Crawfordsville Review, Crawfordsville, Montgomery County, 5 March 1870 Edition 02 — Page 2

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Mating Prompt)? and

XmiI) L'iotk4.

THE FINANCIAL POLICY OF THE ADMINISTRATION.

Monopoly and Privilege vs. the IntprcM of Ibc laborer.

Plans for the Payment of The Public Debt-

Speech of lion. I). W. Voorliees in the United States House or Kcpmrnta-: tires, January *2S, 1870.

ii Mr. Chairman, now that the- con

flict between the sons of Massachusetts is suspended, and each party is resting to recruit his forces now that the Administration has been proven a delinquent in its use of the public money by the chairman of appropriations, (Mr. Dawes,) aud has been defended with a magnanimity and oblivion of past injuries which has no

parallel in the history of human charity and forgiveness by his military and warlike colleague, (Mr. Butler,) now that there is a lull in the storm, and peace for a brief season ou the opposite side of the Chamber, I arise to ask the indulgence of the House while

demonstrate that the wrongs and oppressions of the people have a longer

growth and more giant proportions by far than even those which this striking and remarkable debate has disclosed.

The interest now felt in the public mind upon the subject of our financial policy is deep and universal. All

classes aro bending their thoughts towards this great theme. Tt awakens

a solicitude as widespread as the winds and as all-pervading as the light that breaks with the opening of the day. The people of every grade aud condition are impelled by the strongest of all human inducements to give eager heed to the actions of this Govern

ment on the subject of its revenues. But while this question thus pre

sents a common center, which with the irresistible force of some vast controlling magnet attracts every mind to its earnest contemplation, yet the points of observation from which it is np-

proached and considered are widely separated, and stand apart liko places

of fortified hostility frowning upon each other. The great body of the people who work with their own hands through all the weary days of the year, and whose earnings constitute the

wealth of tho nation, occupy one position, aud with painful anxiety pray

for relief against tho further operations of a Bystem of appalling injustice and

crushing monopoly. The owners of idle capital, the favorites of fortune aud of special legislation, who like lilies toil not and yet surpass kings in

tho splendor of their habits aud luxuries, occupy the other position, and invoke the powers of the (loverninent

to make no change, to continue forever the enchantment of their fea-t for which others pay. Tliii farmer, who forces tho bosom of the earth to yield

its annual products for the support of! men and nations the lnaehatiie, who I iucrcnscs the value of things bv his

ment toward themselves, their classes. uud their posterity after them, nothinu' saro exactions, usury, and penalties.

The man whose greatness of brain and .hoart consist solely in his ability to wring money from the bauds ol others, and to amass sufficient wealth to ob

scure his visiou of justice on earth and to darken his hopes

TITU

wv -y

J®L*nivln

of heaven here

after, beholds nothing in our revenue lows in regard to his intere.-ts except

emoluments, richness, and careful exemptions.

Sir, of these two opposing classes 1

privilege have clamored iu high and imperious tones iu these halls for jears. They have secured a lodgement beyond tho reach of tho humble and the poor. Their advocates on this floor are numerous and able. They listen with impatience to contradiction, and attempt to drown the reason by the force of worn theta. Tho capitalist, for whom

ting fortunes of the flig than other class of beings that ever drew breath beneath its folds. Their keeneyed cupidity kept watch upon the imperiled standard of their country, and the measures of their exactions was gauged according as it was advanccd full high in the hour of victo|ry, or born back in gloom upon the ebbing tide of defeat. And disaster brought them the richest banquets.

Tho clouds that so ofteu filled our sky with darkness were to thoni relieved by a golden lining. Speculation hovered over tlui fate of our armies and fattened like the vulture upon the unburied dead of lost and strieked fields. Death and the sordid greed of gain held high carnival together, and ministered to each other's ferocious and insatiate lusts and appetites from the opening to the close of the dreadful couHict. I stand prepared to sustain these statements. 1 am fully aware of my responsibility in making them, but knowing, as I do, the fact as recorded in the archives of the Government. 1 here solemnly assert, and shall prove, that a vast proportion of tlie public debt, as it is stated upon paper, has no existence whatever in reality that it is a fiction created by iiujust and scan dalous legislation, or the still more unjust and scandalous perversiou of the true contract that it is a fraud fastened upou the labor of the nation utterly without consideration, either legal or moral that it is a sheer and naked extortion from the wants, the necessities, the helplessness of the people aud the armies when they wore

skillful industry the toilers of'thej

land and of tho sea, in whatever arocation the gifts and bounties of nature are extracted by human labor, discover in the present policy of this Govern-

I wholly at th,

range myself with the most friendless have made my

in this body, in whose behalf a voice hero speaking plainly the iruth is but seldom now heard. Mouopoly and

the in safely. I have uudercstimated the wrongs of the people and the cnormous advantages of the bondholder, rather than overestimated them. I desire those who receive my statements as authority, to feel amply secure from successful contradiction. 1 wish to cuable theiu to challenge denial everywhere, as I do here.

