The Republican journal. [volume] (Belfast, Me.) 1829-current, 1869-07-22

BELFAST CITY BONDS AS AN INVESTMENT. We are
glad learn that shrewd seeing the advantages
of putting their money into city securities. We
have Just learned of farmer who investigates the value
of different forms of investment and who has sold $4,000
worth of bonds and bought the bonds of the
city of Belfast He sold at large premium and bought
the city bonds at ninety cents dollar. He escapes
the special tax thereby. Belfast Journal
! Now, if the Government bondholder> are getting
$ boatcd. which is the Democratic term for get
ting rich at the expense OF the peope-why should
they sell out t. s. securities and invest i'll those Of
Belfast: The journal has made good deal Of COM
plant that holders Of Governments were making
too much money by being exempted from taxation.
1t here states fact to disprove its own theory.
| There's screw loose somewhere. Why not special
ly tax the city bonds: Will not that create bloacd
bondholderS!
ocratc style, and shall next expect to find them
arguing that United States securities are worthless
and burdenSome. and that = bloated bondholders"
was only playful term for lmpOY criSheu specula-
tors. Bangor Wing.
First, we desire to thank the Wing for add
rertising our city bonds so conspicuously. 1t
will doubtless help the sale of them. But
there its generosity ends. 1t can't even afford
three or four lines more to give our para graph
entire, but cuts it in two in the middle, in the
entleavor to make it fit into the line OF its an
gument. We said further
Also, he holds that the country will demand bond
taxation and Il reduction of the present high rate of
interest the debt and that the national bonds
will be replaced by others bearing not over five per
cent.
When that takes place the Democratic par
ty will be in power. The shrewd farmer of
whom we spoke understands that and acts
upon the understanding. 1t is the mission of
the Democratic party to compel equal taxa
ton Of all the property Of the country and to
bring down the present enormous and grind
ing rates of interest, as well as to reform
other abuses. When that is realized, as it GER
tainly will be, the bonds of Belfast will be
better than those Of the government, because
they run unchangeably for thirty years, while
the government has the right to call in all its
bonds within ten years
The attempt of the Wing to change the
meaning Of our paragraph by publishing on'
half of it, reminds us Of an anecdote Of that
eccentric preacher, Lorenzo Dow. He was
in the habit of resortng to curious tricks ani
devices to excite the interest and secure the
attention of his audiences On one occasion
he announced his text as from the words OF
Paul, Il can do all things" Pausing and
looking around the audience, he said-s'No
you can't, Paul-You can't do all things. II
bet five dollars that you can't" Drawing
his wallet and laying down five dollar bill
he proceeded. "There's the money, Paul
Now, let us be fair, and hear your statement.
Turning to the Bible, he read-''I can do al
things through CHRISTI "Ah!n said he, ''that
alters the case, Paul. withdraw the bet.''
The Wing omitted the most important part
These things are to be done through the
Democratic party--the political Savior.