The Conservative. (M'connelsville, Ohio) 1866-1871, 1868-09-03

doctrine that the only use Of q Govern
mcnt is to keep the peace, and the bet
ter sort Is that which leaves the largest
freedom Of aoNon TO the citizen. 1t
Goes not, therefore, seek to interfere
with the laws Of trade, the religion OF
the Church, or the customs of society.
The Republican party, which is the
successor of the old " hig organization,
that in turn came from the Federal
party of the Revolution, regards the
Government as the guardian, or rather,
the parent of the people. Hence the
class legislation that has 80 disturbed
us during the last eight years. We are
not only made to pay heavily for the
support of an %extravagnnt Government
but VIC are forced to sustain claims Of
trade that is asserted are too feeble to
stand alone. Let us give n example (.
When this war broke out the Republi-
eau party, then left in power by the
secession of Southern members Of Con
gress, passed n tsriflaw hat amounted
10 prohibition. Thus protected, the
manufacturers Of New England ran
their mills at full time, and realized
vast profits. Now, at a time when Of
al others We needed cheap articles, we
wore forced to pay high prices, and
while sustaining large armies in the
field on ono side. We were forced to
sustain a huge monopoly on the other.
And it is difficult to tell with accuracy
which was the most expensive of the
two.
This system Of class legislation has
continued until it has absorbed all the
m%oneycd capital of the country, and
until it is combined into ono great body
and forms the soul Of the Republican
party. Each moneycd interest, thus
~legislatcd for, plays into the hand Of
the other moneyed interest, until all
combined make M powerful %organiza.
ton. You can not, for instance, attack
the manufacturer without bringing
upon yourself the bondholder and the
banker, nor assail the b%ondholder with.
out experiencing a defense from the
manufacturer. Indeed, | believe now
they may be estimated vs. Que body, foI
AZ the manufacture realized his profits
lac invested in bonds, that. escaping
taxation, formed a tempting invest
mont while the banking system tn,
most oppressive OF all tho impositions
il based upon the public securities.
We have lost moro through this mon
strous system Of banking, tbrougt
bounties paid manufacturers, throuut
deprecated paper, than We have from
the goldbearing bonds, about which 81
much excitement.
Now, | am IN favor Of m, etinl
u obligations honestly and fair
ly, Reputation in any firm, di.
oct pr indirect, Is abhorrcnt to me
| bclelvo il iSto the great mass n
honest, h%arlworking zone Of III,
Democracy. But lot us not b,
alarmed BY hard names not prcmp
ted from the right path by louC
cries. And first ofall lot Ne clcar
away some Of tho rubbish that ma
accumulated about il. Whencvc
you approach this subject, tho bond
holder as his dependent assume
high moral ground, and asks ny t,
hold sacred tho obligation made I,
repay those who, in our hour o
peril. gave their means 10 sustain
the Government.
Now, this obligation is Just MS Al
cred H. ;hat entered into with tn.
PEOPLE "a make good the promise
that in shape If paper money wa
issued - them 1t is just as sacrc,
ns that made the soldier who volun.
tecred, 10 pay him regularly in gold
1t ia that and no more. Ever,
promise made by n Govcrnmcn
should he sacred, and fulfilled T.
the letter OF tho law. But YOU
talk abou this monoy being PAL
in the hour OF our Government
peril is not ftruo. When the VII
ragged at ITS height, when tho rcsu.
wi doubtful, capital, that is ever
timid and cautious, held back
Very few Investments were mad
whom II was uncertain whethC
Washington would be the capitol
nation ar the capitol Of the Con
iedcracy. Then ii was the Gov
crnment rested on the inith OF u
poople, and Issued that other II
debtnoss called srecuback. b
when Richmond fell and the WI
vac at au end, these securities we
soizod upon as an investment.
was q pure business transaction. ~
had about rs much PATRIOTISM IN
as any other business tronsactio
when the capitalist socks TO get Il
highest rate OF interest on his mo
ey.
This ~ no reason why Nc shou
rot live upon our obligations bat
clears tho question Of much fcclil
that is APT TO mislead tho judgmel
This sensltivcncss in regard 10
sound character Of National oblig
lions il very fine indeed but
comes a little late. l remember
law that promised to pay us 81
diers during tho war in gold. s
while We had tbe precious met
Tbon tho pnymaster brought gree
backs and gold, and gave us q
choice, and then he brought OF
rrccnbacks. | ncvor heard "A