Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1871-08-18

Sd SsIus u1ruii fst suprfAl ltr. This sen
/ teuce is not mere aph9risn but q maxim. ap-
I rlicable &c all governments which recognize
/ people, bar especially applicable to Republican
T government II is the Foundation O. all true
law. IL s the foundation Of the right q subyert-
ing iaR-sud laE means government, and it Is
I Tue 1pt1, TO which al government ought TO
tend II this be slI rue and reasonable. never,
may 81 be said, cal u be more true, more
reasoastie more apTosite, than when applied to
the chaos o. public affairs in the cry Of New
OK, and 70 the tyranny which mas caused thst
chaos There in this hemisphere, not only re-
moved fron The power of all absolute govern
meuL but from She doctrines which sustain or
ls-5ad such governments, where the lareesr
soaere Of iudepeaien; thought and independent
action are claimed 20 exis- and to be secured
vhere equality Of rights is the measure Of righa
and consequently where wrongs are entitled to
no INN unity, there Is established 7uariumri-
rata, 81 oligarchy Of four men, exerting pow
err Inconsistent with freedom, with public or
private safety, and 7crpetratinc abuses which
no tyranny elsewhere OIL this earth ventures 70
perpetraie. because Of the immediate inevitable
violent penalties incurred
With > sublime courage. 81 intrepid peril
nseity, manly fullness, clearDess and precision,
the New York Tine. has exposed 10 the Ameri-
cap people a mas Of frauds, demanding a most
eaac-i7e, unspariug punishment-s punishment
q. ss.#-
lat the State Of New York and not only wsr-
rants, bat calls upon the general government Of
The United States, to perform one OF the highest
duties OF the national Constitution. the restora-
lion TO that State Of "a Republican govern
ment" ti5s cal. in which every sister State
Of tins great Union is 10, merely interested, but
iIape-iousy legulred. for the security and We
iEIe o. each, 60 listen to and to enforce It
obviously involves the Sc general welfare which
the Constitution Of the United States wss or
dzined by the people OF the United States to
promote and 70 maintain, which Constitution IL
81 the supreme law OF the land 80
But before such iuterpcsition, never uuneces-
sary To be employed is resorted TO. are there no
Other remedies We trust there are. l. A bill
fled in Court Of the United States by tax
payer residing oa1 Of the State Of New York csu
compe. an imusiAte production in such court
Of all the records Of that city. Of every voucher Of
its finances CT every evidence written or parol. to
eluciiaie N pecIuiAry condition as affecting the
uuqueglc nsbie right Of every taxpayer to full
unresssyei disclosure sud exposure :. The evi-
dsuls Of q single instance Of fraud Of such
magnitude as to bring it within the Jurisdiction
O.. sach court being placed before its conscience
such court can issue al injunction prohibiting
the further Issue OF the city bonds for purposes
aud to Al extent not warranted by the objects
for which the law authorizing the issue Of such
bonds Sas enacted. It is manifestlya case Of
waste, and the principles which confer and gov
ern the equitable power Of stopping waste, are
the Analogous principles of such case. g. Cagi-
tslists meanwhile ought publicly to unite s1d
thus prevent the sale Of more bonds 1t my ie
urged IS to such step thar it would injure tie
credit Of that city. The reply Is, can anything
50 certainly destroy that credit as to permit ne
continued emission Of its bonds ad libifum. thar
Is st the pleasure Of the quartumri7aiee And
to this measure Of precaution, there Is pan
mount motive. Capitalists msy imperi! Their
capitals At viii, but are they not bound at the
earliest moment, and by every practicable up
right means, to protect the property Of the nurrs
rous industrious frugal poor invested in the sap-
ings Banks Are they not interested IL rrs-
venting an immediate run upon those in aitu-
tons, thereby affecting the credit Of the co nmu-
nifty a; large, Is the amount Of city bonds
held by those institutions a triae2 A nother
question, not only have those bonds b zen is
sued largely without an equivalent to I lie city
treasury, but have they net been sold at lower
premium price to a favored individu Al than
has been offered by another This lie Alleged
and its truth is not doubted. 4. Anotnt rene
dy is frequent on the lips Of earnest men, 1t is
s remedy not to be resorted to until all O, hers
fail. becsure it is the ultmatum Of hoI ,eles in
juries, but Of which the necessity sonnet INES Is 80
great as to make righteous that vhi6 b wi1ssout
such necessity cannot be vindicsted.
Z