The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-11
BONps: THE RUHN-TmE REMEDY.

To the Editor Of the Democrat
The spectacle Of bankrupt, ruined peo-
pie has grown so familiar that the public
have abandoned themselves to 1t in lethar-
strong man as we'll as the weak. Not so
with the people of the great West. There
q manly effort is being made to restore pros
perity by reversing the dishonest and satan-
ic legislation Of the last fifteen years; there
the masses are aroused to redressing the
evils of the untaxed bond system. The peo-
pie OF the West, fortunately for them and
maybe for us, have Observation-Disclosures who
have the capacity and courage to point out
the path to deliverance.
The Western people in attacking the nom
taxpaying bonds have the advantage Of not
being subjected to the charge of disloyalty, q
charge which we Of the South might be met
with from q large and powerful class In the
movement, and invites us to aid them in
promptly adopting the means of removing
the pail that overshadows the country.
Why don't we unite with them? Have we
able to make an effort for our salvation?
Have we no statesman or statesmen who will
instruct the people, point, out to them the
oPeaqn With the e people a Me Of the We hat th
law exempting. from taxation nearly
50, 1000 in the shape of bonds Is unjust,
unconstitutional, and d discrimination in
favor OF a class ard adverse TO the interest OF
the masses, who pay taxes on all kinds OF
property. Congress, under the passions en-
gendered by the war, regardless Of all law
and Evolutionary ugages of the human race,
egisIated against that kind of property
which always, and amongst all peoples, has
been respected, sought for, treasured above
all other kinds of property-real estate. In
the creation of the national banks, they are
prohibited from lending money on real estate,
thus striking O. fatal blow at the very basis of
all wealth and prosperity; for the very taxes
upon which the government relied for meeting
the interest on it's bonds came primarily from
the soil, which this national banking act de-
clared, by solemn act of Congress, to be as far
as legislation could make ft-Worthless.
Thus the property, Of all others from the re-
hottest ages, styled real-the earth, which
yields it's varied products for the nourshment
of the human race, and which affords man his
last resting place, was made by act of Com
gress- worthless; the farmer, the planter,
the real estate owner In town or city, applying
for loan on his property, is met with the an
swer, Congress says your property real
though it be, is-worthless." There are and
have been causes operating to depress lands,
outside of hostile and barbarous legislation,
but this act OF the national legislature would,
Of itself, have produced the result we behold:
ply serving only to pay the robDer rate OF
taxation Matched into existence by this same
and kindred legislation. What wonder Is it,
then, that men having lands are objects of
pfty--are poverty -stricken and destitute9
The circulation OF currency In the United
States Isl per capita about so each, while In
France, prosperous france, the rate 10 s48 per
eapitsa.
The remedy insisted % BY tie statesmen