The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1870-05-26
The Mission Of the Democratic
Party.

FdT1y-
Under the present state Of affairs, in q
national sense, all persons who are not
blinded by partisan zeal or lead By bigoted
and corrupt demagogues admit that thro
s'me agcn $ the people must have, If not
entire, at least partial relief from the extOr
tions and tyranny Of misrule exercised by
the party now IN power. The hope fer this
remedy lies with the democratic party
there Is no nc8 name to be applied 70 that
combination in our country, Of men who
are in favor Of an equitable administration
OF the laws, who are in favor OF retrcach>
ment, and desire the preservation Of the
liberties Of the people, at the socri fee Of
party tickets and plumber Il is believed
that there is bone enough left in the dem
ocratic party of the north and west to re-
spond to the white fclLs Of the south in
every measure that is to promote the gen
crai gOod-more particularly is the west
interested 10 this matter than perhaps the
extreme north-the southern and western
states being both agricultural, the chief
products of their labor is Of so different a
character, that they are interchangeable
The dependence Of the one upon the other
is SO close and intimate, that whatever in
jures one must inict equal damage upon
the other. The west can only thrive as
the south does.
The south raises Gotten and but little
provisions, but cotton commands ready
sale for cash at al times and everywhere :;
with this cash she can and must purchase
the. p. DIVISIONS OF the west. She can get
them nowhere else unless she raises them
herself. The more the south is protected
By good laws and wise government and her
peculiar agriculture fostercd, the more
money she will have &c spend for stock and
provisions in the west, and the more she
will spend. The west upon the other hand
has no other customer at all comparable to
the south, for the certainty and quantity of
her puTcha. crs of grain, meat aad stock,
and it is her interest to advance as much
as possible the pecunary prosperity Of a
section which, although agricultural like
herself, raises a product with does not
compete with her own, cannot be ate, and
consequently makes its producer dependent
on her for what he does eat When the
western farmer understands this matter in
its true light, We have no fear Of the result,
and whatever his party allegiance may
have been, he will be apt TO pursue a course
IN politics that is calculated to secure his
best interest, and in doing this bring the
greatest amount Of prosperity to the whole
people. That the entire country is now
suffering from the effects of radical wrong
in radical hands cannot be denied and until
some other name, with great rclicfs for a
patient and suffering people can be suggest
ell AMI adopted, let Us horc that patriot
ic, high toned spirit, bent on publication
Of the public stalls under the Democratic
HE NEW BANK BIIL.-A Washington
dispatch says the banking committee had
voted down all the amendments to The new
bank bill. 1t will therefore be reported ia
the House in shape providing for the is
sue of S95, 900, 900 of National currency to
the states having less than their proportion
and for the redemption and cancellation If
S45,0oO,O0o OF the per cent. certificates
and Tor the cancellation Of SO. 900 600 Of
legal tenders. Also, the additional curran.
cy shall be secured ~ the deposit of four
and one half per cent bonds, cxempt from
taxation and that when $50. 600 GEO of the
new issue had been taken up, all the banks
shall receive the same four and ouo>balf
per cent. bonds as security for their circu
iaton. 1t provides for free banking on the
gold basis, and for the redistribution Of
So, 10000 OF national bank notes, taking
that amount from the states loaDinr an
excess, and distributing it to states being
deficient; but this redist.ibuting shall not
take place until the sos, 900 900 provided
for shall have been issued. 1t reduces the
tax on circulation one half on all the banks
that secure all their circulation by the new
bonds.