The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1878-01-24
REPUBLICAN MISRULE.
Tho Public Debt SWlhdle-The People 10 Pay
Over a Thousand Millions the Government
Never GOt-"Let Facts BE Submitted to
a Candid People,"

Never GOt-"Let Facts BE Submitted to
Candid People,
History affords no instance of sucl
barefaced swindling Of submissive peo
pie, as has been Witnessed in this count
ry since the Republican party came int
power in 1861.
Scheme after scheme has been put il
force to rob and plunder the people, ant
most successfully has it been done, anC
hence the sad condition Of the country
From being the most economical unde
Democratic rule, the government of tn,
United States became the most expen
sive and corrupt known under Republi
can rule, The last House of Congress
Democratic, compelled a reduction il
expenditure of OVER THIRTY MILLION.
| A YEAR.
When the government was borrowing
and piling up the Debt, the bonds were
sold at sacrifice, and since the war tht
party in power has passed measure aftel
measure to favor still more the moniec
power. For instance, the Public Credl
Act" falsely so called) of 1869, and the
funding law of 1870, specifying payment
"in coin" on the face Of every bond is.
sued, with silver demonetization, al
show the steady policy and purpose O
the John Sherman leaders Of the Repub
lican party. But we mainly desire ir
this article to show the chicanery an6
robbery practiced in piling up our Pub
lie Debt, and to demonstrate the artfu'
mode of saddling monster burdens upon
the People, These eloquent figures have
been given in speeches made in Con-
gress by Democratic members years ago
when such facts passed as the idle wind
for the serious and depressing times had
not yet come. But now people will lis
ten, and it is no idle tale.
1t will be borne in mind that the gov
ernment $40 bonds were sold for green
backs at par, no matter how much they
were deprecated. In 1862, then, for
$50, o82,45o of bonds the government &C
tually got in gold but $44,o3o,649-a
clear speculation in favor of the bond
holder of SI6,95I,8oI, as the bonds are
to be paid in gold, according to John
Sherman and company. The people Of
the United States have been paying gold
interest on this near seventeen millions
the government never got, and in the
end will pay the principal
During 1868 the Government sold of
bonds SI6o,90753o. getting that amount
ofgreenbacks, worth in gold $Io1 800. .S54
a clear gain to the gold bondholder of
$59,o96696. The interest already paid
in gold during the past thirteen years on
this amount that never was got amounts
to S46,o9I4I3!
During the year 1864 the government
sold these bonds to the amount of $751;
292,25o, getting their own deprecated
greenbacks therefor, and in gold valued
al $I89,697,636, the gold capitalists real
izing clear gain of sIoI, ,594,614 And
on this twelve years interest has been
paid amounting to $I37,94S,T23,
The Government sold bonds in 1866
amounting to S279746,I5o, on which
was gold loss of S7L532,o6o, and with
this year the interest on this will reach
$47.21LI59.
In 1866 were sold ofgovernment bonds
$I249I5,4oo, and receiving for them de.
preciated greenbacks, causing a gold
loss of S80, 59G773; that is, the govern
ment got in gold only S36,332,627! But
the PEOPLE are to pay, under Republi,
can management in gold, the SI24,9I4t
100, and on this amount have been and |
are paying gold interest annually. Could |
anything be more iniquitous
In 1867 bonds were sold to the inns
nense sum Of $42I, ,469,55o, the govern
nent realizing in gold only S3o3,2I5,5o3,
howing loss to the people and a gain
0 the bond buyers of $IIS,254,o47 Ten
ears interest on this gives the nice sum
# $50, 952, ,42S-interest, remember, on
What the government did not get. Is it
my wonder that the country is in bank
upt condition
Again, in 1868 bonds were sold to an
mount of $425,443, ,8oo-the buyers pay
1g in gold only S3I2,026,323. making
ne nice profit of $II2.6I7,477. Now,
cunt nine years gold interest on this
um, and we have s6o,0I3,437, of which
his people have been plundered, and
lie principal not got, yet unpaid The
ascals that manipulated and ruled, and
lie Shylocks that shaved, did effectual
'ork.
Besides the 6 per cent bonds above
lentioned, the government issued and
Did 5 per cent bonds from time to time,
mounting to SG93I39,55o, from which
ur "loyal" rulers or robbers got$I2,957.
10, showing a swindle of the People of
II, 1872, I4o, on which sum interest has
cen and is being regularly paid in gold
hich already amounts to S36,942o45,
nd which, added to the original steal,
lakes Io6,I2sI8I! Did not noisy
'yalty pay?
But let US tabulate these profits and
:eals;
BOndholders'
ear. Profits
33.ZOL3l3
lO6. .lS6 10y
029. .O92I3b
0O zig
~ n