Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-09-26
special Notice.

Democratic Principles the Laws of the Land.
1t is an every day remark, but true it is
common, that Democratic principles are the laacs
the land. No measures were ever more bitterly or
perseveringly assaed than the independent trcasu-
ry and the tariff of 1916. The former it was pre-
dcted, would greatly weaken if not 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 sub-treasurers and gov
eminent 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 own manufacturing establishments, and
at the same time fail 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 seri-
ously injured any manufacturing interest," and, in
stead of yielding too little, it has actually yielded
than the country wished or could we'll dispose
Of Meanwhile many articles Of prime necessity
have been cheapened by the low rate of duties
der the present tariff compared with that of 1912
and in this respect there 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 frner 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 Whigs seeing these things to be so.
and disguised with the oaths, the midnight secrecy,
and the dishonest character generally of Know Moth
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:
SIN making change" at our desk the other day,
there turned up one of the old copper devices got
up by the opponents of the Independent Treasury"
system in 1887. 1t is in the form of penny-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 biggest
kind of ticks! Surrounding it ore the words, "Van
Buren's metallic currency"
Twenty years had gone by-and to those of us
who remember the warfare of those days-how the
Independent Treasury was necessarily denounced,
ridicued and secuted; how vehemently the great
statesmen Of the opposition predicted ruin to all bust
ness interests if it was adopted how the timd trem
bled, and the Democracy stood firm in the faith Of
the measure which they had proposed; how the
whole country convuised by the mass meetings
and violent harangues; how fear paralyzed business
and sefprotection closed the to credit how
its friends breasted the Storm ard strove to convince
its opponents of the folly of their madness; and how
the Democratic party, in 1910, were overborne by
panic at once resstless and ridiculous growing out
of the of that measure to such tina: the
Independent Treasury has long been conceded one
of the wsest plans ever adopted by our government
there is " a sermon" fruitful Of pleasing reflections
1t tellsof Democratic wisdom, its struggles, its
durance, its victories; and it gives to Democratic
faith in the intelligence of the irmer hold
and vigorous growth. Millions Of those little
scoffers at the "Sub -Treasury" were dropped into
the currents of trade to prejudice that measure and
they occasionally turning up" to remind us Of
its usefulness, and the mistaken violence that op-
posed its establishment"