Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1875-09-30


pay s23, 600 900 annually which We
would not have to pay bat for the
National Banks. False apain, Mr..
Elicit. ~ you must admit II you are
honest, that the banks pay Ioal
taxes for roads, schools, State and
county expenses, etc, on The fui'
amount of their stock, lsee sc. SIS,
/ Iowa Code, 1879, and AFRO pay rev.
enue 10 the Government. Deny ii
you dare.
i Farmers cannot 20 to the National
/ Banks in Knoxville and borrow
money, but spectators can. An
other wiIfnlIy faI-e statement. An
examination NJ package OF - nntfT
lin the Marion County Wrighfst
Bank. taken promiscuously- shows:
~ were given by farmers, for money
] borrowed. In amounts ranging fronl
90 Ia a.. 100: six were given by stock
dealers In amounts from ST to 1852;
seven were given by other business
men IN amounts from slo0 TO s.. ooso:
one was given by = preacher Tor I'D.
The n farmers borrowed ss .3is. stock
u,eu a23It. other business men 81, 100.
Farmers borrowed more than all
other classes together. Now Why
does Mr.. Elliott thus basely misrep-
resent facts?
Bank notes lost by accident are q
gain 10 the banker. liza man holds
slO. 900 In the bills Of the Marion
County National Bank. and the bills
are accidentally burned, IL would be
LarkIn Wrigbt's gain IL the bills
were greenhaeks the gain would be
to the government.
The public debt in 1866 was s2,773,-
23G,i 60. July l-t, 1875, IL was 81
2s2. 2ss, 53I .05. Reduction sjio,9Jl.-
GiI7I Although there has been
paid ON this debt FIVE and half bill
lions, it has only been reduced one
sixth. Untrue. The revenues col
lected, above the current expenses ri
the government, have been honestly
applied to the reduction Of the debt |;
and the official statistics Of the Treas
urer's Bureau show that the loss has
been less than one dollar In mil.
lion.
Bankers and bondIiolder., who
never pay dollar tax. control the
financial Interests; and they do not
want the debt paid, because they hold
a mortgage on every farm. The arts.
tocrats and the bondholders live In
pomp and splendor and pay not q
dollar, while the plowholder pays
the taxes. The former send their
children to the public schools and
enjoy all the benefits Of the govern
ment, at the expense Of the poor.
Every man should be compelled tn
pay his due Observation-Disclosures or
piowholder. Here Mr.. Elliott
boldly favors repudlating the con.
tract upon the face Of the bonds. DO
we want repudiofionr This IL what
the rebels demand.
The speaker claimed that bonds ~
ona class were made payable In
greenbacks, funtrue and afterward,
In 1869 Congress passed law making
them payable In gold, thus making
a bond which was worth but 81 600
under the contract, worth 5000.
This was the first bill signed by Pres.
ident Grant. and II cost the people
millions. They claim IL was war
measure. False, We Claim that the
issuing OF the bonds WAS nm unavold-
able result Of the war. They were
payable In gold before the passage OF
the law referred to, and the law was
passed because the Democracy want.
ed tn repudiate the contract. ask
the soldier if this law, which took
money out OF your pocket and gave
II 10 the bondholder was war meas.
ureo
Here the speaker exclaimed:
"Down with The law that bl nds us thus
Unworthy frecmsn, lei II md
No refuge from the whitening curse
OF God aud human Lind -
Here the speaker recited what he
thought WIS Il brilliant passage In
reference to the valor of the soldiers
who marched bravely 10 the cam
nOn's mouth, who periled their lives
/ 10 save the nation. The soldiers he
said were the most important ele-
ments In saving the nation. Soldiers,
what favors do you now receive for
waving perilcd your lives? Last
winter President Grant vetoed the
bill to increase the bounties, but
signed the bill 10 increase his own
pny. \ large majority Of the Dem
ocrats In Congress voted for the very
bill which the President signed.
LICENSE.
Ia la. Ia. -