The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1869-09-23
WHOLE No IS IS l7r5 Fl,
low rate, while the nanufactlfred ai'
ticIa il Iar0elv nrnfeEfed Jd ed II Il

low tdtG, W iiiS t4lS Iitttil ufttClltI GU IL
ticle is largely protected. ID ''I il =
The manufactured woolehg66dsare
taxed heavily, as l have tod YOU, but
the wool Of our Western Reserve; is
subjected to such Sharp competition
that the farmers there have been al
most driven from the market. IN ev- |
cry county in Ohio the iiuihber''o 'of
sheep has been largely diminishetin in |
the last year, and the total dccreaseiis
mot less than million and a half.
I Well has an Intelligent writer said,
Ethat our legislators have bluhdering-
Iy Disseminated in favor OF tie rich
against the poor, the idle cldsses
against the lahoring classes; and arti-
cles Of luxury against articles OF 'neces-
sity." Not 51aade3Iayt}, lot Govern
or Hayes was in gongreSs When this
tariff was revised, and Nj. "Sherhlaan
boasts that for ten Years lie has taken
part III prepaiihg every law on finance
or taxation, and both are going around
the State ccongratulaitillg the / people
that they are 50 Justly, 50 evenly, 50
wisely and So lightlyF taaS{ed. II do not
wonder that Mr. Sherman t0lf. US at
Canton ana told Us tfttiy, that i1&zhev=
er knew the difference bctW6d1 4 ret-
enue and i protective tai!i0: III, ''"'
2oThese gentlemen when dliEeit' On
these points, tell. US that the poor, tic
labofing men, tile fhrrrners,' do not iG}e
imported goods, and do not pay The
duties to the Govefhmn'ent.. That. is
one of the enormities Of the system,
The price Of tie domestic article is
regulated by the tariff: IL The home
manufacturer fixes his price that he
prnay just undersell the foreigner. The
consumer pays the price, and. he has
the exquisit satisfaction. Of knowing
that none oft goes into The Treasury,
but ali Oft goes into tie pockets Of
the manufacturer. The co1f}nlissiiotheI
Of internal Revenue, Nj. Wells, in
his last report, says that the duty on
lumber paid into the Treasury in 1868
was two million two liIndred diiid fif-7
ty thousand dollars, but that If cost
the people sixteen millions to, collect
it. The duties on salt yielded in 1867
one million of dollars, but the price
ofevery bushei Of salt made III III This
country was raised to the consumer
from twenty-three to forty eight cents
a bdshcl. .''" ''..i'!'', '.', III - ,'''', ~
The effect on agricultural Interests
produced by this tariff, I need not
illustrate to All intelligent western
audience. You feel it. ?flie effect
on commerce &C. is zsrstat e,a ,,. b y
Commissioner 10 Wells to be such
that if ships, available; Avail for for
eign trade, were furnished us without
cost, we could not employ them, ,o
= SECRETARY PAYS PREMIUM on. BONDS.
said the expenditures were qQncc-
essary. and wasteful, and that they
+were all in the interest Of the dead, in
active capital, The last report Of the
Secretary shows that he is boarding
$101. 1.214, 1856 in coin, and $12,14I,000, in
! currency. Why? To. what good
purpose?. The customs of q half year
are there: Tie people are paying Six
per cent. in gold as interest on the
t public debt. and the Secretary is
boarding this immense. amount Each
, month, with great parade. he sells six
or nine, millions, and with 1he, pro
ceeds he buys bonds, giving in the
market for them twenty-five per cent
= above par. They are now redeemable-
| On their face-by The LAWN equity,
+ they are payable in legal tender notes.
The holders gave ,legal7lepderr ,ior
them, when legal-tender notes were
worth not more than half what they
: new are, and yet the Secretary of rt4e
, Treasury insists on paying a premium
! of twenty-five per. cent, L Will not
+ argue again this question, / prefer.to
rely the authority OF, Sherman, aud
, Morton, and Stevens and Ewing.
They say the bonds are payable in
greenbuells. Then they Ought toibe
: so paid ); and 3tho people are robbed
! whena premium is paid. Iftlfcy'are
: payable i'll gold, the Secretary Ought
; to pay them in gold and not buy up
, the paper of the Government at a dis
. count. St.5.. .HH-it
1t difficult to speak of this Con-
duct of the Secretary with the RESPECT
which is due to his high offfce!! II
costs the people, as Mr.. Ewing has
well said, more than all the frauds OF
the whiskey ring, andis scarcely more
honest than they. .ai'i ..}d H"L i'i'l
Under this process ofpaying prehiiIii- prehiiIii
+ um the market value OF the bonds has
: gone up from ten to twelve Per cent,
+ and 10! the Secretary exclaimS, ;'What
: d: marvel of Financial ability! My
l magic touch, has, in three months,
: raised so high The credit OF the Coy
+ ernment!" My frieht, pay OF few
S Of your notes in the same way" then
t stint your family, cramp your busi-
: ness, seize upon the earnings OF your
+ children, and Insist on giving to Your
+ creditors twenty-five pei" cent. more
/ than your note calls for, and your
e credit will Improve; always provided
: the public does not consider, NQqi .
: fool, or the Probate Court does nQt
.
: DEBT NOT DIMIN1sIIEn. .uoE!
And in the midst OF transactions
: like these we hear of large payments
: on account of the public debt, and
: Governor Hayes con@ratul@tes him:
self that in four months the debt has
p; been diminished S42,0o9099.d He says
the debt on the lst OF March was 50,
: 525, 000O00,' 'amd on the 1st Of" August