Middletown transcript., 1874-06-06
Letter from New Castle.
NEW CASTLE, DEL, JuNE LIST, 1874.

since my last.
Upon their adjournment the usual quiet of
our venerable town returns, and the current OF
life, which for the last three weeks was some
what agitated by the busting, anxious crowd |
that was in attendance upon the sessions of
Courts has resumed its accustomed placid and
dignifed tranquility. Like burial at sea,
there was
plunge, a splash and all is DER,
The waves rolled they rolled before,
Burly."
few ladies and gentlemen of New Castle, to
be assisted by two gentlemen from Philadelphia,
have, for two or three weeks, been purposing to
give a musical entertainment in the spacious
parlors of Mr. James W. Johns, whose estimabe
lady graciousy rendered their use for the pur-
pose. The idea in the beginning was simply to
promote the improvement and pleasure OF the
parties Immediately interested, and, if possible,
| TO afford enjoyment TO few friends who would
be invited to attend but it was subsequently
determined to utilize the enterprise by charging
| a small admission fee, and donating the pro-
ceeds to some mertorius object. 1t is pretty well
| determined to give the money to be raised, to
assist in the purchase of an organ for the Epsce-
| pal Sunday school.
The "parlor concert" will be given tonight,
| and venture the prediction that it will be de-
| cidedly crediable affair." Reasons which cam
not give, will prevent your correspondent from
expressing himself more fully, or thoroughly in
| regard to the performance, even after it should
| have been concluded, should it realize his fond
est hopes and most confident expectation. The
same reasons, however, have given him oppor-
tunities to attend rehearsals and he knows that un
| less the natural bashtulness of the ladies' hegh-
tened as it will be by their appearance in public
| for the first time, under such circumstances
| shall have too great effect, the audience will be
| amply satisfied.
! beg TO be excused for introducing political
| topic into this correspondence; but so much vi
tuperation has been heaped upon Southern and
| Western Democrats by their brothers of the
| North and East, under the lead of that venomous
organ of the Bond-hoiders, the New York World,
that much distrust has been created in the
minds of Democrats heroabouts, as to the loyalty
| to the time honored principles of the Democratic
party, OF Southern members of that organization.
The reason given for this onslaught upon South
| ern Democrats, is their advocacy of int9dtion
the great bug-bear, as it is an idea intensely
hateful to % the bloated Bond-holders u and all
| of the creditor-cass, of the North and East,
though it may be-as | believe it s--he only
plan of salvation, under existing conditions, for
the large majority of our people, composed of
producers, working-men and the whole debtor
class whose interests undoubtedly antago-
nZea by the former. Having grown rich under
the operations of inflated currency, the
wealthy Bond-holders and creditors of the com
mercial centres took few turns in the contrac-
ton screw last Fall, and % the pancn ensued
They would, now still further enrich themselves
by another turn of the screw, by 'rcdeemng
greenbacks in gold, or,swhat is a greater burden,
by raising their bonds 10 par with gold, at the
expense of producers and debtors.
The fact is that, when the chaf is winnowed
from the wheat Of this financial discussion you
lay bare just this a struggle of rich creditors
and Bohd-holders to increase their riches by
making debtors and producers poorer that it
is, and nothing more"
In recent letter. Senator Gordon, of Georgia.
says: g We have less actual circulation than any
of the leading commercial countries of Europe.
Of all the various reasons assigned for the pres
ent stagnation of business in this country have
seen nothing SO untenable as that it is due to a
redundancy of paper money. Does the expert
ence of this or any other country Justify such
assumption Are mills, miners and manufacto-
ries idle and people unemployed and starving
because paper money is too abundant? Then
let us lament the impending doom of New Eng
land with her $50 per capita, and felcitate the
: South upon her 50 per capita. And Georgia
thrice happy Georgia-blessed now with only
S3000,000 bank circulation, against the curse
of So 000, 900 bank capital before the war, capa.
BILE of expansion to $27, 900, 600 circulation"
But am unconscously being led into a dis
cussion of this intricate question, which l did
not intend. My only motive to ask a sus-
pension of judgment IN the case of Norther,
0 Democrats until they can be heard. And to pro
s mote this result would beg you to publish the
following editorial from the Savannah Morning
: Neics, one of the ablest edited papers in tn,
South, whose devotion to the principles of De
. mocracy has ever betn unwavsring.
d MORE ANON
r CIRCUMSTANCES ALTER CAsEs-tThe organs o
a the bondholders and monopolists of the Nortl
: and East, charge inconsistency on the Democrat
ofthe West and South who favor an expansion
:. of the national currency, as to equaize it
e distribution and supply the necessities of tn
3 business community. The Democracy, say they
a is hard money party, and TO favor an increas
: of the present non-convertible paper money, i
p utterly inconsistant with the proverbial tenets
lie the Democracy of the Union.
II Upon general principles the charge is not with
out force. The Democratic party, from th
} foundation of the govergment, have been in fave
IS of sound constitutional currency, and so the
10 have been in favor Of strict construction AM
II resolute maintanance Of the Constitution itself
= But when the Constitution has been virtual
i overthrown by the Radical party, and the "hghe
le lawn substituted in its place, the Democracy
r until they can do better are forced to make tn
best they can of the situation, and adapt, if pos
sible, the financial legislation of Congress t
le meet the emergency which the POLITICAL financial
P moral and social revolution has created. W
re are upon principle opposed 10 s'irredeemabl
rag money" as we are to Federal Intervention i
- State affairs. But we are not half way in eithe
" case. After Congress has inundated the countr
OF with its irredeemabe paper money, and throug
n. its money monopoly has enriched the boud-holt
= ers and STOCKHOLDERS Of the East and North, W
'e are opposed to financial policy which, undt
pretenee of getting back to constitutional cu
ch rency, would contract the volume in such wa
=. as TO still further enrich the rich creditor ca
y by the still greater impoverishment of the poe
10, debtor class. So not in favor of Il
of Federal Administration interfering with the d.
d nestle affairs of the States as in the cases
Louisiana and South Carolina, to their ruin an
. then under pretence of non-intererence with Il
X domestic affairs of the States, refusing TO unG
90 its own usurpations and outrages, which are Il
m cause of all the evil This is a sort of open al
shut game in government policy to which we,
Democrats, are most emphaticaly opposed. v
he would never have asked the Radical Congress
~, intervene for the liberation Of the white peop
rs of Louisiana and South Carolina from the ba
me ditti of thieves and plunderers who are oppre
led sing and destroying them, If it had not fiji
ter interyened TO place these thieves and pundere
!. in control of these State governments. N
Ia would we now favor an expansion of the irr
ew deemable paper currency, which has of late /