Eaton weekly Democrat. [volume] (Eaton, Ohio) 1866-1875, 1870-04-28

them thrown like offal 20 q shoa1 of hum
0ry sharks, yet the interest bearing bond
ed debt has not been reducedl The loud
p~retense that it has been diminished a sim
gle dollar, is simply a partisan falsehood
now resounding from one ocean to the
other from partisan lips, and in the col
umns of q partisan press. ! hold here in
nv hand the official statement of the
public debt of the United States, March 1,
iS70.nth first day of the present month.
1t Is signed "George s. Boutwell,, Sec
rotary of the Treasury" Tread from it in
your presence as follows:
Debt bearing interest in coin
Bonds at i've per nt....~.."...... .$22l,bS6,SO
Bonds at six per Observation-Disclosures
Amount outstanding ...........-. q, 107, ess.65o
Two thousand, one hundred and seven
millions, nine hundred and .thirty-nine
thousand six hundred and fifty dollars. /
now declare to you that the "debt bearing
interest in coin" was less than this mount
on the first day of March, 1859, a little
more than one year ago. The books OF
the department. are of easy access to the
that the debt bearing interest in coin has
grown larger instead Of smaller in the
hands Of the party that claims to have
paidAof more b eighty millions.
If the records VIII refute this statement
let them be PRODUCED ! have verified it
from official sources, and / challenge in
vestigation, and defy contradiction. /
made it upon the floor of the House with
in the last 1.-TWO weeks, and asked for a de-
NAL. No denial was made, but IN expla-
nation was rendered by the chairman OF
the Committee on Appropriations. He
said the bonds that had been redeemed
had been placed in the sinking fund,
and that they still bore interest Is moi
this a marvellous mode of paying a debit
Ycu are told that you have paid the prin-
cipal, and yet you are to keep on paying
the INTEREST," When you have paid the
face of a note, with all the interest theI
! due, who ever, until now, heard of the col
lection of further annual sums of interest
Yet this is the precise and only explana
ton made by the friends of this Admins
tration of the ~undeniable fact that the
official records of the Department show
no decrease of the public debt, but rather
amount you have actually paid, and in tn,
payment of which you have been robbed
owe sixteen millions, is still carried OF
the books, and interest on the same still
collected from your pocketsl
This is q frightful and hideous mock
cry. The whole financial system is a delu
sion and a snare; aewindle and a crime
a felony committed upon the taxpayer BY
well-mounted, booted and spurred high
waymen; a burglary upon every humbl
homestead whose inmates lie down a
nightfall after a day of wearisome toll;
cheat and an imposition, in contempt o
the law ; fraud whose adyocatesand au
thors should be scourged frofntheir abuse,
places of trust, honor and profit, by tn
fiery scorpionslash of an incensed and out
J ragged public opinion. Where now is on
/ boosted payment of over eighty million
of the public debit Where now is tn
| towering vaunt of relief to the people
Their account with the tax-gatherer is
smaller. The annual drain of interest
not diminished. The demands of th
Fdebt are no lower. On the contrary, tn
only change that has been made is againl
the debtor,-against those who have t