The weekly standard. [volume] (Raleigh, N.C.) 1869-18??, 1869-12-08
North Carolina Bonds.

1 The. low market price of the State bonds
! is matter of general regret. 1t is regretted
by the people Of the State regardless Of
party: first, because of the utterly Trade
quate amount received in return for the
amount which the State pledges itself to
pay; secondly, because the depreciation of
| the bonds renders their amount too small to
| effect the purpose for which they were issued;
| and thirdly, because our people know they
are good, and feel sense of shame that
bonds, which bear the promise to pay of
North Carolina, should be treated with SO
much suspicion by capitalists.
The people are astonished that the bonds
command no better price, and ask why such
is the case. asa
The answer is easy.
1t is because of the course of Democrat
ic" papers and 'Democraticn politicians,
who have raised the cry ''sRepudiation" for
the sole purpose of destroying the market
value of the bonds This they did in order
that they might charge the lowness of the
bonds as an evil result of Republican rule,
and by thus decciving the people make
party capital. That was and is the sole
purpose of the "Demo cratic" cries "repudi-
ton" fraud" "extrf lvagance,n- which, for
the last six months have filled the columns
of Democratic" pa pers and the speeches of
democratic" ore tors. There is hardly
Democratic" PAPER in the State which has
not done its utm ost to derreciate the bonds,
but no one of them has done more than has
the Sentinel Day after day, week after
week, and month after month, it has been
filled with the vilest abuse of nearly every
State officer and prominent Republican in
the State. Their every act is studiously
misrepresented. and the most trifing cir
cumstance proclaimed as evidence of fraud
or corruption. In this manner has the Sen
tiael endeaFored to destroy the credit of the
State, that its party may be able 10 use the
result Of its own actions as a weapon against
Republicans. Now, then, do the people of
North Carolina see why their bonds arc no
higher, and that the Democrats are the
enemies of the credit of the State
If not let them take up file of the Sen
tinel, or of almost any so-called Democrat
ic paper, look at the lies it contains-the
assaults upon the soundness of the bonds
the declarations that they will not be paid
and then let them wonder-not at the de-
probation of the bonds-but that they have
any market value at all.
Let the people remember the speeches of
Senator Robbins and other Democrats last
winter, in which he predicted the repudia-
ton of the bonds and warned the capital
lists of the North not to buy them-can they
see now who it is has been doing all in their
power to ruin the reputation of North Car
olina bonds?
Let the people remember that all the false
predictions and false warnings of Demo
cratic " speakers-all the ISLANDERS, false &C.
cusations, charges of fraud and threats of
reputation of the Democratic papers
are copied by Northern papers and read by
Northern capitalists and can they think it
strange that the credit of North Carolina is
doubted when its bitterest assailants are her
own children!
We tell you, people of North Carolina,
that the " Democrats " are doing all in their
power to ruin the credit of the State. The
Democrats are acting like the hypocrites
they are, and, while loudly lamenting and
denouncing the low price of your bonds,
are using every means to bring them still
lower.
We tell you that every energy of the
Democratic leaders is being used to des-
troy the credit of the State
Why2
For the miserable purpose of making the
depreciation of your bonds a means of de
ceiving you into voting for the very men
who have wrought the evil Yes, for the
sake of political power these bad men have
been willing to sacrifice every interest of
the people and State and to bring distress
upon helpless and innocent people.
And now the people of the North as we'll
as of our own State know why the bonds of
North Carolina, state whose honesty no
man ever yet dared to impeach, are selling
at prices far below their proper figure. And
now the people may know what mean the
articles about reputation which fill the
columns of the Democratic" papers. And
now they know the object of the scandalous
speeches made by certain Democratic "
members of the Legislature
Let the people bear this in mind and let
them, regardless of party, remember that
the Democratic leaders are trying to Sc
cure power and place at the price of the
dishonor of North Carolina and the ruin of |
her people. When Democratic =" papers
and speakers talk to you about the depreci- |
alton of your bonds curse them for they |
have BETRAYED vou