New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-11-29

With reference TO our true contfe OF gravity;
no wonder commercial issues are unde.
cided, in limbo, suffering; until the moral
Issues of mutual interest and right feeiing
are adjusted. OF what use union OF lanas
without = union Of hands and hearts. This
notion may be eatirically sneered at even
vet. But q people that must die out before
peace will come to their territory Will
leave . progeny noWise liberal or efuIy
American, but shrunken rather, and dwarted
i,nobiy. Are not the minors and un-
scratched recruits the most demonstratlHs
in every exhibition OF sectional feellng
The nation that has to skip generation 10
ind il, continuity and unity, or thinks to
do 80. NAV as well acknowledge the lame
meas OF the logic OF its calculations. III IL
we're possible for one part OF the country OF
one class Of interests TO continue an on
hinde1ed growth alone; that would DC .
sure sign that other sections ana 0theI M
terests were abandoned indehnlteis' ehao
our Development was never 10 20 syn
metrcal, proportioned, fslr anu aai,siuI ~
Therefore, if that is what God means ..
present providences applying the brakes
with grating. almost jolting harshness 10
our material progress, viz: that the tbings
of first Importance to thoroughly AMeri-
can nationality should be settled first; that
the main stem of our development is moral
unity, rather than geographical or eco
nomicai, the main line OF our career Is the
central track of real and not hyp0crltlcSi
oneness, peace profound and impertur0able
hecanse genuine and heartfelt. not cullen,
selfish or proud, and on that line the express
engine Of our progress must stand sui, Mss
ing steam, until freight and rubbish ana
had rails are all clear away-if that IS MS
meaning, we will thank him that he stopped
us lust in time. But l anticipate.
< great war between brothers not only
n A.. nv at force can 90
to throttle the innumerable channela OF con-
cord between the same flesh and blood, dry
M the springs of common sentiment anu
common culture whose proper work 1t is to
| interlace and feed and pad and lIbrlcate
co-working organs, and harmonious actions
| broad unmixed activity; but those hostile
and malignant forces are busy as SATAN
himself with fieDdish delight IN destruc'
| tiOn of wealth. accumulated values, amass'
| ed results of labor. and labor itself diverted
and diminished BY death. Not that we re-
gret it on the whole. Let the destroyer have
| the price. We do not value 1t LAT pins
fee. If We only get that for which we paid
| it.
But. nevertheless, there has to be money
borrowed to furnish food for his capaclous
NAV for this gigantic hopper OF the
gods. And when you have borrowed
money. drained your own resources and
| IA after all yourself when it is over; your
whole establishment, besides being depleted
| and out of Joint, is mortgaged for much that
| it can produce for many day. You set out
| to create values by your success IN the con
| hict because nothing was OF so much value
withoutit. Aud you had right to print on
| green paper an expression for those values,
vet future and to be realized when the shlI
of State comes in with all sails set and a
| $500, g-o,,, ox.orr Ioo,,1v 6nvatOyad RESOURCE
| of The nation, both moral and materla!
| Aud if you could find a maj ,rity Of civil
! lied people at home and abroad to take
| those expressions and hold them until they
received the values themselves, you bad
the vote of the civilized world that YOU
should 90 into the business of making
| country on that scale. But now, II NUT
| tering passion and discOrdant or dlla
tory counsels, natural catastrophes anC
paving projects delay your income, which
should be according to the conception o.
YOUR hackers and yourself; why then only
| other mortgages, overlapping the first ane
watering your stock with more paper, VII
enable you to seem to pay your debts anG
| live in style rs before. Meanwhile. thu
very process Of conducting business in this
way promotes, by one huge but warrantablt
example of trust, an overgrOwth of credit
a counterfeit of true faith. which is the lif,
! of trade as Of all work. begets the con
fidence of the confidence man. And doing
business by paper. keeping open an accouu
| which has the name Of every huckster anf
| horse thief on the the alphabe: Of you
| ledger: an sc.u1t W iich is never settle,
either, while all these middiemen AM
| handlers Of your securities are multiplying
! withou: number and without proportion
ately increasing production, multip!yIn!
| %horrcalrQs contrary To nature
! hybrid class, without wheat or gold or hare
hands to show: you must expect tina. 'hos
who want nothing but gold or substantial
products OF labor will leave YOU. whel
the OverDlown bubble OF confidence bursts
to look in vain tor the fragments OF the
rainbow Of promise in it: to be anxious 10
the little spending money and daily breat
LETT. in time of extraordinary natural cal
antilles after paying interest due. ! do no
forget that some of this you are paying t.
yourself. But are you going to distribut
IL! when bona tide work and products o
your own will not bring pay from thOs
who do not receive the cash as you dc
your countrymen, who do not want the pro
ducts, because they can not pay for them
and things are not wearing out as fast a
they were q while ago. When there wa
vast consumption in the friction OF tn
upper and neither millstones. there wa
merchantable paper. But that buyer will
STOP and did stop as soon as ever it wa
possible. And he does not come to you
counter any more as he did. And you maj
be thankful for that. For he is yourself il
another capacity. that Of government. an
you are responsible for his payments. Blu
stopping consumption on so vast scale, yo'
soon stop production with its profits on thu
same scale--leaying it is trne. large and. il
| ovhnrhitaOt nrOfitS n no HauE
of the fortunate ones that stood at tn
fountains Of material needed. Their Golfer
or cOrporositics are plethoric. perhaps con
gested with the rush of blood transfuset
from the shrinking veins of the republic
And no wonder some Of them are intoxicated
with wealth and spend it thr!ftlcssly a
home or amid the laughter OF Europe
Some Of them may. finding so much currenc,
in their hands, resort to the nearest ant
noisiest scheme of doubling it, and g.
stimulate some kinds Of production an,
labor not Immediately rerumeratiye. though
it does steer straight tor mines OF gold ant
silver on our Northern border: until the!
find that this all depends on values yet t.
come: and the values are not coming: the
promises can not be met: and single
minister's son in trust company. turned
confidence man and speculator. can tap th'
whole zamiticatiOn of the credit system
leak out the biggest tub of all. the yer.
one that held the government mash tor
merly in process of fermentation to- thi
bout Of dissipation. And this. together with
few failures OF sly Fanderbilts TO connect
and of others altogether. a little falling gu
| among thieves. and a few more defaications
here the remains of great fire. and Their
o! a still! greater: they find that al! thes
things are no encouragement 20 simi!a
labor ard similar business policy any more
even il they have the surplus. are not IL