Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-10-07
ONE ANSWER.

oNE Avs " | n
Here Is the great question very appro-
prately put. We should like to hear It I
answered: "Whht mysterious property, i
asks the Toledo Blade, lis there in a /,
United States bond which Immediately !.
transforms its purchaser into O fend,
villain, an oppressor OF poor men, lat,
tener upon the the tears OF widows and |
orphans ?'-T yirg. Enterprise, LIST.
It's probable the Enterprise or the
Toledo Blade looks upon this question
as an argument against initiation and an
answer to those misguided souls who
dream OF bliss by repudiating the ma
ton s bail that 1t gave when its liberty
was at stake. II SO We are OF one mind
with il on that point, but there may be
another, and not wholly untenable. view
taken of the question. When the murky
cloud OF battle that rose from Sou'h
Carolina, Tennessee and Missouri began
to spread its sulphurous canopy over the
entire country. there arose an army OF
contractors. rivaling in numbers the
army of the North that poured forth in
defense of the nations asssiled exist
ence. It's unnecessary to rewrite their
infamous history; their ill-gotten gains
as fast Us made were invested in United
States bonds and bloated bond.
holder" and dishonest army contractor
were for time synonymous. The ex-
orbitant tax imposed on the people dur
ing the war, coupled with the fact that
the bonds were untaxed, led many to de-
cry and denounce them, and the same
spirit that twelve years ago would, like
Banks OF Massachusetts, have " let the
Union Slide" would, il it could, to-mor-
row repudiate the bonds and dishonor
the Government that gave them protec-
ton as a people and political existence
as a nation. The contractors, above all,
cast odium ON the United States bonds,
an odiuin which has never been removed.
The FIRST purchasers Of those bonds were
truly tends, villains, oppressors OF poor
men and fatteners upon the tears OF
widows and orphans, and though used
az party cry by political demagogues,
vet it can not be denied that every coupon
attached to those bonds represents brave
heart sacrificed to insatible cupidity and
every dollar OF interest is but symbol
OF widows cry or an orphans moan.
OF course il may be said that this ia
lodging the question. but--gently-an
idea once formed and clinched, as il
were, in the memory by the Irresistible
logic of demonstrated facts is hard t.
eradicate, and with the knowledge pos
sessed by all and without the opportunit.
for information possessed by many it il
not SO strange that the people of the West
ora portion of them, should still regard thu
bondholder with distrust and n mild de
gree Of hate. The bondholder paid non,
of the taxes, he bought the nation
bonds as a matter Of business, a goo
speculation, and the people, the toiler
and workers, wrought and hammered
plowsd and sewed, reaped and garnered
toiled and endured that he might hay
his interest. But it may be said in d,
Tense; he gave his money, they gave the
time and toll, both together compose
the desired end. The memory OF Il
motive which prompted the action ei
dures even after the normal results
such proceeding is felt and understood
and it is for this reason beyond all other
that to-day. such prejudice exists
the minds Of some Of our citizens again
bonds and bondholders, and il is for tn
reason also that such comparative
great proportion OF the bonds
the United States are held in Ge
many and England. two couniri
that never allow patriotism to outweil
questions Of pecuniary consideration
profit. The Enterprise and the Tolet
Blade are probably both well aware
the fact that when the greenback was fir
issued it was convertible into boz
bearing six per cent. interest at the o
ton OF the holder. A congress almo
entirely composed of Republicans repea
ed that measure and Of course by SUI
action deprecated the greenback. ]
the last act Of 1869 the greenbacks we
in measure thrown on the country al
tho United States bonds made payabl
principal and interest in gold. This
another cause for the hatred of mar
against the bonds and the untaxat
bondholders who draw IA gold intere
and can sell the interest drawing prin
pal for gold while the greenback is vr,
ally irredeemable. One story is good
another Is told and disclaiming all sy
pathy with denouncers of bonds 0
their holders, we think that there is "
good grounds for u strong expression
hostile opinion on the part of those "
pay the piper while Others do the dancil
Capt. Eads is busily at work at his p
ject of deepening the channel of
Mississippi near it's mouth by syst'
of jetties. He has already driven IA. @
feet Of piles and is grati6ed at his succe
formidable bar with usual depth
r