The Ohio star. [volume] (Ravenna, Ohio) 1830-1854, 1854-02-22
VOLUME -XXYmNnmber, I3

no voice is raised against the binding force of the
constitutional amendments; thati every law passed
by radical Congress. however doubtful its consti-
nevertheless obeyed."
I pass over, as matter of taste the inference he
raises against the mode of adoption of the consttu
honal amendments, and the doubt he expresses as
10 the consituonality of the laws to enforce them
naniuiiy accep Gee the results of the W war that they
do not accept serve, or enforce the consttut9nal
precisely Of Il this is that tie Republican party COM
plains; that 1t will try to enforce and though tenn
mand, and will certainly, in time. secure: Hwas
the organized deprivation OF the Republicans IN
controversy there, and 50 in Mississippi and South
Carolina have no doubt that many of the plant
sDb s 5uSns men and PRO- h0dGss OF the
s6e to protect the blacks in their rights, but
In the South. II is not they who, like Judge Thur
man denounce President Hayes as ns1Ipe5 al ana .h
policy adopted by the Republican party to the peo
pie OF the South at the close of the war was without
example In generosity in the history OF the world.
and they gratefully acknowledge that the policy of
President Hayes would secure TO the South peace.
prder, and prosperity.
THE AMENDMENTS NOT ENFORCED IN THE SOUTH.
But 1, who supported this policy, and shared in it.
feel as do Republicans generally that the South has
never frankly OF mantuiy responded TO tnis goey % ICY
give equal civil and political rights to either white or
black Republicans They DC not permit OF toleqas n9
action essential to republican government, put,
BY their adherence to the very elements M IN me N0g
upon them the very waste and desoation
Of which they complain, they repel all
efforts to break down the sectonallsm OF the past,
and make it vitality necessary again to concentrate
the people Of the North in order to secure peace,
order. and liberty.
JUSTICE AND EQUALITY" ~
in
DO you wish the Union preservedf Then sup:
feeoe snd interest we'll as
by constitutions and laws Do you revere justice
and advocate equality OF rights? Then support tne
indelibly inscribed"
''Do you wish the Union preseryedT What party
ever threatened this Unionf What party was
rayed in arms against it during the war, and what
sacrifices were made for i in the North? Did ever
and Edualityl' When did the Democratic party
distinguish itself for justice and equality7
Perhaps, fellow citizens, as an executive officer,
have erred in following Senator Thurman in much
OF his speech as is purely political but am none
time win never come when viii cease to have pride
III the merits and past achievements OF the great
the Republican party, which has done so much for
the existence and honor of our country, assailed
OF our history have been passive or neutral prom
ise you now 10 adhere, during the brief time will
detain you, to the business topics in which we are
all alike interested.
BUSINESS DEPRESSION ALSO GENERAL ABROAD.
Judge Thurman says:
Snow. certainly no one will deny that this coun-
try has for the last five years suffered perhaps
other country ever did suffer from any depression
in every branch of business in every industrial
deny this statement in toto. That this country
has suffered from depression in many branches of
init, but every civilized and Christian country in
the world has suffered to greater degree. In COM
dition in every respect is more prosperous and hap
py. If you read the English or French or German
papers, you will find that our causes of complaint
are nothing to be compared with theirs while in our
country there are many circumstances which relieve
hopeful signs Of the times The whole period since
the war and before the panic was debt contracting
ports exceeded our exports in the enornous sum Of
$047 069 219. Much OF this was for silks and furbe
tn sudny II
of was for articles that our own labor should have
produced It represented foreign capital
corporation bonds and private notes The
schemes railroads built twenty years in advance of
their need, reckless expenditures led to numerous
debts being contracted and to corporations and
homes and farms being plastered with mortgages
Since the panic the whole condition of our trade
nave exceeded our imports In the sum OF S507 49,,
During the last fiscal year the excess s257 45s,
ESQ., exports reaching the of $3.50 6S3 sS and
during this fiscal year this of exports is in
body of the debts contracted Before the panic are
now settled either by payment or bankruptcy, or
readjustment-
OUR BONDS NOW HELD AT HOME
At one time it was estimated that the amount of
United States bonds held abroad approached 81 000
100000; Two years ago the general estimate was
about S600, 900. Now after the most careful
animation, it is estimated somewhere near
$2OO,OOo.0O0 to S250,0oO,O0O. The common fear ex-
pressed for the success of any plan of resumption
was that foreign nations could at once, by return
of our bonds, exhaust our gold and thus defeat
sumption, but this is no longer feared when the
surplus exports for single year would pay off every
dollar of our national debt held beyond the limits
OF the United States. Last winter, when exag-
gerated fear prevailed in Europe as to the effect of
the silver BILL $6O,ooo.oOO of our bonds were
promptly absorbed by our own people in sixty days.
and although this stopped the sale of bonds by the
Treasury. it strengthened our position by bringing
Another favorable sign of the times is the very
large increase of domestic productions both of the
place OF goods heretofore imported, but enable US
TO compete with foreign nations in their own mar
kets.
WONDERFUL INCREASE IN EXPORTS.
have here recent table showing the increase of
leading exports of our own production. This shows
that our exports OF cotton from steel copper leath-
years nearly twofold, and that the exports of our
agricultural implements and provisions have in
tain leading commodities exported in 1868 was
sl41oOOo oOo and in 1878 s404 600 O00 showing an
Another table shows that our importation of GER
tain fabrics which we can readily make in this
country has diminished nearly one-half OF textile
fabrics, including manufactures of cotton, silk
clothing, and dress goods, the amount imported
into this country in 1873 900; the amount
imported in 1873 was SS5. .000,000 making diminu-
ton of S4,OO0,0 ,0o0 most of which was supplied by
our own production
FALLING OFF OF nPoRTs
The imports of iron and steel in various forms in
1S7S was $50 ,452. while in 1873 it had fallen to
$90576 633 showing diminution of $50 $50 S49 This
falling off was supplied by own industry.
The total leading manufactures named in this
table imported in 1873 S272 957 $685. and during
the fiscal year ending June 80, 1873 it SPA
2l1.734, making falling off of S14s, 7,S99 This
great decrease was especially noticeable in the i'm
ports of manufactures of cotton silk WOOL iron and
steel.
This increase of our exports and diminution of
our imports is perhaps the most remarkable in mod
ern times. We are competing in cotton fabrics with
Manchester, in cutlery with Sheffield. in iron and
steel with Birmingham, in watches with Switzerland
trade developing process that is adding immensely
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