A O

1 ana

American legislation is now enacted, is y" r°»

long„an*

of the Departments Why are his plain clothes never seen amid the throng which surrounds and invades this capitol lie is tho power above

TigiUot, ud bis fate tuny be secu io ff 844 »30 649 i. gold. It IS now demanded that they shall be all the corridors of the Capitol. He paid in gold at their face, and not accomes armed with the powers of bonds, cording

banks, and manufactories, and wher- this.shall be done the bondholder in

Congreas. nus, a gift, absolutely so much out of

DOt the famer hero? the

all others which upholds the entire when it falls due. The account, therepolitical and social structure. From fore, in 1S62, elands as follows his hard h'ands flow those constant riv- Amount of bonds «old scot9?2.*i0 ulcts which feed Ad swell the illimit- Amoant paid for tnem

able ocean ot our revenue?. Delega- Amount ^of bonus clear cain to tioilS crowd the official chambers of Interest already paid on bonus 6:102.651 the Government in

oo to meet the exactions of the tax gath-

3 5 0 0

crer. while those whose bauds are unstained with labor and whose lives

behalf of every a u.zraa:

IOO oo human enterprise except-that which is Amount paid and YET doe the bonder greate?t of all, the cause of labo The farmer and mechanic toil at home

given to sumptuous ease, shape the leg ielation of the country for the purpose of private train and individual rao nopolies. Iu the absence of the laborer I propose to-diy to speak for hi? welfare and to the best of myabilities uphold his, cause.

Sir. in examining the financial poli-

The Fiction and Fraud In the Creation of The Public Debt.

cy which is now proclaimed by the administration in power, the history of the creation of our national debt, the manner in which it was formed, becomes a primary and important subject of investigation. It had its origin in the midst of the convulsions of war. The contract for it3 payment was made when the sword impended with bloody menance over the cxis tcnce of the Government. ft was negotiated when the sounds ol'^ battle along a thousand miles of dividing and ensanguined borders were in our cars. The smoke of carnage lay heavily on all the air, and under the shadow of its threatening canopy, the borrower for the maintainance of the armies and the lender for usury and gain crept about and arranged the terms of that stupendous debt which now confronts us with its insatiable demands. The hard, bitter duress cf a deadly peril was upon all the functions of the nation. But little was done in those dark days from untrammeled choice, but much upon cruel compulsion. The dotrine of free will gave way in the councils of the Republic to the code of an inexorable necessity. We were compelled ts have money or perish from the face of the earth, and this was known in every money market in the world. We went, reeling and bleeding under the blows of the rebellion, to the counters of brokerage and ofFered our paper for discount, when money was as vital necessity as breath to a dying man or water to one whose lips blacken with thirst in the burning desert. Were these circumstances fa vorable to a just and equitable nego tiation Did these sinister omens give promise of a fair transaction with the capitalists and money changers? Will wealth seek no advantage from individual or national distress? Is amassed capital unselfish? Docs it. seek no more than its own when the •traits of poverty or peril drive men or Governments into its power? Such is not _the experience of mankind, and such was not the experience of the American people when under the stress of mighty afflictions they became borrowers and tendered their bonds for tho repayment of the sums obtained. I appeal to the facts of history within the knowledge and memory of all who hear me. The capitalists of this country discounted the credit of their government in its struggle for life more heavily, shaved its notes in the broker shops more deeply than was ever before known under similar circumstances in tlie anuals of civilized nations. They drove the hardest bargain ever known betweeu citizens and the Gavernment I which protected them. They traded with less conscience upon l!ie iluclua-

due in twenty posterity.

IT .- of gold at that time, as given by high ditional sum of $29,46,la0 were*

always here. He has the time and the I authority, was 13Si in currency. At issued, with the average price of gold

means to look after his mighty inter- this rate the purchasers of this first iu the market at SI 43 in currency! Sir. who has known the paralL. est at tho seat of Government. He is

their consideration. If

•rer He treada monopoly lifts up its this comparatively small transaction existing financial system they wi ngly crest and mocks tbe people with will receive 816,951,S01 more than he called upon to pay 872,9G2,708 the special favors it has received at paid to the Government. This is a bo-

P°ckets of the taxpayers for noth-

Wby is his honest, sunburnt face un- ing at all in return. But the obli^aknown in the precincts of national tion, as now construed, stops not he°re. legislation, at the ear of the Execu- On this bonus, not one dollar of which

busy aisles the Government ever received, inter-

est has already been paid to the amount of 86,102,654 and the interest yet to acrue on this fictitious claim will reach the sum of 814,239,526,

44 030619

holder for which he never paid cent $37.-293,9?! Thus it will be seen beyond cavil or question that upon an investment of a little over forty-four million dollars the traffiers in national bonds obtained the obligations of the Government for over thirty seven million dollars, not one dollar of which ever left their coffers or ever found its way into the vaults of the Treasury. I am treating now simply of that which is clear gain. I leave out of view their bonds for which they paid. I shall in this connection discuss those only for which they did not pay I shall separate the fraud from the reali ty [shall draw its startling outliues so that all men may hereafter behold it and know their rights,

During the year 1803 the records show that the Government issued its

The transactions of 1863, then, sum up in the following striking light: Amount of bonds issued SlGQ.9s7,530 Amount paid for them 101.S90.851

Amount of bonus 59,090,096 Interest already paid on bonus 17,729,010 Interest yet to be paid on bonu- 53.187.030

Amount paid and yet due tho bondholders for which ho has paid nothing at all if 130,012,730

Here is a demonstration which boldly defies all assaliants that the bondholder to-pay has in his possession the obligations of the American people to pay him over one hundred and thirty milliou dollars in gold, growing out of the operations of a single year, not one cent of which did lie ever advance or expend in their behalf, lie paid into the Treasury ouc hundred and one millions and a fraction over, as I have shown. This i\he of course receives back again with its six per eeut. interest, but. the unbearable injustice lies iu tho addi tional 859,000.000 the bonus and the I interest thereon, all.of which is somcthing for nothing.

