New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-08-14


By the statement which has just been
made by the Treasury Department, 1t
appears that the deposits in the National
banks Oh the first Monday in July. amount
ed to the immense sum of S575,O0O, 600,
being s47,0OO,0O0 10 excess of what they
we're in April, while notwithstanding the
ease of The loan market and the consequent
cheapness of money, the increase IN loans
is only SIS 100000 over those of The last
quarterly statement.
1T is plain" says the New York Iron
Age, in commenting upon this statement,
that large amount OF money is lying
idle, accumulated chiefly at the
eastern centers of business. This
money IS awaiting investment ia
works "in the Southern and Western
States" hut not dollar of it will reach
the South unless there are ample guarantees
Of peace, order, and security. This capital
is owned to very large extent by persons
il sympathy with the Republican party,
and actively or tacitly supporting General
Grant for the Presidency. These men are
sigmatized in the South as enemies,
and threats are constantly made
that after the election, if Seymour and
Blair succeed, it shall be made "toO hot"
in the South for them to live here.
In other words, that such men shall be
ostraeized or actually driven away by
violence. They are told, in effect, that if
they come here they must identify them
selves with what is called the Democratic
party, which means simply that they must
become sympathizers with the Lost
Cause"
To talk to moneyed men in the North in
this way is to disgust them. They con-
tributed largely of their means to crush
out the late revolt, and to ask them now to
turn round and sympathize with the party
that inaugursted it is 10 ask them to stulti-
fy themselves. They will not do it; and
they will neither come themselves,
nor intrust their money where this
is demanded Of them. The direct
and certain result Of this policy
on the part of the so-called Democratic
party is therefore to keep capital and cap
italists from the Southern States, where
both are so much needed to develop their
undeveloped resources. It is notorious
fact that the capital, business men, energy,
and enterprise Of Boston, New York, Phila-
delpbia, Chicago, Cincinnati, and the towns
and large villages Of the North generally,
are to very great extent IN
sympathy with the National Repub-
licsn party; the Union party of
the country; that great party that sus-
tanned Abraham Lincoln and the national
government in their prolonged, successful,
and heroic struggles to maintain the unity
of the republic. He who does not know
this is ignorant of the facts. The business
man in New York city who voted for Sey-
monr's party at the last election was almost
rara aus. Here and there such a man
ceuld be found, but bis case constituted
ahe exception, not the rule. The great
capitalists, the Stewards and AstOrs, Van
aerbilts and Cladins, the bankers and manu-
tAeiurera and merchants-the men who are
spreading . net Of railroads over the con-
finest and developing It's huge resources,
voted almost en- mdsse for Lincoln and
johnson, and win vote Is SURF as the sun
Of Novembes ahall arrive, for Grant and
Collar, ana To reconstruction measures
Of Congress. Thsy may not approve
10 the abstract Of all Of thess measures.
hut a. between shem aud nat policy which
proposes to sweep them away b. force, il
neueszsfy, ard se-iniroduee strife, blood,
and another civil war, OF whieh runs TIE
1fsk Of ID, they viii not hesisasa moment.
At d idle to expect H. NJ. Blnir distinctly
~ dawn the proposition; ~ Is for he
President elect to declare these acts mil