Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1875-01-15
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From srrc.sl Correspondent
WASHINGTON, ID. G..
Jan. 13, 1875.
Dcoi' Iiitrcd:
The Senate finance bill
passed the House on Thusrday last without
amendment, and rs it meets the views Of
the President will certainly become Il law
by his sanction. With but few exceptions
it commanded the support of the Republi
cans. but the Democrats presented q soijd
front GJaiaSt is pGS2dgC Before the late
election the Democrats promised the people
good times and 4 return to specie pay
menis, but when the opportunity was Of
Iered, simply because the measure WAS pro-
posed by the Republicans in Congress,
they opposed it. The course of The Demo
Gratis in this matter proves that theiranxiety
for the prosperity Of the country Is pretend
ed, else. when So important a measure was
brought before Congress, they would have
risen above party and joined with the Re-
al tliC I.tSSttSG VI Il AtNh VI Aiil
vital Importance to the whole country.
But, no, they opposed it, because law.
proposed by Republicans. which would
assist tle people in their need, wou!d rob
them Of political thunder It seems that
success Of party is of more importance to
them than n revival oftradc and prosperity.
This law. am confident, vii he received
with favor by the business interests ot the
country, as indicative OF the now defined
policy OF the Government. The hamprrcd
condition Of all industrial pursuits largely
growing out of the unsettled condition Of
the. finances will now be relieved, as deiini,
i've action has been taken, and solemn
pledge given that upon the arrival Of
stated day the United States will resume
faith with its creditors.
BY reference to the bin, 81 copy Of which
send you for publications. it will be seen
that under the provisions Of the third sec
;ion, commonly called the
FREE BANKING
CLAUSE, the people have q full measure Of
relief i0r any want OF banking facilities, or
inadequate supply Of money in any locality,
in The authority there given To establish
new hanks or increase the capital and cir
culation Of those already existing, to such
extent IS the business, Industrial ana com.
merciul interests, of Tie community may
require. So far rs an insufficient supply
( ofmoney may have contributed to the panic
aud prostration OF business, a full, ample
and complete remedy is lhus afforded and
: placed in the hands and under the con-
( troll of the people themselves, who are the
best Judges Of their own wants, and will at
once avail themselves Of the means thus
afforded TO secure additional supplies of
! money as their business interests may de-
maud. The cry
OF MONOPOLY
! can no longer be made against established
| National Banks, for one of the principles
OF the new law is that parties with the
requisite capital can 90 into the banking
business if they SO choose. lfpar!ies now
doing banking under State laws do rot ac-
cept the proposition Of the Government to
engage in Il legitimate National banking
business, our people will readily understand
the reason. and will most probably deter
mine that they are minus the available to
purchase boeds to place in the vaults Of the
Treasury TO secure the Government and
the people in the issue Of notes.
This important feature of the law | am
bappy 30 say was earnestly advocated last
Writer by Hon. SIMON CAMERON in the
Senate, and Hon. JOHN j. PACKER in the
House. In fact, may say, they were the or
iginators Of the free banking measure, and TO
them in Il great degree should the credit be-
long for It's passage. | stated in a letter to
YOU last winter that no finance bill would
be passed unless it contained the PROPOSE
ton advocated by these gentlemen, and l
am g-ati!!od that | was not mistaken in the
prediction.
THE LOUISIANA INBROGLIo
is the prevailing topic here Mt present.
The Democrats, true to the prcCepts taught
by their predecessors Of 1861, are bolster
Gus in denouncing the Administration,
General Sheridan, and every one differing
/ with them in opinion, while the Republi-
cans sustain General Grant and his Cab
met, and are loud in their praise OF Sheri-
dan, whose mere presence is an awe TO
rebels. When .alant and daring officer,
like little Phil, comes to the front and bids
them disperse they 'stand not on the or
der of their going, but go at once, but once
his back is turned they become trore, and
and murder njqg5r& and harmless white
Republicans with impunity. The N0tjoa-
al Republican,, speaking officially of affairs
in New Orleans, tells the whole truth in the
following paragraph:
The Louisiana disturbance, in nut
shell. is as follows The Democrats, see
ing That Republican majority was de-
c!ared. set to work to secure control OF the
LEGISLATURE. First of all, as is clearly
shown and not contradiCted. they kid
napncd one or more Republican members,
and conveyed them beyond reach. Three
is not reason to doubt the report that they