The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-21
themselves from these baneful infiu-

This presents the question, What is
the remedy9 The. first step should be
to make silver equal to gold In the pay
ment OF all debts, and. as a greater
difference exists between gold and
silver than exists between premium
notes and gold, this would bring green
backs up to par with silver, and, as sill
yer would be equal to gold In the pay
ment of debts, this would soon place
equal. When this was effected, the
government should issue It's dues to be
chiefly paid In bonds, and when bonds
were taken In for dues to the govern
ment, the government should issue an
equal amount Of treasury notes and
pay them out to defray the ex-
penses of the government. BY this
process the bonded debt could be re-
duced each year at least $500, 900, 900,
and the people be presented with the
best paper money In the world that
would cost them no interest. This pro-
cess could continue until the issue was
sufficient to supply the wants OF the
country. The banks should be COM
PEELED to reduce the circulation an
nually in an amount equal to the
amount Of bonds taken in and substi-
tuted by treasury notes. With the sill
yer that we are producing and what
would flow In upon us from other coun-
tries, we would soon have sufficient sil.
YER, which would be equal to gold, and
with the two metals we could return to
the money provided by the fathers, and
with which we prospered as no other
nation ever did.
Again, the greatest reformation that
Is necessary to enable the laboring and
producing classes to return to prosper
ity is to get rid Of about half OF the Of
fice-holders, who are quartered like q
suming their substance. The question
is how could this be effected? To me
the way is clear. We have about forty
thousand ice.holders employed to
collect the tariff and internal revenue.
IL the revenue was honestly collected,
still this system OF collection is In
famously sectional, oppressive and
unjust. Then the remedy is to
abolish the tariff and the internal
revenue laws. and provide that each
State shall, through its State officers,
collect their share Of the expenses OF
the Federal government, according to
their population, and il the State officers
do not collect them the United States
Marshal should, who.shoqld be furnish
ed with the list of taxable property on
Ii the people would reform these forty
thousand officeholders out Of office get
rid OF the famous tariff and the sectional
revenue laws, in a months time the
labor, production and commerce OF the
country, with our vast resources, would
revive like strong young man who
had recovered from q loathsome at
tack Of seurvy. BY this policy
the producing classes. who have
to pay the expenses Of Government,
would reduce its cost about one half,
and would get rid OF the horde Of public
plunderers who are Expressing them
and disgracing the country. Ii we are
capable OF self.government, we must
reduce the Democratic idea to practical
business. e., we have a certain
amount OF public business to be done.
and the simple question is, how can 1t
be done best and cheapest? A com.
bination was formed by cabal of the
Radical politicians with the foreign and
domestic bondholders and the vast
banking interest that has fixed on the
great laboring and producing masses a
system that Is Ia direct conflict
with free institutions and the sov-
ereignty Of the people. A con-
flict Is approaching in which
one or the other must give way. The
forces In conflict will be the non-produc-
ing interest East against the producing
interest South and West, and IL De-
mocracy and free institutions are to
triumph, it can alone be accomplished
by unity Of principle and unity Of ac-
tion in the great producing regions OF
the South and West. II they are not
united at the ballot-box before the bond
holders, the protectionists, the banks
and the office-holders will give up the
oppressive advantages they now hold
over, the producing classes, they will
the South and West are united at the
ballot box. they may establish justice
and free themselve from oppression in
finitely worse than the tea tax OF '76.