National Republican. (Washington City (D.C.)) 1872-1888, 1877-06-04

men Of the West. II says:
The Western people have no particular reason to
| rgi"Cc over the facility with which, individually,
they have been able to borrow money on the 80.
| curity of their houses and farms. The chcnpncss
| Of money In the Atlantic cities and the dCnrncsS of
rcilly good securities have jointly contributed to
| the investment Of enormous amounts In mortgages
| on Western property Lacking fifth In the bonds
| and shars, OF ordinary companies, real estate
mnrtgages, bcariug rates Of interest considerably
higher than Eastern borrowers have occasion to
tSy. have bcruinc fivuritc f,rms Of investment.
Eastern Companil@ invest their subscribed capital
| In Illinois, Iowa. Missouri and Kansas mortgages,
AMI guaranteeing principal and interest," sell the
mnrtgsgrr aud rrinvcst the proceeds. In this man.
nrr the more SnCs>sful coul uanics have assumed
| liabilities excccling many times the amount Of
mn' r,,;r,.scn, mS,r s'St tb ec"ri,y ' of
| the mortrigr and the Crcdi, Of its maker
4 Western man always fhnccs that he sees 0ppor.
tunitcs fur the profitable use Of borrowed capital
Ills usual difficulty has been an inability to Dor.
nov enough. The last coupleof years have given
hun new sensation. Lenders have sought him
| ana thrust uI-Bn him their money. They have at.
ccpec,i his bad and mortgage with blind con
hdcncc In is value which contrasts snIngy with
the want nf filth In other securities. The growth
of mortgage indcbtcineS, has therefore been with
out parallel. our inquiries lead to the conclusion
numbered as now, while even according To the
Il prevailing standards ut appraisal the value Of the
ISrn5'iy I, rres,ly SvcrrsIS This widsydn ,1s
| Close CONNECTION with the mania for the rcmoneti
1a,ion Of silver and the continuance Of adcprc
ciats'i currcnCy. The debtor interest, always
\ powerful i a, present Onnputent In the West
Lax as are the notions OF the Western debtor when
The incarceration ola contract Is IN question The
southern state. Minnesota has the uncnviahlc dis
lInctipn Of being the sole rcpudiating state In the
West. II. record with tcfcrCncc 10 Its dcfauting
isords + dEgraccful. What Il has done on n sm ali
scale the South Is doing without stint. And the
iIy state who.c rcsa,irt", and condition leave
them without excuse. The southern Democrats
have shown themselves utterly Indifferent n the
| Sanctity of state financial obligations In this
inspect their Sccti,n is unHpprnichRblc. When we
come to county and municipal indebtedness, there
II not much room Tor choice between the two sec
tious They have been equally eager to issue bonds
and equally unwilling honestly to rc,!ecm them.
Il The Reputation Of Missouri county bonds, Judi
cinlly sanctioned same months ago has since been
followed by similar liquidation In Illinois. In each
casc the proeccSiing has some technical prctcNt I;
hut the prctcSts arr almost invariably Of kind
which no private citizen could resort to In his own
behalf without incurring the stigma Of scnundrcl
They are all aggravated by the fact that the
enjoyment of the results Of the loans Of which they
thus summarily rid themselves.
The Correct Policy Toward Mexico.
The New York HeTatd makes the following
pertinent remarks concerning Secretary
Evnrts' new Mexican policy:
The new policy toward Mexico, which was sane.
tnuc,i by the cabinet yesterday In the absence OF
SECRETARY Evarts. Is well known to I've Mr.. EvartS'
policy We Io not think nj all that II inquiries to
te defended In All Apologize tone. We rCpudate
the idea that 1t needs any ptcyccnt To justify It.
We think 1t Ridiculous to fear that II pOrtcudS war
Boundaries ocJuiSition Of territory. 1t isindecda
Wig NUS policy, but nevertheless Il policy which
HSSinE s,eSdnS Tns ali these recent sIt years S
while our citizens on the Rio Grande have
sh , EsSsd and Gand G,SS, BY MSSG IN
| river forheafhncc In such ease Is n
| ridiculous weakness, and we glad that Sccrc.
