The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-19
A VOICE FROM NEW YORK.

The hard money resolutions of the Demo
cratic party of New York will be satisfactor,
to the people of Louisiana and of the South
The period fixed for resumption, or at which
it will be practicable, is far enough away te
enable Southern debtors to settle in pape,
money if they so desire. When Southern
cotton, tobacco, wool. cattle, hogs, lumber
and sugar are sold for gold, the Southern
farmers and planters will ask for nothing
more except home rule, economy in govern
ment, and low revenue tariff
AS soon as every circulating promise to pay
dollar represents the will and the ability of
the promissor to make his contract good at
any time, money will again have positive
and uniform meaning The merchant and
the farmer can then make their calculations
upon safe basis. When they read price
list in New Orleans or Western or Eastern
journal they will know precisely what it
means. Buyers and sellers will cease to al
low broad margins for fluctuations in cur
rency. Both classes will act upon what is
fixed, positive and invariable. Rates of prof is
in mercantile transactions will be much |
smaller than the risks of factua.ion will per-
NIT. Interest rates will no longer be swelled |
by an allowance for changes in the price of |
paper money. The laborer may get less in
nominal amount, but he will be satisfied /
when he finds. as he certainly will find, that
his smaller hard-money wages will buy more
of life's necessaries for himself and family
than his higher paper-money wages had
done. Confidence being restored to capital,
rates Of interest on loans will at once decline
Securities representing real and fixed values
will once more become available as collater-
ais. When real estate energies from the dark
ness and mystery of paper prices it will
once more command loans on mortgage ut
rational interest Representatives of capital
will no longer refuse to lend because uncer-
tain of the value of that in which they are to
be repaid, principal and interest, and those
they have, will no longer refuse to borro
because they can not know what they will be +
called upon to pay when their notes mature
When Interchangeable gold becomes the regu-
ator of business, the result will be that Ger.
ainty which is the mother of quiet and t
.epose.
The Democrats of New York have acted '
lobly and wisely in refusing to abandon the s
cardinal tenets of the National Democratic q
Convention of 1872, or their own declara- Il
ions in 1874, or the half century old articles Il
4 faith of the Democratic party. Their 6
platform, In all respects is worthy of the
ound, strong and honest old chieftain who
Governs New York and deserves promotion, j
AMUEL j. TnDEN. a.
1t is noble declaration of principles which y
,ould have delighted Silas Wright, Daniel s. 8
dickinson, or William L. Marcy 1t has II
enuine JAcksoniAn tone and ring. 1t may
OF please the gresnback wing Of the De. ~
locracy OF Ohio, or Of Pennsy lvania, but it a,
ill serve to rsassure the hard money Demo- ic
rats Of those States that the party at large is o.
ound on tbs currency question, and will so ~
eclare when our next convention is held to "a
ominate for the presidency. Thinking liz
emocrats will be glad that the greenback OF .,
sresy is at last checked, and that the fore. ev
ost issue Of the times is to be tried on Ii,
und basis and measured by the true princi- is
es of government. on