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

THE REVIEW!

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FHatlif Proaptljr and yeailj Eieratrd.

THE FINANCIAL POLICY OF THE ADMINISTRATION.

Monopoly aad Privilege vs. the Interest of the Laborer.

The

Fiction and Fraud

the Creation or

The Public Debt.

Plans

for the Payment of The Debt.

Speech pr Hon. S. W. Voorliecs in liic United* States House of Beprcsrntatlvei, January 2-S, 18*0.

Mr. Chairman, now that the conflict between the sons of Massachu•etts is suspended, and each party is resting to recruit his forces now that th* Administration has been proven a delinquent in its use of the public money by the chairman of appropriate tions, (Mr. Dawes,) and has been defended with a magnanimity and oblivion of past injuries which has no Ms 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 on the opposite fide of the Chamber, I arise to ask the indulgence of the House while

demonstrate that the wrongs and oppressions of tho people have a longer growth and more giant proportions by far than even those which this striking and remarkable debate has diselosed.

The interest now felt in the public mind upon the subject of our financial policy is doep and universal. All classes are bending their thoughts towards this great theme. It awakens a solicitude as widespread as the wiuds and as all-pervading as the light that breaks with the opening of' the day. The people of every grade and condition arc impelled by the strongest of all human inducements to give eager heed to the actions of this Government on the subject of its revenues.

But while this question thus prcsents a common ccntcr, 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 approached and considered :ire widely separated, and stand apart like 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, and with painful anxiety pray for relief against the further operations of a system of appalling injustice and

crushing monopoly. The owners of idle capital, the favorites of fortune and of spccial legislation, who like lilies toil not and yet surpass kings in the splendor of their habits ami luxuries, occupy tho other posithj-u, and invoke the powers of the Government to make no change, to continue forever tho enchantment of their f'ea-t lor which others pay. The farmer, who forces the bosom of the earth to yield its annual products for the support of men and nations the niachanie, who increases the value of things by his skillful industry the toilers of (he land nud of the sea. in whatever avo cation the gifts and bounties of nature are extracted by human labor, discover in the present policy of this Government toward themselves, their classes,

and their posterity after thein. nothing

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

scuro his visiou ot justice on earth and

to darken his hopes of heaven hereafter, beholds nothing iu our revenue laws in regard to his interests except emoluments, richness, and careful exemptions.

Sir, of these two opposing classes range myself with the most friendless in this body, in whose behalf a voice hero speaking plainly the iruth is but seldom now heard. Mouopoly nnd privilege have clamored in high and imperious toues iu these halls for years. They have secured a lodgement beyond the reach of the humble nud the poor. Their advocates ou this floor •re numerous and able. They listen with impatience to contradiction, and

thehdods of

known in

legislation,

tive, and in

of th«

.. years from date. The

American legislation in now enacted, is -i

ali others which upholds the entire when it falls due. The account, therepolitical and social structure. From fore, in 1S62, stands as follows his hard h'ands flow those constant riv- Amocat of bonds "old $eo,9?2.459 ulets which feed Ad swell the illimit- Amonnt paid for taem

able ocean ot our revenues. Delega- Amount of' bonus, clear cain to ^e

to meet the exactions of the tax gath-

crer, while those whose bauds arc un-

stained with labor and whose lives are

of private cains and individual mo nopolies. In the absence of the laborer I propoe to d-iy to speak for his welfare and to the best of my abilities uphold his causc.

Sir. in examining the financial policy which is now proclaimed by the administration in power, the history of the creation of our national debt, the Public

which it was formed, be-

comes a primary and important subject, of investigation. It had its origin in the midst of the convulsions of war. The contract for its payment was tnadc when the sword impended with bloody menance over the exis tence of the Government. It was negotiated when the sounds of battle along a thousand miles of dividing and ensanguined borders were in our ears. 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 untramincled 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. W 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 chesc circumstances fa vorablc to a just and equitable negotiation 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 poveity or peril drive men or Governments intc 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 tlicy became borrowers and tendered their bonds for the 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 the annals of civilized nations. They drove the hardest bargain ever known betwecu which

was gauged according as it was idvaueed full high in the hour of vietory, or born- back in gloom upon the ebbing tide of defeat. And disaster brought them the richest banquets. The clouds that so often filled our sky with darkness were to thorn relieved by a golden lining. Speculation hovered over the fate of our armies and fattened like the vulture upou the unburied dead of lost and stricked fields, Death and the sordid greed of gain held high carnival together, and minI istered to each other's ferocious and insatiate lusts and appetites from the I opening to the close of the dreadful

conflict. I stand prepared to sustain these statements. I am fully aware of! '"pJ

my responsibility in making them, but

knowing, as 1 do, the fact as recorded

1 1

vigilant, and his face may be seeu in

archives ot he Government.