If the laboring masses of this free I land are willing to endure HU a ystein of wrong, of plunder, and of wickedness, then indeed may they well crouch down, like Issachar of old, between heavy burdens aud at ihe bidI ding of privileged masters.

In 1864 there was issued 8381,292,• I 250 worth of bends, so far as their face disclosed their value. The price of gold duriug that year was at an average of 201 in currency. Here we find that the sale of these bonds realized to the Government the sum of 8189,697,636—less than one half of their nominal amount. The sum charged by the bondholder* for the advancement aud loan of something one hundred and eighty nine millious was the fearful bouus of 8191.594,614.

Figures arc the faithful witnesses of truth, and I submit them here to reveal oppression and produce reform aud justice. On uo other subject did they ever speak with a more potent voice iu no other age did they ever bring to light a blacker phase of the avarieous nature of man. Nearly two hundred millions are shown to be au gratuity, and the interest which up to this time has been rung from tax-pay-ers and applied upou this enormous do.iatiou to avarice, reaches the sum of 815,982,708. The usury yet to be paid upon it as interest on money never received by the Government amounts to 8183,930,832. The result of financial operations in 186!, therefore, stands as follows Amount of bonds issued .$3S 1.2'J3.250 Amount paid for them 1S9,G9S,G35

Amount of bonus $191,594,614 Interest already paid on b.mus 45.982.703

mercy of Capital. I Interest yot to bo paid on bonus 1S3.U30,S32 alculations, and made Amount paid and yet to be paid for which no thin? was ever received by tho (.lovernment sIJ1.50?,151

Four hundred and twenty-one millions, five hundred and eight thousand, one hundred and fifty-four dollars! A speculation as wholly and totally unsupported by a particle of consideration as the highwayman's profits upou a midnight adventure. I propose to tear away the obscuring veils

The first step iu the creation of the which have heretofore shrouded this present interest bearing bonded debt question. I shall run a dividing line

"ge price In the year 18(55 bonds for the ad-

f'!

3 2 0

?°A-

Amount of bonus

1803 1SG4 1S65

taken by the Government in 1SG2. between the sound and the unsound, bonds are outstanding, which the Gov- turned the great and sacred"occasion to I And w' uthority of, In that year there wero issued bonds that an honest people may see plainly eminent did not receive, and we find I traffic and multiplied their possessions. I o-

rn out epi- axuountiup to SG0,0S2,450, bearing six their duty to themselves aud their the following result: I Neither the money nor the money- soldier in

0 a

paid as an interest on this bonus sum of S12,S75,772, and by

«U V* UUU UJ

the

71,532,060

Interest already paid on bonus 1-2,873.775 interest yet to bo paid on bonus 73.9G2.70S

Alaonnt paid and yet to be paid

wnichis without any eonsideration$i57,370,540 and infernal aspect as now towers up In 1866 with the price of gold at in our midst and darkens the homes 81 41 currency, the Government sold of the people with its cruel and cease-

WEEKLY REVI13W—CRAWFORDSVILLE, INDIANA, SATURDAY, MARCH 5, 1870.

year. Amonnt of bonds issued SUM.OW.-HiO 68,591,773

Amount paid f-.*r them,

3C.322.fi27 4.35P.716 39.22?,4«

Araount of bonas Interest already paid on bonus... Interest yet to be paid on bonu=

Amount paid and yet to be paid on bonus and interest on bonus for which the bondholder never paid anything

In 1867 bonds for the vas §421,469,530 were issued. With gold quoted at an average of 139 the purchasers of these bonds paid for them 8303,215,503, making thereby 811S,254,047 as clear profit in the oppera

on this profit, or bouus 87,095,243. The amount to be paid on the same as future interest until the bonds mature

bonds again to the amount of 1 CO,- will be 8134,S09,617 making in all 987,550. Estimating the price of! gold at 153 iu currency, which will be found too low iustcad of too high, it will bo seen that those who bought this issue of bonds paid to the Government only the sum of 8101,890,S54, being the vast sura of 859.096,C9(j less than their face at which they are now held over the bended shoulders of weary and over taxed industry. This was the original discount—the brokers shave in the beginning. The amount nominated in the bonds is unreal and imaginary and represents only the grasp of remorseless creditors. But this bonus of over fiftyI niue millions by which we procured the accommodation of capital in our days of distress bears also its six per cent, interest, and enables the usurer literally to reap his annual golden harvest where has sown no seed. The people have already paid upon it as interest in gold the sum of 817,729,010. This is interest paid upon inoney never received, and which the people do not owe. The amonnt still to be paid as interest upon this fraudulent bonus by the time this issue of bonds mature is 853,187, 030. Remember that the bouus itself being placed in the face of the bonds without consideration, all interest arising from it is likewise a spurious extortiou.

aD account for the year 1SG7 low

Amount of bonds issued Amount paid for them

fol-

.. S4'Jl,-lC0,r50 .... 303.215,503

118,254,017

Amount of bonus Interest paid on bonus Interest yet to be paid on bonus.

