The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1874-12-23

I iaug enTIHE BONDED DEBT, sis'sl
and its accumulated Interest. BY
making banking free to all it would
cease to be2a monopoly, and become
a business IN which all might engage
Fl would not at once resume specie
4 payments, ,qbut watching for the op
/ p6ftunity to take advantage Of The
first era of prosperity when Il be
+ heVe It might and should be made
| the basis oflaltouFrency. That this
EleGaktender a6itcdlation may adjnst
itself to the varying wants Of the
I people,:it might bel made eOnverti-
bleIintoa bonds. at al0wi rate of in
f,terest, d and Feconvertible into cur
lsreney, hatiatsthe sameI time saving
/ threesfOuFths aofa the interest now
paid bydtheo government son. bonds
held by the banks, thus protecting
the country ffomlthe baneful effects
Of expansion and u contraction i
would study ovaxeid on one hand
| the ey.llsfipciaent 70 an, inflated cur
rencysfYitho ,its spirit of gambling
and Nila speculation, with ultimate
ruin TO, all homes, and, industrious
classes; and on the other. ! would
as esedulously avoid that contraction
which doubles the indebtedness Of
the people make the, rich poor and
grind The poor in the dust. while it
benefits only the fortunate few.
Hence While s'ii' 's"qi''o9 Sa9sa7'i -
l'@'ls Pay jlsPECEF.s Fl 1Y2KEESa w III 7,''i'a
should be reached as rapidly as pos
rslble,, it should be. attained without
too rapid contraction, less the .peo-
pie, with reference to their fndept-
edness, their daily wants and their
taxes, be as the = Tsraefites, when
they were denied straw to make
bricks, and yet fequired TO fiji the
fuff measure Of an Oppressive task.
ih1 s7n '7HE IAXLNG . P0WERi II
should be spairiingly used It's, B6r-
theps, should be borne by the entire
tproPerty of the couhtry The tariff
as it wrings from the people. and
ESPECIALLY from agricultural labor.
their hard earnings, aud yields them
7 a prey TO the sagacious power of
monopoly, Under the spurious guise
TO infant manufactures,
risIwefi wortby&its barbatfe originVa ]
lcann0t discuss THE tariff in so brief
a space5t Iiam,' however. In favor of
"a cautious and gradual return to- q
strict revenue ,1standard,r having re-
ference both to.the revenue and to
the dangers incident to a too thought
Jess, rapid, dandg sweeping, change.
w e may y-eVenl now lay the duties
upon such articles asrwill not, as fat
present, bear most. heavily upon the
great mass Of the people-upon all
save the privileged and protected
uleWraE t14amu3 Iaaa ae 1ul aoi-a4aa
,sri9iius nssd LABOR, ni ia,l .fr-....
-beingathe source of all traea wealth,
it should be relieved of the oppres-
sion ofrtarif and monopolies. Itis
not perhaps, singular that party
Of profession, monopoly and oppres-
rsive exactness. should provide a bu-
reau for all classes save the labor.
ing masses, who bear the burdens
and hardships Of peace and war, We
should either. provide for an interest
which. lies at the foundation of the
glory and prosperity of the nation
BY an appropriate bureau of labor,
or we should leave all. to an equal
chance i'm the struggle offife, Those
Enterprises which have to be created
and preserved by legislation exist
FOR themselves rather than for the
public good. We should, therefore,
Cautiously uproot the whole doctrine
of protection from our system,
whether it exists in the form of
ftariffs, subsidies or bounties. We
Should not extend to CORPORATIONS
powers not allowed to individuals,
thereby creating monopolies, too
powerful for the2 restraints aof' gov
erfimeht." " When such CORPORATIONS
are absolutely necessary to- attain
some great and beneficial end. not
iotherwise attainabie, they may form
an RECEPTION; but. even then, the
State should reserve "a superyIsing
power suffieieRtlte, fPretectsrits citi-
zeDs from their banefnl influencezGs j
sdi lfNfERNAL ZdfPR0YEMENTy3 4
bE the general q goYern p nepttl h are n nnwise,
and ought never TO beeupde dertak ten ex-
eept in cases, of, paramo ount necessity,
and when single State power is INSULT
cientger impTacticable. From this rule,
/, would. expressly except the Mississippi
river. and its Important tributaries, such
as theT Tennessee, Cumb land, Ohio, and
Tn fba Ion plraora nF ono Of nIlr
greatest statesmen, it Is rather'an inland
sea. ,ssa,tl99 than 2 common On Flyer. The great
,ps .asegsA AGRLCpLTURE saasuAnl /
being the high. rate of transportation IL
is the duty a0f sthes government toIaaae
every possible CONSTITUTIONAL poWPEftO
Afford wateB trarsportatlons whereby lfhe
farmer may obtains mark ct for his pre-
lace atssuch .ratesfiasa will relieve him
from dependence upon the cHprices. and /
ofapeeulatoTs aWshileua,
.age7 THE PUBLIC DANDB ali1h
mould, as a general rule, be sacredly |
leld for actual settlers, the government
laving already bestowed large quantities
If the public domain to northern and
middle Pacific roads, sense Of justice
md equality would suggest the donation
# d sufficient Quantity to insure the
peedy completion Of d SoutherE. Pacific
necessary to the growth and
of the South, and especially
Il TENNESSEE. In that. correction i
you'd, within CONSTITUTIONAL limits
1IREGr LLERs ,elo GoKMERoE
BUR0PEAN M.4RKBTs, .aa
8 tending to lessen the cost of transport
big both exports and Imports directly
enefitting the producing, as well as all
rlier classes in the south, and bringing
ltich needed Immigration The south 4
eeds nothing more than immigration
rom the north and west, and. imrnigra-
ion from abroad Of D frugal and thrifty
lass With direct and bold action, based
n these and kindred principles, the com
tffa1efnu +sfhfaI 4axV eesfT athn land naaca