I here solemnly assert, and shall prove, that a vast proportion of the public debt, as it is stated upou paper, has no existence whatever in reality that it is a fiction created by unjust and scan dalons legislation, or the still more unjust and scandalous perversion of the

true contract: that it is a fraud fast-

cued upou the labor of the uation uttcrly without consideration, cither legal or moral that it is a sheer and naked extortiou from the wants, the necessities, the helplessness of the people and the armies when they were wholly at the merey of capital. I have made my calculations, and made them safely. I have underestimated the wrongs of the people and the enormous advantages of the bondholder, rather than ovsrestimatcd them. I desire those who receive my statements as authority, to feel amply secure from successful contradiction. I wish to cuable them to challenge denial everywhere, as I do here.

The first step in the creation of the

the precincts of national tion, as now construed, stops not he're.

at the ear of the Execn- On this bonus, not one dollar of which

the long and busy aisles

Departments Why are his

plain clothes never

seen amid the

throng which surrounds

this capitol He

and invades

tho

power above

q' .j

L. price

tr t. 3 of gold at tbat time, as given by high ditional sum of !),146,la0 were Always here. He has the time and the authority, was 13i?J 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 est at the seat of Government. He is

banks, and manufactories, and wher- this shall be done the bondholder in sum of S12,S75,772, and by eT«r he treads monopoly lifts up its this comparatively small transaction existing financial system they will be ogly crest and

mocks the people with will receivo 810,951,S01 more than he called upon to pay 372,902,708 more t! the special favors it has received at paid to the Government. This is a bo-

Congress. nus, a gift, absolutely so much out of Why comes not the farmer here? the pockets of the taxpayers for nothWhy is his honest, sunburnt face un- ing at all in return. But the obli«»a-

the Government ever received, interest has already been paid to the amount of «C,102,654 and the interest yet to acrue on this fictitious claim will reach the sum of $14,239,526,

44,030.649

~i „e bondholder lG.&jl.eOl

tlOllS crowd the Official chambers Ot Interest already paid on bonus 6 102,654 Interest yet to be paid on bonus

14.239.KG

1 3 0 a

0 a

given to sumptuous ease, shape the leg- obtained the obligations of the Gov-

investment

During the year 1803 the records show that the Government issued its bonds again to the amonut of SI GO,|987,550. Estimating the price of gold at 158 in currency, which will be I found too low iustcad of too high, it will be seen that those who bought this issue of bonds paid to the Goveminent only the sum of 8101,890,-

S54, being the vast sum of S59,09G,G9G 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—ihe 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 fiftynine 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 money never received, and which the people do not owe. The amor.nt 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 bonus itself being placed in the face of the bonds without consideration, all interest arising from it is likewiso a spurious extortiou. The transactions of 18G3, then, sum up in the following striking light: Amount of bonds issueJ SlG0.9d7.5jrt Amount paid for them 101,890,851

Amount of bonus 59,090,090 Interest already paid on bonus 17,729,010 Interest yet to be paid on bonus 53,187.030

Amount paid and yet duo tho bondholders for which ho has paid nothing at all $ 130,012,7HG

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 ouc ccnt of which did he ever advancc or expend in their behalf. He paid into the Treasury one huudrcd and one millions and a fraction over, as I have shown. This he of course receives back again with its six per cent, interest, but the unbearable injustice lies in the additional 8^0,000,000 the bonus and the

citizens and the Gavernmeut interest thereon, all of which is someprotected then'.. They traded thing for nothing. i|.

with less conscience upon the fluctua- I' t'

1 2

Figures arc the faithful witnesses of truth, and I submit them here to reveal oppression aud produce reform and justice. On no other subject did ik with a more potent other age did they ever bring to light a blacker phase of the avaricous nature of man. Nearly two hundred millions are shown to be an I gratuity, and the interest which up to this time has been rung from tax-pay-ers aud applied upon this enormous donation to avarice, reaches the sum of 8-15.982,708. The usury yet to be paid upon it as iuterest on money never received by the Government amounts to 8183,930,832. The result of financial operations in 1861, therefore, stands as follows

1 1 1 1

Amount of l.onds issued .. .$331.293.*230 Amount paid for them l.^J,09S,C3G

Amount of bonus $191,594,614 Interest already paid on bonus 45.9S2.70S Interest yet to be paid on bonus 1S3.930.832

Amount paid and yet to be paid for which nothing was ever received by tho liovernment

present interest bearing bouded debt question. I shall run a dividing line

was taken by the Government in 1S62.

attempt to drown the authority of In that year there wcro issued bonds reason by the force of worn out epi- amounting to $60,982,-150, bearing six thetfi. Tho capitalist, for whom j? ^erest, and due in twenty