Amount paid and yet to be paid as bonu3 and interest on bonus (clear gain to the bondholder) 5260,153,900

The issue of 1868 reached the sum of 8425,443,S00. The estimated price of gold being 136, those who bought these bonds paid 8312,826,323 rualiz ing as a bonus 8112,017,477. Their receipt of one year's interest on this bonus is 86,757,048, while there re-

ACCOCNT FOI: 1-0?.

Amount of bonds issued $425,443,600 Amount paid for them 312.82G.323

Amount of benus Interest paid on bonus Interest yet to be paid on bonus ..

112,617.477 G,757.043 128,383,932

Anouut of bonus and interest on bonus paid and to be paid entirely destitute of consideration s247,73S,457

All the bonds which I have thus far considered bear six per cent, interest. During the years, however, of 1S64, 1865, 1S66, 1S67, and 1868 there were issued five per cent, bonds amounting in all to the sum of 819.),139,550, which at the various estimates already made of the price of gold cost the purchasers the sum of 8122,957.410. The bonus to the bondholders growing out of the sale cf these bonds amouuts to 872.132,140. The interest thus far received on this fictitious 872,000,000 and upward is 811-679.296. That which remains to be received in the future on the same fraudulent basis will reach 8132,684,958. The transactions of those five years in five per eeut bonds may be stated iu a condensed form thus Amount of bonds''issued.' ...§195.139,550 Amount paid for them 122,957,410

Amount of bonus 72,182,110 Interest paid on bonus 11.079,296 Interest yet to bo paid on bonus 132,084,958

Amount of bonus and interest on bonus paid and to be puid for whirh the bondholder never (mid a dollar $21t,7.W,394

Sir, allow me now to recapitulate and place in ,i compact

:md distinct

form the aggregate of the obligations, the bonds which were given as a bonus, as a bare gratuity, to the reluctant and unpatriotic capitalists of the country in order to win their support when our need was the sorest. Allow me to array together the items of an appalling account uow in the hands of the tax gatherer for collection, every farthing of which is a mere fabriea- 1 tion upon paper and as completely devoid of merit as a forged check presented for payment. Mv former statements and calculations establish the following table, as showing the amouut of the people obligations which the bondholders obtained in tiie creation of the national debt each year for nothing—absolutely nothing, IHfio 3 37.293.9,si

18G3 130,012.730 1,-lj.) 421:508,154 lS(i(i 157.370.540 1SGU 75,909,7?7 1507 200,153.907 IS 247.75? ,457 Bonus and interest on live per cent bonds lt,o4G,.Ul-l

.§1,550,55S.95I) stupendous which the the people

Here stands, then, this total of Sl,")50,358,03ij, party uow iu power says shall pay under inexorable penalties, not one cent of which I have proveu ever left the coffers of the speculator or found its way into the Treasury of a distressed and struggling country. I invoke scrutiny upou my statements, aud shall at all times defend their substantial correctness.

But in this connection, let us recapitulate also upon another poiut. Let us see distinctly how much money the bondholdeis actually did loan, did advance upon the bonds of the Government to aid the great cause of national unity. I have already established the_ facts, and now place them in tabular form. The payments of the bondholders were as follows

.$ -11.030,049 101.S90.854 1S9.697.63G 20S.214.090 85,591,773 303,215,503 312.S2-3.323

I Amoant paid for the five per bond

1-S.0o7.-I10

Total 1,371,4i4,Q3S Compare this amount of SI,471,424,23S, which the Government did receive, with the amount for which our

MIIMIUJJ nuv ivvvnv uiku vuv uu ». «vi uiwtt vUi 11UU nuALU SU la I ulJU 9L1UU«| UUL

Amount of debt which has no consideration il.530.53S.Si 3 Amount which was paid for 1.371.454.23S

^c?ucfL

$ITO

i*ty millions of bonds For them the traders in Government this in the history of constitutional I dark pines ot Maine to the fur off tery on the hill his unburied remain securities paia 20S,214,090, realizing Governments Where shall we look mouth ol the Columbia River, and as a bonus in the transaction, the sum comparisons to this monstrous op-

?79.9CKI,7S' sum of was permitted to create their laws, has more stab ever before in the annal of the human race such a giant extortion been fastened like a vampire of death on the resources of a nation.

Sir. we have heard the patriotism

But while the soldier stood ou the outermost brink of danger, while he walked on the perilous ridge of battle, tho men cf many millions parted not with one dollar with which to pay

The Government in its prosperity had fostered him with its blessings he had become by its nurture as one of the princes of the earth iu afiluence and splendor, and over all his gains and accumlations the government held a sleepless guardianship, and assured him the enjoyment of his wealth in

geaerous hand or just recognition of

its protecting hand animated the hard

Sir, who has known the parallel to every little spot, far away up in the closing moments and the quiet cc-me-

a a

by the time these bonds mature. The stands naked aud confessed? Under glory and not for gain, speculation dead within. And whe® all is over, gains of this year to the bondholder appear thus: Amount of bonds issued...- 5279.746,150 Amount paid for them 20c,214.09}

what baleful sky, in what other quar- »s busy, reaping its double harvest

that God enabled them to

I predion In what realm or land, give. They were taken and the bro- ,i

governed by written law, will the ex- I or the nation S credit was left. I fC

rr,.

