New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1877-03-06
THE VOICE OF CAPITAL.

as wide as the empire of American free
dom. 1t is the weight of invested CAPT.
tai, the voice of popular industry, which
has arrested the rash hand of revolution.
The correspondent of the Democrat ex-
plains the difference between those mem
bers of its own party who regard war as
the sole arbiter of political questions, and
those who are compelled to respect the
interests of the people. This correspond
ent says that the doctrine of Hobbs that
''war is the nominal state of mankind"
would be good philosophy for the Demo
Gratis, while Mr.. Tilden is reproached
for having obtained "a New York nomi-
nation at st. Louis by the usual New
York method" "He listened to the voice
of capital and dallied with the within of
trade and commerce" His representa-
tive, Hewitt, feared to place the fortunes
of his chief upon the issue of force, be-
cause he knew that if the country should
be plunged anew into revolution, ''gold
would have gone up and securities would
have gone to the devil"
Such are the true distinctions which
separate not only parties, but parts of
parties. Those Democrats who wished the
destruction of this Union because they
could no longer rule the Union, do not
attach the same value to the existence of
the Union with those who rely upon its
power of protection. A Northern Demo-
crat would be held responsible for the
destruction of this form of government; q
Southern Democrat would by no means
be inconsolable for o result from one
cause which he had failed to produce by
another.
We have relied upon the vested inter-
est and industries of the people for the
settlement that has just been enforced.
We agree that it is precisely the voice of
capital and influence of industry that has
defeated second attempt to overthrow
the government. The capitalists have in
vested their millions in the securities OF
the Federal and State governments. They
do not wish to see their securities ''go to
the devil They sell millions of mer-
chandise to the people of the United
States and do not wish to see this COM
merce interrupted by bastions and breast
works. The great industrial interests of
manufacturers do not wish TO be called
from the workshop to the field. They do
not wish to lose the protection enforced
by a great nation and meet under the
competition of free trade or of sectional
protection the manufacturers of Europe
in the dismembered States Of the Union.
It is thus that while Mr.. Tilden ellis
tened to the voice of capital the rising
murmur of industry tingled in the tym-
panum of Mr.. Speaker Randall. Phila-
delphia and her toiling men and women,
PiHsburg with its mines, its foundries
and FORCES, were before his eyes; the
Mississippi again bloekaded by solid
South; the Pennsylvania Pacific railroad
arrested on its way to the tropics. It was
this alliance which defeated the normal
state of war;" which so many desperate
bulldozers desired to establish as the rule
of political administration.
It is due to Republican doctrines that
these controlling interests of capital and
industry exist. Men admitted to the
equality which God intended may employ
their industry and invest its results as
they choose. They are no longer serfs or
vassals 20 be SUNNI oned to battle by the
ambition or spite of their chiefs. These
men must do the fighting. They have,
at least, the right to determine what they
are to fight about 1t has been thus that
civil war has been avoided. The disci-
pies of Hobbs would renew the cry
Perish commerce Let the securities
go to the devill' The representa-
tives of capital and industry put
their veto upon this barbarous war
cry. Is not Louisiana somewhat interest
ed in securing the confidence of capital2
Are not the planters concerned in main
tanning protection for sugar and rice?
Would not New Orleans be the better of
national appropriations for steam service,
railroads and leVees? Every reader must
answer these questions in the affirmative.
Louisiana must be thankful that the con-
servative voice of capital and, the warning
hum of the hive of industry has been
heard. It must not be forgotten that if
"gold goes up and the securities go to the
devil, " the levees, the railroads, the river
outlet, and great many excellent mer-
camille establishments in Louisiana would
accompany the gold and the securities
upon this internal excursion.
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