In the year 1SG5 bonds for the ad-

,...

of over sixty millions of bonds For them the traders in Government

|j^.030,649 in gold, securities paid 20S,214,090, realizing

It is now demanded that tuey shall be as a bonus in the transaction, the sum

til the corridors of the Capitol. He paid in gold at their face, and not ac- of 871,532,060. The people have comes armed with the powers of bonds, cording to their consideration. If paid as an interest on this bonus the

appear thus:

little over forty-four million dol-

islation of the country for the purpose ^„j over~thirtv seven million il"

laboring masses of this

tin- fortunes of the flng than auy land arc willing to endure such a sysotlier class of beings that ever drew tem of wrong, of plunder, and of breath beneath its folds. Their keeneyed cupidity kept, watch upon the imperiled standard of their country, and the measures of their exactions

wickedness, then indeed may they well crouch down, like Issachar of old, between heavy burdens aud at the bidding of privileged masters.

In 1864 there was issued 8381,292.250 worth of bonds, 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 bondholders for the advancement aud loan of something one huudrcd and eighty nine millions was the fearful bonus of 8191.594,614.

A a id

8GtS

mm WEEKLY REVI15W—CRAWFORDSVILLE, INDIANA, SATURDAY, MARCH 5, 1870.

Interest already paid on bonus,

dollars, not one dollar of which ever: Interest yet to be paid on lonu=

left their coffers or ever found its way .vmonnt paid and yet to be paid on I

into the vaults of the Treasury 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 realit I. shall draw its startling outlines so that all men may hereafter behold it and know their rights.

Bonus and interest on live per cent

£4 Jl.303,151

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

between the sound and the unsound, that an honest people may sec plainly their duty to themselves aud their posterity.

the

Amount of bonds issued 5279.746,130 Amount paid for them 20tf,214.09}

Amount of bonus 71,532,060 Interest already paid on bonus 12,1773.773 Interest yet to bo paid on bonus 72.9G3.70S

the (government in behalf of every Interest yet to be paid on banns .14^39^36 bonds have received as interest on The pampered and lawless tyrants of the pockets of the bondholder. But. traded from the labor of this country ioo oo human enterprise except that which is Amount paid and yet due the bond- this bonus S4.358.71fi. They are yet Asia, Africa and Europe, have seized was greed and cunning and maliguant! during the year ending the 30th of 3T 30 greatest of all, the cause of labor. 5 ccn*r..^r..r.^l?^^.!1.e.r?y..1?t!f..$3T.ffl3,M] to receive as interest on the same the fruits of toil, the painful and pre- avarice content with this stupendous June, 1SG9, according to the report "o

The farmer and mechanic toiT at home Thus it will be seen beyond cavil 639,223.444. The following calcula- eious and painfull earnings of vigilant plunder? Did shame, or remorse, or of the Secretary of the Treasury, the

4.35P.716 39.22S.444

8421,409,550 were issued. With gold quoted at an average of 139 the purchasers of these bonds paid for them 8303,215,503, making thereby 8118,254,047 as clear profit in the opperation. They have collected as on this profit, or bouus 87,095,243. theme of eulog}. Ilia praise The amount to be paid on the same as swarmed upon partisan lips, ihe air futur will be an acco

:4Si

Amount of bonds .=ued Amount paid for them

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

469 55o ^erc

Amount paid and yet to be paid as bonu3 and interest on bonus (clear gain to the bondholder) 52C0,15S,*J0ti

The issue of 186S reached the sura of S425,443,800. The estimated price of gold being 13G, those who bought these bonds paid 8312,820,323 realiz ing as a bonus 8112,017,477. Their receipt of one year's interest on this bonus is 8G,757,048, while there remains to be collected between this time and the maturity of these bonds the further sum of 8128,383,932 as usury, or interest upon nothing ever received by the Government.

ACCor.vT rou 1S63. 3

Amount of bonds issued ."..§423,443,600 Amount paid for them 312,82G,323

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

... 112.617.477 ... 0,757.018 ... 128 3?3,932

Anoutit of bonus and interest on bonus paid and to be paid entirely destitute of consideration 5247,75S,4.'i(

All the bonds which I have thus far considered bear six per cent, interest. During the years, however, of 18G4, 1865, 1866, 1SG7, and 1868 there were issued five per cent, bonds amounting in all to the sum of $1 139,550, 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 amounts to 872.182,140. The interest thus far received on this fictitious 872,000,000 and upward is 811.679.29G. That which remains to be received in the future on the same fraudulent basis will reach 8132,084,958. The transactions of those five years in five per cent bonds may be stated in a condensed form thus Amount of bonds issued 1195.13St,5j0 Amount paid for thorn 122,U5i,410

