Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-08-30
Il EMPuTS APPEAL
WEDNESDAY, AUGUST 80, 1876,
HOW GOVERNMENT AFFECTS BUsI-

NESS.
A prominent banker Of Memphis, in
whose Judgment we place great conf
dence, has called our attention to an
able srticle in the New York CONNER.
oidl and Financial Chronicle, showing
show government affects business p
The article is exhaustive, and takes a
philosophical view Of the question dis
cUssed. Nothing hut its great length
pTecludes its publication in The APPEAL,
which We regret, as it demonstrates how
the business of the country is affected
by the government, and the necessity OF
business men lsbOring to secure. good
government. Here is one Of the reasons
which the Chronicle gives, showing
how government effects business"
Another important and sensitive con-
nectiOn between congress and business
is ths southern question: as it is called.
This very week the country has seen
one of the senators from Massachusetts
S State we are all proud of-prOpose
"tO re Hend the State of Mississippi to
terri o-isl conditi)rW Surely such
suggestion shows that the writer Of that
report has not one qualification for his
pcs tiOa. We know that is q stTeng ex-
pre- sion. But person who can 80 care
lesslg, fiiIpantly talk about revolution
izing State government, putting il into
a condition OF ansrchy, for the paltry
reasons suggested, exhibits weakness
scarcely cred bic, and utter want of ap.
probation o; the business interests of
the country.
Th9 proposition to territorializs
sovereign State Of this Union in the in
teres. Of party cOruptionitts, has seri-
Ously affected The business Of the coun-
try. It impresses business men with
appTehensi0ns that our institutions are
unstable, and that the country is in
chaotic state, threatening revolution. A
country tossed by tempests and liable
to such upturnings of the great deep, as
would follow the CUR sge proposed by
Boutwell,, il IS irjuril us to the business
Interests Of the country as the wide
spread frsuf and corruption which has
dsiuged the land. So long as the Rsdi.
Gals rule we viii have business depres-
sion and disaster instead Of that prog.
psrity which follows wise, stable gov
errment loved by homogeneous PEG
pie. The country is suffering from the
effect Of bad government-the Grant
dynasty-which will be continued should
Hayes be elected. The streets of north
ern cities are full Of idle men and
all the business interests are dropping
al the result: OF bad government. To
show 'how government affects bust. |
ness"-the subject so ably discussed by |
the Financial Chronicle-we have oply
to refer to the fact that, although il is
eleven years since the Jar closed with |
the triumph OF the Union arms, little
progress, comparatively speaking, has
been made in the south in the direction
Of repairing The ravsges made by the
war. II these yesrs had been rmployed
IS they might have been, the southern
demand for northern manufactures and
proiucts would now be far in excess of
what II is. But The Republican party,
by its legislation, made the south an
inviting field for political knaves and
sdventurers, who imposed upon the
Of the blacks and obtained no.
sitions through which they could rob
and plumber The people, and the his.
tory OF nearly every southern State for
Inc past eleven years shows how merci-
essiy they we're robbed and plundered.
These rascally demagoguss poisoned the
minds of the negroes against their late
masters, and melted them to shiItless.
ness and incidence by promises of land
and mules foom the United States gov.
:rnment. The section WIS made the
.cene OF political agitation and strife.
when sound policy dictated that there
.hould be q grand general effort on the !
1aft q whites and blacks 10 buiId nm ,
he country and restore prosperity. Con.
e qnenuy, badly of as the south was At !
ne cioss CT the wsr, affairs grew worse !
instead Of better, with every fresh politi. q
al Edvsnturer who went there IN vsx
at and grow rich through sharp prac.
ices Ia The ofiic'sl position to which the
'ood viii OF the administration ad.
'ahcel him, or Ehfeh was sscursd =,
through the masses Of the blacks. Have :
ne business men of the north ever con. ="
iuerea "hat an immeLse loss has been :
consequence Of the barassino r
I. 9 which south has been subiscted9 ~
he energies Of the people have been di.
srted nom legitimate industry. The
lacks in large Lumbers have bsen al 81
'ie1 nom the plantations into the VI
tleS and towns, where they exc ont &c
sczlty livelihood. The whites bavs ~
,ea impoverished by the tsxation gr
nica caTpetbsggers, acting in III.
-lne q The Republican party. have -
= -tp, seq upon them; and next to the ~ ~
!. ,' a' o. obtaining a bare subsistence, b
=, = 'ns which has given them most con- CO
/; ;t go, ,Iaa which they have found most tn
' 10 elueidate, has. been that Of PSg