The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1870-04-01

therefore, III 1867, stands rs follows
Amount Of bonds sod. sGD, ,os2, $50
Amount paid for them ......."..."... 4i.V30. $40
Amount Of bonus clear gain TO The bond
1921 sol
Interest already pad on bonns......." G,i02,G5i
Interest yet to be paid on bonus 14,239.5 52G
Amount paid aud yct due the bondholder
for which he never paid ccst"......s3I, s93,osl
Thus it VII be seen beyond cavil or
question that upon an investment Of Il
little over forty-four million dollars the
traflicers in national londs obtained
the obligations of the Government for
over thirty-seven million dollars, not
one dollar of which ever left their cof-
fers or ever found its way into the
vaults of the Treasury. / am treating
now simply of that which is clear gain
leave out of view their bonds for
which they paid. | shall in this con
nection discuss those only for which
they did not pay; / shall separate the
fraud from the reality; / shall draw its
startling outlines so that all men may
hereafter behold it and know their
rights.
During The year of 1868 the records
show that the Government issued its
bonds again to the amount of $780,
9S7 800. Estimating the price of gold
mt l1S Ill currency, which will be found
too low instead of too high, it will be
seen that those who bought this issue
of bonds paid to the Government only
the sum of SOL $50 ,S54, being the
sum of $50 ,O3G COG less than their face
ut which they are now held over the
bended shoulders Of weary and over
taxed industry This was the original
discount-the brokers shave in the be-
ginning. The amount nominated in
the bonds il unreal and imaginary and
represents only the grasp of remorsc-
less creditors. But this bouns of over
iiftyninc millions by which we pro-
cure the accommodation Of capital in
our days Of distress bears also its six
per cent. interest, and enables the
usurer literally 10 reap his annual
golden harycsts where he has sown no
seed. The people have already paid
upon il as interest in gold tho sum of
SIT ,129 ,01O. This il interest paid up
Oh money never received, and which
the people do not owe. The amount
still to be paid rs interest upon this
fraudulent bonus by the time this issue
Of bonds mature Is S5I 1877 ,O30. Re-
member that the bonus itself being
placed in the face of the bonds with
out consideration, all interest arising
from it Is likewise spurious cxtortion.
The transactions of 1868, then, sum
up in the following striking light:
Amount nf bonds issueI ......slG0 esT $50
Aia-uat pail fer teen IGIs90.sSt
Ansrn, Il b9nus..... ......... ...... 59.o96. $50
fn:ercstnlrcady paid bonus. tTI2g OIO
!a:sFcst yei - be paid boaas...... 53.iS7 .o30
Amount paid aud ytt duo ihs bond
bold. for which hc has paid nothing
al Il..
Here is demonstration which boldly
detics all assailants that the bondhold-
er to-day haJ III his possession the OBJ
legations of the American people TO pay
him over one hundred and thirty mill
ion dollars in gold, growing out of the
operations of u single year, not one
cent of which did he ever advance or
expend III their behalf He paid into
the Treasury one hundred and one
millions and one fraction over, NJ /
have shown. This he of course re-
ceives back again with its six per cent
interest, but the unbearable injustice
is the additional $50 900 900; the boz
nus and the interest thereon, all of
which is something for nothing.
If the laboring masses of this free
land are willing to endure such sys-
TEN of wrong, of plumber, and of wick
edness, then indeed may they crouch
down, like Issachar of old, between
heavy burdens and ut the bidding of
privileged masters.
In 1864 there were issued 1891 ,292,-
$50 worth of bonds, SO far as their
face disclosed their value. The price
of gold during that year was at IN av-
erage of POI in currency. Here we
find that the sale of these bonds real
lied to the Government the sum of
$1S9, ,697 ,G36-less than one half of
their nominal amount. The sum
charged by the bondholder for the ad-
vancement and loan of something over
one hundred and eighty-nine millions
was the fearful bonus of $191 ,594 GA.
Figures are the faithful witnesses of
truth, and / submit them here to re-
veal oppression and to produce reform
and justice. On no other subject did
they ever speak with more potent
voice; in no other age did they ever
bring to light blacker phase of the
avaricious nature of man. Nearly two
hundred millions are here shown to be
an absolute gratuity, and the interest
which up to this time has been wrung
from taxpayers and applied upon this
enormous donation to avarice, reaches
the sum of $45, 1882, ,7O8. The usury
yet to be paid upon it as interest on
money never received by the Govern
ment amounts to $183, ,930,632. The
result of financial operations in 1864,
therefore, stands as follows:
Amount of bonds issued $3S 293 $50
Amount paid for them ............-.. 189, 1897 636
Amount OF bonus 19I 1914 ,614
Interest already paid on bonus........ 45.9S2, res
Interest yet to be paid on bonus .... 1s3930, ,S32
Amount paid and yet to be paid. for
I which nothing WAS ever received by
tho G0ycrnmcnt............... $42l ,50S, 81
-Four hundred and twenty-one mil
lions, five hundred and eight thousand,
one hundred and fifty-four dollars =
i snaoulatiOn as wholly and totn11v