Amount of bonus Interest paid on bonus 11.09.«J^ Interest yet to bo paid on bonus ]32,(k.4,9oo

Amount of bonus and interest on bonus paid and to be paid for which the bondholder never {nid^ iidollar

Sir, allow me uow to recapitulate and piace in a compact and distinct, form the aggregate of the obligations, the bonds which were given as a bouus, as a bare gratuity, to the re'.uetaut aud unpatriotic capitalists of the country in order to wiu their support when our ueed was the sorest. Allow me to array together the items of an appalling account now in the hands of the tax gatherer for collection, every farthing of which is a mere fabrication 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 amount of tho peoples obligations which the bondholders obtained in the creation of the national debt each year for nothing—absolutely nothiug. 18G2 1803

3 37.293.931

... 130,012,73G 421:508,154 157,370.540 75,909,737 200,158,907

21t5.5-lG.nttl

a distressed and struggling country. I invoke scrutiny upon my statements, aud shall at all times defend their substantial correctness.

But in this connection, let us recapitulate also upon another point. 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

1303 '....

S -I4.030.W9 101.890.854 139,697,63C 203.214,090 33,591,773 303.215,503 312.S-M.3-23

122.957.410

Amount paid for the five per ccnt.

Total Compare this amount of 31,471,424,23S, which the Government did receive, with the amount for which our bonds are outstanding, which the Government did not receive, nnd we find the following result: Amount of debt which has no consideration S 1.550.553.956 Amount which was paid for 1.371.454.23S

Excess of bonus and usury over the actucldebt $179,134,713

Sir, who has known the parallel to

for comparisons to this mon3trou3 op- gfve

pression? In what realm or land, g'

by the time these bonds mature. Tho gains of this year to the bondholder what baleful sky, in what other quar- j's ter of the earth has such an awful visi tation fallen upon human labor

ABO tnt_paid and yet to be paid wuichis without any considerations^,370,540 and infernal aspect as now towers up giant injustice which I have thus far In 18C6 with the price of gold at in our midst and darkens the homes exposed has its final and fitting climax. 81 41 currency, the Government sold of the people with its cruel and cease- I have shown the enormous epetula-

a'r

If the sons of toil and moderate means could afford their lives aud the widowhood and orphanage of their homes for the supremacy of the L'nion, how much more could the masters of wealth afford to divide their substance and give of their abundance in the same great cause! The duty of the! citizen is iu proportion to the protcc

Total Sl..M0.55S.a-.« Here stands, then, this stupendous total of 81.")50,55S,05G, which the party uow iu power says the people I shall pay under iuexorable penalties, not one cent of which have proven ever left the coffers of the speculator or louud its way inio the lieasui) of. laborer, who has little

tion which he receives. The capitalist

has the benefit of Government more

Hearts bounding with warm affections and brains filled with visions of pcaceful and happy years sprang up from I every little spot, far away up in the

this in the history of constitutional dark pines of Maine to the far off tery on the hill his unburied remains

Governments? Where shall we "look mouth of the Columbia River, and are made to pay tribute for the brief!

received SS8,591,773. The bonus, restrained by law have robbed their bonds, a clear profit of over fifteen privilege of keeping watch, as a loving hundred millions. I have demon- memorial over the dust that reposes

of human conduct, was a pretension more false. Xever was a base assumption more utterly crushed by the undeniable facts of history. That beautiful 'love of country, that sublime devotion to her institutions which constitutes bulwarks of national defense more powerful than iron, brass or stone, was not an inmate of his breast. It electrified nil hearts but his. It euobled 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 son and the brother

tercd the patriotic will, the draft, the unrelenting draft, replenished the ranks of war and listened to no bargains in behalf of the hearthstone^ which it made desolute forever.*

But while the soldier stood on the outermost brink of danger, while he walked on the perilous ridge of battle, the men cf many millions parted not with one dollar with which to pay and feed him at his post of death until their remorseless terms were complied with. Money was uo volunteer,

tion and a sacrifice in this land more universal and unselfish than ever before illuminated the fyages of time, and its metallic heart alone remained cold aud unmoved under the heat of tho fiery blaze. While the armies moved on, and the lamps of dear and valua bie lives went out on the ghastly field and in the hushed stillues of the hospital, almost like'the innumerable stars fading away at dawn iu the sky, the spirit of Maminou, the least ercct of all

be found correct for this daily labor, and wasted them in palaces honor, or forbearance seize the obdu- sum of S366,923,402 for the support

f5 in national bonds Amount of.bonds issued .Si24.Qi^.-Kib The millions under imperial sway its career of merciless exactions Did further enrichment of a frightful mon-

a 0

They were taken and the bro- }j

governed by written law, will the ex- kers of the nation credit was left, ctiffin and the screws, aud the screwplorer of other countries and other The throbbing pulse is still aud the which fastens down the lid over ages find such a wholesale and Eagi- bright eye is dark but above and jj still, cold face, have all paid taxes tious plunder of the people as here around the graves of heroes who died which new fall on the earnings of the stands naked and confessed Under

from the hallowed blood

shed.

