The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-27

That We protest against the mnlupuc8uon OF
Federal offices, the assign ment to them of un-
usual high salaries and the abuse of Federal
patronage, which tends to dwarf the States
and to corrupt free institutions.
3. That agriculture, manufactures and com.
merce should be the equal care of all we'll
regulated governments. The distractions to-
| day of them should be removed, but no favor.
| itism should be extended to either at the ex-
pense of the others. That labor and capital
are mutually dependant, and equal justice de.
mands that legislation should, as far rs pfacti.
cable, harmonic their conflicts and prevent
| the one from expressing or obtaining undue
advantages over the other. sytsl.
4. That we protest against any increase of
| the circulating currency, but demand that
such measures be adopted by Congress as will
result in the resumption of specie payment at
the earliest possible moment.
S. That we are opposed to the granting of
subsidies to monopolies. 81
The convention was not harmonious in
other matters. The joint railroad interests
in the party were concentrated on Hamilton
as their candidate for the Governorship, and
the rest Of the party supported and finally
nominated John Lee Carroll, of Howard, q
grandson of the patriot Charles Carroll,
There was q stormy, continuous session. from
10 o'clock A. NJ. of the 2lst to 4:3O o'clock
A. M. of the 22d, but the contest was exclu-
sively about candidates and not about prin-
ciples. saif- 80
In the first clause, all Democrats will re-
cognixe sound Democratic faith and doc
trine, none the more true for being quoted
from Jefferson, none the less trus for being
condensed into few lines.
In the second clause the declaration in
favor Of strictly revenue tariff is equally
clear and precise, while the demand, for an
honest administration of affairs in the civil
service is announced with equal plainness.
The third CLAUSE contains further PROPOSE:
tons, which none will gainsay and which
come under the classification Of generalities.
In fact, the propositions herein contained are
liable to the criticism of belonging to the
class which nobody disputes. The merchant
knows very well that he must buy and cell
both the products Of the soil and the pro-
ducts Of the shop and the mill The mechanic
and the operative know just as well primarily
that they are dependent for their Subsistence
upon the producer of what they consume, and
the producer Of what they manufacture, and
'secondarily upon the merchant class, through
which the exchanges are Y effected.
And the producer knows just as we'll that
there must be somebody to eat his grain,
somebody to consume his tobacco, wine,
fruit and spirits, somebody to buy what he
has got to sell, a. any political economist can
teach him. And at the same time he knows
that there must be merchant class between
him and those who want his products and
whose wares he wants in return. It hardly
need be said, that legislation should. foster
these concurrent interests, or that partially
to any one Of them disturbs the equilibrium
and damages all. Capital is the representa-
tive Of the work that has been done, the pro-
ceeds being kept instead Of being squandered
and consumed; but still it represents work,
and must, therefore, be respected. The
country that ceases to respect it, or that
ignores its rights, or that declares
all property to be theft, or that fayors agrarian
laws, or that forbids the holders and repre-
sentatives Of wealth to hire it for percent
age, knows not the value of wealth or the
value Of capital, or the rights of either or of
labor. Good laws will not allow capital to OPP
pre- and thereby damage itself There must
be harmony, or the whole machinery Of pro.
duction, exchange and consumption must 60
wrong. aas4 E,.o. c-g.,r.szr1
While all that precedes it may be ranked
by our opponents among the things that are
obvious or undisputed, or immateriaI, the
fourth 'section gives forth no dubious or un-
certain sound. 1t is the ring of the solid and
unalloyed bullion. Mark its emphasis at
the earliest possible moment" Not at
the earliest convenient moment, but without
any delay that can possibly be avoided. The
business interests Of the country are not to be |
shocked and damaged. Men in settling their
old debts must not be compelled to pay twice
the amount due at the time the debt was
contracted. Yet the incubus of paper money
is to be taken away SO that once more, after
tedious years, buyers and sellers, creditors
and debtors, agents and principals. are again
to know in advance precisely what it is that
they baagain. promise and stipuiate. This is
= dogma that accords with true Democratic
theory. This aims at separation of all
banks and all speculative institutions from
the Government Of the United States. This |
looks to condition of thugs when Congress |
shall no longer be able to make money |
scarce or plenty at their will, and
when the vast horde of brokers,
shavers and peddlers in money may find their
shorn of itspresent rich and profit
able fees and pickings. What the country needs
now, more than all other things, is settled
and permanent fixing of values, without which
business itself csn never become settled, per-
and fixed. The word dollar" in
the mouths OF forty million people. many
times each day, must be endowed with .
meaning which all can understand and all
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