The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-10-25

The rascally treatment being meted out to tn
Southern States by the Grant Government, an
especially that to Louisiana, is having its legiti
fortunately for us, the people Of the North VIII
have been for sometime feeling the effect, ar
fast realizing the cause.
The following article under the above caption
is from the October issue Of the Insurance Moni
tor, new prominent insurance journal published
in New York, and devoted solely to the discussion
OF insurance questions. When such journa
is forced to find the cause Of the great depres
sion in the branch of business it represents il
the horrible misgovernment Of the country b.
Grant and his staff of unprincipled hirelings, il
from it. When our wrongs pinch the Northern
pocket, our deiverance is near at hand.
Business interests in the South would seem to
have no rights that the politicians are bound to
respect. Under honest and trusted administra-
lions, that section ought to have been well adj
vanced on the road to . returning prosperity.
southern men of energy and talent have been
anxious to retrieve by industry the misfortunes
Of war, and northern capital has stood ready to
back their enterprise, but every honest effort has
been cursed by scheming politicians. To-day,
production, trade, and manufacturers are stag
nant in quarters where, under firmly estab-
lshed and trusted government, there would be
kinds suffer from the stagnation. To the
ordinary hazards of fire is added the
moral hazard of threatened revolution or
political disquiet. Life insurance, that,
under the renewed efforts to build up
Southern companies and establish Southern agen-
cies, should be creating demand similar to that
enjoyed by our Northern institutions, is checked
in its growth. Southern securities figuring in the
assets OF the companies are reduced to q nOmi-
nal valuation. New Orleans, the leading seaport
Of the Southern coast, is goaded into revo.t
against misrule that is destroying it's commerce.
The question has ceased to be one Of politics in
the popular acceptation of the term. The ques-
ton u.s. shall the Office holders rule for the sake
Of the people, or shall the people exist to furnish
political plumber? Is it republic, or is it an oil
garchy? Surely, it is time that business men
and Industrial interests asserted their rights in
that disturbed section. Shall industry be I'M
trammeled and capital sustained and protected?
this is of all Others the great political
one around which good citizens of every party
may unite. The prospect is by no means reas-
surfing to those who look with anxiety upon the
probable future of the country to see States even
IN the most difficult of positions. the progress of
reconstruction, drifting from dangerous misrule |
INTO anarchy and revolution. The influence is
contagious and the precedent is dangerous. |
" hat is true of Arkansas and Of South Carolina,
md Louisiana, may, under favoring circum- |
stances, be true of Massachusetts, New York, or |
note from these arenas of political strife must |
eel the depressing effect of bad local govern |
nents. Business men of all sections, North and |
'outh, East and West, should combine to de-
nand of ofice-holders and ofice-seekers that,
uperior to the claims of a political creed or the
Emergencies of partisan extremity, should be
laced the rights of property to protection and
industry to thrive.