.. i° tious plunder of the people as here "ound the graves of heroes who died

I plorer of other countries and other The throbbing pulse is still and the driver which fa-tens down the lid over will be

ge3 find such a wholesale and flagi-| bright eye is dark but above and paid taxes

SI24,914.400 of its bond?, for which leas demand?? Kings, it i? true, uo- tion made in the purchase of the drama by paying a heavy/tax for tlie E. J. BINFOBD & BRO.'S COL. it received SSS,591,773. The bonus, restrained by law have robbed their ... or the difference between the face of subjects. Despots who rule by prethe bonds and the price which they rogative, have torn away the substance brought in the market in this instance of their unfortunate serf? and lavished so much

bonds, a clear profit of over fifteen

was 336,322,fi27. The holder? of the it upon the favorites of the throne. people for nothing ever paid out of sal manner of visitation there was exbonds have received as interest on The pampered and lawless tyrants of the pockets of the bondholder. But, traded from the labor of this country this bonus $4,358,710. They are yet Asia, Africa and Europe, have seized was greed and cunning and malignant! during the year ending the 30th of to receive as interest on the same the fruits of toil, the painful and pre- avarice content with this stupendous June, 18G9, according to the report 1839,223,444. The following calcula- cious and painfull earnings of vigilant plunder? Did shame, or remorse, or of the Secretary of the Treasury, the tion will be found correct for this daily labor, and wasted them in palaces honor, or forbearance seize the obdu- sum of 8366,923,402 for the support of revelry and endless indulgence. rate heart of capital aud arrest it in of the Federal Government and the

The millions under imperial sway its career of merciless exactions Did further enrichment of a frightful raonhave been trodden down, beggared the nature of Shyloek relent or the opoly. The heavy load of State, and held to servitude by the unhrid- edge of his knife grow dull when the county and municipal taxation rests led avarice of absolute monarchs. consideration of his bond was tendered upon the same industrial classes. To But in what region of the globe pene- I two-fold in the Venetian court? Xot uphold the thirty seven local govern trated and influenced by the popular so. There was one more blow to be will, where the voice of the people struck at the victim, there was one be inflicted upon the

helpless cause of labor. The usurer with all his gains, his bonus, and his usuries, still witheld his money from the aid of his Government until its

tion'. They have collected a-: interest capitalists made the eloquent much property exempt by law from this Republic pour into the coffers of taxation. The advautage which he took of the necessities of the Government not only doubled his estate but released it also from all future burdens in its support. This wrong upon

constitutes bulwarks of national de-

mains to be collected between this fense more powerful than iron, brass time aud the maturity of these bonds the further sum of 8128,383,932 as usury, or interest upon nothing ever received by the Government.

or stone, wa3 not an inmate of his breast. It electrified all hearts but his. It enobled and glorified all classes save that which made merchandise of the country's woes and trafficked for a hundred per cent, of profit amid the roar of cannon and a deluge of blood. The father left his brokenhearted home the sou and the brother in the brightness of youth, took his last farewell of fainting kindred the armies were filled with ardent, hopeful lives as food for tne leaden hail, the bayonet and the grave. Flesh aud blood volunteered, or if the precious tie3 of home and loved ones overmastered the patriotic will, the draft, the unrelenting draft, replenished the ranks of war and listened to no bargains in behalf of the hearthstones which it made desolute forever.

pins, the hooks and eyes, aud the eyelets. have all beeu taxed from forty to two hundred per cent. and the amount paid upon them has been put in their price for the consumer fiually to pay. The collector of revenue walks by the side of the farmer in his daily labor, and reaps a golden incomc for the holders of a spurious debt from

and feed him at his post of death un- the plowshare, the hoe, the. sickle, the til their remorseless terms were com- scythe, the reaping machine, aud the plied with. Money was uo volunteer, nor did the fatal wheel of conscription wrench it from the hands of its sordid masters. Tt heard the beseeching voice of the (.lovcrnment with a dull, indifferent car. It laid still in its vaults and dens watching for its prey and its profits. It witnessed a devo tion and a sacrifice iu this land more universal and unselfish than ever before illuminated the jpages of time, and its metallic heart alone remained cold and unmoved under the heat of tho fiery blaze. While the armies moved on, and the lamps of dear and valua

mower, the wrought-irou finish of the wagon, the chains, the cla-ps, the I buckles, and the bridle-bits of harncss, the iron teeth of the harrow, the many tined forks, the grain shovels, and the shoes on the horses' feel. He goes into the shop of the mechanic and puts :i twofold tariff price on the saws, the augers, the knives, the planes, the anvils, tho hammers, the ton^s, and I ail the- utensils of those who work in wood, brass and iron. He sit.s down at meal time with the laborer at his table and points out to him that his knife and fork aud hi. unpretending

ble lives went out on the ghastly field plates have cost him double because ot the bondholder's demands upon them before they came into use. The coffee, and .-ugar, aud tea at this frugal board have paid llieir twenty-five to fifty per cent, to the (lovernment, and rear and pursued his calling and drove the very salt that savors the bread and his fell contracts. He brooded over his meat ol the people, and the coal which

and in the hushed stillncs of the hos pital, almost like'the innumerable stars away at dawn in the sky, the spirit of Mammon, the least erect of all that fell from Heaven, crouched in the

treasures until the calamuitics of life, of homes, aud of families, sv.'olled them into twofold proportions. In the midst of the mighty throngs, such as the eye of mau hath not seen in all the ages that are gone in the shadowy past, pressing forward to save the emblems aud the unity of the Republic, lie was doling out to them as they passed into the tempest one dollar, and extorting their obligation for more than two.

