The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-03-25
NOW HOWL, ISN'T THE WAR
OVER, NEIGHBOR? NO,
NOT UNTIL 1907.

The following is taken from the
speech of Mr.. Beaumont, made at St.
Louis, to the Farmers and Laborers'
Union and is Of itself a full charge of
grape and canister fired into the bond
holder:
Mr.. Beaumont says: "When the
wal was over they discharged the
soldier. They told me the jig was up,
laughter the fighting was all done
and that they did not want me any
longer. "But," said [, "you owe me
something" "Certainly," said the
official, and l held out my hand and
they paid me off in legal-tender paper
money and [ took it like a little man
and Ihave yet to hear of a soldier that
ever squealed about it, and all [ ask
the creditor of the government, the
bondholder, is to display the same
kind of patriotism and take his pay in
the same kind of money. The gov
eminent discharged a million of men.
They all came home and found plenty
of work at good wages. Why was
this so? It was because there was
plenty of money among the people.
"That's why, There was over ST.
100, OOO, 600 Of money in circulation.
When [ got home they began to tell
me that if the bondholder had not
bought the bonds Of the government
we would not have been able to whip
the rebels. And | for a long time
thought that the statement was true.
But when | came to examine the re-
port of the Secretary of the Treasury
in June, 1865, less than sixty days
after Gen. Lee surrendered, [ found
that the total amount of $40 bonds
that were purchased up to that date
did not exceed 1925, coo, 600. Now
that is not the cost Of the war, by any
means, fellow citizens. Applause.
Well, where did the money come
from that enabled us to carry on the
war? Why the government made
the money to carry on the war. Now,
one of the specie basis fellows will
sing out: "How did they get it out?'
Why we fought it out. Laughter.
We fought out over two thousand
millions. You remember the last year
of the war the government paid us
soldiers off in the 7-3 10 bonds with
six little coupons on the end, and
every six months we would clip one
of them off and receive our interest
on it. And at the end of three years
it left the simple state of a greenback
dollar to transact your business. The
government during the year of 1864
issued $3.50, 600, 900 of that kind of
money and it was used by the people
in t~ransacting their business. Well,
[ want to talk to the old soldiers,
when they were discharged, or after
the war. How about the other fellow
that enlisted when you did-Mr.
Money? Did they discharge him? Not
a bit of it. Laughter. They put in
a new recruiting officer. Who was
that? Hugh Mccullough. Who was
he? Why he was the tail end of the
banking firm of Jay Cooke & Co.
What was their BUSINESS q? Why,
they said it was funding. What was
that? Why, it was drawing in these
greenback dollars that we had faced
death to get out and putting out in
place of them a 6 per cent. bond.
TCheers. And in 1873 this country
was struck between wind and water
with a panic, and we had So, 100, OOO,-
900 of bonds, costing us over $780,
600, 900 interest annually, and only
$346, OOO,O 900 of legal-tender money
Now, let us reason together. How
does the soldiers account stand with
the %bondholder q? Listen carefully
now until I relate it. To pay the sol
diers every dollar of bounty from the
time Fort Sumpter was fired on up to
July, 1886, to pay every dollar of
pension that has been paid from the
time Fort Sumpter was fred on until
July, 1886, $2,lOO, 900, 600. To pay
the bondholder for services of money
not since Sumpter was fired upon, but
since Lee surrendered at Appomattox,
April 9, 1865, to July 1886, $780,