, which | now desire to pay
i: Here are u hundred thousand dollars
a. legal money for them,' and that ends
., whole matter. 1t is the merest folly
w, insist that the government ought to pa
&c bonus Of twcntp thousand for the priv
n eye of paying hundred thousand doll
of its indebtedness, or that it is repud
90 ton to pay off the fvetwenty bonds
on strict accordance with their terms.
~, There has been quite enough of
%, Radical cry of "stop thief abost Repu
of alton. There is not Radical edit
,rs bond holder or stumper, but pays off
,,e employees, and discharges his every ot
.r Indebtedness, if at all, with paper curr
- cy. The people, who have the natio
n debt to pay, and who are compelled
:. take legal tender notes for their labor 8
oh earning, are beginning to enquire why
bondholders arc to be made a prlvilc;
re class.-Madison Wis., Democrat.
ed $50 CONSPICUOUS was General Rawl
, a at the battle of Belmont, and so quiet
n chief that a correspondent Of Harp
"a Weekly, coming on the ground, mistt
40 him for Grant. and caught his daguerr