If the sons of toil and moderate means could afford their lives and the I widowhood aud orphanage of their I I homes for the supremacy of the Union, how much more could the masters of I wealth afford to divide their substance and give if their abundance in the I same great cause! The duty of the! citizen is in proportion to the protcction which he receives. The- capitalist has the benefit of Government more than the humble laborer, who has 'little to be guarded by the law. To the bondholder much had been given.

warms their humble abode- aro enhanced iu their prices by the present system of tariff taxation from one hundred and twenty-five per cent, over their real intrinsic value. Water it self, the flowing fountains of life without which human nature sinks and dies, is not free. The pump with its machinery, the windlass with its chains that control the wells, and the buckets which come aud go from tho springs, aud the cups from which thirst is at last quenched, all stand their levy of an exorbitant per cc Nor is this insatiable system anv respecter of persons after it leaves

and bitter selfishness of hoarded cap- privilege for its earnings and ital. It relied upon the people to up- possessions against the grasp of taxahold a cause of more absolute value to tion. I ha %cteran of the eniire conit than to any other interest. They A'ct, who has returned to finish the who now hold our bonds not only de- journey of life upon one leg, paj's tripended upon the patriotism of others bute to the Government and to the to maintain the shaken foundations of of exempted bonds on the very the Kepublic under whose care they erutches which bear him i:i pain along had waxed so fat and strong, but they

our

changers came forth to the conflict, home, passes away from this scene of! Hearts bounding with warm affections treadmill slavery "he invokes in vain and brains filled with visions of peace- the shelter of the tomb. Between the KW.71S ful and happy years sprang up from chamber that was darkened for the

cs by the

proud, the rich, aud the exalted. The soldier who has left on arm on the field of battle has no exemption in behalf of the labor of the hand which remains, ft toils a? best it can to be ready for the demands of the taxgatherer, while the otherliesperishing iu the ground far away where swept the stormy and headlong charge uudcr the bright folds of the blessed flag. The pallid and stricken widow in her lonely tenement of sorrow end bercavment knows not the abatement of one farthing on the part of the revenue official or the laws of Congress because of her irreparable sacrifice, the sacrifico of hitn who made life warm and beautiful to her, but who uow sleeps

in same distant spot with his cherished

safety. But when the deadly peril of dissolution came upon us uo sentiment facc turned upward towards the flowers of gratitude to that Government, no ld°

0 IT 1

^7 havoc of war

®treets.

are made to pay tribute for the brief! passage. The snowy shroud that cov-

'hp

rp r,

.l the

s( rPK

cumn ana ine screw., ana int. strew

5 1 a 3 0

ter of the earth has such an awful visi- from the hallowed blood which they jjlonc forever in his dark and narrow tation fallen upon human labor shed. I bed, the officer of the revnue still plies Where else than in this land of pro- But. Mr. Chairman, there is another his trade in the midst of the broken fessed equality has wealth ever com- feature in the creation of the national household. Tbe letters of administramitted a crime against industry and debt which demands consideration in tion, the bond, the inventory, the bill mt and will last A hundred years—A—Adand liberty of such huge proportions this connection. The system of fla of sale, the report, all pay toll to priv-

.i t.i

ds turn away and leave him I

grant injustice which I have thus far lleged wealth, as the estate proceeds febi* wJ exposed has its final and fitting climax. I to final settlement. The tombstone, I have shown the enormous epetula- I if one is rai

privilege of keeping watch as a loving the dust that reposes|

hundred millions. I have demon- memorial over strated that.this vast sum is absolutely below. out of ihe pocket? of the In this terrible minute, and univer-

ments into which this Union is divided. aud the slill smaller corporations of cities and countic-s and corporations under them, is costing the American people the additional sum of 8250,000,000 per aunum. Thus for each seed-time and harvest of the revolving

bonds were placed in his hands as so year the toiling meu and women of

theiue of eulogy. His praises have swarmed upon partisan lips. The air has been laden aud vocal with sweet encomiums of his generous sacrifices. His claims are exalted as those of beneficent. philanthropy. He comes the people is such an aggravation of I here with the air of a public benefac- their other injuries in this connection tor. lie assumes a loftier port than that it is difficult to speak of it iu the heroes of the war, and demands terms of moderation. It is a crying, payment for what he has done, as a first burning infamy. Taxation stalks up mortgage ou all the chattels, land and and down all the land with hungry, labor of the nation. Never since the ravishing strides, like some famished plain that no people heucath the cirbirth of time, in the whole wide range beast of prey, and commits its ravages cle of the sun, between the two poles of human conduct, was a pretension on every substance save that which is of this fertile globe, are taxed so more false. Never was a base assump- richest. It pursues every footstep and deeply upon the earnings of their tion more utterly crushed by the un- haunts all the humble and obscure hands as this people whose rcpresenta deniable facts of histor}*. That beau- ways and wants of the people. It tiful love of country, that sublime knews no sleep nor rest from weariness devotion to her institutions which or surfeit. Its hard, tithing hand is

bom to toil and of toiling parents to their graves in the closing twilight of old age. There is no sign ou the door posts of tho poor to guard away the angel of exortiou from their homes, The tax gatherer is as ever present us the breath of the pestilence when cities and nations wail its stroke." He goes with the husbandman to the counter of the merchant, and there gathers in for the bondholder on every purchase made for the necessities of a family. The shirtings, the flannels, I the calicoes, the muslins, the delaines, the bonnets, the hose, the cassimercs, the cassinetts, the boots, the shoes, th. buttons, Ihe lhrca.1, the ncedloi, tho WKWinlf SnSKS

