New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-13
POLITICAL.
South Carolina Politics.

The Renubiican convention have done
,;+tla else than wrapgle The Chamberlir
party have things their own way.
It is probable vote Will be procured TO-
night
schurz Ratifes the Peoples Ticket.
ST.. LOUIS. September l2-At the ratif
cation meetipg Carl Schurz declared the
movement had his earnest sympathles
He approved all portions of the platform
that bore upon the State affairs, but wal
sorry to see the convention on the fence
about finances. He would support the
nominees and Peoples Convention. and
disavowed any personal interest IN the
matter.
Butler Opens the Campaign Ills Speech
. M characteristic Announces Himself
in the Field fer CoDeress-National
yssues Discussed-SOuthern Outrnges
Reviewed.
GLOUCESTER, Mass. September i2.-Gen.
eral Butler opened the congressional can
vass in the Essex district tonight with an
elaborate speech mainly on national topics.
After announcing himself candidate tor
Congress and explaining that the state OF
his health had prevented his appearance
until to day, he proceeded to consider the
outrages in the South and draw comparisons
between the protection afforded to her sub
ects by Great Britain and that given by
the United States to loyal citizens in the
South, as follows:
The King of barbarous tribe in Africa
took FIVE Englishmen prisoners who were
peacefully trading in his country and march.
ed them to his capital. The whole English
nation was aroused, war was declared and
an army was transported half way across
the globe. The army Of the King Of Abys.
sinia was Overpowered in battle, his capital
assaulted and demolished and its treasure
brought away by the English soldiers and
their cOuntrymen freed from imprisonment.
honest, peaceful men, pursuing the
ordinary avocations of life upon Amer
lean soil, protected by the American
tag and our constitution, and our
laws, whereby they should be unmolested.
can not have that protection and safety
and redress for their wrongs which Eng
land can give to her citizens, even when
subjected only to imprisonment, amid the
wild jungles of Africa. Is the red cross of
st. George SO powerful to protect and save
its subjects, and the stars and stripes so
powerless in our own land, upon our cOun-
trys soil, in one of the richest and what
ought to be the most peaceful States of the
Union. Let me be just to the men OF the
South, and give the excuse they put tor.
ward in justification of this outrage.
They say the government of the State of
Louisiana has been seized from the old
white residents by votes of negroes, State
government set up of whites and blacks,
which is corrupt, and eating up their sub
stance. We need not stop to argue, or deny
the truth of this justification, and that too,
not because the corruption of the govern.
ment is no justification Of the murder of
ho ,;+;1opo NV armoI vinlopoa hocouoo
other and numberless murders, too we'll
authenticated to be denied, have been
committed in the States of Tennessee and
Kentucky, in both of which the negroes have
40 power in the government, nor any
power of self protection, but which
are wholly under the Democratic rule. So
it il clear white mems leagues have sprung
up all over the South, as lawless and muir
derOus in the State where the negroes
are powerless as where they have power in
the State governments, and as their wrongs
are done openly and continually in these
States, it clearly appears that they are parts
of plans to renew the war, crush out the
negro, and deprive himself of his political
rights. Indeed, read in Southern paper
a notice served upOE the negroes. that they
must either be deprived Of all political
rights, or the State will be military terri.
tory.
This, then, is war.iand the men of Essex,
as on the seventeenth of April, if needed,
will again march to save the country from
traitors hands. 1t is my determination to
do all in my power, if elected your repre-
sentative, to set the matter right.
General Butler next took up the finance
question, going into an elaborate explana-
tion and defense of his views on that sub.
cot.
He denied emphatically ever having
been in favor of reputation or any thing
but sound currency.
He opposed the resolution of Congress
adopted in 1869. providing that the bonded
iebt should be paid in gold. because he
lract having been made, he had never,
,ither publicly or privately, expressed an
opinion otherwise than that the promise
must be kept. After referring to the
amount of bonds held in
foreign hands and interest required,
inc General continued: The effect upon
Is has been Oyerstrained business;
over stimulous to impOrtune supplying |
and the increasing value OF |
,ur bonds, until that bond which was
bought for thirty cents in gold is now CON-
ng to l05; until the rate Of interest, which |
up to that time had not exceeded in this |
six per cent in large or ex. |
ended Investments, has now come to be on |
IN average nine to twelve per cent; taxa
ion has become nearly One-thiri of the |
earnings and dividends of the ordinary |
business enterprise. Meanwhile our system
# national banks, with their notes
guaranteed by the government and our |
egsl tenders, whose validity has been
established by the opinion of all the highest
judicial tribunals Of every State and Of the |
United States, have become the best cur /
ENJOY any country ever saw, based upon |
he faith Of the nation, secured by the |
hedges of national bonds, portion largely |
4 excess of the market value. A dollar Of |
United States money at par passes from |
and to hand in exchange for all the COM |
nodities at the same value over q larger |
xtent of country than the currency of any
ther nation in the world, not excepting |
old and silver without deduction Of ex.
hAnge.
If l could stop here in describing our
condition. nothing would give me |
more pleasure. No statement could be |
MADE OF greater prosperity or greater |
uccess OF government in establishing the |
inances OF its people; but it would not be
to take time now to examine.
as paid the highest rate Of returns. while
f all Others it should yield the
,west profit, because if rightly managed,
is most safe. No businesa in fhis
Ountry for the last fifteen years has given
nch enormous returns az the hant;n"
their dividends, surplus revenues
nd the rise Of their shares. No mannfac.
1ring stock will stand beside them: M
abroad stock will compare with them.
o ., business. enterprise Int Int, Wat ia.
"a onuu,ry -hIa dov
ldgment is the rate of interest for
us;ness proposes. At the East it ia
ON eight to nine per cent, in the West
velve to fifteen, and even eighteen
} twenty-four per cent, and so great
re these rewards of money lending
lst many of our shrewdest capitalists have
ithdraw1 their money from business en-.