Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-09-01

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ern States had the right to withdraw
from the Union and establish an indie
pendent government. BE had admitted
it. The material interests Of the North
ern States perhaps made it necessary for
her States to disregard this right. and to
refuse to permit its exercise. OF course,
In doing that, 1t was natural enough
that they should deny its existence. But
when the struggle was over, although
the Northern people had been taught to
regard secession as rebellion and treason,
and the South As wholly unjustifiable and
in the wrong, the Northern leaders knew
better. They knew that, whether a con-
stitutional right to seeede existed or not,
the South had q right to win her indie
pence, If she could that States could
not be guilty Of treason or rebellion
that II the movement had at first been a
rebellion, 1t soon ceased to be so and be-
came a great war ; and that II they hung
q single man, high or low, for treason, it
would be a wilful and deliberate murder.
They deserve the credit of having at
least conscience enough to refrain from
entering on that hideous career Of crime,
their innocence Of which Mr.. WADE so
much regrets. He had better thank GOD
for saving his country from the guilt of a
crime 50 detestable. She has enough to
answer and be punished for. He need
not regret that her burthen is no greater
than 1t is.
We group together the following ex-
tracts:
We have stood gloriously by the coun-
try and by our principles; and, with the
exception of one year since the great re-
publican party was organized, it has met
with nothing bat victory. These men
don't appear to understand why the old
democratic party has fallen under the
ban Of the people, and has become q his
sing and a byword among men. Why
Is it? Because they have departed from
every principle Of Te~publicanism. They
pretended TO act upon the principles Of
old Thomas INSTRUMENTATION old pat
riot / revere him as much as the rest
Of them. He laid down the principles We
have taken up and carried forward so tri-
umphantly, because they were founded
in re~puhlicanism and Righteousness and
with the favor Of Almighty God, that is
why We are triumphant, and why we
shall not fail.
Let us beware. Let US continue in doing
right, as we have begun. Let us go up to
the polls, every man of US, and give to
these men what belongs, under God, as
much to them as to US. Let US give them
the last need Of justice thai belongs to
them for I tell you that my creed is,
equal and exact justice to all men, with
out regard to race, color or condition.
Nothing short OF that will do. Nothing
short Of it will or ought to satisfy your
reason. II you will but come forward
now and take this last step, you will reap
the reward of the glory and the Justice
for which you have fought so long.
@
Our debt is large, but what caused il?
A democratic rebellion. We had to
choose between q great wal with its ins
evitable incidents, debt and taxation, or,
on the other hand, the overthrow Of the
national government. The union party
preferred war, debt and taxes, 20 dis.
union. Did the union party unnecessa-
rily increase the debt, or impose unequal
or unjust taxes? On the contrary our
financial measures were as successful as
our military measures. While all the
efforts Of the democratic party impaired
our credit, made it difficult to negotiate
loans, prolonged the war and in
creased the debt; and now that the
war is over, what party is likely
to increase the debt? We have the
fact before US that the union party has
not only prevented an increase Of the
debt, but its reduction has been steady
and rapid. On the 3lst of August, 1865,
1t was 81, 757 sos, 1856; on the first day Of
November, 1886, it was 81, 55I ,424, I2I, or
q reduction Of S206, 379, 565; on the lst
day Of August, 1867, it was 1851, $685.
436, or q total reduction OF S246, 497, 259,
in less than two years, and during these
two years we paid off beside an immense
amount Of floating dett, the debris Of the
war. Suppose the democratic party now
in power, who does not know that the
debt would be largely increased? The
only sure democratic states, Kentucky,
Maryland and Delaware, are now de-
manding untold millions as pay for their
slaves. Every democrat is committed to
their payment. All over the south thew
are preparing claims for injuries during
the war. A democratic congress would
grant them all. Nearly every demo-
cratic senator or member has committed
himself to principles which, if adopted,
will add TO your debt $500, O00, 600 to
81 ,0OO, 900, 1000. For this reason they con-
stantly exaggerate the amount Of the
public debt.
Now, these decisions are very well
known to as good lawyers as Thurman
or Ranney, but instead Of stating them
fairly, they blame the union party for
exempting the bonds, while all United
States bonds have been exempt from local
taxes since the foundation of the govern
ment by the constitution itself, and has
been acquiesced in by every sdministra-
ton. The first loans during the war
contained no reference to this constitu-
tional exemption, butin subsequentlaws,
after q recent decision by Judge fancy,
in December, 1852, that United States
bonds could not be taxed, we inserted a
declaration in one of our loan laws under
state authority. They did not change the
law, but simply declared the law.
The impotence of the first of these
paragraphs is sublime and unapproach-
able. THOMAS JEFFERSON wrote the
Kentucky Resolutions Of 1898. Is the
Radical party carrying out the principles
of those resolutions? To say that would be
to utter q shameless lie. Did Mr.. JEFFER-
SON admit the right of part of the States
to coerce the rest to remain in the Union?
Did he believe that the right of suffrage
ought to be conferred without discrimi-
nation on the negroes? Was he in favour
OF u consolidated Government and the
obliteration Of State lines? WADE must
have counted largely on the credulity
and Ignorance of his hearers, or was
practicing, preparatory to an oratoricsl
campaign among the negroes Of the
Provinces.
The National Debt, as it has turned
out, was contracted for the purpose of
establishing six negro States and five
mulattO mes in the South, h~abituating
the people to gross violations of the Con-
stitution and to Military Despotism,
corrupting and demOralizing the people
Of the Northern States and putting into
~penitentiaries men enough to COM
pose an army larger than WASHINGTON
ever commanded, and causing the peo.
pie to look for an Emperor as a relief
from anarchy and the tyranny of a revo-
lutionsry Assembly. And it was con-
tracted, moreover, to a great extent, by
rsscality and fraud. From 1898 to ISIS
the public debt of England was in.
creased 597, 100000 pounds sterling, or
81 S5, COO, 1000. Ours increased in four
years, from nothing to 81, 700, 600, 600.
Nor is the real difference between this
increase Of the British debt, and the
amount Of ours, 50 great as the nominal
difference; because the measure of a
public debt is the amount Of interest an
nually paid on it, and we pay q much
higher rate of interest than England
One may pretty safely venture to pre-
dict that the people, (those intelligent
and enlightened electors, the negroes,
included), will begin, by and by, to be
FESTIVE under our debt, and to
have at least an occasional notion that