Viit aggregate of 8616,-

taxation the 923,402. Annual Federal taxation "SSrtG.'.KKMirt Annual State and lnenl taxation 250.WW.000

Tulal pur uniniiu S«lG,'i3.-102 There is on langurge within the scope of the human tongue that can exaggerate the overwhelming significance of these reliable figures. The great fact stands out with the awful distinctness of a mountain utton a

tives we arc. The official statistics of the five great powers of Europe aud of all the withered and ancient routine

laid on every moment of life's jour- of Asia and Egypt bear constant witney, from the cradle of the children (Omr/ml il on First Fa,/•.')

GROCERIES.

BECK & JOHNSON

Groceries & Provisions

of :i MStreet

IVawioi'dsvilk'. TtiIinii».

l^pilKnew lirm would respectfully inform tlio .JL fciti^ens of Montgomery county that they establishment wherewill bo

found a large assortment ot

''-"-i-ilnrf

Coffee, j. Tea,

Sugar

Fish, tflolasses.

Spices,

Woo tie Ware, Crockery,

Tobacco,

We sli:II pay the times fur

A'r.. A'c.

Wu lia\o rctnimrd the servioes of Mr. Henry Slci:in, tho popular salesman, so well known to the public, and shall be pleased to receive calN from M!1 the,old friends uf the former firm.

st iiMrliei price .it :i!i

3? O IXC "111

O E I E

est figures.

I fl

lilJt'K .1 JOHNSON.

MACHINERY.

1!. If. McfrKATli MACHINISTS,

I/O.

.Manufacturers of Corn Shellcrs. ifoi^o Powers. Drag iSaws, SugarMills, Susar Kettles. C'antintrs. Bra**

Castings and Machinery of every de-crip'ion.

ALSO.

HcCjiraiir.s Eiuproved

THIMBLE SKEINS,

Patented January 2^. I-OS.

a I a

fan hint mt J'ljinir II'/•/,• in

hours,

Siiuji on :i!l St.. sonili ol ilraniblc iloiisr,

Oils,"

over him. The child Le-

K»'ding and snstain-

when the citizen of this illland, whether he has been a the field or a laborer at

verued 1

LaFayette, Ind.

DRUGS.

L-.t fitu

rugs,

Paints,

Chemicals,

Dye Stuffs,

Toilet

& Fancy

ARTICLES, Cigars & Tobacco,

OF TH l'/XKT 01'A LI TV

IDV 'ALL and see us L.tehan^e llluck Main street, I Door e--t Corner Book Store. jun-"3'U6wet T. W. KitV A CO.

LIVERY.

I E 11

SALE & FEED STABLE

I would respectfully announce that I am now prepared to accommodate the publicc with th best outfit in the way of livery teams to be found in the city. I have the

BEST TRAINED HORSES, and the Gnen BUGGIES AND CARRIAGES

ha7gel areal^y^cas^nab" St'^k me~w,ll

.. find my fire-proof brick stable on excellent place

for se in?tor

keeping horses being in the {center

keeping

of the city, near the Cout House.

A Bus will be run to and from all

Railroad Train.

dec-j'tiOtt' I. C. MUTTON.

SIX GREAT REMEDIES

E S

STOMACH BITTERS

FOP.

Debility, t.o—of AppclUe, U'enkacu In. •lignllna, pr Dysprpitin, Want ts ncfion afflie Lirer qp Oi«- ??*.: nrrirrrri^fl launch.

There aro no bitters can compare with tho»« in removing coraplnints. Frr 5ale or can he had at any drugstore in the United Suites

JAMES IU'PIJDIjK .k CO., Proprietors, LmiUtville, Ky.

ToJns. Huddle Co., Lonisville. Ky.: (tenllcmen: This is tocertify that I lmvo boen for yean a sufferer and tried nil tho toaics 1 have heard I or seen advertised, with little or no relief from any of them. I heard Hurley's Itittors highly spoken of. and tried a bottle with little faith in it before I commoncod. and to my surpriso and I joy. beforo I finished one bottle, I felt a great deal better and firmly beloive that one or two I occasions i! was the means of savinjr and pro-

Ion iritis my lite. I conscientiously recommen-

ded them to all sufforcrs as tho-be«t Hitters known, and advise them alwnys to ask for Dr. y.

'°. and have no other. i"ou can use

this as you think proper, if it will benefit other*. 1

our? truly eto.

JOHN W. DIXON.

I l.omirilli-. ky. December. 1H. 1S6H.

.MOTHERS TAKE NOTICE.

DR. SEABROOK'S

Infant Soothing Syrup.

rse ill tile future-Illy SKAHKOOK S. ,v comiination quite up with the ndvnnccniont of tho ns. 1 leasant to take, harmless in its action,cfhc.ent and reliable in all cases. Invaluable in tho foilowinff (licenses:

M'' 1 IA III T11 111 BOW ItESTI VKNKSS

Thh riilNd. ,1c.

(live.- health tu child andtrest to the mother.