Where else than in this land of pro fessed equality has wealth ever com- feature in the creation of the national mitted a crime against industry and debt which demands consideration in and liberty of such huge proportions this connection. The system of fla

Kings, it is true, un- I tion made in the purchase of the drama by paying a heavy tax for tits I E. J.

8124,914.400 of its bond?, for Y7hicb less demands? it received SS8,591,773. The bonus, restrained by or the difference between the face of subjects. Despots who rule by prethe bonds ami the price which they rogative, have torn away the substance strated that this vast sum is absolutely belnw brought in the market in tkis instance of their unfortunate serfs and lavished so much out of the pockets of the In this terrible minute, and univer- CI (rRpA'T RI? Hf F)1 Si was S36,322.f27. The holders of the it upon the favorites of the throne, people for nothing ever paid out of sal manner of visitation there was ex-

revelry and endless indulgence, rate heart of capital and arrest it in of the Federal Government and the

hare been trodden down, beggared the nature of Shylock relent or the opoly. The heavy load of State,

servitude by the unbrid- 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- two fold in the Venetian court? Not uphold the thirty seven local govern

bonus "and interest on bonus for trated and influenced by the popular so. There was one more blow to be ments into which this Union is ditidanythin ^."." ."°. where the voice of the people struck at the victim, there was one cd. and the still smaller corporations In 1867 bonds for the va^t sum of was permitted to create their laws, has more stah to be inflicted upon the of cities aud counties and corporations

ever before in the annal of the human helpless cause of labor. The usurer

^i* demands of

to be guarded by the law. To the bondholder much had been given. The Government in its prosperity had fostered him with its blessings he had bccome by its nurture as one of the princes of the earth iu affluence and splendor, and over all his gaius and accumlations the government held a sleepless guardianship, and assured him the enjoyment of his wealth in safety. But when the deadly peril of

dissolution came upon us uo sentiment face turned upward towards the flowers of gratitude to that Government, no

generous hand or just recognition of

its protecting hand animated the hard

it than to any other interest. They

1.371,424.233 pended upon the patriotism of others

to a in a in a at

race such a giant extortion been fast- with all his gains, his bouus. and his people the additional sum of 8250,ened like a vampire of death on the usuries, still witheld his money from 000,000 per annum. Thus for each resources of a nation. the aid of lib Government until its seed-time and harvest of the revolving

Sir, we have heard the patriotism bonds were placed in his hands as so year the toiling men and women of

They have collected as interest capitalists made the eloquent much property exempt by law from this Republic pour into the coffersi of ^ireToranVtriedaU 'tho'tonics Veard have vast agsrre^ate of 8G1(,-

taxation. The advautage which he took of the necessities of theGovern-

Pu^^c benefac- their other injuries in this connection

303/215,'503 tor. He assumes a loftier port than that it is difficult to speak of it iu ji8.254.oiT the heroes of the war, and demands terms of moderation. It is a crying, ls+'ioi'eiT Pa yment for what he has done, as a first burning infamy. Taxation stalks up mortgage on all the chattels, land and I and down all the land with hungry, labor of the nation. Never since the ravishing strides, like some famished birth of time, in the whole wide range beast of prey, and commits its ravages

on every substance save that which is richest. It pursues every footstep and haunts all the ways and wants of the people. It knews no-sleep nor rest from weariness or surfeit. Its hard, tithing hand is laid on every moment of life's journey, from the cradle of the children born to toil and of toiling parents to their graves in the closiug twilight of old age. There is no sign ou the door posts of the poor to guard away the ancre! of' exortiou from their homes.

