Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1869-09-02

quirc. The country requires, and
the Democratic party ought to be, a
pdrty ofprinciple. party of life. OF
action, aud of progress. Fossils
and fault finders do not properly
belong to the party, and if found in
it ought to go on the retired list,
leaving to its opponents, OF all
shades and grades; all narrow and
sectional grounds, all monopolies
and favoritism, based on class, creed,
race, color. or national origin. The
Democratic party Of the United
States ought to hold high, the, ban.
ner Of universal freedom, impartial
justice and equality before the Law
of all who live beneath the fag OF
our country. - -. -.
"a fact of our history, expressed
on our coat of arms..by the words,
'E Piur;jns Unum'-many in one
lis. that NSe have grown many
distinct substantially self.govern-
ing communities, under one coun
try or general sovereignty To
cease to be mauy:.' or to be one,
would interrupt this law Of cur
historic life. The self-government
of the people by States, and the
unity of the nation, are essential
laws Of our past growth and life, of
which our written Constitution is
but the formal expression, and rust
he fundamental with the national
democracy, whose policy must be
broad enough and wise enough to
maintain the one without weakening
the other. 1t is the combined ac-
tion OF the two principles which
gives our democratic representative
system its power of expansion, and
makes it work to the wonder and
admiration Of European statesmen
and philosophers. Leaving the
right of self governm ent to the peo-
pie, and removing from the States
all the burdens Of armies, navies,
lines of fortifications, diplomatic
representatives, coinage, postal sys-
tenn, and that host of offices which
substract from productive industry
and devours its products in the
States of Europe, it frees commerce
and travel from varying standards
Of weights, measures and values,
from State tariffs, passports and
spying officialism, and provides. that
the citizens of one State may OBJ
tain redress or payment of claims
from those Of another, without the
interminablc operations and delays
ofdiplomacy by the Intervention of
courts of law.
BASED on these laws Of our life
and growth, and repudiating the
doctrine that might makes right
American democracy holds that
liberty consists in the obedience of
ALTO just law; that these laws
should be the fewest and simplest
possible, leaving the utmost indi
vidual freedom Of thought and ac-
ton, consistent with equal rights
and impartial justice; and where
individual action must be regulated
by law, seeking always "the greatest
good to the greatest number"
"Ehis is the Democracy L believe
in, and to which am proud to be-
long. Permit me, therefore, to in
.licate, among the measures called
for by the present exigencies, the
following in reference to the public
debt, currency, revenue and pro-
lection, class legislation, offices and
tenures of executive patronage,
suffrage and the caucus system.
The enormous interest on our
public debt is producing. the most
fearful inequalities in the distribu-
ton of capital, bringing the Gov
ernment into the money market as
a borrower, at an average of eleven
and one half per cent. per annum, to
compete with the private borrowers,
and moreover giving to bankers
holding its bonds, not only the in
terest, but the right to issue notes
on their credit, and use the as
money, under the national banking
law. This is forcing the very life
blood of capital from the West and
South; in fact, from all the extrem-
tiles where its circulation is espe-
cially needed, to the great eastern
countries of capital and speculate N,
and by putting an enormous price
on capital in a country whose in
dustrial and business development
requires great deal of cheap capi-
tai, is gnawing at the very vitals of
the industry and business Of. the
great mass of the people. To ar
rest these devouring evils demands
the most prompt redemption of our
bonds, according to the law and
equity of their issue, and that Ma
ti0nal Bank notes should be made
payable in coin on demand. To
effect this we must diminish our
expenses at home, establish conf
dence in our political and admins
trative ability and = increase our
credit abroad, and until our bonds
in foreign markets are worth what
our ability and certainty to pay
warrant; and then, from the 70
ceeds of the sales of a new issue,
bearing reasonable interest, and
subject to reasonable taxation,
promptly redeem every existing
bond the moment it becomes due.
No local declarations inviting a
popular prejudgment of any legal
questions aboat the terms of pay
lnent Of the aational bonds should
impair the priceless value Of the pub
;ic credit at time when it is all
important to create the speediest
means of Kidding the country of