Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-20

ana one plans that are proposed to OBJ
viate or remedy the state of affairs.
If / can reduce the cost of liv-
ing to one-third of what 1t is, and / do
that when / reduce the cost of money-do
it entirely and Immediately, and when /
do so i use the machinery by which it was
raised.(7)
In the decreased cost of produce is the
tariff decreased. The South will never
complain OF the tariff, because the North
is more anxious to get rid of it than the
South.
The remedy for the present condition of
affairs is the destruction of the present
centralizing tendency of capital in New
York and other large cities. Let the people
understand that money yields more profit
when invested in the farm or mines or
manufactures than when allowed to work
upon itself in centralized locations. Com
merce is paralyzed because of monopolies.
The strongest advocates of high protective
tariffs are getting the greatest
ton for their capital.
Free trade, again, means free demands
of capital. 1t means the closing of every
workshop, of every factory, of driving
every ship from the sea, and steamer from
our rivers. 1t means ransferring to the flag
ofGreat Britain and France and Germany,
the transportation of your produce. They
viii be on your rivers and carry your
produce from landing to landing.
They will do it because they
can do il cheaper than we. Carry out
that principle and you might as well give
up your railroad bonds, your State stocks,
as you have already given up your best
lands to the people OF foreign countries.
The largest portion of the national debt
would be transferred to foreign nations.
L hold that sucha course would be contrary
to good sense.
When 1 was before Congress, speaking
from my own business experience, l said
to them, II o continue your attacks
on cotton you will completely destroy
1t. / tell you I told them in two
years sea-island cotton would be a thing
that was. Imay not be believed, but If
you are not very careful, and come to the
rescues the cotton culture, profitable
though il now be, will soon cease to be so.
Are you aware hat Great Britain has
spent five hundred million dollars to de-
velop the cotton lands of India, and has
succeeded to an alarming extent2 Are you
aware that France and England are o
producing a better staple of cotton in
Egypt than the best Orleans9 Did you
know that they are employing in its
culture a labor not as high as your
slave labor formerly was? Did
YOU know that Brazil was
making tremendous efforts to increase her
cotton production, and hat the result was
a gradual increase of quantity? How are
YOU 10 OHlpele VIII LDeln Will YOUR nlpn
rates of labor? The question is IN alarm
ing one to me, and if l can create an alarm
in your bosom, based on what / say, l Will
be repaid for my journey.
II would not be becoming in me to speak
of the general condition of the country.
You are in the condition h at Spain was
when her downfall commenced. She pos
sessed a population as brave, intelleCts as
cultured and brilliant as America does
now. Where is she now? You who
study the history of nations will bear
me out in what l say. Mexico
with her revolutions, Is what we will be
in a very few years. You are on the verge
of the downward grade. You rely upon
that intellect that heretofore governed,
and think you can master the situation,
but you are now struggling against a
power that you cannOt control without a
similar p-ower-money. You are working
night and day against the power of money.
Look al England England at one time
had no religion to speak of; no class of
society was settled; no business was worth
following. Society was always disturbed, |
and always in a revolution. The gov
eminent determined to organize in oppo-
sition to the tendency of capital to
concentrate to check the tendency of a few
to ~mOnopolise capital. To do this anon
opOly, so to speak, WAS formed in h
Government, and from tina time to this
hlE LAS IAOsPtAtAf NOh Ont IOUA VI hlt |
territory of the globe is under her sway.
From constant chickering's and struggles
between her aristocracy and her monarch, |
the mobiles are pOwerless as a class, and
the monarch only so in name. Steady
uniform prosperity has been the good for
tuneofthis great people. The want ofthis
management Of capital caused our war, !
and made the heading off of
the slave capital necessary. Had we
have had this wise management you
would now hold your slaves, but the slaves
would have been divided among tine peO-
pie, and not engrOssed in the hands of a
few. II would lave been a system mutu-
ally advantageous both to the white and
black races. What has been the terrible
result of his want of intelligent applica-
ton of restrictions on the aggressions of
capital2 We ave taken a leaf from the
history of the Netherlands and turned it
down.
1 meant to have had a plain business
talk with you, but l got of on this theme.
The subOrdination of capital to industries
viii be the mode of saving us from the
calamities which are threatening us. The
cost of living must be reduced two-thirds.
This is the problem. That it has been
done once, is enough for us to know, to
assure US that it can be done again. When
l look back upon the sacrifices that have
been made, and reflect that now the dan
ger to free institutions may not even be
l an alarmed. There are those
among us to-day who are looking for a
stronger government to protect them and
their money. For an Imperial govern
ment to protect them with a strong hand
from the peOple-an outraged and injured
This is the last resort of nl-gOtten
power IS always to strengthen its hands.
this is u power that CONTROLS all bust
ness, society and every Departmental of
life, holding them in subsection as ON
pletely as ever q well managed negro fam
lily of its master.
Gentlemen, / did not think TO hold your
attention thus long. 1 have been in the
of speaking in the aggressive, and
hardly thought to interest you thus long.
l feel that | have given o the benefit of
my business experience and advice, and
have no motives of aselfsh nature. Iwant
to be an American citizen. (Applause.) 1
want, when I travel as such, to feel proud
of the flag of my nation. [Applause.l Can
be so and look at the paSt2 Can / be so
when | see what the people have done with
this splendid inheritance? l come in the
of our common country to appeal to
you TO assist us in saving the country of
we ought TO feel so proud. The re-
ply of the Prussian General to the mier-
who congratulated hin on the re-
suit of the battle of Sadowa, was, Yes.
we win fields like Sadowa. but it is YOU
business fellows that must make them
the winning" There was wisdom
IN that reply.
You ave heard me for my cause, gen
.lemen, which was your cause, and a glO-
ious one. Again thanking you for the
with which you nave listened to
/ must close"
The Senator ceased and sat down amid |
IN outburst of applause hat lasted for
several minutes, and amid which the
Chair raped on the table with his gayel. |
md said hat the question now required
lpon the motion to allow the gentlemen =
rom abroad (amended as reported) to reg ]
ster their names as delegates. The mo-
ion was accordingly put and carried amid
applause.
4 gentleman from South Carolina called I
up the motion made early on Tuesday i
to a Committee m Adjournment. [
The Chair announced that under the /
ules h motion must be referred to a J
committee, and unless the house {
would suspend the rules it would have TO '
axe that course. I
The gentleman asked che house to sus- {
END the rules, but il refused to do so. and
he motion was referred to the Committee l
General Business. =
Gen. Cyrus Bussey, Of New Orleans, t