The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-07-14
Davis asserted that the government could

Davis asserted that the government couio
as easily furnish the gold to pay of the
greenbacks as it could the bonds. a
wonderful assertion IN the eyes, OF "Ju'
Mus, jr." There can be no repudiation
in this, rs 1t would work to the advantage
of the bondholder as well as to the gov
ernment and people. Indeed each bond:
holder would become Q small national
bank, and could loan his greenbacks to
neighbor on real estate security at
highe. rate of interest than the govern
ment Is paying him, and whenever the
government recuperated sufficiently to be
able to fulfill its promises he could
take his principal and interest in
greenbacks, and receive in exchange
therefor bright yellow gold, according to
the spirit If not the strict letter OF the
contract.
Or let the bondholder still hold his
bonds and draw his beloved interest, and
let the government issue the greenbacks
directly to the borrower and reap the in
terest that is annually going into the cef-
fers OF the national banks, and thus indi-
rectly it will be enabled to save the In.
terest on the bonds, and at the same time
relieve the necessities and receive the
blessings of an impoverished people.
Money saved to the government is money
saved to the people. Under the existing
system our people pay double interest
first, to the bondholdsr, and, second, a
highly compounded usurious interest to
the national banks.
For instance, a number of bondhoiders
wish to establish bank. They deposit
their bonds, bearing, say 6 per cent. in
terest, as security. The government then
issues them, say dollar for dollar, although n
it is more, in bank currency. This they
loan out to the people at rate OF inter-
est oftentimes not less than 10 per cent.
per annum. In this manner they receive
l6 per cent. interest annually, compound
ed directly and indirectly off of the peo.
pie. Do not the people feel this burden?
It is q sad state of affairs which is re.
ducing the poor to the bottomless depths
Of poverty, and elevating the rich to the
golden heights of opulence.
"Ill fares the land, to Fastening illsa prey,
w uCiC iiOi thSh JoJ AhSA Ss~~ Ns-~
decay"
And the republican financiers are and
should be held responsible for this pitt
able condition of our land.
They have brought it about. II is the
result of incompetency. They are the
enemies of the people and should be for
ever banished from the high places which
they now fill. Let every gaunt, hungry
voter, with continued idleness and star
vation staring HIM in the face, as nc goes
to the polls this fall, think of the undeni'
able fact and then cast his vote in favor
of such party and the utter ruination OF
his family, if he dare. -,
The issues of the campaign, as laid
down by Mr.. Davis, would be as follows,
and not as presented by the demagogical
"Junius, jr.:"
/. That the government was made for
the people, and not the people for the
government.
2. That there was at one time, and
ought to be now, a Constitution, under
which the states had rights, which has
been, and continues TO be, wholly disre.
garded by the Republican party. -
3. A faithful payment Of the national
debt in gold, as soon as practicable, with
out holding out to the deluslon ofthe peo'
pie foolish, false and empty promises that
never can be fulfilled.
4. An issue of eenbacks sufficient to
satisfy the demands of trade, instead OF
the present nefarious banking system,
that is demorslizing the business interests
of the country, robbing the poor and en-,
riching the wealthy,
These are the propositions that the peo'
pie of West Virginia will endorse this
fall, in spite of the wonderful aptitude
for mis-statements exhibited by modern
satire upon the name of u great author.
l.. NJ.