The Hartford republican. (Hartford, Ky.) 18??-1926, 1912-04-05

in the pleasant pursuit of moncymali'
ing, while the second class had endur'
ed during all those long years all the
privations incident to the greatest wal
the Government were for the mos
part brought with grecnbachs. TIL,
bonded debt of s2,oi9,975.sOO cost the
purchasers of the bonds at the time
they were issued only s1,S,1. i2i,2SS in
money of. gold value. the kind Of
money in which they were paid. There
was no question but that the bonds
for which greenbacks were paid were
payable in the lawful money of the
country.
NICE FOR BONDHOLDERS.
"John Sherman so held, and the Re.
publican party of Indiana, then led 10y
Oliver p. Morton, SO declared in its
state platform i'll 1865. And yet sir
the Government was so Jealous of It's
honor that in March. 1859, by the IA.
nous coin act, all such bonds were
made payable in coin. thereby giving
to the bondholders a clear profit o.
more than s6i9, 900, oUG-a naked spec
Misunderstanding for nothing.
when, a little later, measure was
offered in congress to protect the ma
tional honor by paying to the soldiers
the difference between the amounts
which the Government agreed to pay
them and the amount actually receiv-
ed by them from the Government, it
failed of a respectful hearing. its au-
thor being denounced as a demagogue
for bringing a proposition so prepos-
ferrous into the halls of national legis.
lation.
those men who were so solicitious for
the national honor in 1896, and whose
consciences We're so quicllened at the
mere prophecy of fifty-cent dollars, to
rally to the support of the Sherwood
pension bill to the end that the old
soldiers of the Union, who made hun
dred-cent dollars, or dollars of any
kind, possible in this country, and who
were paid for their gallant services in
forty-cent dollars, may have, before
they die some measure of justice at
the hands of Government penitent
for its one act of debt reputation.
at has been loosely asserted that
the Sherwood bill will add $4,000, 000
to the expenses of the Government,
This extraordinary statement coming
from the Pension office was based
upon complications shown to have been
utterly without merit. 1t has been
demonstrated by General
Sherwood by computation made from
The official records of the War Depart
nent that the total increase of eS-
oense resulting from the Sherwood
bill as passed by the House of Repre-
could not exceed Si5,O0O,0o9
while under the provisions of the orr
;inal bill as introduced in the House,
lenying the benefit of its provisions
o soldiers having an income of sl,G0o
Ter year, the increase OF expenditure
would not exceed S30.Vi0.000.
NO ECONOMY IN OTHER MATTERS.
"The chief objection to the Sher-
wood bill is based upon the charge
hat it calls for an eXtravagant eXpen-
liture of public money. and violates
he promise of economy in the admin
stration of the government.
"sir, l have already shown that to
'ay an honest debt. or to follow the
common instincts of humanity by car
ng for the defenders of the republic
n their old age. is not an eXtrava-
rance and violates no pledge of econo-
ny in government.
but, sir, this cry of economy in
governmental expenditures has new
md strange sound. II has been sell
lom heard during the past twelve
ears. while the expenses of govern
nent have nearly doubled and climbed
lp to the enormous figure of a thous-
md million dollars a year.
ut was not heard in connection with
he appropriation of hundreds of mil
Ions of dollars for the Panama Canal,
Ior has It been insisted upon during
he time that the taxpayers of the
ation have been contributing a half
illlon dollars or more In carrying out
he work Of subjugating the Philippine