Mississippi Democrat. (Hazlehurst, Miss.) 1875-1???, 1876-08-12

pressed persistently. We see to-day
the immediate Representatives oi the
people IN one branch of Congress,
while struggling Ia reduce expendi
turcs, compelled 10 confront the
menace Of the senate aud Executive
that, unless the objectionable apprO-
priations be- consented TO, the oper-
ations Of the government therrun,ler
shall suffer detnment OF tease.
In my Judgment an amendment Of
the Constitution ought TO be devised.
separating into distinct bills the ap.
preparations for the various depart
Iacnts of the public service, aud ex'
cludIng from each bill all app0pria-
tious for other objects, aud all indie
pendent legislation in that way alone,
the reVi~ory power oi each ~ the
two HOUSES aud OF the Executive be
preserved aud exempted from the
moral durcss which often compcls
assent 90 objectionable appropria
t'ons rather than stop the wheels II
government.
THE soUTu.
An acccssary cause enhancing the
distress IN business j. 10 bc found in
the systematic and insupportahle
IIlsgoyernmcnt imposed on the
States OF the South. Bcsidc- the
ordinary effects 81 ignorant ard 30.
honest administration, II has ufh,l.
ed upon thcm euormDus issue 81
fraudulent honds, the s,anty aSails
81 which were wasted or stolen aud
the existence Of which IL u public
discredit tending Ia bankruptcy or
rcpudiatlon taxes, generally op-
prcssive, In some instances have con
hscatcd the entIre income OF proper.
y aud totally destroyed it, market
able value. IL j. not possible that
these evils should not react upon the
prosperity Of the whole country.
The noblicr motives OF humanity
concur with the material interests Of
all, IL requiring that all obstacle be-
lremovcd, TO q conplctc aud durable
reconciliation between kindred pop
alatiohs, once upnaturally cstranged.
On the basis recognized by the NJ.
Louis platform Of the Constitution
Of tho ChIted States with IT'S amend.
mcsts universally accented as a final
settlement Of the controversies
which eAgsndcrcd civil war, but in
the aid Of Tesalt - bcneficcnt the
legal influence of every citizen, A.
well a. every governmental author
ity, ought to lie exerted, not alone TO
maintain the just equality before the
law, but likewise 90 establish cordial
iraternal good will among citizens,
whatever their race or color, who
are nov united in the one destiny Of
common-self government. II the
duty shalI be assigned To me, should
not tail TO exercise the powers with
which the laws aud the Constitution
~ our country elothe its Chief Mag.
Istrate To protect all its citizens,
whatever their former condition, in
every political and personal right.
cURRENcr REFoRa.
Reform IL necessary, declares the
SO. Louis Convention, 20 establish a
sound currency, restore the public
credit aud MAINTAIN the national
honor, and II goes on 20 demand a
judicious system OF preparation BY
public economies, By Official retrench-
ment, and by wlse finance which
shall enable the nation soon 10 assure
the whole world Of It's perfect abih.
~ aud its perfect readiness 20 meet
any of ITS promises at the call of the
creditor entltled 10 payment; the
object demanded BY the Convention
Il a resumption Of specie payments
on the legal tender notes of the
United States that would not only
restore tho pubic credit and main.
tain the national honor, but Il would
establish q sound currency for the
people; the methods by which this
object is % be pursued aud the
means by which u 10 % ee attained,
are disclosed BY what Tie Cnven.
ton demanded In the future and by
what ~ denounced In the past.
RASK SorK RESUMPTION.
| Resumption Of specie payment,
by the Government Of the United
States, on Its legal tender notes
would establish specie payments by
all the baaks on al their notes.
0fiicial statements on tho 18th o.
May, show the amount OF the banl
notes were $500, 900, 900, less $50,
O00, 600 held by themseivesj agains
these ESQ, ,O00, 900 Of notes the bank
had ti4i, ,00o, 900 Of legel tenders, ol
q little more than 90 per cent. Of tbs
amount; but they also had on dc
posit In the Federal Treasury, n
security Cor these notes, bonds q
the United States, worth In gole
about 600, ,000, 900, available and
current In al the foreign money
markets In resuming, the banks
even n II were possible fcr ell thcil
notes 10 be presented Cor payment
would have $500, ,000, 900 of specie
funds 20 pay s2so,o0 900 Of notes
/ without contracting their loans q
their customer, or calling on any
private debtor for payment. Sas
lcndcs hanks uadertakiv 10 resams