The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1869-10-01
PendIeion,s snoech.


/ Mr. Pendleton, the Democratic can
didate for Governor, was serenaded
several weeks ago, and responded in a
lengthy speech, which he had evident
ly prepared for the OCCASION Under
such circumstances, one would natural
ly suppose that he would endeavor to
fortifY his statements by an array Of
figures which would not be gainsayed,
and would not be led into stating posi-
tions at variance with the truth. But
it seems there is too much of the dema-
gogue in his composition, and he endeav-
ors to mislead his fellow men on points
where he knows his statements to be
wrong. For instance, in his speech,
he says, speaking of the public debt:
And in the midst of transactions like
these We hear of large payments on account
of the public debt, and Governor Hayes con-
graduates himself that in four months the
debt has been diminished S43, 100000. He
says the debt on the first of March was 80, :
525, 100000, and on the 1st Of August was
81, Isl, OOO 600. Why, gentlemen, every
other Secretary thought the Pacific Railroad
bonds were part of the public debt. Chase
and McOullOch always included them.
They amount to S64 600 900. Add these.
to the 81, ,4Sl 600, 600, and the total appears
to be 50, 545, 100000, OF twenty millions
more than in March. Figures wont lie
may bea very true saying, but they can be
so turned and twisted that they convey to
Us common people, who are not Secretaries,
but only Taxpayers, false impression. II
the public debt statement were made on
August 1, it would show, according to Mr..
Chase's rule of statement, 81, ,622 900, 000,-
according to Mr.. McOullOch's plan 50, $685.
OOOO00, instead of S246I 100000, according
to Mr.. BOutWells plan.
Now, if his statement be true, he
simply confounds himself, for if the
Secretary of the Treasury has not az
olltded tie Pacific Railroad Bonds, IN
his statements, what right has Mr.. Pen
dleton, as an honest man, to add the
amount of those bonds, TO the Secre-
tary's August statement, unless he also
adds the same amount to his first state
ment. Every one can see the dishonesty
of Mr.. Pendleton's statement and
measure the character of the dema-
gogue by it. Had he desired to make
a fair statement upon the basis that
the Pacific R. R. bonds were a part of
the public debt he should have added
the amount of them to the Secretary's
first statement as well as the last. But
this course would have shown the large
decrease claimed, to be actually so, and
''Gentleman GeOrge"-what misno-
mer,-would not have been able to
throw dust in the eyes of his followers
Below will be found a correct statement
of the Public Debt, at the first Of March
and first of September showing the
debt in detail, and that all the items
embraced in the Ist ofMarch statement
are also embraced in the first of Sep
tember statement, and exhibiting the
fact, in a shape that Pendleton cannot
gainsay, that the debt has been de-
creased $49, 500, 1859:
March l 1869 Sept. 1869 |
5-20's Outstan-
ing 81, COZ, 5S7 $50 81, 565, ,337 sos |
Other Gold
Bonds, sos 256, 500 505,266 see |
Gold Notes 2S,775, $50 23647 $50 |
Accrued Int. 32,07S,S6S 36,963, 600 |