New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-10-21
ECTIQH Va. TRUTH.


Lessons conforming to reality. and pu
into practice, are the true remedies for ct
fecting healthy change when the critica
time has arrived. With these premises
which are undeniable, the REPUBLICAN
while entertaining an apprecia.ive sense
of the Herald's great talent for tomancing
suggests that fiction is totally out of place
in discussing matters of a substantial ia
ture. If the Herald has no talent for tell
ing the truth, il has clearly mistaken it;
! mission in attempting to deal with some
thing that has no affinity 70 fiction
with something that, possibly. highly
imaginative mind can not stoop TO under
stand. Be this as il may, though fiction
in its most plausible and attractive form,
may at times serve 10 amuse even the ID
telligent portion Of . community, il can
deceive no one when it is faced by The
! truth. Therefore. the Heralds story
about '<The Government and the Cur
rency." in which il says 1.-The REPUBLICAN,
prefers an inelastic currency, and that the
! government should control The people.
rather than Che people the government,
falls 20 she ground as useless piece Of
! romance when confronted by what the
| REPUBLICAN, really said in the article
| which has set the Herald 10 yomancing;
| and if that paper is not afraid to face the
truth, il will republ;sh our article for the
benefit Of those of its readers who have not
already read il. They will then have an op-
poftunity Of judging for themselves what
sis" in che language Of the Herald. 'rhe
very quintessence Of the dominant radical
ism championed BY this journal"
The Republican party is the peoples
party; the party of freedom and progress.
and che REPUBLfCAS has consistently
championed the cause Of human rights,
while the Herald and papers of like stamp
have defended class interest and endeav-
ored to sevive systems aatagonistic to the
interests of the people as . whole. The
Herald should blush to talk about the
noble achievements of the national De-
mocracy if it has any real feeling for the
people and their right to rule-any real
preference for republican instead of
monarchal government. If that paper
dare give public expression 70 its real
feelings. it would. doubtless, assert
preference for Southern confederacy,
under a government with slavery as its
cornerstone. This is what class of peo-
pie, whose cause the Herald is now proud
to champion in opposition to the will Of
the great majority that rules, wanted in
1860, and they were backed up by the
national Democracy, and the Democratic
press Of the Southern portion of our coun.
try. 1t will not do for men of this Kind |
to come forward now and, for the purpose
of reinstating the Democratic party in
power, make the assertion that the men
who compose the Republican party and
the national administration are opposed to
the people. This little piece Of fc.
tion is too well understood to de-
ceive any one. The Republican party
in 1850 was battling against class interest
in the form of slavery. Shareholders at
that time controlled the government in
the name OF Democracy. The people be-
came tired of their control, and resolved
that'in the future they would control it in
he name of Republicanism. This they
IRE doing. Under this Republican rule
hey have devised a currency and a sys-
EN- of national banking that has proved
If great benefit to all but class of bank
RS, brokers and Spectators. They are
dissatisfied because they can not control
he government in their interest, which,
f successful, would be as dangerous to
popular government as the slave interest
proved to be under Democratic rule.
lass rule was what the Democratic party
furnished the country after the days of
Jackson, who put down the United States
rational bank, to prevent the government
rom being subject to the control of the
Wealthy class throughout the country
The national bank, as then constituted,
vas q dangerous power in the land. 1t
vas q concentrated money power, where
he government funds We're deposited, ex-
rting great political influence in Congress
nd among the people. 1t had already at
aimed power when it was overcome that
equired the nerve and patriotism of
acllson 10 conquer This institution,
onducted in the interest of the wealthy
nen, and against those Of the la
'oring classes, excited sufficient ap-
'rehension in the mind of President
ackson to cause him to veto in 1882 a bill
assed by Congress, providing for re-
ewal of its charter in 1886. And his
rowing distrust in the great power it J
Yielded caused him. in 1888. TO go SO far
8 to remove from its control the public
lnds, amounting to about ten millions of
ollars. This step was violently condemed
y the friends of the bank, but Jackson !
firm and the United States Bank
nally lost its grip on the government.
he removal Of the deposits caused some |
distress, in consequence OF
oss of confidence in the bank after the
Import of the government was taken
way; but the country soon recovered
ON this. and the wisdom OF the Pyesi-
ent in removing the deposits was after.
ard applauded His action in regard TO
le United States Bank made him more {
opuiar than ever with the masses Of the
eople. and resulted in the election of Mr..