Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1886-03-05
THE FOURTH STEP
or The Conspiracy 10 Rob the Gov
ernment-C0ntinued

words set out supra. There can be no
doubt ns to the opinion OF the man Stevens,
The author m The bin, that the 90 bonds
were payable in greenbacks Aud he was
not alone. Ben Wade said IN letter to
Denny:
VICE Presidents CuAnBER. !
Washington, ID. C., Dee. l3, 1867. I
MY DEAR SIR:-Yours of the Sth inst.
is received aud | most cordially agree will,
every word you announce in it. am for
the laborlng class OF our people. The rich
can take care Of themselves.
While most scrupulously live up 10 all
contracts oil the government and fight re-
pudiation TO the death, 1 will fight the
bondholder as resolutey when lie intends
to get more than the pound of flesh. We
never agreed TO pay the $40 bonds in
gold no man can find 1t In the bond, aud
never will consent to one payment for
The bondholder aud another ior the people.
1t would sink any party and it ought to-
The great senator, o. p. Morton, one of
the grandest names in the roll that makes
up the mighty list, said in a speech In the
Senate in 1868, when the bill was upon its
passage:
"And now PROFOUND The question. 1t
is either intended by this bill (of March
IL, 1862 TO make a new contract or IL is
not. lf it is understood TO make new
contrat protest against ii. We should do
foul injustice 10 the government and peo-
pie Of the United States after we have
sold these bonds on an average Of not more
than fifty cents on the dollar now to make
new contract for the benefit of the
holders. 1t ithe billy gives to the laws a
construction do not believe in, and that
L have shown is contradicted by at least
four acts of Congress.
Sir, it Is understood, believe, that the
passage of a bill of this kind would have
the effect IN Europe, where our financial
questions are not well understood, to in
crease the demand and that will enable
the great operators to sell the bonds they
have on hand at a profit. 1t Is in the ma.
lure of brokers' operation. 1t is bull
movement TO put up the price of bonds for
the interest of parties dealing in them.
This great interest is laundering at the
doors of Congress and has been for many
months, and by every means been attempt
ing to drive lis into legislaling for the
purpose of making money for the great
operators. That is what il means, and
nothing else"
That is the language of the great Re
publican party. Calling this bill san ac
TO strengthen the public credit" was a lie
1t was bill to rob and plumber the peopl,
and all history will so record it. These
bonds costing the holders of them onl.
} fftyscenls on the dollar, was quoted al
$1.l5 in the market the same year tha
this bill became law.
laundering at the doors OF Congress t
secure legislation to make money for tn
! great operators? Such men were coNsPI
e RAToRs AGAINST THE GOVERNMENT.
8 The janus-faced John Sherman is on tn
:. record in way to make his name as in
n famous as that Of Judas, the betrayoI
= On July 27, 1868, he said:
r 81 say justice and equity are amply sat
i isfied if we redeem these bonds at the en-
II OF five years In the same kind of money
y the SAME INTRINSIC VALUE it was at ii
time they were issued. Senators som,
times to defeat the object of an antagonis
say this is repudiation. Why every state
the Union, without exception, has mad
:, its contracts since the legal currency, an
paid them in currency"
That is just what party called Greer
backers say now and always have sal
Turn the debt into non interest beari,
g United States notes.-G Greenbacks.
" John Sherman, in his letter 10 NJ
% Mann, March 20, 1868, said:
:, "Your idea is that we propose to rep,
- dia,e or violate a promise when we off
- to redeem the principal in legal tender,
s,ronotse. think the bondholder violat
his promise when he refuses to take Il
same sort OF money he paid for the bont
III under the law "a it stands, the bon,
= holder can demand only the kind of mo-
If ey he paid, then he is n repuditor and
,s extortioner to demand money more val
10 able than he gave"
D. Just year after, March, 1869, in SUI
"a port OF the "act, to STRENGTHEN THE Pul
" Lie CREDIT" John Sherman said:
lie 81 do assert as question OF policy th
u it il wise for us TO declare, that the s.:
IN gold and silver"
Now remember his words, "to be paid
1t gold and siiuer."
,- Thus the way was paved to consnma
y. the most stnpendous fraud found upon ii
ID statute books Of the world. The act
y March is TO remove doubt in declari,
N how such and such obligations shall
II. paid. The law relating 10 the $50 bon
H. was legal question To he determined
At the courts, and not by Congress. This II
ID OF March IS, 1869, was an act OF frau
y. hatched by conspiralors to cover n erin
y against labor, unparalleled a gift to ca
IT ital unequaled. And this work was Il
re willy work of a second Judas, kissing
N Christ as he betrayed him. Sherman 81,
n OF IL:
.e "They (5-o0 bondS) were sold on bas
i OF four hundred and fifty millions of do
n lars (as to value) and when United Stat
Ii Notes (greenbacks) had been DEPREcIA
l. TED by LEGISLATION PURPosELY"
70 Let us now rec,plulue the steps, SHOW
e ing the workings of the conspiracy;
. First-Tbe Greenback had two exec
lr tlons put in il and was discrediied by la,
80 that il could be bought cheap for gol,
That il greenbacks were deprecated b
a law 40 that capiialisls could buy bono
. cheap-buy them for half their face valu
Second-The National Banks were ei