New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-15

them, at time when they were necessary
to preserve the life of the nation.
| The question 40 to whether treasury
| note can be made . legal tender in payment
decided finally by the Supreme Court of
the United States, and there is not a
| respectable Democratic lawyer in the State
of Ohio who does not believe that new law
creating further issue of areenbscks "a a
| substitute for national bank notes, would
! be declared by that court constitutional
| and void.
| RESTORATION OF STATE BANKS THE ULTIMA.
TUM.
This whole scheme of further issue NJ
greenbacks, in lieu of national bank notas
| l arraign here to-day as hypocriticaI and
| treacher0us, designed in the first place IN
effect the destruction of national banks. and y.
then by their volume. aud by the decision
Of the courts, to destroy the greenbscks
| themselves, and pave the way for the
restoration of the old State bank svstsm
The State sovereignty party will never ston
short of State banks: A national currencv
whether of greenbacks or bank notes ia
hateful to that party which abhors the ma.
tional idea and declares that there is MOI
| one nation, but thirty-seven independent
and sovereign powers. The party which
claWors constantly about centrslization
and federal assumption can never ha thu
friend of the greenback which represents
the highest form of national Sovereignty
Every year the proposition has been brought
forward in Congress to repeal the law tar.
ing the notes of State banks, which drove
those banks out Of existence, and the repeal
OF which would again open up the flood.
gates for public and private robbery bv tha
establishment of innumerable kitin9 and
worthless banks in all the States, OnIv
last year Mr.. Thurman and every Dem.
ocratic Senator voted for proposition to
repeal that law which was offered as An
amendment to q finance bill.
The restoration of the State bank system
means as many systems of banking as there
are States violent expansions and contrac.
tlons, hundreds of broken banks, and mil.
lions OF bank note trash dying in the hands
OF the people. 1t means the Western and
Southern States shall again pay millions Of
tribute to the Eastern States in the form Of
exchange. 1t means that the citizen of Ohio
can not pay his bills in New York or Bos-
ton with Ohio money, without suffering a
shave or buying Eastern funds. 1t means
that no man can receive the price Of q horse
without examining counterfeit detector
to see that the money is good or that the
bank is not broken. The old State bank
system is necessary to the State rights Dem.
ocracy. The party that denies the nation
and hates everything national, turns with
sovereignty and State banks are twin relics
OF the times that We fondly hope have passed
away forever.
THE CENTENNIAL.
The celebration of the centenary Of thu
declaration of Independence on the fourth
OF July. 1876 will be peculiarly grateful to
the members of the Republican party. That
party had its origin and development in the
immortal principles of that instrument, and
to its hands, under Divine Providence was
committed their final accomplishment The
declaration that all men are created equal;
that they are endowed by their Creator
these are life, liberty and the pursuit Of
happiness; that to secure these rights gov
ernmenrs are instituted among men, deriv.
ing their just powers from the consent
OF the governed, is the cornerstone of
the Republican party. 1t 10 the grand
platform upon which we stand today,
upon which the Union has been preserved
and slavery abolished, and tho political and
civil equality of all men before the Ia " o.
tsblished. 1t embodies the principles Of
civil and religious liberty upon which our
government, after nearly one hundred
years. now stands triumphant, and which
have been impressed to greater or less de-
gree upon all the civilized governments in
the world, by whatever na ne called. In it's
frat sentence it proclaims the grand fact of
the national unity, by describing the inhab-
ltants OF the thirteen colonies as one people
about to dissolve the political bands which
have connected them with another, and to
assume among the powers of the earth
The separate and equal station to which
the laws Of nature and of natures
Sod entitle them. The existence of the
nation thus asserted in the beginning is
} grand fundamental fact in the creed of
he Republican party, denied for long
line in some of the States, crushed to earth
~ the rebellion, resurrected in blood to
i've forever. we trust, in the hearts of the
people. The declaration is the rock upon
which our political church is buil,. and the
rates Of hell shall not prevail against it, 1t
3 the goapel Of human liberty, the grand
platform upon which all others should be
,uilt. While one party claims descent from
hamilton and another from jackson, it is
he proud privilege of the Republican party
0 claim for its ancestry the fathers of tbs
evolution and their first declaration OF
rincipes for it's platform.