Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1866-03-22

very soon, when they approach practical subjects
| of revenue, taxation and curr3ncy-they will be
entirely divided and broken up.
| There viii be struggle on the loan or funding
| bill, between the Treasury plan and Mr.. Stevens
project, Mr.. McCuloch's policy is to contract the
currency fund the floating debt, establish q sink
| ing fund of hundred millions year, and make
foreign loan when it can be done on advanta-
geous terms, upon long bonds and low rate of
interest Mr.. Stevens substitute prohibits the
contraction of the currency, and any loan, and
merely authorizes the funding of the floating debt
The protected interest averse to any reduction
of the currency by which prices of their products
will be reduced. The holders of large stocks Of
! imported goods are also using their influence in
the same direction. The national banks, too, are
apprehensiye, that if the currency be contracted
| they viii lose the private deposits, upon which
they are making large profits.
It is possible that Congress will do nothing with
the subject, leaving Mr.. McCulloch to act under
existing laws. . KAPPA
THE POLICY OF PRESIDENT-HIS SPEECH TO ,
KENTUCKY DELEGATION.
On Thursday morning, the 8th inst, James A.
Dawson, Esq, Register of the Land Office for the
| State of Kentucky, in company with Messrs. Hard
ing, Ritter, Rousseau, Order, Trimbe and Shank
lin, members of Congress, Quartermaster General
George w. Monroe, and other citizens of that
State, called upon the President. The object Of
| the visit was to present to Mr.. Johnson the pro-
ceedings of mass meeting held at the capitol, in
Mr.. Dawson, being introduced, addressed the
President He said that the mass meeting, the
proceedings of which he had been delegated to
present TO the President, twas called to give an
expression of the views of the people upon the
policy of your Administration, and with special
reference to the views and principles enuncated
in your message to the Senate, embodying your
objections to what is Familiarity known the
Freedmen's Bureau bill 1t was meeting of no
political party but of the people, without regard
70 past political sentiments. Men of all parties
united i'll the meeting cordially, heartily enthusi-
astically. And allow me to to assure you, sir,
that these proceeding are not the expression of
single locality in the State, but that they contain
the sentiments of the whole people of the com
monwealth. Similar meetings have been and are
being held everywhere throughout the State, and
everywhere are your patriotic positions applauded
and the purpose declared to stand by you in the
conflict between yourself-planted, as you are, on
the citadel of the Constitution-and those who
would still keep that instrument rolled up rs
scaled book and would substitute for it their own
impulses, prejudices and passions In the enact
ment and enforcement of laws
Mr. Dawson then spoke of the Impotence and
dissatisfaction felt by the people of Kentucky
that they had not had restored to them the priv
vilege of the writ of hdbeaS corpus at the con-
tinuation of military forces in the State and the
extension in the State of the Freedmens Bureau
the presence of whose agents there tends only to
produce decentralization and Observation-Disclosures
the negroes, annoyance and inconvenience to the
suits" In conclusion, Mr.. Dawson said ''They
the people of Kentucky have been aware of the
Overshadowlng matters OF Importance which have
been pressing upon your time, and have waited.
confident i'll the behalf that when the fulness OF
time shall have fully come, you will 'unroll the
Constitution which will remedy all these evils
They trust that time is not far distant--nay, is
even now.
THE PRESIDENTS REPLY
The President responded. 1t is not needful that
dad
should be made. tender you, and through You,
the people whom you represent, and of the State
my unfeigned thanks for these kind expressions
and manifestations of confidence in me personally
and the endorsement of the policy which shall
control my administration. It is peculiarly graft
flying to receive these at this particular
time. trust the results will show that the conf
dence thus reposed is not misplaced, and will
never become matter of regret upon the part Of
those who give expression thereto. The present
is regarded most critical juncture in the affairs
of the naton-scarcely less than when an arm
ed and organized force sought to overthrow the
Government. To attack and attempt the disrup-
ton of the Government by armed combination
and military force is dangerous to the life
of the nation than attempt to revolutionize and
undermine it by disregard and destruction Of the
safeguards thrown around the liberties of the peO-
pie in the constitution. Our stand has been taken
course has been marked out We shall stand
by and defend the constitution against all who
may attack it, from whatever quarter the attack
may come we snail take no step backward IN
this matter. No other or higher evidence Of our
purpose in this regard can be given than has al
ready been furnished. In the future, in the
past, we shall endeavor, in good faith to make the
administration of the affairs of the Government
conform to the constitution its letter and spirit
therein is the only guaranty to the liberties of the
people. It is hoped by an adherence to this rule
to remedy ere long all the Irregularities and an
noyances to which the people have been subiec
ted.
Again do we assure you, that these demonstra-
tons of confidence and assurances of support upon
the part Of the people exceedingly cheering to
us; that grateful for and properly appreci-
ate them, and that wish is to so discharge the
trusts confded to us as to merit them. Ineed not
say more at present.
IRON AND Coal INTERESTS. -About thirty of the
bar and nail manufactures of Pittsburg that stop
ped work recently, owing to an unwillingness on
the part of the operatives to submit to a reduction
of wages, are again in operation, the employers
having welded Tho ot1 &c