The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1870-06-29
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Twenty-nine Radical HRepuGa--
z In, tors" In the House. 4

. w g, nave Tue COHgfeSSs0fldt Uk00e OI
Friday Last with the debate. on the
proposition of Mr.. Beck eof Kentucky
to, tax all interest or coupons, paid on
bonds issued. by thei Unitedi STATES,
the sam of five per cent. to4sbc. de-
Quoted by the disbursfng officersl of
government in, paying tho ttt . in nteresttii
The discussion was very spirited
one, Butler. (RadicaD, and Eldridge'
democrat, } leading the friends of
equal taxation, and Schenck cham
pioning the iBondholders, The New
York Herald describing the debate,
says: q '..iet .H2ii3anGoJ Il
Butler has all along stood to with the.
Democracy on this question, and. to-
day he led that side of the house,
with few Struggling Republicans
from the back townships, up against
the ramparts of the fstbloated sbond--
holders, or, as Butler has norelr re-,
centlyllehristened them, the rascal
bondholders." Had it not been for
the stubborn resistance of such bull
dog fighters as Schenck, there is no.
telling what mischief the Essex states
man would have wrought among the
ssrascals" As it was, there was great
trembling in the camp, and while
Butler was charging right and left,
one could almost see governments"
going down like the mercury of a ther-
mometer during a hail storm inFmid
summer. Small fry like Sir Giles
Overreach iHotchkiss, of New York.
and Benton, of New Hampshire,
cried Reputation at Butler, but that.
giant did not even deign to notice
them with $500, hyl don't bodder
me-" He kept right on after the ..sras-
calls" all the time, shifting them hip
and thigh, defying the Jews of Am
sterdam and Frankfort and swapping
his fingers IN the face of the Shylocks'
of Wall street. The Democracy took
new courage, but they shrewdly allow
ed Butler to do all the talking and to
put in all the sledge-hammeri blows
single handed and alone. They, no
doubt, considered that he was more
than a match for the rascal bond
holders" Schenck and Buffers speech
was, all "clap- trap" intended only for
the "stump" 20 make a sensation, =
Butler said lie couldn't see it,, but
even it was 'sclap-trap," with the help
of God he would live and dIe by it
The result, 78 to 10, showed that
there are more Republicans than But
ler-twenty nine in aH-who enter
tain the same views about the "rascali
bondholders. I" ''-'' o0N.4
,Wey propose to give our readers
some of Buffers "sledge- hammer
blows as the Herald styles, them,
DEPRESSING THE POOR AND EX--
EMPTING THE RICH. i.inf
The committee of ways andymeans:
in this section propose TO taN:ther rdivi-.
dends of savings-banks by; having the
tax deducted from the ipcome of little
savings. of the, servant. girl, yet they
EXEMPT. llp the whole 81, 10O, ,O00, 900 of
United States bonds and 81, ,500, ,000,-
900 Of, state; gbunly, city, town, and
muNicipal bonds from like taxation.
And we are to go to the people with
this proposition Not !, for one. Sooner
let my right hand forget its cunning,
and my tongue cleave to the roof of
my mouth. 1t is unequal, and there
fore unjust it is expressing the poor
and exempting the rich,. and therefore
'impolite; it is striking at the weaker
and passing by the stronger, and there
fore cowardly. M. =. t.L.t.....-.
EFFECT OF TAXING BONDS ON THE
NATIONAL CREDIT
{, Mr.. Speaker, L will answer the in
quiry which the gentleman from Ohio
IMr. Schenck1 challenged me to an
swer as to the effect which an affirma-
tive vote upon my proposition to tax
the income on the bonds honestly
would have upon the credit of the
country. Let me at first say to you;
if any gentleman will show the faith
eff this government has been pllghted
that the income from these bonds
should not be taxed in any way or
form, then / agree that taxing them
or taking the income from them VIII
injure our plighted faith, and that IT
ought; but there Is no man upon this;
Roor so bold as to stand mp here and say
that the faith Of the country ,oas os.ghte@
against taxing the incomes i-cm eN these
bonds. So far from that, you express
" said they should not be taxed by
states or municipalities. On the con-
trary, we have taxed them. We have
always taxel them. When we began
to sell them we began to tax them
CONCLUDED on FOURTH PAoE.)