At that time and long after the war "coin" commanded a premium; that is, it took more than 100 cents in paper money to buy 100 cents in gold. Anybody who owned a bond could therefore sell the coin he received as interest for paper and so increase the rate of interest measured in paper money. The bonds, again, could not be taxed by any state or municipality. Because of these facts, there arose a demand after the war for two things--taxation of the bonds and payment of the 5-20's in greenbacks. This idea was so prevalent in Ohio in 1868 that it was called the "Ohio idea," and its supporters were called "Greenbackers." %498. Opposition to Land Grants to Railroads.%--Much fault was now found with Congress for giving away such great tracts of the public domain. In 1862 a law known as the Homestead Act was passed. By it a farm of 80 or 160 acres was to be given to any head of a family, or any person twenty-one years old, who was a citizen of the United States or, being foreign born, had declared an intention to become a citizen, provided he or she lived on the farm and cultivated it for five years. Under this great and generous law 103,000 entries for 12,000,000 acres were made between 1863 and 1870. This showed that the people wanted land and was one reason why it should not be given to corporations. %499. The Election of 1868.%--The questions discussed above (pp. 437-439) became the political issues of 1868. The Republicans nominated Grant and Schuyler Colfax and declared for the payment of all bonds in coin; for a reduction of the national debt and the rate of interest; and for the encouragement of immigration. The Democrats nominated Horatio Seymour and Francis P. Blair, and demanded amnesty; rapid payment of the debt; "one currency for the government, and the people, the laborer, and the office holder"; the taxation of government bonds; and no land grants for public improvements. The popular vote was 5,700,000. In the electoral college Grant had 214 votes, and Seymour 80.