New-York tribune., 1870-09-12


Another cry OF our opponents Ia "down with the
Banks" do not regard the National Bank system ~
absolutely perfect but when compared WIN the oid
system Of generous confidence banks" which it super
seded the contrast in ts favor II nmcasurabe some
STATES like ours had n sound bank currency on
which the discount when you Travelled Ea-t WIN ", w"
SMALL but the well-remembercd losses, by mhohH on
millions, Of hClders OF bills Of new banks and wild cI
banks Of most Of the States make them cOhiit nuT
unfavoraby with the bills OF the National Banks whic
have always been as good thousand mice aSay ~ ~ ~
home and which has yet lost = falthlhS, ~
the Government has had ample security IN its own Va7
redeem every dollar Of the circulation oi the most o
II The banks could DESTROYED the first result would
he the forced collection ut once % all Their spoo OF
loans the business OF the country, resulting In
stringency and panic without parallel IN our hSoh'
The next would he that-unless Our opponents conf@-
Gated the bonds which the banks own, and which are
now deposited n the Treasury az security Iog Ior
the interest them exactly as heretofore;
The next would BE- a. tneir gapi,a g stotes
counties and cities the S1s0OOOO per year. now p ny
them national and local laSes Wona a m Dc snre,o
Court wOud decide all further issues OF gecnDat "es
tenders unconstitutional, should have certain cur
tailnent Of currency, wreckng All the business o W.
country and producing the most widespread hhaeiat
disasters Need dwell any longer on TINS measure o
Another charge made by Gen Morgan in the ONO can can
yass, and echoed by the entire ne,ooT.ie % 5lo CO..
lectOrs Revenue NEARLY all that nave ever poeh i o
fce),and that they are therefore M ~ ,1 are
To this need only reply tndl , ~ a,, % tc In
charged against the COllectOrseyen thOugh they al W
ore on yonr reasrcrs books the accounts of your
army Ouartermascrs, Captains, &c, uhti nhaly ~, A.
justed aud stricken from the recoIu abi tig ~ %
few cases of defacatiOns under ths Auhhhlelidt
suits against the officer and his securities nave Dceh
pFTankIy and fully have thus reviewed the results OF
] LUZ -, tbo cha rges a. ~ ~ enemies WHY, let ask
in conclusion, should the administration DO iepMke W
the Republican Congress driven IRON poWclf nn w
you desire above all things from your Govern
mentl Is it not the faithful execution 3l R uie
instratiOn honesty In officials, me plgsI a%t % VI ~
National honor and all possible relief rom paol' & T.
dcnsl And have | not shown that ever slhcr
the Executive aud Legislative Departments were
brought into harmony ana pO lucal aC.oiu ~
the Inauguration OF President 1ran' e9 9TosariIed9
The scandals which previously dshonored me Ads d
tratiOn he ye ceased. Tie taxes have been cor
lectod The debt has been Steadlly fsuu,ru, % tI @
tOnal expenses have been retrenched Inc hat%onal %
credit has improved. The burdens OI tl0 pr,ple NV
beeo LARGELY reduced And those priceless words honesty
and economy, written ON the portals ol Ine "He
But have noticed recently as a last card of our op-
Moments the preparation by their National Democratic
Committee, OF samplecarls OF goods WIN 'e IuHs F
cheap wages OF labor and their price here IN currency
under American wages of labor. lt y Ddfa ~
see what thew expect 10 gain by this II they mean that
this disparity could be rcneuled hy cheaper Wdscs
for labor here II might explain Why, M5em Pen5rs
sought 10 bin nj the last session prOhDtnS lhe -
portatiOn under contract OF serye labor and Strength
enne the law passed by the republican congress ot 20,
which intended to prevent the Cooe ~ sle o Sa
t count prominent DtfuOcIdIlt
against time day after day, cOndennng It's deialls, ana
finding fault with its provisions as not Satisfactory 70
preparation bills caused 1t to be postponed TN TIE neAt
session will not assume that their Opect Ws % , sseh
to manufacture political capital for the canvass out OF l
Inf / do saw that their uuWillngness 10 cooperate
in a reasonable bill that could have been passed,
aud their prolonged and antagOnlZing speeches. Wben
time was valuable, aud in body where no previous
Question exisod 70 f ,t4P & an of iBS b have re-
ferred As TO the value totthe country OF 5deIugy
remuneraed labor have altfady spoken, ana he'd Hol
repeat the argument
DEMOCRACY REsPoSsIBI.f FOR HIGH TAXATION.
whatever the object Of this electioneerng device may
be- have one comprehensive answer to make to H.
