The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-05-19
For the Union
The Democratic Review usrsus Provisional Cow
mi


think 1t VIII be conceded that the Democratic Review
generally conducted with marked ability and Judgment
Most of the contents OF the number for May is OF
superior ORDER displaying degree of talent and power
which justly rank that periodical among the abest and
best conducted in this country Therefore, who have
been reader OF il from the beginning OF its publication,
deeply regretted to in it anything which would
tend to deerloraie It's standing with that portion OF the
American people upon whose support it must mainly
depend allude particularly to ITS financial and
commercial article, which think (and ] believe all
candid men will with me in this oplnon) contains
most gross and unfounded assault upon the present
provisional government of France. 1t is in the para
graph following. After commenting upon the condition
of the Bank OF France, which the writer (Mr. ketelD
thinks is deplorable and perhaps Justly he goes
10 remark
an Louis Blanc, in addressing the people the l7h of
March, used the following expressions
The peril would be great for the holders OF capital and
the Instruments of labor # they refused the concessions
which the natural progress ideas and the great OF
| en- paton usl accomplished, commanded"
What concessions" he requires of capital, he does
clearly state in words but isevden if the people
70 be supported by government the must be de-
rived from capital The proposition smpiies itself into
general robbery of the rich for the benefit OF the oIhe
people This u.s. fii. the genius of the provisional gop
rnmsnt This theory it with which the vlanons
temagogues are leading the people, while themselves
pundering the treasury"
Thus does the editor of the Review denounce the pa
rloc and religious Lamarine, the aged and venerable
Dupont de LEure, the iusrous Arago, and their
adiutos in the provisional government the advocates
of general robbery" which is 'the genius of the pro-
vslona government" and set OF 'villanous dema-
gogues, who deuling the people with the idea of
public support Wtae themselves piundering the
wy!" What intelligent does not believe this to
be most airocious caumny upon the names of the pa
trioc and courageous above mentioned, and most
II not all their colleagues! should use this harsh
/ bn of he Damo Ray
who is also understood to be the writer of the inan-
| cia articles in the New York True Sun, was not
constantly aborng TO depecate the present provisional
government of France, and to prove to the American
people that the revolution of 1913 will be a total failure
For protest against such wholesale caumnies upon
llusrous men, who are devoting their lives TO their
country in crisis OF great difficulty and peril protest
against such stuff appearing in accredited and nuen
tai organ OF democratic opinion 1t would be more be-
coming a heightened federal journal, whose sympathes
with thrones and aristocracies, which, they compa
Gently think, represent all property well all the
learning, morality and refinement that belong society
But even the federal press charitable It's opin
ion of the provisional government of France The Ma
ona lntellisencer OF this city, under date of May 10TH
copies the following extract from letter dated Paris,
April 10, published in the New York Commercial Adver
tser which letter the latter paper avouches TO be from
'a highly respectable source" The writer says:
As for the safety Of persons property, there has been
dange from the of the revolution
TO this moment is there the slightest of1e-
bend anything Of the kind future But if there should
be moment OF danger for Frenchnen, | should need no
other safeguard for myself and all under my root
would be found by displaying the American flag my
window; for country and countrymen both
the best odor possible in Paris, and all France Blu,
b asfs not the shadow of any danger whatever from any
And the intelligent London correspondent of the Intel.
lgencer speaks of the progress of things in France in
| nearly the same encouraging tone.
Now, who for moment credits the preposerous
al PAGES Sc
hypocres robbers vilIanous demagogues, and punder
ers OF the public treasury By putting forth such stuff
in the Democratic Review, Mr. kettel does great injus-
ce to his intelligence, and to the character OF the
journal which he conducts with so much ability
Every candid man will be ready admit that some OF the
DEGREES and financial of the provisional gov
eminent not such can, under ordinary crcum-
stances be approved In my opinion, sanctioning the
suspension of specie payments is one OF them The at
tempt to establish atel'ers, government workshops
for the employment of people thrown out OF work
by the evuson in business occasioned by the shock OF
the revolution, if designed to be permanent, another
But do not believe that either is designed be
permanent by the majority ard really authoritative part
of the provisional government. Cannot allowance
| De made for the exgences and the pers of the great
crisis into which the revolution precpltaed them May
it not have been expedient, even to sanction suspeh
sion OF specie payments for short time And may it
not have been necessary to concilate and pacfy the
'ouurlers, or laborng people of Paris by giving them
temporary employment until the government could pass
through its revolutionary transition state to of stab
ity and permanence Regarded in this point Of view
the measures which Mr. Kete so loudly condemns NAV
be the wisesl and most prudent and may save France
from counter revolution anarchy, and another reign OF
terror.
| But no man knows better than Mr. Kette that sus
pension of specie payments is not necessarily destruction
country is temporary evil, resulting from neces-
sity generally, which disappears with the occasion We
have had such event twice in our history We
had in the revolution oil l776, greatly deprecated pa
per currency. In returning to sound currency prices
were reduced and much Individual embarrassment and
suffering ensued But the country very far from be-
ing destroyed This country passed through similar
process during the late with England, and again in
1886 to 1912.
Mr.. Ketell has array Of figures in of his late
money articles in the True Sun, which he has repeated
the Union under the signature OF Pren ce, to show
what awful havoc the acts of the provisional govern
nent have made with stocks. He figures the enor
alone, resulting from those acts and this, he says
destruction of much propertyn his language, "hs
is a real loss
Join issue with him this proposition, and affirm
no property or real value has been destroyed or lost by
this depreciation in the nominal value of stocks. The
property which they represent is still in France The
railroads remains the bank and insurance companies re-
man the certificates of the national dep remain the ca
nails and mines reman-nota solitary cent has been PIT