The tax gatherer is as ever present as the breath of the pestilence when cities and nations wail its stroke." He goes with the husbandman to the

in the brightness of youth, took his counter of the merchant, and there last farewell of fainting kindred the gathers in for the bondholder on every armies were filled with ardent, hopeful purchase made for the necessities of a lives as food for the leaden hail, the family. The shirtings, the flannels, bayonet and the grave. Flesh and the calicoes, the muslins, the delaines, blood volunteered or if the precious the bonnets, the hose, the cassimercs, rpiiK .-.nn would respectfully inform the ties ot lioiuc and loved ones ovcrmas- the cassinetts*. the boots, the shoes, the

in their price for the consumer finally to pay. The collector of revenue walks by the side of the farmer in his daily labor, and reaps a golden income for the holders of a spurious debt from the plowshare, the hoe, the sickle, the I scythe, the reaping machine, aud the mower, the wrought-irou finish of the

nor did the fatal wheel of conscription wagon, the chains, the clasps, the wrench it from the hands of its sordid buckles, and the bridle-bits ot barmasters. Tt heard the beseeching ness, the iron teeth of the harrow, the voice of the Government with a dull, many lined forns, the grain shoveis, indifferent car. It laid still in its and the shoes on the horses' feet. Hi: vaults and dens watching for its prey I S snop of the mechanic aud its profits. It witnessed a dovo and puts a twofold tariff price on tho

saws, the augers, the knives, the plaucs, the auvils, the hammers, the tongs, and a»l the utensils of those who work in wood, brass and iron. He sits down at meal time with the laborer at his table and points out to him that his knife and fork and his unpretending plates have cost him double because of the bondholder's demands upou them before they came into use. The coffee, aud f-ugar, and tea at this frugal board have paid their tweuty-fivc to

that fell from Heaven, crouched in the I fifty per cent, to the Government, and rear and pursued his calling and drove the very salt that savors the bread ami his fell contracts. He brooded over his meat of the people, and the coal which treasures until the calamities of life, warms their humble abodes arc enof homes, aud of families, swollcd hauced iu then- prices by the present them into twofold proportions. In system of tariff taxation from one the midst of the mighty throngs, such hundred and twenty-five per cent, over as the eye of man hath not seen in all their real intrinsic value. Water it the ages that arc gone in the shadowy self, the flowing fountains of life withpast, pressing forward to save the cmblcms aud the unity of tha" Hepublic, he was doling out to them as they pass-

cd into the tempest one dollar, and extorting their obligation for more than two.

out which human nature sinks aud 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 the springs, aud the cups from which thirst is at last quenched, all stand their levy of an exorbitant per ccnt. Xor is this insatiable system any respecter of persons after it leaves and passes by the proud, tile rich, and the exalted. The soldier who has left an arm on the field of' battle has no cxemptiou in bo half of tho labor of the hand which remains, ft toils as bcit it can to be the tax-

er, whiiC the other lies perishing

in the grouud far away where swept

the stormy and headlong charge under 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 sacrifice of him who made life warm and I beautiful to her, but who uow sleeps in same distant spot witli his cherished

'doom over him. Tne child bc-

fathers guiding and ,-natain-

a 1 a a

and bitter selfishness of hoarded cap- fiuds no privilege foi it. earnings and ital. It relied upon the people to up- possessions against the gra^p of taxah"ld a cause of more absolute value to

tl0n

who now hold our bonds not onlv de- journey of life upon one leg, pays tribute to the Government and to the owner of exempted bonds on the very crutches which bear him in pain along our streets.

the Republic under whose care they had waxed so fat aud strong, but they turned the great and sacred occasion to traffic and multiplied their possessions, Neither the money nor the moneyI changers came forth to the conflict,

k° veteran of the entire con-

returned to finish the

And when the citizen of this iligoverucd land, whether he has been a soldier in the field or a laborer at

home, passes away from this scene of treadmill slavery he invokes in vain the shelter of the tomb. Between the chambcr that was darkened for the

ll that God enabled them to passage. The snowy shroud that cov- BUGGIES "aNIJ ^CARRIAGES

^d not for gain, speculation within. And whci* all is over, busy, reaping its double harvest

a 3

which they

forever in his dark and narrow bed, the officer of the revnue still plies

But, Mr. Chairman, there is another his trade in the midst of the broken

household. The letters of administration, the bond, the inventory, the bill of sale, the report, all pay toll to privileged wealth, as the estate proceeds to final settlement. The tombstone, if one is raised, concludes this dismal

under them, is costing the American

taxation the 923,402.

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 upon a plain that no people beneath the circle of the sun, between the two poles of this fertile globe, are taxed so deeply upon the earnings of their

humble'and obscure hands as this people whoso representa tives we arc. The official statistics of the five great powers of Kurope and of ail the withered and ancient roalms of Asia and Kgypt bear constant wit-

(on Fusl Pdifr.)

GROCERIES.

BECK & JOHNSON

Groceries & Provisions

C'unitv r./'

buttons, the thread, the needles, the J^lL'know'nLylin !t Son cr. pins, the hooks and eyes, aud the eye f""«d a lar^ea^ortinent otIets. have all beeu taxed from forty to two hundred per cent. and the! amount paid upon them has been put

(!n Strrst*

^rawfordsville.' Indiana.

