Democratic enquirer. [volume] (M'arthur, Vinton County, Ohio) 1867-1873, 1869-07-21

the National Banker. The people
are taxed to death. We are paying,
in all sorts of taxes Federal, State
and local-about s70O, 100000 a year.
We want to greatly reduce them.
But here steps in the bondholder,
who says HsRemember thatin your
reductions you retain for me fully
one-quarter of that snm in green
backs for my interest annually."--rr ~
Then comes in Now England man
ufacturer, who insists that, in order
that he may be protected, we must
have q tariff of an exorbitAnt char
acter The necessaries of life must
be immensely burdened, so that
upon foreign manufacturers we may
afix such duties as will exclude
importations that come in competi-
ton with New England products
We must, in addition, also pay
$15OOOO,OOO extra tor the goods,
higher than they could be bought
for in Europe,
We could save $50, 100000 by re-
deeming $350,OO0,O00 of bonds,
which constitute the basis of the
bank circulation, issuing greonbacks
in their place. But the 1,700 Ma
tional Bankers are leagued together
to prevent it, because it would stop
their twenty-five to forty per cent.
which they are now making yearly
off the people.
There is not money enough to do
the business of the country. Labor
is ill,remun Grated, and hard to be
procured. Trade and business OF
all kinds arc dull. The farmer is
receiving a ruinously low price for
his grain. Money can only be OBJ.
tanned upon ruinous terms. Why
is it not made plentier by fresh
issue of greenbacks, which, in ad-
dition to diminishing our taxes by
stopping the interest on bonds,
would give additional monetary
liabilities to the public? The reason
is, that the bondholders oppose ii
because they desire to have their
bonds paid in gold, and can not tol.
crate the idea that they are to be
called upon to take the same money
which all other other people receive
for their debts. They are not only
opposed to any more greeubacks
being issued, but they are deter
mined that those that are out should
be called in and cancGled, Then,
with the currency at par, they fee
sure of being paid off in gold.
The people demand equal taxa.
tion for all. But the bondholder
and the banker forbid it, and have
it so fixed that their property in
bonds-one.fifth of all that which
is in the country-is exempt from
taxation. 1t is hard for the poor
farmer, mechanic and laborer tC
school the bondholder's children,
keep up the roads free for him, and
pay for the police which prevents
him from being robbed and mur-
dered, but under the present sys-
TEN they have to do it.
These three classes Of men-the
New England manufacturer, the
bondholder and National Banker
under Republican Administration
have been ruling the Union. Near
ly one.half Of the late Republican
House of Representatives were
National Bankers, and a large por-
tion of the remainder were bond
holders and manufacturers. They
will do nothing to relieve tho peO-
pie from the eXactions by which
they personally thrive. They will
keep up the taxes. They prostrate
the business of the country by 8
small and insufficient money oircu.
lation. They will preserve the
monstrous and lniquitous tariff.
Not word is said in the Repub.
lican platform against this class
legislation. That party was the
author of it. It's leaders are fol-
paying the bonds in gold, They
are for the New England tariff. I
They are for high taxes on the
necessarios Of life. They are for
the National Banks, with their
twenty-five to fifty per cent. profit,
out Of a circulating medium which
the Government could issue in q
better form for nothing.
In addition to Fall this, the times
are kept hard by the South being
prevented from organizing ON .
white basis, which precludos q hope
Of the speedy revival of its indus
try. The Northwest thereby loses
an extensive market, which Of right
belongs to it, for its agricultural
products, and for it's manufacturing
and mechanical industry. The
times are hard, and unless thoro is
a speedy change in our political
affairs, they will growharder. Gin,
Enq,