The Placer herald., 1869-11-27

| IL lcRIi IluuelS Me HUG fuOuey suc uOIIOWcu HO
money, oves nothing and the whole transaction
is unconstitutional and void in law, and the peo-
pie, to whom all power not expressly delegated
| 10 Congress are reserved, are not bouud. Then
the whole question is one Of equity and Justice
between the bondholder aud taxpayer. 1t is not
equitable to pay at its face in gold bond for
81 900, purchased on the Sd day of March, 1864
for $500 in coin, and upon which has been paid
twelve per cent interest on its gold value for five
and a half years, aggregating $3.50 interest
$1,000 in gold, Or in other words. make the tax
payer give the bondhodcr 1880 in gold for
that which he only paid the Government $500
in value for. This Government repudiated one
debt debt Of 800, 1000 900 contracted in achiev-
ing our Independence Of Great Britain, but the
bondholdcr and his organ don't whine over that
dlshonorable act, and we do not wish it to repu
diatc this one, but we will not consent, nor will
the Democracy or toiling taxpayers consent to
pay two dollars when we in Justice and equity
owe but one. eI
We have not differed with the Examiner in
the past, nor do we now, that we know Of, ex-
cept on this one question, and in this we have
the party, the law and the equities and justice on
our side. A few wealthy, bondholdng profess
sed Democrats in the east and their paid or in
terestcd organs go with the mongrel money bags
party on this question, but they do not number
one in ten thousand OF the Democracy. We say
again TO the Examiner that this debt question
covers, drags in, and necessitatcs the success OF
all other Republican policy. Negro and Chinese
suffrage is now pressed only to lurni sh cheap,
purchasable voters to retain the bondholder ring
which con trolls the republican organizati on in
power, until this debt, one-half of which the Er-
aniincr So s is fraud, is chained TO the necks
of the producin classes in the shape of gold
bonds This effected and in the course Of few
years the rich will have become so much richer
and the poor so deeply dependen that the bal
ance of power in voters can be purchased to vote
an Empire The Examiner says it would have
the interest reduced TO four per cent. This Is
simply ridiculous The bondholdcr now draws
six per cent interest in gold on the face of bis
bond and while you tell him it shall be paid
principal and interest in gold, he will laugh at
your simplicity and refuse to re-bond. This
theory is on a par with the boy that was directed
| to sell the COW and 10 ask $l5 but if he could
get no more take $40; the purchaser came and
asked the price, when the boy answered: Dad
said TO ask fifteen dollars, but if you would mt
give that to take tcn.' Doubtless there is more
rejoicing in the bondhoiers' camp over the ia III
or conversion of one enemy than over the hosts
of organs who are already theirl. Pay or promise
10 pay the bonds at their face in gold or gold
bonds, and high tariffs, swarms of assessors and
Revenue colec ors, and an expensive admins
trition follows, poverty cnsues and grows deep
cr and more demoralizing from day to day and
then, what principle of Democracy is left worth
contcnding for. When politics sink into n mere
scramble for Office and spos, we shall belong to
no party.
Equity to all parties, on this debt question. is
where the Democratic party stan Is, where it will
continue to stan d and where we stand, because
it is on the rock of justice and homes y, and this
or that man or paper dying or leaving the party
will not in the least effect the Great principles OF
truth and justice upon which Democracy has
ever stood and will remain unchanged md un
changeablc.
COMMON SENsE-Ihe Nevada Transcrip,
Of Wednesday last gives Mr.. G. 7. Hopkins
pamphlet, under the above beading, some
heavy lbrusts, some Of which are proper
enough, while others, we think the Trans
c,ipt can hardly sustain. The Transcript il
right when II speaks of tho no party plea
put forth by the Union" and after quoting
tie plea says:
"Here's where the "litte BILL" drawn by tht
light of Eastern precedent comes in again, ard
it reminds us OF series of resolutions said tC
have been passed in Puritanica times, which
were about as follows:
Resolved, The earth is the Lords and the full
ness thereof
Resoiued We are the Lords.
The State officers being politicians, although
under bonds to the people must not eXpend thei
money, but it must be given mere local organi
zation, whose managers propose to use the funds
in order TO save them from the politicians"
The Transcript quotes the following
90 The mass of the great Republican party
everywhere seems TO favor the Chinese immi gra
tion as literally any other, and this too with
especial reference to the doctrine of manhood
suffrage"
And then proceeds to demolish it as follows:
at is needless for us to state TO those W no ar,
familiar with the position of parties, that thu
above extract is gross Misrepresentation of the
position OF the Republican party, which by it
platform and Its speakers emphaiicalIy declared
against Chinese suffrage. The last par graph
therefore is ,alsehood, and is undoubtedly pu
in to make III 'little bill" which Mr.. Hopkins
and his friends have, glide more easily through
the Legislature"
Here is a damaging charge against the "Cali-
fornia Immigrant Union,'-a charge that it
ISLANDERS the great (the word great ought to have
appeased the Transcript, for it is, in fact, a di
minutive party in California; Republican party
in order to carry favor with a Democratic Legs
lature and make the little bill glide more easily
through. In this we think the Transcript il
right But can the Transcript sustain its as
sertion that the Republican party is opposed tc
Chinese suffrage. True, its platform and some
of its speakers SO asserted, but all its members
voted to give Cong power to make the Chi
nese 10th citizens and voters, and to rob tht
State OF the power to dsfranchse or keep Chi
nese from voting. TIL, Transcript goes into
the "Union' or Mr. Hopkins proclaimed "com
mon sense" with vim that pleascs us, and will
f.A--