Oregon Republican. [volume] (Dallas, Or.) 1870-1872, 1870-05-28
DALLAS, OREGON. SATURDAY. MAY 2S. 1870.

for the bonds, and no man can now dis
pute it. Since the original transaction
most of the bonds have change hands
at from 81 to 98 cents in gold, and ]
question if one-fourth of them are now
held BY original purchases, and This
fourth is made up of trust funds for
charitable and benevolent societies, and
widows and orphans, whom to despoil
Of their incomes. honestly accruing,
would be DO less crime than to steal
tho bread of charity from the hands of
orphan children. To summon oil these
bondholders now to take fifty per cent
for their bonds, would be actual repu>
diation of that much of an honestly
contracted debt, and 20 amount of the
DRY can make anything else out of it.
That the Government was swindled
out of vast sums of money during the
war, there can be no doubt; and that
the suppression of the rebellion cost
twice as much as it ought, may be
readily admitted; but IL was neither
the purchasers or the holders of these
bonds who did the swindling, or in-
creased the cost of the war. The
swindling was done by parties who al
ways gain by war, and who received
from the Treasury the good monay
they honestly and patrio,ically paid
in by the people who took the bonds
for their cash, in order to save the ma
ton from total destruction while the
increased cost OF the war, il mistake
not, resulted from the action Of North
ern Democrats, who went around howl
ing, "you can'twhip 'em," thus encour
aging the rebels to prolong bloody
and hopeless contest. And such is the
case in all civil wars. They cost more
than wars of conquest Tt is impossi-
bic now to reach the swindling con.
tractors aud punish them for their
crimes; bat it is some satisfaction that
the law requires secession sympathiz
ing Democrats to pay their share of a
debt they helped to pile up
Paying the Bonds.
/ know il will be said these bonds
we're purchased with greenbacks worth
only fiily cents on the dollar. That
may be true, and yet IL does not affect
either the legal or equitable obligation
of the nation 70 pay The bond as il
stands. The currency was deprecated
by the enemies of the country, not b.
| its friends. Depreciation was a muni
ton OF the enemy as much as powder
aud shot, and what was worse, it wa
used by the enemies in our midst. TIL,
| purchasers of bonds had every incen
| tive to appreciate the currency and hol,
| 1t up to q gold standard, just as green
backs went down, the Government
went dewn and everything else calcu
lated to-secure the investment in bonds
The bonds were offered to the public
TO evaryboby-not to the few. It wa.
i fair open contract of sale The Gov
ernment was beleaguered by enemies
/ on land and sea, at home and abroad
and in our own councils; and ther,
was great danger in advancing an,
money on the bonds. Those who dit
buy the bonds run the risk. and showed
their confidence and patriotism, ant
aided the Government to put down It
enemies. Fay, Grover d Co. certainl,
did not aid in that way. They wer,
| of che party who declared, "you can
whip EN-" or like the old bed rookie
of Polk, aided the rebels by declarin,
"a cord of greenbacks not worth
whoop in hell )" and it is not thei
province now to dispute the bonds sol,
TO the nations friends in open market
unless they will first go over SQUARED
and range themselves under the banne
Of Jefferson Davis. It was by reason
of this very money, advanced by tn
bondholders, that the rebellion wa
crushed, peace restored, and the cur
rency and bonds brought nearly mp t
the gold standard. The. bondholder
/ thus honestly made money by thei
| risk, but because they made money yo
cant turn round on them and rob them
i An Argument for Oregonians.
4 Many years ago this same Govern
ment passed law contracting to Civ
every family six hundred and fort
acres of land in Oregon II they woul
! go there and settle on it. Many thou
sands of hardy pioneers from the West
ern States came to Oregon and close
the contract with the Governmen
They took some risk of Indians, etc
but now they all have fortunes in the
lands and beautiful homes. Wha
|, think you, Oregon farmers, of a polit
, cal party which would now say, ths
because we, who came to Oregon at
later day, can only get one. fourth .
much land as you did, and that in tf
! mountains and brush, therefore We Fl
J vor On equitable adjustment of th
land estates in Oregon, SO that You ol
Donation claimants must surrender
{ the rest Of Us, or the public, three
II fourths Of your land (? There 10 fair