Oregon Republican. [volume] (Dallas, Or.) 1870-1872, 1870-05-28
The Orlesoh 9tguOlieea.
COUNTY OFFICIAL PAPER.
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DALLAS, SATURDAY, MAY 2s.

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DALLAS, SATURDAY, MAY 20.
wanted the country sett ed
and ii offered an inducementawhi in
volved great risk to these who accepted
it. But, like the purchaser of the
bond, reward was coupled with the
risk it was fair contract, and taose
whNav.file'f fhemselyos.of this offer. in
both cases, have made money by their
risk and the Government can now no
more interfere with the rights of the
bondholders, than it can with the rights
of Oregon Donatioa Land holders.
There never was more infamous prop
ositiou to rob men than is contained in
this ssequitable adjustment repudia>
tion scheme. Why, it is worse than
the Democrats say of The present tariff
on woelens under which the Demo~
cratic candidate for Governor made all
his money. have heard the Demo-
erats in Congress, day after day, de-
nounce the operation of that tariff as
'swindIing.' " stealing" robbery"
These are the words; and now how
would Mr.. Grover like to have law
passed to ''equitably adjust him out of
his profits, honestly made by virtue of
the tariff, in the manufacture of wool
at Salem ? How does he like his own
medicine | cannot believe that the
Democratic farmers of Oregon, who
have received their lands and homes
from the Gorcrnment. and who would
scorn to repudiate their own obligations,
will allow any clique of politicians to
place them in such false aud dishon>
orable position, as tor vote to repudiate
the nations debt, and bring dishonor
on the nauieof an@Americn citizen, Of
which honor they are justly proud
The Way to Disaster.
But such a move must be disastrous
in every view of the case. Instead of
relieving the country and restoring
prosperity any Sproposit;on made in
Congress, hy party able to carry it
out, to enact this equitable adjust
ment" swindle. would be the signal of
the most terrible and disastrous fnan~
cfal crash ever witnessed in any coun-
try. The ink would not be dry on the
approval of such law, until every fac
tory, mill AMI workshop from Lowell to
Oregon City, would be closed and their
operatives idle in the streets. Your
ships would rot at your wharyes, your
grain become worthless, the pillow stop
in the furrow, your railroads stop where
they are, and nine .tenths OF your mer.
chants and traders be hurried into the
vortex of general ruin The national
debt is now the business capital Of our
home aud foreign commerce, having
supplanted State stocks, and it cannot
be disturbed without involving every.
body In loss and many in ruin. But
the pecuniary loss would be nothing
compared to the loss of national honor
and good name. 1t is far easier to pay
large debt honestly than q small one
dishonesty and it is not only because
honesty is honor and justice itself, but
ii 10 also. because it is cheaper, that
makes it the best policy.
A Calamity to Oregon.
But again ask, what do the Oregon
Democrats mean? Your triumph upon
such a platform would be calamity tc
the State. Your Representative and
Senator would not only be powerless il
Congress, but would be an actual dam.
age to prospects for further aid to rail
road and other Improvements, anc
they could serve the State best by stay
ing at home. You propose to with
draw Oregon from all support and sym.
patby from oil the rest of the nation
Then Chat can we do? Your triumph
would discredit our railroad bonds nov
being negotiated here and abroad. Cap,
italists would say, eff you Ore goDian
will repudiate the national debt, il
which we are now interested, you viii
swipdle us with your railroad bonds
and we won't touch them" The State
Of Mississippi is an example. They re
pudia:ed their State debt, and evel
since that day, their State and railroad
bonds have been the curse of stocl
market. Better for Oregon that uni.
versal blight should blast our next crop
yea, that plague and pestilence shoplc
visit us, than we should be disgraeec
and damaged by verdict for repddia,
tion and dishonor.
i had intended to say something o
the Democratic opposition to our rail
road interests but this letter is already
too long, and it must be entirely un
necessary, since the Oregon Democrat,
platform is plainly adverse to asking
for Government aid. Friends to rail
road improvements ought to know tha
a Democratic victory is the end of fur
ther aid to our proposed roads, ane
either vote against Democracy or sta,
at home. | know it is bitter dose /,
Democrats to stand by and consent to
victory BY their old opponents but re