New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-06-25
A Hepublican euccess Necessary to Pro.
tect the Public Credit.

Republican success Necessary to Pro.
tect the Public Credit.
A short time since, when the chiefs of the
democratic psrth were LAYING out their
plans for the coming presidential camnaion.
one Of the most inf lential of our bem0.
cratic contemporaries in the West advised
them to attack the Republican party on ita
record ~ the best means of securing Dem
ocratlo success. No Republican can have
the slightest objection to such q course- II
ls an appeal ITO the law and to the tasti.
mony;' and such an appeal is always TO bs
welcomed, because the record of the Repub
iican party has passed into history, ana the
most plausible doubts will be resolved into
the most brilliant certainty in the ,;aht of
facts which can be produced on ali Sointa
wherein the country has been served with
honesty or protected from injury which the
partisan spirit of the Democracy delihar.
ately sought to iDfct upon it.
Take, for instance, the injury Inflicted
upon the national credit at homs and
abroad by the Democratic party. The
Democratic party is responsible az an ac-
cessary both before and after the rebellion
of the South. Democratic leaders were in
communication with the disloyal leaders
of the South, and knew how treason was
spreading, snd what preparations were
A1oGO AVA SAO OOtOAC0A VI IQ0 war. The
Democratic party was in power I'D TO the
year 1860. In view of what the Demo
cratic party knew as about to take place in
the South it would admit to the pubic ser
vice but two classes of men, viz: Southern
ers who were prepared to destroy the
Union to preserve slavery, or Northern
men with Southern prociivities These
men were sent abroad as ministers and
consuls, and the consequence was that
in every court Of continental Eu-
rope, in England, and tho other
of the public servants Of the United States,
paid by the people, were impudeutly dis
loyal. These public servants, PROCESSING to
worship slavery, gravely announced to for
eign statesmen that the Union would be de-
stroyed by violence if the intelligent free
men of the North did not cease to interfere
with the South and its peculiar nstitution.
So earnest had been the communications
of some of the am bassadorr, and 90 boast
full had they been OF the high and Christian
character of SOuthe rners, "bOrn to con-
mand," as they said, but failing to say ..the
plantation slaves, ignorant as cattle,
though in the form of men and women"
that Statesmen we're perplexed, and had to
wait the arrival Of Republican successors
until they could understan events
The effect OF the labors of disloyal am
bassadOrs and other emissaries was to mis-
represent the resources of the South by
ridiculous Boosting, and to undervalue the
resources of the North; the combined effect
of which was to discredit the national &C.
curi.ies and alarm the holders abroad. The
same course was pursued at home, and the
government had to raise money on the best
terms it could, but often at less amount
than the face value OF the bond, and at a
high rate of interest. This early and great
loss to the people is distinctly traceabls t.
the disloyal utterances of the Democratic
party at an important crisie in the country's
history.
At last the country put aside the Demo
cratic party as utterly untrustworthy, and
the Republican party assumed the control
of every national interest. Its first dutv
was to save the Union. To do this on the
battlefield, on the men-0f-war, and in the
council of state, was the natural instinct Of
The grand armies of the
republic were recruited under the COM
mand of soldiers who loved the Union and
were willing, men and officers, to shed their
blood for its preservation.
While the war was being fought Repub-
lican statesmen were preparing the ways
and means for raising money. The public
mind had to be disabused Of the evil seed
the Democratic party had sown in it. Pa
triots in whom the people trusted had to
come forward and pledge the faith of the ma
ton that the pledges OF the Republican par
ty should be kept. These pledges were
enacted into law; and as the nations honor
was in the keeping of Republican Con
gress, the faith repOsed in the Republican
party at home extended to capt. alists
abroad, and the bonds of the United States
were lifted from the cloud which oppressed
them, and the rose to par, and then to
and they are at a premium to-
day. But the Democratic party have never
had patriotism enough to greet the recovery
Of our bonds with favor. Leading Dem
,crats have always shown a desire to break
faith with the nation and the nations
creditors whenever the finances have been
The subject of debate in Congress. And
thOee debates seem always to have been
aimed to affect disastrously our credit
abroad. But the wisdom and sincerity of the
government were too apparent to foreign
capitalists to case any permanent derange-
nent, ana the foreign bondholder has come
20 look upon the Republican party as his
greatest safeguard, and the same may be
said of the bOndh0lder at home.
Persons who hold American securities
abroad are by no means ignorant of the rec
ord of the Republican party. They know,
100, the record of the Democratic party.
md will not put any trust in it. They say
hat political party like the Democratic
party, that would permit the Southern
'lave owners to destroy the Union, is worthy
If no confidence Whatever. 1t is rumored
,arty has given rise to an expression OF
ceiling in q quarter that is likely to be
needed. Belmont & Co., of New York, are
bankers and Democrats. They are also
he agents of the ROthschilds, whose wealth
8 we'll known. The Rothschilds have large
interests in this country, and they
lave q right to express themselves in q way
hat shall indicate that they wish their
property protected. They are understood
hat Republican President may be elected.
or if the Republican party is successful
hey will regard their large investments il
'ur public funds as safe.
This is q very important piece of intelli-
.ence, as coming from the wealthiest and
hrewdest of foreign capitalists. Nor are
hey the only capitalists that entertain the
opinion of the safety of investments while
he Republican party is in power. But
what a glowing commentary upon the re-
ord Of the Republican party! Surely on
hat record Republicans may 60 to the
country. There is nothing in it to be
lshamed of. The Republican party saved
he nation and restored the national credit;
lnu as the meJOTlCy OF Am6rlcan clCiZons
re Republicans the country expects every
nan to do his duty at the polls, and the
'anner Of the Republican party will float
Ugh in the breeze. The ensuing presi-
lentisl election is the most important since
he days of Washington. A Republican
President will assure to the people the
ruits of the war, will require the South to
'rotect the rights of all men before the
aw, and will put an end to the lawless dis
oyalty and terror now prevailing in the
Democratic Southern Statee. Republicans.
AXE advantage of the opportunity; aud.
with fidelity to the cause of free