Weekly Chillicothe crisis., 1881-01-20


done, the committee propose in this
bill to take away from the people the
right to pay most of them for a genera
tions to come. The title of this bill
should be a bill to prevent the pay
ment of the public debt. Then its OBJ
ject would be patent to all. The secre-
tary of the treasury has Just re-
reported that he has paid in the last
fiscal year, S2,795,320 premium on
bonds payable before maturity. This
bonus of nearly 100000 was taken
from the people because of the folly of
of previous congresses in issuing
bonds that could not be paid at
any time. If we now desire to pay
the s740,O00,000 of four per cents re-
Gently sold, we would he compelled to
pay premium of $SS000000 at least.
This is u direct loss to the people in
addition to the interest, and yet, in the
face of this, the committee on ways
and means propose to repeat the blum
derS and crimes of the past by the is
sue of $500,000,000 of bonds that can
not be paid for twenty years. Was
there ever such criminal folly?
In this mad scheme the democratic
party of the east and the republican
party join hands in harmony, vying
with each other in their efforts to serve
capital and sell labor. The solid south
is forgotten. We dOnot hear of troops
at the polls, nor of rebel brigadiers
These campaign cries are hlshed, while
upon the supreme questions, who shall
own the labor of the land, the lion and
the lamb lie down together in sweet
accord, and the national banker leads
them. President Hayes and John
Sherman ask for Il refunding bill, and
Mr. Wood champions the republican
scheme. rejoice to say, many of the
western and eastern democrats, and ]
hope republicans, too, will refuse to
vote for this swindle. Prior to the
late election the people were every
where assured that il was the purpose
of the republican party to pay this
debt, and were pointed TO the monthly
debt statements, which showed an ay-
erage monthly payment of $S,7792jO
for the five months preceding election,
but the next statement after election
showed Il payment of only $3,6O9,26l,
not one.half of the previous payments,
and the president in his message asks
us to repeal the law requiring the coin
age of the silver dollar. (WHICH" he
says, "in reality is not Il dollar
1t has been the standard dollar of the
country almost ever since the founda.
ton of the government, so much SC
that our gold coins have been reduced
in metallic value to correspond thereto
1t was until 1919 the only dollar coined
The first gold dollar struck at our mnts
is only about thirty years old, and ON
simple fathers were all badly fooled
The forty-llth congress, that assured
Mr.. Hayes, by twO-thirds vote, oyel
his own veto that this is dollar, were
mistaken. Webster, Worcester, tht
United States statut are all wrong
The world is upside down and inside
ont. This coin is not dollar accord
ing to the bull of our infallible presi
dent. And as for the grecnback, hi
says that is only Il debt to be paid mC
retired, congress and the Supreme
Court notwithstanding. The hationa
bank notes escape his criticism. Nc
official of the government darcs eriticist
that. 1t is a promise to pay, like the
greenback, and, like it, a partial lega
tender. But, unlike the grcenbaci, il
is issued in the interest Of our lords
the national bankers, and designed tC
eXtort interest from the many TO en-
rich the few. Hence it is all right
and not only the greenback but the sill
yer dollar must so to make more room
for this royal money--the promise tC
pay of bOndholders. Shade of Jack
som Was ever a United States presi
dent 50 shameless in his devotion t.
bank corporations and so false TO tht
people who have hOnOred him.
lie further recommends prompt leg
islation to complete the funding of tn,
debt which is about to mature
not to pay it; and here is the bill fo
that purpose.
These measures, if adopted, woult
prevent the payment Of the public deb
by depriving us not only Of money t,
pay it, but of the right TO pay it, IN,
would largely increase it. They shoy
the utter insincerity of the leaders o
the republican party when they pro
fess Il purpose TO pay it. For the pee
pie before the election; for the banker
after election.
This bill is the natural outgrOwth o
the English spirit of caste and snol
berry, which is rapidly developing here
The same spirit which we find askin
for life-senators to govern the people
without being responsible t
them, demands permanent inter
est for an aristocraCy O
fund holders from our treasury
This refumding bill would add, as noN
proposed, over $500, 100000 to the pul
| lie debt in interest obligations tina
must he paid before the principal coul
mature. This effort to perpetuate an
increase our bonded debt is an effort t
pinch with famine the men that fee
the world, to make IN Ireland of tn
northwest and south. 1t sthe Englis
system of degrading and cnslaving Ii
Dor adopted here. The English 3 pc
cent debt has drawn over $12000,000
900 from the people in interest.
Farmers of the northwest, planter
of the South, here is the RepublicC
Democratic scheme for selling you out
Here is the reward you get for you
sectional, blOody-shirt fight. Not onl
your labor but that Of your children i
to be sold by u combination of TIL
eastern Democrats and Republicans t
the capitalists of the country, becaus
they refuse TO call in the national BAN
notes, apply the useless heap of coin i
the treasury, impose tax upon larg
incomes and pay the debt at once. Blu
then the "honor" of the country, we ar
told, demands that you shall be sol
out. Honest money" i. e., nations
bank money! demands the sacrifice o
your part. Wall street flnanciers an
political quacks all insist and now fo
the sale.
Here is practically the advertisement
which the gentleman from New Yor
| Mr.. Fernando Wood and the commit
tee he representS prOnose this congres