J-

fcitizcns uf Montgomery county that thry

Coei'ec,

Tea,

Sugar

roce ry establishment r.v. wlicrewill lo

Fish,

*JMolesses,

Spices,

Wooden e,

Vrockery,

"Dotsit fl -UH

Tobacco,

I'll the •service's! of Mr. llonry salesman, so well known to

We lia rotifi Sloan, the pr ill :i

tho public, and shall bo pleased to receive calls fiiii.'i all the old friond-'ol the former firm.

We shall pay the hiy'ics! I time* for

O E

O E I E S

At the lowest figures.

IJl-XIv .t .JOHNSON.

MACHINERY.

McGKATI! A' i.'o.

MACHINISTS,

Manufacturers of Corn Shellcrs. ilor-c Powers, Drag .Saws, SugarMills, Sugar Kettles-. Castings,

Castings and Machinery of every description. A I.SO. SicfclralhN Improved

THIMBLE SKEINS,

[Patented Janunry ~'i. I-GS.

a 1 3

('an fi'iii 011/ rpair Wml: ,'u a

Jr\r /l 11 '/•..

Mioji on :i!l St.. Miuili

DRUGS.

Chemicals

Oils, Dy

Toilet & Fancy

ARTICLES, Cigars & Tobacco,

OF Tin-: '/xkt qtalitv

*AI,I, and see us, Kschansje liluck Main street. 1 Door est Corner Hook Store. jun'23'GCwet T. \V. FRY & CO.

LIVERY.

LI E SALE & FEED STABLE

I would ri jpeclfuliy announce that I am now prepared to accommodate the publico with th

Closing moments and the fjuiet ceme- best outfit in the way of liv-ry teams t" b'* found

1 a

BEST TRAINED HORSES,

his long sleep, aud the I Charges are always reasonable.

poffin and the serpwa and the screw-

find my

And whet* all is

away and leave him

and friends turn away and lca\.

BINFOBD A BRO.'S COL.

THE

a.-,:.

I»r Kramblf

House,

LaFayettc, Lid.

:Y CO,

I in j-t •!-n'

:'UgS,

Paints,

Stock menj will

fre"Pro°f

coinn ana tne screw., ana tne screw- f0P ,cningor keepim horses being in thefcenter

stablean excellent place

of the city, near the Cout House.

A Bus will be run to and from all

Railroad Train.

dec-.'jVjf. I. C. MUTTON.

GUEAT CIIA.ME I AGENTS WANTED I 81000

a a

Agents, male or female, sell

ing our

WORLD-KENOWVKP 1'aTKNT RV--

ehxastixo White Wire. Clothes Lines.

Cheapest and best clothes

lines in tho world: only 3 ets per foot and will last a hundred years-—Ad-

dress the Htrnso.s

River Wire Co., 75

PRINTING

Win. 1st..

N. Y.,or 18 Dearborn St., Chicago, 111. febli w4

of all de»oription« neatly done at

lb» Review Job Offiae.

I LilllJ O

E S

STOMACH BITTERS

kui:

Drbilily, l.o»» of Appetite, U'cnkacu

Ik.

illgnlina, or Drupe pain, ll'mi of nction of the I.lrep or DharitrmCSMaatli.

1 hrru *iro no bitters can cimpurt! with the"? in removing complaint*. For *ale or can be had at any ilrne.«toro in the I'nited States.

JAMES RCDDOLE Jk CO., I'roprietors, Louisville, Ky.

To .lit*._ Huddle Co., Lonisville. Ky.: Oentlc-

or seen advertised, with little or no relief from any of them. I heard Ilurley'a Bitters hishly spoken of. nnd tried bottle with littlo faith in it before I commenced, and to my furpriso nnd before I finished one bottle, I felt a great better nnd firmly bcleivc that one or two occasions it was the means of savins and proins my lito. I conscientiously recommonthem to all sufferers as the best. Hitters known, and advise them always to ask for lr. f. A. Hurley's and havo no other. Voncan use this as you think proper, if it will benefit others, ours trulv etc.

JOHN \V. DIXON.

Louisville. Ky.: December. 10.1S6S.

MOTHKKS TAKE NOTICK.

DR. SEABROOK'S

Infant Soothing Syrup.

.r-e in ihe future willy SKAHKOOK'S. a combination quite up with tho advancement of the ace. 1 leasant to take, harmless in its action, efficient and reliable in all cases. Invaluable in the |o||nwin:rdiseases:

T1 J. 1 Kill- (u A inr 11: IHI'. HOW I'.LS. UKSTIVKNKSS

TKKTIMNC.

flai health to child andjrest to the mother. .-7!^ Lofisvn.i.u.

WW.—Messbs.James Kcdulk

remedies without benefit. New Ai.ii.vnv.

