The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1848-05-06
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JOB PRINTING

executed at the office ofths Spirit Of Democracy;
4 and at reasonable prices. 10
cret, to the enemy, vet still it termina-
ted triumphantly, and with advantage
to the country. h arf
| During the last administration Of fed
eralism, when its financial affairs was
ruled by Mr.. Ewing, the credit of the
government was sunk SO low that its
bonds were discredlted, and were hawk
ed about the country by agents, beg
ging for purchasers, and were sold ata
ruinous discount. When q country is
at war, and forced to raise money, de-
signing men take advantage Of that fact,
and furnish money at usurons interest.
Yet, notwithstanding this fact is the
general rule, the present war has shown
the exception. The loans made by the
government have been at premium--
money being absolutely paid The gov
ernment for the privilege OF Ioaning
money TO it; and when loan of but
five millions was asked for, seventeen
millions were offered, and all at pre-
MUM. Though allied, in principle and
in feeling, with the federal party, the
fund monsers of Europe, and in Wall
street, New York, knew that the prin-
ciples of federalism are so antago nista-
cal to those OF the wants and wishes of
the people, that they believe money
loaned to the government, even when
engaged in war, safer and better in
vestment. if it be ruled by democrats,
than in state Of profound peace if rul-
ed by federalism.
The twelve years rule Of federalism
was anything but advantageous to the
country--on the contrary, their as.
sumption OF nonarchal power, as in
stanced in the passage of the alien and
selit,on Iaws-their grasp at power a.
gainst the will Of the people, as shadow
ed forth in the election Of minority
President, in 1925, and the wild scenes
of debauchery in 1910, and their reck-
less disregard of pledge and professions
when placed in power, all conspire to
give coloring TO the predictions Of mon.
archists abroad, that this government
would sooner or later be sunk ty tho
corruption Of some ofits leading states
men. ,.a ....
From few feeble colonies, this Re.
public has grown, under Democratic
rule, to greatness and power, never be-.
fore witnessed in any othergovernment.
In few months. when Wisconsin, al.
ready of age, shall become state, thir-
ty Republics, bound each other to the
other by the holiest and most sacred
ties, and all governed by similar laws,
will take tho place of the "OLD THIR-
TEEN" Instead of the narrow bounds
Of the Union, when freed from English
vessalage, it now extends across the
continent from ocean to ocean. Louis
lana, Florida and Texas, each embra-
cling vast and fertile territories, have
| been added to the Union. The vest
denounced and attempted to be shack
led by federalism-has sprung into ac-
| tivity-it waters dashed into foam by
multitude of steamers, and its once
silent valleys awakened by the shrill
whistle of the locomotive, as the iron
horse, attached to the railroad car,rush-
es on with lightning.like rapidity. Our
commercial flag is found in every port
1.-The sails of our vessels whi,en every
sea, and the zenith of American pros.
perity, and of American greatness is
not yet reached.
i To the enterprise Of our people, de-
veloped by the extension Of equal laws
and rights--to the full development OF
the democratic principle that man is ca
pable of governing himself--to The car
rying out, by the democracy of the ma
ton, of the beautiful theory of RepubIi-
canism, as laid down by Mr.. Jefferson,
is this prosperity. this greatness aitribu-
table. While federalism, with its ono
idea, sought to impede the car of pro.
gress,democratic principles sped its on
ward course. He who is friend to
this government, and would wish to
place it again in federal hands, after the
bitter experience OF the past, must have
read its history with but little profit
Ohio Statesman. -
Ireland Arming Of the People.