The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1869-03-13
THE INAUGURAL ADDRESS.

This document will be found IN an
other part of to-day's paper; and We
bespeak for it an attentive perusal
Some of the papers, we notice, have
seriously objected to it on account O.
its style; but though its sentences
lack that euphony and dignity which
usually characterize state papers EN-.
anating from great statesmen, we con.
slider such objections as of little ac-
count when compared with some OF
the political dogmas it enunciates.
The new President, at the outset of
his Inaugural says that his office came
to him ''unsought," and that he com
mences the discharge of ''its duties
untrammeled )" thus conveying the
idea that he is pre-emlnently spec
pies man )" and that he is considered
the great champion and friend of the
people Let us see what sort of a
friend he is; let us see how he propos-
es to and and benefit the people.
First: His policy on financial
questions. He is in favor of re-
sumption of specie payment as soon
as possible; and he says that "every
dollar of the government indebted
ness should be paid in gold," except
"otherwisc understood or stipulated
in the contracts" This exception
amounts to nothing, because the lead
ing Radicals, all over the country,
contend that the whole debt should
be paid in gold. That is his policy,
and that is the policy of the Radical
party of which he is now the great
leader. On Nov. !, 1868, the Nation
al Debt stood as follows: On the
books of the Government, s., ,527, ,129,-
552. BY comparison with the fig
ures of Nov. l, 1867, the increase dur
ing the year, is found to be s35, $685.
l02. This vast sum, borrowed by the
government from the money-lenders
of this and other governments, the
new President says must all be paid
in gold mot q dollar of it in curren-
cy. This will be glorious news to the
taxpayers of the country. 1t is a
matter of no consequence with Presi-
dent Grant that these bondholders
bought their bonds with greenbacks,
paying dollar for dollar; it matters
not that most Of these greenbacks on
" cost them about fifty cents on the
dollar 1T matters not that the bond
holders have already received more
money on their bonds, in tho form of
gold interest, than the bonds cost
originally; it is a matter of no conse-
quence that the bondholders are real
ly receiving far higher rate of inter
est than is paid by any other govern
ment on the globe it matters not
that the taxpayers of this nation are
bowed to the very earth by the bur
densome taxation imposed upon them;
it matters not that the bondholdcrs
are not taxed like other men, and
that they do not contribute one cent
towards the support Of the govern
ment it matters not that our Ma
tional Debt is really greater than
that of any other nation, Great Brit
ain not excepted, and that our taxa
BILE property is much less lit matters
not that our National Debt, instead
of decreasing rs actually augmenting
at the rates of over s35, 900, 900 annu
ally all this amounts to nothing il
the new Presidents estimation. Tht
debt must be paid by the taxpayers
Not only so, it must be paid in gold
The poor, laboring man must worl
harder; he must deny himself ant
family all luxuries and many comfort
In order. to raise gold wherewith t
pay the bloated bondholder his gold
interest and ultimately his principa
in gold. Such friend and champion
of the people is President Grant; bu
from all sa1cA friends we pray to b