49'c.. *%'c.

Hurley's Sa

Oct. 3

ACo.—Ocntlomen:

nnvofnr somo timo boon usinc your Pr Si: A BROOKS INFANT SOOTHING SYRUP, ana have (jivcn it a fair trial. For curing colic, removing pain, quieting restlessness, anil releivinir sick stomach, wo havo found it more efticncimis than all other remedies ^wc havo ever used. It is very pleasant to tho tasto. while most remedies for colic, Ao., aro very naoaeoui. Anothergrent merit that will commend itself to all parents tho entiro absence of tho atupifyin? effoetson the thechild. so common in (ho use ot Dcwoe'd Mixture and other preparation* wo have used for similnr diseases, wc mm! rordinlly p'cornmond it toal! parents.

J. W DAN IS, Sheriff Jefl'prson oo.

Hurley's Ague Tonic.

.\ii li-M-iilr .Tlei-eui).

I'KIM-KCTl.V REIJAHI-K.

The only remedy for (.'hills anil Kevor, or Ague niol 1 ever. that, in or can bo depended upon is Hurley's Aiiuo Tonie. Thcrs havo been thousands cure.I by using it who have tried the

iuiihI

I.sn.. May-M,

Me^sr*' .lames Ruddle eo.,—flents I was afilieteil with nirue fur months, perhaps for a year or more. llnn.Kv's Acick TonicI was recommended to ms by a Iriend. 1 (jot. a bottle immediately nnd commenced taking it accordins to directions, nrid have not- been troubled with a chill since, am satisfied that if it bo taken according to directions it. will cure any ease of acne-iiid cheerfully recommend,it to'all Fiifferini: -.villi this disease. ur? Trulv.

VI NCKNT KIltK.

PURIFY YOUR BLOOD.

a pa

11 ii io1111!•

potash.

A (I'cclioii* il.c Ilnbitiinl Co«llv« Debilit, Uivi'iixcs

the Kld-

ICrynijwIia, Frmnlr

lrr'{[ulnritir«, Fintuln, nil Nkin ni~e:i«r«, I,iver f'omplnint, Iniliiftvitinn IMIra, I»nlmnniirr Mcro.

'"iiIn,

or King'* Rril, Mypiiili.,

I.ot i.-tnu.i:. April 4, IP.VJ.

i-l try Saraiparilla is what it is represented, and I believe it the innvt wonderful inodicino before the public. Nothintr under the heavens could induce me to say so without proof of tho Btronife.-t and

rest kind: therefore, I speak

willinifly and positively on thnsubject. My daughter has been afilietod with skin disseii- and -itiflncis of the joints for several years, I employed lie prinoipii physicians of tho city and tlsey could not cure her. I cave her your Sarsaii.n-illa not expecting it would do her much good, but to mv (treat astonishment she rapidly itot well, and thank (iod continues so. Had she bcc-n taking any medicine I would not eivo this certificate but your .Sarasparilla. tho only remedy employed, leaves no doubt of its medical qualities, and tlm tit alone cured her. (Signed.) IXKK KKVNOLDS.

Any person requiring tho truth and honesty of the statement, will find me at my residence, corner Ninth and Walnut streets, Louisville, Ky.

HURLEY'S

I'Ol'lX tfi WORM CWliv

tins is really a 'neeitic for Worm', and the best and most palatable form to give to children, it is not surprising that it is fast taking the place of all preparations for Worms—It being perfectly ta«tclcss and any child will tnke

I'fxTOTOC, Miss., April 17, IPtr.

I'r. 'J hoina- A. Hurley. Louisville. Ky. Itear.^iir:— I have recommended your "V'ci ataldo Worm Candy." and cordially endorse tho assertion that it is the most offectivn. safe and pleasant specific I have ever used. Your medicines arc all the eo in our town.—Can you furnish your Kxtract of Sarsaparilla by the galloD it so at what price.

Verv tru'y your friend, K. l'.HIHBi'.M.D.

DR. SEABROOK'S

E ix a I nnd Ciilnsava.

The elegant combination possesses all the TON'IC properties Of Peruvian Hark and Iron, without the disagreeable taste and bad effects of either separately or in other preparation!, of these valuable medicines. It should bo takon in all eases when a gentle tonic impression is re--quired after convalescence from rKveiui or dobilitatingdiscases. or in those distressing iregularlties peculiar to females. No female should b» without it if liable to such diseases, for nothing can well take its place.

James

Co.,

Ruddle &

PROPRIETORS,

Laboratory No. 41, Bullitt Street,

Kouisvillo. My.

All the above goods for sale by

E. J[. BINFORD& BRO.,

CrawfordsvUle, Inil.

AujUit ?1, IsGIt ly