7'^ PABEMTS—I.ocisviM.K. OCT. "t IRTRI.—MESSRS AM AS IU BULK .tCo.—GentlemenWo hnvefor some time boon usine vour Dr SKABROOKS INFANT SOOTHING "SVIUIIana nave uivcn it a fair trial. For curing colic, removing pain, quieting restlessness, and rK leiving sick stomach, we have found it more eflicaeious than nil other remedies we have ever used. It is very pleasant to tho taste, while most remedies for colic, l*o,, are very nauseous. Another great merit that will commend Itsolf to all parents i^ the rntiro absence of tho stupi--fying effects on the thechild, so common in the use of Ic\vee Mixture and other preparation* wohaxe used for similar diseases. Ve most •vrdially recommend it toal! parents. .1. W MAN IS, Sheriff Jefferson CM,

Hurley's Ague Tonic.

^i» li'.ciilr -!Vi» .lli'icui).

phKFhrn.v i: aiAiii,K.

'I he only reinod.i for ('hills and Fevor, or Ajiue IIlid 1-cver. that is or can be depended upon is Hurley Ague Tonic. Thcro have been thou-' sands cured by usins itwho have tried the IMIIHI rcinedie- without benefit.

NEW AI.UAXV", INII,. Mny2S. IfGK

Me.-M- .I lilies Kuildle ,t CM..—Gents I win ulllieti'd with nguo for months, pcrhilpa for a year or in..,-e. MIKI.KV'S Ann: Tosirl ivns rceommendi'd to me by a Iriend. 1 got. a bottle immediately and commenced taking it. accordins: to directions and lmve not been troubled with a chill vinec. I am satisfied that if it bo taken aecordins to directions it will cure nny case r.f ngiin and cheerfully reeoinmenil.it to'ull FnHennir ivilh thisjlisense. nrs Trnlv.

VINCK.NT KIKK.

PUHIFY YOUR BLOOD.

Hurley's Sa rsa pari ll

.....AVI'l II IOIIIl!. Ol-- I'OT \SII.

I flfclioii* OF Ihe KUI:-4, HIitliiiuiil I Mt-bilil, of tho KiriI ncy«, i:rr«i|M-lia, Prmnlr li rrgularilirM. Fixluln, nil Nltin (ivcr Complaint, I Intli|(r«linia I»i|r«, I»nl»ion:iry llhrniica Nrro. ..... fiilii, or Kina'* Eril,

Mrpiiili*, .-

J.ORIRTVIM.B. April 4. 1?.V1.

Hniluj'i' S,ira-parilln is vrhnl it is represented, and I believe it the rno«t wonderful modicino before the public. Nothinir under tho heavoiiit could induce me to say so without proof of the Ftrnn£T0.-t and sure-t kind thorefore, I speak v. illimily and positively on tho fubject. •My dauithter has been afllieted with skin dissease and Htiflness .f thejoints for several years, I employed tho principi! physicians of tho city and tlieycciuld n.'. ou re hoi*. I cavo hor your harsnnni ilia not expecting it would do her much good, but to my great tntoni"hment she rapidly Kot well, ami thank God continues so. Had she been taking any inedieino I would not give thi4 certificate but your .Sarasparilla. tho only remedy employed, leaves no doubt of its medical qualities, a ud that it alone cured hor. (Signed,) IXKK KEVNOLDS.

Any person requiring tho truth and honesty of the statement, will find mo at my rcidence. corner Ninth and Walnut streets, I.ouisville, Ky'

HURLEY'S

i'OPIJLUt WORM CWIIV

•rn this L" really a *neoific for Worm',"and the best and most palatable form to give to children. it is not surprising that it it fast tnkine the pl.iee of all preparations for Worms—It bain: perfectly tasteless and anv child will tnke

I'ONTOTOC. .Miss., April 17. LIW.

Dr. Thomas A. Hurley, Louisville. Ky. Hear Sir:—I have recommended your "Vogatablo Worm Candy.'' and cordially endorse the assertion that it is the most effective, safe and pleasant specific I have ever used, Vour medicines arc all tho go in our town.—Can you furni.'h your IJxtract of Sarsaparilla by the gallon if fo at what price.

Verv truly your friend, K. 1\ HIHUi'.M.D.

DK. SEABROOK'S

lixir of Pyrophosphate of Iron and Calasava.

The elegant combination possesaei all the" TOKIC properties of IJoruvian Hark and Iron, without the disagreeable taste and bad ofTectii of either separately or in other preparation*, of these valuable medicincs. It should bo taken in all cases when a gentle tonic impression it required after convalescence from KEVEKS or debilitating diseases, or in those^distressing ircgularitie^ peculiar to^females. So female should bo without it if liable to such diseases, for nothing can well takoits place.

.TamfiS

VTFU:

GREAT CUAME I ^1000 P"

ACE.MS WA

rcar iuro

wade by

'^Agents, male or female, sell

ing OUr WOBLII-BESOWNED I'ATK.NT EVERLASTING WHITE WIKE CLOTHES LINES. Cheapest and best clothes lines in tho world only 3 cts per foot and will last a hundred years

?, ',

ed.. concludes this dismal I

3 0

7 5

..or 16 Dearborn $t., Chicaeo. IU.

Ruddle &

Co.,

l'KOPllIETOKS,

Laboratory No. 41, Bullitt Street,

IjOiiiMville, Ky.

AU the above tcoods for sale by

E. J. BINFORD & BRO.,

t'raw-fordsvttle, Ind.

Au{uil?l. JjGtf ly jt* -A