Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1857-09-30

Democratic Principles the Laws of the Land.
1t is every day remark, but as true as it is
common, that Democratic principles the laacs Of
the land. No measures were more bitterly or
perseverngly assailed than the independent treasu-
ry and the tariff Of 1916. The former, it was pre-
dicted, would greatly weaken if destroy all bank
ing institutions and thereby PROSTATE the credit and
business of the country and would also, while pro-
viding currency Of gold and silver for the office
holders and bank rags for the people, result in
heavy actual losses to the government from the dis
honesty and peculation of subtrcasurers and gov
ernment agents; and the latter it was alleged would
bring the pauper labor of Europe into injurious
conflict with our own mechanics and artisans, break
down our manufacturing establishments, and
at the same time fail to produce sufficient revenue
to support the government The test of time has
been applied, and every one now sees how unfound-
ed were these predictions. The tariff has not ser
ously injured any manufacturing interest, and, in
stead of yielding too little, it has actually yielded
more than the country wished could well dispose
Of Meanwhile many articles Of prime necessity
have been cheapened by the low rate of duties un-
der the present tariff compared with that of 1912;
and in this respect theIc has been saving to the
consumers of the country of many millions Of dol
lars Under the independent treasury system hun
dreds of millions of dollars have been received trans
ferred from place to place, and disbursed, without
the loss of cent; and the currency of the country,
so far from having been injured, has been improved
and placed on frmer basis than it has ever here
tofore occupied.
These are facts which no attentive and unpreju-
diced observer of the political history of the country
will deny. They speak for themselves, and they
demonstrate the soundness and the wisdom Of DEM
ocratic policy And it is matter for surprise that
many old line Wings seeing these things to be so,
and disgused with the oaths, the midnight secrecy,
and the dishonest character generally of Know Moth
ingsm, have boldly and manfuy taken position in
the Democratic ranks
We have been led into these observations by the
following pithy and truthful article from the New
Haven Register in relation to the independent trea
sury:
"In making change" at our desk the other day
there turned up one cf the old copper devices got
ND by the opponents of the Independent Treasury
system in 1887. 1t is in the form of pennv-and
has upon it the figure of ship called the Expert
ment whose spars are all going by the board, while
the lightning is represented giving it the bigges
kind Of licks Surrounding it ore the words, ''Var
Burens metallic currency"
Twenty years had gone by-and to those of u:
who remember the warfare Of those days-how the
independent Treasury was incessantly denounced
ridiculed and secuted; how vehemently the grea
statesmen of the opposition predicted ruin to all busi
ness interests if it adopted how the timd trem
bled. and the Democracy stood firm in the faith o
the measure which they had proposed; how tn
whole country was convuised by the mass meeting
and violent harangues how fear paralyzed busines
and selfprotecton closed the avenues to credit hoV
it's friends breasted the Storm and strove to convnc
its opponents of the folly of their madness; and hov
the democratic party, in 1910, were overborne by
panic at once resstless and ridiculous, growing ou
of the of that measure; to such now tha: tn
Independent Treasury has long been conceded on
of the wsest plans ever adopted by our government
there is "a sermon fruitful of pleasing reflections
1t tells of Democratic wisdom, its struggles, its en-
durance, its victories; and it gives to Democrat
faith in the intelligence of the masses frmer hol
and more vigorous growth. Millions of those ilttl
scoffers at the Sub-Treasury" were dropped int
the currents of trade to prejudice that measure an
they are occasionally turning up," to remind us
it's usefulness, and the mistaken violence that or
posed its establishment