The Republican journal., 1876-08-10

ties OF war cannot be pleaded in time of peace.
The right of local self-government, as guaran-
tced by the Constitution of the Union, must be
everywhere restored, and the centralized (aI-
most PERSONAL imperialism which has been
practiced must be done away with, or the first
principles of the Republic will be lost. Our fl
nancial system of eXpedients must be reformed
Gold and silver are the real standard of values.
and our national currency will not be perfect
medium of exchange until it shall be converta-
BILE at the pleasure Of the holder. As | have
heretofore said no one desires
4 RETURN 10 SPECIE PAYMENTS
more earnestly than DO but | do not believe
that it will or can be reached in harmony with
the interests of the people by artificial measures
for the contraction of the currency, any more
than | believe that wealth or permanent pros
perty can be created by an imitation of the cur
renry. The laws of finance cannot be disregard
ed with impunity. The financial policy of the
Government, if, indeed, it deserves the name
Of policy at all, has been in disregard of those
laws, and therefore has disturbed commercial
and business confidence, as we'll as hindered a
| return to specie payments. One feature of that
policy was
THE RESUMPTION CLAUSE OF TIE ACT OF 1875
which has embarrassed the country by the an
tcipaton of compulsory resumDtion, for
which no preparation has been made. and
without any assurance that It would be practi-
cable.
The repeal Of that clause Is necessary thut
the natural operation Of the financial laws may
pc Its,oie'i, t.'at ile business OF Tue country
iias " lu'leseu 'ioi, ts u's'u p''iS anu oeprcs
s'ils IliiiuehccS' a!lu !iat y return 10 specie
~ ,i,''s ua il'm,ateu pS tlie SUBSTITUTION
oi Mise !l!iu more prudent le9lSialioh, Which
shall mainly rely on Il judicious system of pub
lie economies and efficient retrenchments, and
H. ~ ,o ~ l"ii'oto't ~ pi"sPellta III al
tlie i,'anslilrs 81 tnt people. go not under
s'.','t VI Wy 'i'isc Vi ''ie
'''t Vi i''' w '' ii p'oNN AKA s'cp III our
RETURN To SPECIE PAYMENTS,
but the recovery Of a false step; and though the
iepe. nay 10 NV pc pitN ei''eo' 4et me ue-
ei ~ ,e '.ilo parry vi lhiS SUP
JoNt iit nv" ooN - N'ot,'i''iy i t'' mere
t ~ ~ i DG ~ '''i''' t 'io, -. ~ .ne "'H vi q
:" ''i1 90 H"yn n,nu-
w l''.'ol l. ~ " ny ~. ioui7 ,oh-
" ' ~ ct'uee5
,i, tt '''t' l i'o irpen.
', ."a y p'oo I.o'ios' oN
hIn~ ne ia .,r,nrnulstn thn nro,.ious ,nnti ~.
SUMPTION ut an early period is possible without
| producing an artificial scarcity OF currency or
| disturbing publlc OF commerclal credit and that
| lhese reforms, lo@elher WIN Inc restoration OF
| rure government, VIII restore general conf
uence, encourage the usclnl investment OF cipf
| ltal. furnish employment 10 labor and rellcye
'ile country from INC p'F''lSS'S OIL nara times
| WITH THE INDUSTRIES OF THE PEOPLE
| horo have hann frcnpent intertnronces nur
| tnclc navy ptth lt'"tiit iitel'cichcts. oul
Plalioihi 'uly 9"Ss nav many INDUSTRIES nav
pttil li'toi u i1nNu " ou19'I'.H' d le". WI
'oi'i''iei'e mas u'Iii "'Si '"C! " u !hielo po-
| ,itloh "l Wy mn ao'''i -h','u'avlules nave
r,Saa1 anI M ,li,trss 0f Tia in,Jnyt.il i,s",.
I'sStu ai'o lit us'ieST ~ tht % l'iIuS'ri' llsseS
uetii',hus li'''I ttse ''l'i'SS Shtt ne fG'Iileu-
onnl ,, - e,rn.t .,.,non i, n,,r .,,.t,,, ~ ,,SiI
| expenses The prolllgate expenditures which
| increased taxation from five dollars per capita;
in 1860 to eighteen dollars in 1870 tells its own
| story Of our need of REFORM
| ,,-,, ,,p,,,r,,s ,,,r,t, ,,np,,,,.>, ,,u.,,u.
'
| should aiso bc revised Ahd amended III so ial
| as lncy leaNe ciuAeh7 ol ioleigh plTth IN any
particular less secure Ii, any country ON earth
| IMAM thCy Wouid DC IL thcy iiad heen upon our
| own SOIL. Ana tiie lhi'lullot> Cooiie system,
| which, through lhc agency OF wealthy co!npa-
nleS, imports Ihlhesc Donumeh ana establishes
species OF slaFtfV' ana lhterieres WITH the Just
| rewards OF labor on our Tactic coast should be
| utterly abolished.
| IN THE REFORM OF OUR CIyII. SERVICE.
| ,,>+ ho.t;}.. o,ior,o +h.+ sao,i,,, ~ t,,,,,
f,n WIN M ma il .nIi.o " l n'aI na,
o' ~ -. ,, .i,o ,,o
I+ 5,I4 t 90 go tl .,o,, ,nu
.ns, - III " i,4 rt+ - ~ tIM i,T 81 az f VI
~ No, b"u - I1 ~ t ~ ,;.'.cu ~ ~
IIi, oniin b"o no' n',.a ~, ~, t the
l'u,'iiie e'"rio9' mp iosHi "7"ii " ste 'lI
| ; H @ 1;I ~ ~ ~ l, u Il % .i oi a, loi!' ~ 81
"i'l''0t. W a ii. '7i ~" nv -h'ili,iiisti i,