Snch sentimental nSnscnsc as hat We are to toicf
ate robbery by ncighbor because that neighbor Is
fecblc. In pruportion as she j. feeble the wrong
and II II incxctEablc for government NJ strong
ours not to protect it. own citizens on its funtcs
u i the duty of every government to control its
own sutlcctS and restrain them from aggression,
ON it, neighbour. Mexico has right TO be treated
a nation unless she performs this plain and or.
protect us frnm her cattle thieves We must protect
ourselves. We are glad the Cabinet has indorsed
the We've Of Mr.. Eyarts and sanctioned the pDlicy
OF following the marau,lcrs into Mexican ter
ritoTy and intiCtng condign punishment on for
cigu sol The fear that this will lead to war with
Mexico + chimericaL II the government Of that
country l. 81 weak that II cannot cOutrul It's own
: population on the Rio Grande what resource, can
u have for making war un the United States But
lit i strung enough to perform this plain duty
ami yet willfully ncgects It, we must bring Mexico
II Ire ,-'-'rlS policy Of Mr.. Evnrts requires no
apnl,s,y? what r,-.- .--i apology Is the shilly-
shaly sentimental fOrbcarru,S .'rnGt;"-". an th!S
subject since the civil war. No duty of the Fcderni
Government i clearer or more imperative than
that Of protecting citizens from foreign aggrcs-
sion. aud IL Mexico will not take care OF her own
tiitlits We must IStiOEln thdt taNk iOf MGR Wncn
they infcst uS.
The Philadelphia Custom-iIouse.
The Philadelphia Times has the following to
say regarding the investigation of offices con-
nected with the collection Of customs in that
city:
What the public want now and what the Admin.
istration evidently sincerely aims nt Is thorough
examination into and exposure OF the abuses whiV
have crcpt intn the Federal offices through our
d.mOralils'i political system, and the exculpation
Of the guilty. such Collector Tuition mmiliariZed
himself with even in the temples of justice In the
West Is quite out Of order under the new dispense.
ton Of civil service No matter who shall deserve
as truth aud Justice demand, aud the public will
be content
General Grant Abroad.
The Syracuse IN. W Journal speaks as fol.
lows of ex- President Grants visit to Europe
and the reception given him by the great peo'
pie of England
There are very few Americans who will not view
with pleasant fet lings the receptions accorded to
cN President Giant In England. and who will not
rejoice at the honor and attention shown him. both
ON his own account and distinguished repre-.
sentative Of this country. General Grant Is now
making his inst visit 10 European countries aitcr
hi sixteen years continuous labor In the military
and civil service OF his country and the attainment
Of the highest honors and responsibilities possiblc
to American citizen. He Is still In the prime OF
a vigorous manhood. in fact. comparatively young
In year. for one who has attained such high
, reputation and exalted rank among his fellow
u
capacity. without Official rank or mission yet
he Is received as leading representative oi
, the American people, and with the honor
due the cx-chief magistrate of great nation
The chief cities Of Great Britain vie with
each other In their welcomes to the American citi
ycn WIN has distinguished himself both IN military
and civil life; the great men Of the kingdom hasten
tn Idy him honor, and To extend the highest social
attentions To him The Duke Of Wellington, Ear
Derby. the British Premier the Prince OF Wales and
Queen Victoria herself have appointed entertain
meuts al which he Is to he the chosen and welcome
guest. These arr in part personal h0nOrs, and right
wOTthily have they been won and worhily will they
h. worn. hut this Is not alone the Significance oil
the hOnOrs and attentions To the tx General of the
American armies and the x President Of the Ameri
can Republic. There Is deeper significance t.
them. Gen. Grant Is welcomed and feted as III,
representative OF the United States in the feeling
the highest regard and friendship which Is felt by
the British people toward the American people i
: was by England's Queen aud Americas Prcsi
dent that the principle of the settlement o
international disputes by the peaceful means o
q arbitration and successfully carried out. Bette
. feeling and higher regard, mutually were the re
suits OF this vie and humane policy, which Illus
tratei the unwisdom and impOlicy of resort /,
war means OF settling international differences
Now General Grant is ON British soil ~ the per
T. sOnal representative Of His triumph Of All Ameri
i can principle and as such he il warmly received
and generously entertained by our British cousins
Ia these results we have evidence Of the oblitera
ton OF the bitter feelings which British trcamcn
in the war time gave rise to. and OF the establish
nient OF the perfect and satisfactory relation
& Uf the two nations which should exist for all tim