, 1873-10-16

Caims Of Southern oyansss..-.. ........ 2ooo0,o0o
In support Of all these demands. the lobby can |
claim, almost without an exception, all the votos
Of tho Senators mud Representatives from the
Southern StatoB As class, tho persons repro
senting those States who aro not adrenturers
nre iu favor Of tho largost distribution OF tho
largest possible amount Of pluuder. SO long as
their Boction receives any portion thereof. Mat
tors have not got progressed far enough at tho
South to produce statesmen or men OF principle.
Tue carpet-baggera on the ono land, aud those
who want to mako tia Union repair the ravages
of tho War Oh the othor, will unite and support
nny achemo. or my number Of schemes, to de-
plote the Treasury. Nor will the lobby that will
haIo these things in Charge be Southern ono.
The bonds Of all these States arc in the hnnds
Of Northern men,-thoae who havo encouraged
thoir Issue, who have bought them on speoula-
ton at nominal priceB, and who in their present
bankruptcy will bo willing to promise liberia!
contingent dividends for votes to havo thoso
bonds assumed OF guaranteed by tho General
Government. In tho vaults Of various suspend
cd bauks aud bankers at tho North thore aro
now living tho bonla Of eli these Statos. Theso
| bonds arc worth from to 50 cents on tue dollar,
| with acoumuations of unpaid intcroBt-couponH.
! Their assumption by the United 6tatos would
| place them at par, and tho ho!dors can veil Of
| ford to promise distribution Of 8100.000000
among those who will support the meaaurc.
| At lcaat one respectable paper in Philadelphia
| has already urged that tho Unitod statoa owes n
dobt Of gratitude to Jay Cooke for the millions
he nude handling public securities during tho
War. It has suggested TINT the nation can only
pay this debt Of gratitude by subaidy In Ma
tlona. bonds to the Northern Pacific Railroad,
such as wns paid to the Union Pacific and WAS
stolon by tho Crodlt Mobilior. In support OF
thls enormous job, there will be an oarnest ap-
peal mado to tho Republican party as party;
it will nlao llave the prayerful and personal sup.
port Of large body Of tho olorgy, and Of that
largo number Of Christian statesmen who advo-
cato any measure WHICH distributes public
money aud employs pioua people to handle the
funds.
Tile james river Canal and tho Goorgin
Alabama Canal schemes aro proposals that tht
United States shall guarantee the bonds tha
may bo ihsued by private corporations to con
ssruet tloso impraoticable works. They vii
receive tho united support Of the souther'
Suites, which support will be extended to th
subsidy of tho Northern Pacific Railroad, an'
any other schome, in return for mid to pas
those through. These measures will also lav
largo Northorn support. All the bonds issue
for those works will have to bo negotiated an
Bold by Northorn bankers, brolsors, aud specnlu
tors, In fact Wall atraot IL by far moro iuterasi
cd, In pecuniarY senBo. In thcso jobs tia
are tho people Of the South. With the latter
iA d sentimental questlon,-that, 1t there is
bo grand distribution OF thousand millions
National bonds, the South may Us well havo
Bharo in 1t as not. In Wall street, tho quoHtic
il Que Of plundar, aud tho expectants Of Il
: plundor will bo the more vigorous supporters
the measures. For three or four years ii
achomo of forcing the National Government
r purchase tue Erie Caual, or at icaat advance Il
r money to enlarge It, has been preasod up'
T. Congress-. or course. IL Congress- ia to so ii,
,a golloral system OF building canals, this job
!. tic Eric Canal canuot be overlooked, but will
IL into tho omnibus scheme, wlioh will contain
20 tho designs upon the National Treasury.
III Tho rofunling Of the cotton tar ia now
1t veteran Job. The tax receipts hare oil be'
I'd bought up by spectators at email cost, q
IN tho plesent holders can afford to promise a l
's, eral percentage Of tho S70,000,0 900 for votes
ho carry It, Whatever thoy got will bo q. 6
In tuity OH tho part OF the Government. At
by time this tax waB paid, cotton was selling
Of wlatoyer prices tho owners choose to aak for