The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1876-07-20
AMOUNT ISSUED.


Phoenix o,2l64S4Oo
Total $40 99S32
The whole amount Of the currency is
sued was over $l00000, 900 and it had an
inclusive run from 1868 until 1873, when
some persous were indicted for counter
feiting it and the court discharged the
prisoners on the ground that the curren-
Cy itself was fraudulent and illegal and
it was no time to counterfeit it. AT the
same time, the revenue officers began to
demand the internal revenue tax and
begin to take evidence as to the amount
in circulation. The tax was ten per cent,
and for twelve years amounted to at least
$l0,000,000. But by some secret manip-
ulation bill was smuggled through Con-
gress on the night of March 3d. 1875, re-
mitting this tax, except for the last year
Here was the apostle of hard money
talking and writing to the people upon
the destructive decentralization of paper
money, while for twelve years he was
running two mills for the manufacture of
rag money, and palming it off on the
miners as better than gold. Up in Mich
igan he took the broad ground that the
paper issued by himself was as good, if
not better, than the greenbaCks. Sam
also had several stores in the neighbor-
hood of his mines, where groceries and
dry goods and IA variety of other articles
were for sale, and Sa4! made his notes
legal tender in exchange for these goods.
His notes being legal tender only at his
own stores, the unfortunate holders had
to make all their purchases from Tilden,
who thus pocketed a handsome extra
profit on the sale of his wares, And this
is the reformer
The substance of the above was copied
into the Wheeling MtelHgencer and com
ments were added. The article coming
to the notice of
Mr.. WILLIAM L. HEARN,
one of the officers of the Riverside iron
works, of that city, he at once wrote a
letter of inquiry to Cleveland, Brown &
Co., of this city, who, he knew, had tor
years been agents of the New York iron
mine, of which Governor Tilden is prin-
cipal owner. Mr.. Hearn wrote as fol-
lows:
F" RIVERSIDE IRON Works,
WHEELING, w. Va, July 6, 1876. !
Messrs. Cleveland, BroaOn q Co., Cleveland
Ohio:
GENTS Il desire to call your attention
to the enclosed slip which appeared in
the editorial column of the LnteHigencer
this morning. l do not know what posi-
tion you occupy politically, but feel sure
that in the interest of truth and fair deal
ing you will not refuse aid in giving cir
culation to what are the facts in relation
to this slanderous article. One friend,
A, w. Campbell, Esq, Whom you know
by writing thus editorially,
has made himself, l conceive, RESPONSE
BILE for such statements as that the COM
bined ore companies of the Lake Supe-
rior region issued one hundred millions
paper designed for and used for currency
and that the New York" mine, of which
Governor Tilden is principal owner"
issued two millions one hundred and
thirteen thousand six hundred and sixty
dollars and sixty-six cents &c, &c.
While | am sure of the immense exager-
atoms contained in such statements as
hose, | am not in possession of data
Upon which to write refutation of the
SANDERS. .."
MEssRs. CLEVELAND, BROWN co.
replied as below. The members of the 7,
firm are and long have been well S-nown
and highly respected business men and
citizens. Politically they are RepubH-
cans, as will be seen by perusing the let
Ter, 80 that party interest cannot be at.
tributed to them in their candid, straight
forward and absolutely convincing reply,
which completely explodes the scandal
lous attack on Governor Tilden above re-
ferred to. Their letter reads as follows:
Nos. 25 TO 81 MERwTN STREET, | |
CLEVELAND, o., July Z, 1876 ! |
To William L. Hearn, Esq, Wheeling, w. |
Virginia!
DEAR SIR Your esteemed favor Of the
9th inst. just received, calling attention
to the statement going the rounds of the
press in reference to the alleged issuing
of millions of dollars of unlawful paper
money by the different Lake Superior
iron mines in which the Hon. Samuel,J.
Tilden is understood to be interested, as
set forth in the article or statement re-
ferred to.
The figures given and the assumptions
made are
SO AT VARIANCE WITH THE FACTS,
easily susceptible otFroof, that we should
have supposed the article carried its own