The New York herald., 1872-07-06
Grand Hurrah on the Future Greatness
Of the American Republic.
Seven Sources of Peril To
Be Avoided.
CASTELAR, WRONG END FIRST.
Schuyler, Being Out Of the Traces, Cara
coles Round the Universe.

KALAMAZOO, Mich., July 8, 1872.
Yesterday was, indeed, gala day for the many
thousands who thronged here by car loads and
wagon loads. The hotels. private houses, streets,
parks and squares were thronged to an extent
never before equalled here.
The Declaration Of independence was read by
Colonel Delos Phillips. Ex-Governor Blair was the
orator Of the day. Following him, Mr.. Charles E
Stuart introduced our guest-one known through
out the civilized world-the Hon. Schuyler Colfax,
the Vice President OF the United States Of America,
who was received with loud cheers by the hosts
gathered In the Court House square.
Mr.. Colfax after speaking OF the Fourth OF July
as our jubilee day, when patriotism enables us to
say that we are all democrats and republicans, re-
marked that our thoughts naturally turned at
such time to the glories Of the past and pres
ent OF our nation, but that we should also
improve the occasion to contemplate and resolve
to guard against the possible pers OF the future.
He quoted the striking contrast Of the great Span
ish republican, CASTELAR,, In which he classes Asia
as the continent Of the past, with its theocracies
and East Europe as the continent OF the present,
with its conflict between ancient and modern
ideas; while he halls America as the continent Of
the future, preserving the equilibrium between sta
bility and progress and harmony between liberty
and democracy, destined to be the grandest civii-
zatiOn Of all, II 1t guards against the danger and
evil from without and within.
Mr.. C0lfax enumerated as some Of these possible
perils Of the republic First Overtrading abroad
now settled by government, State and railroad
bonds, ultimately however, to be paid, principal
and interest, In American gold; and insisted that
nations, like individuals, should live within their
means. Second, the building OF and going into debt
abroad for too many railroads. Third, increasing
the State and municipal debt rendering local
taxation far more burdcnsome than the national,
Notwithstanding our heavy war debt. Fourth,
increasing the power Of great corporations. which
should be wisely limited, especially as to water
tng' stock, except by express legislative authority,
as 1t rendered higher charges on the public neces-
whenever clearly discovered in NATIONAL State or
municipal government, should be sternly punished
as greater crime than private embezzlement or
with 1t un willing people or national hOstllites,
and unless, like marriage, with the hearty
as q as b. s
avenging OF some fancied wrong, but the preserva-
tion OF the national hie boodshed Is JUSTIFIED by
the preservation Of individual life.
He stated that many regarded Capitalization as
one OF the national perils; but that depended on
what the speaker meant by Capitalization. For
himself he believed that government was only
worth its necessary cost and burden to the gov
erned and when 1t sgnifed and insured protection
home, protection OF its existence nom domestic or
foreign foes.
He closed by commenting on the extraordinary
extending from the Capes OF Florida to the Behrng
Strait and the Arctic ocean, and said the truest
test OF wise and benecent legislation for forty
Moses-'There shall be but one manner of law for
him that Is horn among you and for the stranger"
luded to the TACT that he was not any more candi
date for office, giving the appearance OF one who
fell his freedom and independence; After dinner
streets OF Kalamazoo.