That for every dollar the nation has to pay for interest
on the public debt for every dollar of taxation internal
and external over the ordinary and economical expenses
OF the Government Democratic Rebellion is respons
ble do not deny that there are, and We're many pat
rotic men inside OF the Democratic party 1t is not my
habit to arraign them, swTepilgiy anu en- ls' T - I @
last National Democratic Platform arraSned az oi us az
guilty Of corruption and cXtrayagance exceeding any
and tyranny" and that II won in that national con
fest they would have to 'meet subjected and
scattered gnents of the Constitution But mat
ter what good may still remain in it, ranks, speak
is leadership and It's history That is known NJ ali men
and cannot be denied. Three points Ia illustration OF 1T
responsibility party, for the Rebellion, and the pro-
et Evrry STATE which rebelIed had a Democratic
Governor. Every Executive Onccr OF the COuft%eacy
was a Democrat, It's President ViccPre-dent Secretary
OF state, secretary. of the Treasury, seere-
erai without an exception. Every leading COM
mander OF Its armies was pem2elau tl Dc, le,
JnoJ Sidney Johnson and an OF only the Republican
party il be said, that moi single one ever signed an
ordinance al secessiou or hred on oI nag Oh sol Gown
Seeoad: The administration in power which could
have crushed II IN it, inception, but dld NOT, was Dcno
cratic rs President Buchanan, gave it aid and comfort
nv procamiug in his me- sage Of December 1850, that
the Construction has delegated to Congress, or any
other Department OF the Government, the power to
cOerce q State into submission, which IL at
tempting TO withdraw, OF has actually Will
limited states and that the sword not placed in
their hands to preserve it 0he Unou) by force. IL was
a Democratic Secretary of War who emTtied Northern
areuals OF guns and filled Southern arsenas with them,
thus arming South and also disarming the North IL
was Democratic Secretary OF the Navy who scattered
our navy 10 the ends Of the earth II Democratic
secretary of the Treasury who stabbed our national
credit in that dark hour, rs he hoped, to IT'S death
TIird. Every man who, in the North, shouted No
coercion" every one who predicted that the Rebellion
could not be suppressed oNery one VINO ueuOuhceu al
measures devised for its OyorthrOy, every one who
stignatizcd the brave soldiers as Lincoln hirene>,
every who demanded at the very cllsis OF me var
immediate cessation of hosthcS, ana insisted thaI
Democratic Platform of 1884, every one iwhO hranded the
faithful Lincoln as Nero or C9ligua was Democrat
in good and Irregular standing with his party;
Nor can n fOfgOten that when JEFF Davis denounced
Congressional eOniscatOn, while tho Conederaey were
contscaIing Union mems property, they were Dem0eraS
who echoed that deuuncat0n Wheh Jeh Davis Inlugei
his wIathful expletiyes at the employment
Of colored soldiers to help pnt down his treason,
when ia Davis anathematzed the Emancina-
tpu Proclamation, they were Democrats VINO
echoed his anatIema-and when JEFF Davis slandered
Lincoln as n monster, &c, they Democrats who
peated his invCctiyes. Thus, instead OF thoroughly
united North, which could have crushed the conspiracy
In year We had divided North; and for this prolonged
war with its terrible losses in blood and treasure, those
who acted as have stated, were responsible.
For debt therefore, and our taxes they have the
solemn responsibility and cannot escape it, No show
cards nor sophistry relieve them from it. And
while taxes remain, every stamp YOU put on deed or
mortgage a sticking plaster TO remind you Ot Demo-
cratic in its origin and its officers
Democratic in all the aid and sympathy it received in
the NOr--and sOrrOwed over when II was crushed by
cur gallant armies only by Democrats.
THE DEMOCRACY ALWAYS Oh THE WRONG SIDE
IN fact the last twenty years il has seemed mpOs
sblc for this Democratic organization, party get