Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-03-12

H. HH 49, EAa D.
government, Is Ia fact, not more q
measure for the we'll being Of labor
than il Is for the safety Of proper
~. The organic ltiOn Of a Board
Of Public Works, even limited
though the duties OF the Board will
necessarily be, Is not more COM
mendRble as q stimulant OF Indus
try, than It is as an enhancer OF es-
tate. And public education, in 2
society whose political power rests
TO so great al extent in the hands
OF men without property, is GER
tainly not called for more as a bell
eft TO the poor, than Al a safeguard
to the rich.
The mutually of the interest Of
labor aud property in the reforms
of the new order Of things, is not
greater in other particulars than in
that of a wise REIMBURSEMENT OF the
old system OF taxation. Under
every principle OF justice aud pol
icy, the State ought not TO impose
any membranes whatever, that
may prove in the least injurious TO
the productive energy aud labor.
For, amongst other reasons, any
tagging in the earnest application
Of that power of production, IN.
wolves a direct loss of the income
of the wealthy. And therefore
does the system of free labor which
we have crowned with polit cal SUI
prcmacy to-day, demand that our
taNIlion shall be made to bear
with the least possible burden ON
industry, in order to keep that in
du,,ry up to the highest level OF
activity called for by the real in
]tcrests OF property.
All classes Of cur society are in
lrrcstrd in the wise employ ment Of
our capital. The surplus income
which bad been abso bed Of cd in
the purchase Of labor, will hence.
forth, aggregate into large accumu-
l%ations. Domestic capital will thus
for The first time in our history,
become an element in the State
aud even already shows signs Of its
presence in the numerous projects
presenting themselves for It's EN-
ployment, The restless activity in
that direction is n cause OF apirc.
hcnsion and suggests that the vs.
est and seyeresl scrutiny be ap.
| piled IN dealing with projects
which may involve the absorption
Of our active capital. In fact, a
mania of speculation Threatens us ;
and If we do not treat it with
iirmncss aud foresight, may, MS it
ever has done elsewhere, not only
plunge us into financial disaster,
but may result in such bitter dis.
appointments to individuals of en-
tcrprisc as to leave behind It, for
many years, Il heavy discourage
mcnt upon measures OF even
healthy progress.
The new administration, in act
ing As 4 drag upon Il progress of
dangerous rapidily. will set its face
ag inst additions to the public debt
II viii dIsCOuntcnlncc all measures
dc,. gurl in q speculative temper to
open the doors for burdcning the
future by an increase of the liabill-
les OF the people OF the STATE
When the State shall have been ell
ablcd to place her business on 4 ba-
sis of cash. and her counties and
cities shall have reached Il financial
position frOm which they can meet
their ordinary expenses, not Mt a
discount OF twenty or thirty per
cent. on their paper, but at the par
amount in money, we will have
reached point at which ii will be
time enough Tor II spirit of even
vile eutcrpri,c to think of plung-
ing US inioa policy Of municipal
loans.
The North and South have long
been distinguished by general di.
yolgencies Of mind. The Southern
thinking took the direction of a
pure intellectually. That of the
North followed the less lohy but
very much safer flight of material
wisdom. Southern statesmen have
ever sought, aud even found
strength amongst this people by
achievements in political theories
while the statesmen of the North !
the less brilliant, but more
judirious course of achievement In
behalf OIindu,iritl greatness. The
one group of thinkers gave their
section doctrines on the theory of
government, while the other group
gave their section hsliug.bounlics,
colsting-Iaw,, harbor-improye-
ments, stcan-,hip.subsidies, navy
yards. riff ..mamufactOries, railway.
grants, and all those gift Of prlc-
teal wisdom By which they had
been enabled to accept the triumphs
OF southern theories with the as.
sured patience of men who had ell
tered on the policy Of erecting Il
physical strength which could, ut
It's own good pleasure, crush those
theories INTO powder under their
heels.
John &. Calhonn's genius was of
the very noblest. lthas left to the
people the cIcyating in-
iluencc OF brotherhood with n tran
intellect. But with this
tribute 10 the memory OF a great
man, what, let me ask, have the
of his wonderful mind
given the people he loved well, IL
not wisely? In tenderness for
fame do not ask you to turn
your eyes tor an answer to his be-
loved South. Look for an indi-
rect reply to the canal, the railways,
harbors, the distinguishes, the
,Oasting fleets Of the North! III
these do not speak out to you a
plain answer as thu results accom-.
L.. C..tl.-- .-