The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1877-08-16
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and destruction produced by Radical pol.
low The recent strikes were huf the
reckless and misguided efforts OF deeper'
ate men who felt the effects Of intolera'
BILE wrongs and struck at the on'y opJec~
within their reach.
.t LEGAL TENDER NOTES.
Not content with the enormous prohs
secured by vicious legislation relative 10
gold and silver, the bondholders nave
been waging a constant ana successinl
war upon the legal tender notes OF the
Government. They first secure their
repudiation at the Custom-house, 80 that
their gold interest must be bought by
merchants and other importers at any
premium they could coerce in order TO
pay the debts due TO the United States
on imports, and they have steadily re"
sisted all efforts made by myself and 9th,
ers in lCongress to make them q legal
tender at the Custom-House, the man
argument being that the faith of the ma
ton was pledged to hold the gold receiv,
ed from Customs to secure the payment
of the bondholders' interest in gold
deny again that there is any such
plighted faith. / deny that Congress can
by any pledge tie the hands OF future
Congresses, or cripple them in their ef-
forts to redeem the country from the
effects of vicious legislation. The claim
is never asserted except by those VINO
want what they are not entitled to- All
the people except bondholders havebeen
paid in greenbacks for fifteen years for
services rendered, and supplies furnished
to the Government and none OF them
complain. Before the Legal-tender Act
was passed more than million soldiers
had been enlisted with the army of the
United States at thirteen dollars month
for three years or during the war. They
were paid afterward in paper money when
il was at a discount Of fifty cents OH the
dollar as compared with the money IN
which the promise of payment was made.
So as to all others who furnished supplies,
or render service, civil or military. They
might with show of reason have com
planned, especially of the Government
makinga character Of money which they
had to take, and which the Government
repudiated when rendered to it and its
Custom house. The people have not
complained, and they ought to disregard
all the complaints and claim of plighted
faith set up by the bondholders and their
attorneys. They say th9 paper is not
equal to gold, and that justice requires
that it ought to be. What effort have
the Republicans ever made to make it
good? Have they not labored all the
time to Reep it from being goodP Until
they do make IN honest effort to advance
its value they have no right to complain
of its depreciation. Let it be received at
the Custom houses, take the National
Bank burden off its back, restore the sill
yer dollar, adjust the tariff taxation on q
revenue basis and stop stealing, and my
word for it, greenbacks will be as good
as gold in month without coercion or
legislative interposition. ..r..
NATIONAL BANKS.
The burdens imposed on our paper
money by the National banking system
was another of the Cunningly devised
schemes of the moneycd monopolies to
rule the tax payers by transferring the
credit of the Government to set of fa'
vored corporations. Human ingenuity
even Yankee ingenuity-seems to have
exhausted itself in devising ways and
means to rule the people and enrich the
rings; and they succeeded in doing it in
such a plausible way, that the victims
applauded the robbers while the opera
ton was going forwad. An amount of
paper money, in the form of National
Bank notes, nearly equal to the amount
of legal tender notes, was authorized by
Congress to be issued, redeemable in
greenbacks, and was given to organized
companies of bondholders, tax of per
cent only being imposed for the use Of
the circulation furnished, and these debts
which they owed at this cheap rate, they
loaned to the people to whom they be,
longed, and whose credit gave them all
the value they had at sight, at ten or any
other per cent they could squeeze out Of
them. No citizen other than a bond
holder could get dollar of them on any
terms, though he might pile up securities
mountain high to protect the Govern
ment. The load thus piled on to the
greenback had of course, the same effect
in depreciating the legal tender notes a.
| if every National Bank note issued bad
been an additional greenbaek, yet these
bondholders who got the exclusive ben
eft Of the issue which caused the depre-
citation, are the men who are raising the
cry against initiation, against the green.
back currency, dishonest papers, Rag
Baby" and every other epithet which
may deceive the people. If, instead OF
giving the bondholding bankers the use
of the credit Of the country, the issue bad
been made as all issues of money ought
always to be made by the Government
in the exercise of its sovereign preroga
tive, over twenty millions a year would
have been saved to the taxpayers of The
country, to which the bondholders have
pocketed under radical rule. 1t is sim
ply amazing how this people have bowed
| their neCks. and submitted to the yoke
imposed upon them by the monied aris,
toCracy of this and other countries. AS
said, l can only glance at the outline ol
the wrongs under which we have labor
ed and struggled. No other nation CouC
have endured them, few others would
| Inc D6mOCfaLlC pdTJy 10 bOlomnly pleuS
ed to change the system, and we are nov
appealing to the people here, in Ohio anC
elsewhere, to sustain us in our efforts.
WHAT ABOUT A REMEDY.
1t has been often said, and truly said
that in it's last analysis all ealth come
from the sweat of the poor mans brow
and i. must meyer be forgotten, the Gov
ernment is simply a trustee--a paupel
As such its only power to obtain none,
is by taking it from the people by taxa
ton, direct or indirect; that in Govern
ment like this-of the people, by tn
people, for the people-it is gross iDjus
tice in the managers of public affairs, t
take the earnings of the people and civ
them to any set of men; that each mar
I suiect to the contribution of his fair shar
according to his means, to the support {
the Government which protects his if
liberty and property, has right to kee
and use as he chooses all he can make