The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1876-09-14
POLITICS,


thence the Barnum company were
working ont the vein.
POLITICS,
As YOU are aware this is the region
where some of the discreditable stor-
les used by the Republicans against
Mr.. TILDEN are located, and l desire
to tell the version to your readers as
l have it from Republicans here, and
1 have the first Republican to find
here yet who has intimated that there
is the slightest foundation for the
stories. Previous to Mr.. TildeE's
nomination the Enquirer published
a charge against him, which has be-
come known as his ''iron currency"
transaction, charging that the New
York Mining Company, of which he
was a large stakeholder, had issued
a currency of its own, and subse.
quently counterfeited it and then
discounted the genuine when pre-
scented for redemption. Here is the
truth, at least the story told here
GAIL the mining companies issued 6
kind of due bill, payable on present.
alton at their treasures, the New
York Company among the others
These due bills circulated about here
as money, and we're received by al
merchants and dealers. 1fthey were
presented at the counters of any {:
the banks they were discounted, but
if presented at the Treasury of the
Company they were received at pal
value" A few of the Companies,
believe, were unable to redeem all
but the New York redeemed every
dollar. This is a simple and plair
statement, and refutes all the charg
es of fraud by the New York Com
pany. Another and later charge il
that started by the Chicago Tribune
This is the form, l believe: "Mr
Tilden was a stakeholder in the Mich
igan Iron Company, which became
bankrupt, owing a labor debt o
$4,000. 1t was proposed by the
stockholders here to get the eastern
stockholders to club in and pay of
the labor claims. Certain gentlemen
went to Boston and obtained the Goa
sent of stockholders there, then tt
New York, where Mr.. Tilden refus
ed" When you hear the truth o
this story you will like Truthful
James, remark, "can such things be
and is civilization a failure?"
The Michigan Iron Company ha'
been doing business near here for
number of years. The Chicago &
Northwestern Railroad owned valu
able mining lands which the Irol
Company proposed to buy and pa.
for in stock of the Company. Th'
proposition was accepted by tn
Railroad Company, and the stock 81
received distributed among tn
stockholders of the Railroad Com
pany. MI. Tilden was a stockhold
er in the Railroad Company, and 81
became the posscssor of Ito share
of the Iron Co. stock. 1t is ques
tionable whether he ever knew h,
was the owner ofsuch stock, certain
ly he never voted it or was a Direc
tor of the Company. The whole a
mount of stock was 10000 shares
and yet the noble scheme of payin:
the laborers in full fell through be
cause Tilden wouldn't pay his quot
on ITO shares!!! VIZ now have al
idea of Mr.. Tilden's connection wit
the Company, the following is as i
was told me by one of the gentlemen
who is referred to by the Tribune a
going east to settle the labor claim
"The Michigan Iron Company faile'
owing a labor debt of $4,000. Ac
cording to the laws of the State, tn
individual stockholders were liabl
over and above their stock for tn
labor claim; consequently it was t
the interest of the stockholders her
to pay it off on the easiest terms
They accordingly determined to &c
the eastern stockholders to club tc