The New York herald., 1874-09-03

the bank bill safe for the yernment because IL
is secured by deposit OF ITS own bonds. The cry
they hold Is as senseless as the other charges made
for the purpose OF creating distrust. the banks
buy their bonds IN the market as other purchasers
do, and they cost us no more in their hands Dy
way OF interest than they would In the possession
TO raise money and the government glad to
have the banks buy them at a time when certain
sna them were suppeee
should do what the OHIO Democratic Con-
and the eI naee sne Of
bank notes directly from the Treasury OF the
United states. We now have IN circulation
$3s2 600 600 OF greenbacks, for the present ire
deemable but rapidly approxmating to the vane
OF gold. II we add to this deprecated paper an
s$5iOOo COO, by a further issue OF greenbacks, as
Senator Morton well SAYS in his Terre Haute
currency ana render the resumption OF specie
payment impossible. Whenever the national banks
shall cease 10 De useful, or whenever anything
better than these institutions snail be suggested
by the democracy or anybody else, the republican
they do not deem 1t expedient to discard that
which has worked well until something better is
Inatured and presented: Whether hereafter, when
specie payments shall have been resumed, a sys-
TEN OF free banking may not be possible and ad-
yisaole, Is matter Tor future determination, and
deserves TO be well considered
LET OUR TROUBLES CORRECT THEMSELVES.
Last year we were 0vertaken by financial crisis
gigantic railroad schemes and the % bankruptcy M % OF
few large commercial houses; tnese failures in
ruined considerable number of business men |;
confidence was shaken everywhere; banks closed
their doors for o time. and debtors were unable
to discharge their liabilities. II to these troubles
had been added the evil OF such currency as was
IN use before the war. who can estimate or limit
the disastrous consequences TO the country? As
1t was about the only evil effect has been To
der business duh and PROFITS small. And this has
been IN part compensated by the Introduction OF
economical 4abits among the people, and OF more
conservative practices among business men. The
enormous iruitiuness OF the present year is call
cumulated, and Is scattering IT over the country
wmsre sna IL IS business Is revng again
any violent changes. our troubles will correct
tai employed with reasonable profit.
OUR REVENUES.
AS to whether we shall have q protective tariff,
revenue tariff or none at ALL desire only to say
that there has never been party In power in this
government which dared or proposed to raise our
entire revenues by direct taxat on. revenue
tariff, such as Will supply us withthe amount Of
money required, is sunicient or all purposes. 1t
names, and it should be SO adjusted as to bring us
the largest possible returns without fostering mo-
nopolies or depressing the masses. To settle how
and wnat 1t snail be requires judgment and eXpe.
rience. This understand to be the republican
doctrine upon this subject, and it In way difets
from the practices OF the democracy when In
power
TRANSPORTATION.
Another important matter demanding the atten-
pOrtation. All classes OF citizens and all sections
Of the country are interested in this subject. New
England, chiefly devoted to manufactures, ami
purchasing annually from the West more than
hundred million bushels Of gran-the SOUTH
tobacco Is more profitable than the raising of
cereals, and whose purchasing capacity, at fair
grain year-the great W est, and especially the
grain producing States of the Mississippi Valley,
million bushels year all these want cheap trans
pOrtati0n for The benefit OF producer and consumer
our Of an ns
five million bushels year-but these exports are
now rapidly increasing. The hope however, OF
problem is how to reach 1t without doubling and
trehling the cost OF our products. 1t is proposed
in the best manner to protect the farming and
mechanical interests OF the country without op-
pressing or wr0nging railroad corporations. This
ural and construcnT artificial water ways !'e by es
tablishing competing railways when necessary and
possibly by fixing rates on existing lines II the
courts permit Al all events the republicans in
Congress can be safely trusted to do the best thing
available whenever it can be determined what
roads. They have done too much Tor this country
to warrant 1t. They should be fairly dealt with
and properly controlled in the interest OF the
people.
One OF the important questions OF this time IL
the pacncation and development OF the prosperity
OF the South reign OF terror exists in many
parts OF the South aud unless check shall be
speedily put upon these disturbances war Of
races is inevitable. Let the democracy once more
get control OF our government and the South win
be again drenched in blood, as 1t was from 1851 to
irlen1 OF humanity who woud depl0re such re-
m OS Srser asa nsag n
uesire nothing out the welfare OF the SOUTH We
would be more than JUST we would be more than
generous to her people, but we cannot look calmly
on while they destroy each other. The colOred
people, oppressed and degraded IRON generation
10 generation, are ignorant and poorly qualified
Tor the exercise OF their newly acquired rights
They soreiy need opportunities lor education ana
it Is undoubtedly better that the two races should
be kept apart; it would be more satisfactory to
hath Vra tnstS ic hot nhnvU aud
somewhere every colored child In the land Shall
have
l see it somewhere stated that only seven
per cent of the people OF Massachusetts can
show that eighty per cent OF all the crime in the
State is committed by this seven per cent We all
know that education contributes to virtue and
good order. 10 keep in ignorance large class
ol our fellow citizens is tine most short.signted
policy. and Is suicidal in it's tendency. 1t
every man fair chance in life, whether
he be foreign or native born. black or white.
And yet we find the democracy of Ohio in the
exercise OF their hatred, appealing to the passions
and prejudces OF ignorant white men, for special
privileges TO some, and for denial OF right to
others. The republican party stands iOr the
equality OF all citizens before the law, and especl-
ally does it care lor the poor and toiing masses.
AS 1t opposed slavery so 1t opposes monopoly and
oppression OF every sort. The coored man should
be permitted to eat and sleep and travel WHITTIER
soever he will, entitled to the same privileges as
Others and protected by the same law that is over
US all.
LIQUOR LICENSING.
The republican party is IN favor Oftemperancc, as
1t Is OF morality in other forms. AS party, repuDli
cans have not gone to the extreme limit ot prohibit
ton, for the reason that some have
doubted the possibility of success, and others
have deemed 1t lnexpedlent But what
temperance legislation We nave has been
given us by tine republican party while
the democrats would, II tney dared remove all re-
strctons and allow absolute Tree trade in liquor.
1t would be well lor our prohibition friends, now
that license has been killed with the new consti-
tuition, to remember this. They possibly hold the
hn n N IN ot
the ballot-box whether the party OF temperance,
which, however, does not 90 quite so tar they
DO, snail be placed IN power, or whether the ene-
mics OF their cause shalt be substituted IN our
places TO undo all the good that has been accom-
pished.
GRANT AND THE PRESIDENCY.
Our friends of the opposition seem to be greatly
exercised lest General Grant should be the choice
Of the republican party for q third term, and they
llI lnlIIl ras fhn4c