, 1872-10-31

o4oIo ~ ene United states treasury, contributed
vast sums Of money to defray the recent October
elecuons, especially in Pennsylvania. Men do
not repeat Votcs fa1sify returns and stuff ballot
boxes, as was done in Pennsylvania, without q
motye; and that motive WAS doubtless money.
lhe money power wants the present financial
system OF an inedeemnble currency and a
hundred million Of dollars in the Treasury to
continue, because, while it continues, it fur
nlghes increased facilities for robbing labor and
industry OF their Just reward and adding
to the already overgrown wealth OF the rich.
Hence the gold gamblers, the stock brokers, and
tie favored capitalists who speculate upon the
peoples money in the Treasury, are opposed to
q return 70 specie payments, because that would
tence for boarding up hundred millions Of the
Peoples money, to be used by political favorites;
put they have taken care to make the bonds OF
the Government in the hands of the capitalists
70 Morfh their face in gold, while the greenback in
the bands Of the people, declared to be payable
On demand, is only worth 81 cents on the
| dollar. The law declares that the bond shall be
paid in gold, but makes no provision to pay the
efeenpack IN gold. Why this distinction7
| WHAT THE TREASURY DEPARTMENT DID.
just before the October elections the secre-
tary of tho Treasury purchased fvo million Of
| bonds, for which he paid about four million
seven hundred Thousand dollars Of the peoples
money. Henry Clews L. Co., of New York city,
the financial agents Of the Treasury Department
| issued circular on the 21st of October showing
how the Secretary of the Treasury interfercd,
| as they say, to relieve the money market. The
circular \ states t. that the Secretary of the Treas
nry =" on the 7th inst. issued proposals for the
immediate purchase OF s5,o00,0 900 of fve-twen-
ties, additional to the ordinary weekly amount,
and for the sale on the same day Of ST, 600 900 OF
coin, it being understood that the proceeds Of
Treasury Depositories here, thereby rem
dering the funds available for market
use. The effort Of these operations Was to
| transfer from the Treasury to the banks i've
gGe IS feasonabs vf to Of S
the absence Of any special use for the money
by the Government, it will remain undisturbed
for so long as that may be necessary to
healthy condition of the loan market"
By this operation Of the Secretary of the
Treasury the day before the October elections,
millions of the peoples money YVES placed IN
the hands Of favorite bankers,--of course they
were all Grant men,-to remain with them for
an indefinite period, and to be loaned out by
of the profits as they did not or do not contrib
ute to carry the elections. How much
Clews 4 Co. or other friends Of Grant
aoas so2 II 1 Of aRs effected IL g9a 4 saa aad
den action Of the Secretary. from private in
formation given in advance that so large an
amount in gold was to bo put on the market,
know not. Is it any wonder that Clews Co.,
and other Grant bankers, who are furnished mill
ions Of the peoples money, to be by them
loaned to the people, the bankers to have the
interest, should endeavor to make the country
believe financial cr7sls Will occur II Greeley is
elected President? Doubtless it would be
lating on the peoples money. But what think
you OF q financial system which permits the
Secretary Of the Treasury, at viii, By the use Of
your money, to raise or dop1ess the price Of
produce q the country, and to make
families rich by. privately giving them
notice IN advance Of what he VIII do3 How can
an honest banker even expect to compete with
bankers who @ nre furnished 9e millions BY The Coy
you, people, content to pay taxes to raise hun
dred million Of dollars to be kept BY the sec1e-
tary o. the treasury, That ne may place it with
tas G beno ts ten % Or een pei esnS IF
you are, vote to re-elect General Grant, and let
the present system continue.
THE coLoRED VOTE.
Another power consolidated against Mr. Gree
is the colored vote. Thia is an unnatural posi-
ton for the colored man to be in, for Mr. Gree
ley and many of his most violent supporters
have been and are the colored mans bestfliends.
are massed in favor of Grant.
Tbs advocates OF his reelection
boast that he will get the entire negro vote, and
the co1ored people are appealed to as q race to
give him their support. l pity the simplicity
and Ignorance Of the negroes, which lead them |
to heed such appeals. TO rally as race against |
the whites, with . view to take control of the |
Government, is the most unfortunate thing to
them which could happen, but we must take
facts as they are. Money and official influence |
has doubtless had much to do with this consoli-
dation Of the negroes. Fred. Douglass, in an |
appeal to colored voters, says "We, as race"
to man, should cast our whole weight
into 1.-THE scale for Grant and Viii
son." "We hold the balance OF power
ii America" Here We have it boldly pro-
claimed by, Leader among the colored
people, that they hold the balance Of power and
course no one can object that co1ored man
votes for Grant. That is his privilege, but let
him not be compelled to so vote because he is
colored- This is bis present position mo col
ored man in locality where there are any con-
siderable number is permitted to vote otherwise
than for Grant. He dare not do it, and is
threatened with outrage and violence il he pro-
poses it,. Freed from bondage to his white
master, he is now subjected. SO far as suffrage
is concerned, to the domination Of majority OF
his own race. Several Of the Southern States
have been governed during Grants Administra-
tim hv the combined negro element aided hv |