The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-08-31

and fayoritism based on class, creed' race
color or national origin"
In regard to m msasures called for in the pre-
sent exigency, he refers to the national debt
currency revenue pr otection, class legislation,
Office and tenures, executive patronage, suf;
ftage and the caucus system, and then lays
down the following as his platform:
81. The enormous interest on our public debt
is producing the most fearful inequalities 10
the distribution OF capital, bringing the gov
:. yernment into the money market a. borrower
st an average Of 11A per cent. per annum cur
rency-iDterest 730 per cent. premium on
The coin 1.SO, exemption from taxation 4O-
11.60 per cent. to compete with private Dor
rowers, and, moreover. giving to bankers
:, holding its bonds not only this interest. but
= :. .fSa r;ght to ISSUE notes on their credit, and
: ,Ise them as money under the national banking
This is forcing the very life blood OK capital
from the West andsSouth, in fact nom all the
sextremities where its ejaculation Is especially
needed.to the preat Eastern centres Of capi-
Hi ma speculation, and By pntting an enor-
, nous price on capital IN country whose m
y Sdustrial and business develocmenrs require
great deal OF cheap capital, ia Rnswtlg at the
:. very yitals OF indusry and business OF the
sgGreat mass Of the people. .s7.sss4, !
:. To arrest these deTouring evils demands the
= most prompt redemption of our bonds accord,
sing TO the law and equity Of thar issue, and
q thSt national bank notes should be payable in
coin on demand. To efect this We must d.
minish our expenses at homes establish ccnt.
!, dspce in our political and adm1nistrstiye Bta-
bility and increase our credit abroad until our
bonds m foreign markets are worth what our
ability and certainty 10 pay warrant; and then
NON The proceeds Of the sales Of q new issue
6earing reasonable interest, and subject TO
reasonable taxatiop, promptly redeem every
existing bond the moment il becomes due.
No local declaration inviting popular pre-
judgment OF any legal question about t9e
impair the priceless value Of the public credit
AaS a5aamelWh IL Is important TO create the
-sTpoedteR arAeanB. Of rfddipg the country OF
-3hese Shofn0us expressions, but every Demo-
cratic platform should tend to raise higher
and higher the public credit, and to satisfy
the people OF Europe that the Democratic is
the last party In the United States that pro-
poses TO whine or act reluctantly about paying
the public debt, even though present holders
SHOULD have bought it below its fair value.
y & An irredeemsble paper currency, or one
perpetually fuctuating in value. is gigantic
feod On the people, concentration OF the
Yprse; Injurious to all classes, but especially
70 those who hive by labor.
The Democracy should assert with renewed
LV5fSot Ard determination, its old declaration in
iiS5xs6f 4 specie basis and paper currency,
icmyBrtible At pV into coin at the Will Of the
holder, and should take prompt and eficacious
:Nneasires to raise our bonds to where the seen.
rity they offer and the interest they bear ought
etGpAoe them, go "a to draw greenbacks after
then tohpar, with the least possible delay.
This VIA relieve all classes, especially the la
boring, and. anRmentlng tha yalne Of our cir
cplaaon twenty-five per. cents give healthy
ana vigorous impulse to every department OF
frvlaf afx1oru aark8 Sffrxufr , -
s. 1he dundsnental principle Of free trade
and that Ill taxation should fall as di1ectly as
possible on al members Of society In proportion
fdtkeir ability topsy have always been held by
the Democracy. The aim OF its legislation
must, therefore, be as much as possible TO re.
duce tho amount and diminish the numberof
indirect taxes, and levy such as are necessary
for revenue, shnying due regard to the princi-
ple that, the wealth OF nation consisting In its
productive industry, whatever fayors the great
est smount Of this In the masses Is to be fs-
ymed, and whatever fosters special kinds and
n2AsGes to iss I'm aetriment is to be opposed by
8A Democracy.
e Democracy opposes ell kinds OF class leg
ation-refnsng to rob the rich for the poor, |
cethepoor tcr the benefit Of the rich-and views
TikA equAl abhufIepce the partisan OF unjust |
claims, and the advocate Of the reputation OF
1dstl ones. But, moving that legal provisions
3be the security Of private property generally
s1lH6A.f .fpe the protection OF the rich. Democra-
a, Without violating indlvlduai rights, wli a.
6ays aim TO educate and elevate the masses OF
Taa nennla-
&. iO&ees should be created only when clear q
damsnded by necessary public business, and
SnchsSaariea, be paid % the nature and import
'snoeo Of the business requires. Leaving no Just
crounds Of complaint or excuse TOR peculanen.
- n pohcy that leads to or requires the multi.
gblIcetion OF ofices is ant.democratc, unjust
,Sn6 dangerous 70 freedom. a policy Which
sohsnRes man in Office for individual profit ir-
Itsad of public good is . perversion OF the
Ssincip1es Of business, anti democratic, cor
9eliag and Per lQus TO the liberties OF the
O6icial power Is trust for the common
good, which no public officer has night to
Deforh his private benefit, Snd WnoeoeVer Goes
ptisS fsnds in his trust, because the ofhciH
tust ID more sacred and the wrong more dill
cult to detect and measure.
Whosoeyer obtains votes under false pre-
tences is baser mave than he who obtains
under ss n on and
nrine the evil done, deserves severer punish
mspt snd 1enrobation. -. -.
d EeGaxdtny I'll officers as servants OF the peo-
ple and trustees Of power for the common veal,
Democracy fsvors such modes OF appointment
and tenufes Of Office, as reason and experience
show best calculated to secure good conduct
.and efficiency in the public service, without
regard to private interest, public customs or
tndiyidual pretensions.
aeoReAsou and experience alike condemn ire.
quent and needless changes Of public officers,
1nd the generally prevailing practice OF making
fhsm for personal benefit instead Of the pub
nc good, is acting in great matters OF the
State and nation on principle which would
ruin any private Business, and, unless correct
ed, will bring the administration of free gov
ernmept into deserved contempt. It is essen
tally opposed to the principles Of Democratic
government. and it behoovee the Democracy OF
the United States to make war on the practice,
without truce Of delay, returning to the Jeffer-
souian standard Of Official qualification, ''is he
honest, capable andtaithful
6. The immense increase OF national Execu-
tive peta onsge, placing upwards OF one hum
dred thousand Offices besides numerous minor
positions Of emolument, ct bis disposal, and
the habit Of changing the inc1mbents to
secure or reward Executive partisanship, have
become dangerous to the liberties OF the
country, and demand prompt and eficacious
remedy.
That remedy, at least in part and numer-
ous important national advantages, may be
found by providing that no President shall be
eligible for more than one term, without q
t6int resolution OF Congress passed by q two
thirds vote in each House previous to the cleo
ton declaring the same; and further pro-
vision that the presidential term shall be ex.
tended to six years.
z. The Democratic doctrine Of suffrage re-
Qriree distinct reafhrmation.
Democracy has always held that suffrage is
not natural right OF every human being, nor
n particular sex or race but political pri n