New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-27
NO.

/ | can use tA1S eMpA1lAS Ao6"1Ns o"@ ss0A
BY il. Especially fortunate is the eouu
try whose laws are executed by chic
. Office. who can refuse partial and !oca
. demand TO, the exercise Of :. powe: tha
cas not even be called doubtful. I: is no
| for the purpose Of fattering the Presiden
that We comment upon and commend hi
frmness in refusing 70 eutes the s.oc
market to: the relief Of selfish epeculato:s
II is to congratulate the cocntry .ha
there should be one at the head Of afais
who remembers the sacred restriction
that hedge the several and separate de
psrtments. It is to remind the Republi
can party that its cardinal and tsaditiona
principle is o jealousy Of tie singh
person, the zone man power :ha
| it deposits all discretion with TIE repre-
sentatives Of the people. and ever
restricts their action by the Fundamental
conditions Of organic law. Upon THU
particular "union Of the purse and
sword in the hands 0: the executive, tht
American people have had a memorable
lesson. Many years ago President Jack
son removed Secretary Of the Treasury
for refusal to transfer tie deposits OF the
peoples money from place where the
peoples representatives had placed it, and
appointed another Secretary who made
the transfer. The high character Of Gen.
eral jackson. and his undoubted motives
70. this act, sustained him, but many Of
the pures: patriots and ablest constitu-
tional jurists demonstrated a want o.
power in the executive 10 save the public
money, even from house On fire, let alone
from the Golfers Of suspected OK IN.
popular bank. The record Of discussion
will be found replete with examples Of the
mischief resulting from this combination
Of powers in the same hands, and its re-
form was shown to have been one Of the
chief objects Of department Limitation in
the government Of England and cur own.
General Grant has had to withstand a
pressure 10: developed in the days Of
jackson. and not to have been exercised
by a single moneyed institution. Jay
Cooke Lad been valuable fnancier during
the deepest crisis ofthe war. He had planted
at Washington an influence which effect
ed all that money could DO. This in.
fuence. we would infer. had been for
months past at work. 1t is even possible
the Northern Pacific company may have
proposed such an appeal to Congress IS had
operated SO successfully with the Central
Pacific. in New York the pressure and
panic was more intense and the influences
brought to bear more importunate. Said
one OF a company Ct merchants who
waited On the President With request
that he would turn into Wall street forty
million dollars Of the peoples money:
1T was pretty substantial party. ]
should think it represented a hundred
millions" WHO, indeed. can compute
the millions interested and involved in
that demand: What said an excited
speculator, sis the use {: talking about |
law: This is a necessity Ia: is above all |
law"
Nj. Receriy johnson Lad prepared an
elaborate opinion. that tie application Of
he reserve fund to the .e.:e, Of the money
narke: would be legal.
The President withs:ooi III this, with |
he sule,added biand:shn:en:s Of New
York hospitality and tie censu-e Of New
FORK discomfort. He listened to all. and
'ezed one reporter, hy Us ''s.olidity.'
Perhaps other counseis Laa before impor.
uned Linn to abandon !: fixed purpose.
lay be he had Oh other occasions been be-
ought to o-de. up preserves" destined to
nothe. purpose. ANY way. he said moth
ng, but issued his orders. through his
djutant general Of finance, Secretary
This a,. o. Has quiet, but
ocided. LIE directed lie Secretary Of the
-ceasu-y' to purchase outstanding obliga-
ions of the government. and 20 anticipate
oMe other engagements :0s pubic relief.
lakins the legitimate aid extended by the
oye1nmert equa! 20 about thirteen NIL
on dollars. Here was. then. tie frmness
I a sentinel over the trus: veposei by the
eopie with that consideration Tor CONNER.
ial suffering which gave al the relieflaw.
IL. If President Grant were mercenary
IAN. is j. supposed tia: any amount Of
honey could not have been extorted for a
reach of trust to the people: Were he
le marcenary mendican: Labi.uaily por-
aged by his revilers. would he have per-
lifted to pass SO magnificent al oppo,:u-
ity OF personal aggranlizemel,
He has done his duty IL this. as in
her things, honestly. modes,.y, kindly
ld firmly. It is in The same spin: that
z has executed tie laws obnoxious in
le;r operation. ye: Jaws e. which the
preventative department: IS responsible.
he Office Of . cou.: ~. execute as
,ocess. hu: the e:ros 6: a ;udgm4r:
oithe- tests with Lin % answer nor
neu!. This is =: .,:.;s:n.s.:. zz- c
utsvs discretion IS ncr..cl-. ::
plain :ha. T.es:t:e.: Graz: has +
ken :l:s view Of LIS duties :.i .espon- =
b!li::es. He has been :eproaclsi :og
5 :e:icen:e. as was no ,..oub: Cromwell. =;
ID Monk. Marlborough AID William S
e Silent. Wellington and Washington. G
Sa-- - - ! /
remembered .or lis achievements. [
nile Ire wits who made game Of them {
X ln,,r, Sinnn Kan fn-rn..on G.. [ J.