The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-20
GENERALIZATION.

reSo luton was oHeTeu anu TeIeLIou w d
committee:
Resolred. That In the bpinion of this con-
yentiop it is advisable for the Federal gov
arnment to exercise surveillance over the saw
ings banks loan ana trust companies, anu
fire. marine and life insurance companies.
The resolution was not reported back
and therefore did not pass. But the
fact that such a resolution was
offered and considered is significant.
1t is another indication OF the disposi-
ton Of the money power Of the country
to favor the Capitalization Of the gov
eminent.
Jay Gould, when he expressed his
willingness to give million dollars to
transform the Republic into monarchy,
clearly defined the desire and purpose
of his class and Mr.. Tom Scott, In his
proposition to increase the army and SO
organized and disposed it that 1t may be
rapidly directed against points Of dan
ger" exposed the means by which the
Capitalization is proposed to be estab-
Iished and maintained. This warning
may be regarded as sensational. The
public sentiment Oft the country has drift
cd 80 far away from the old land marks of
constitutionism. has become 80 familiar
with innovation and with encroachments
upon the old theories, that the people
have ceased to be Jealous of their in
situations or to entertain apprehensions
about their safety.
But when conventions Of bankers,
railroad magnates, great public jour-
nails and party leaders begin to advance
and urge measures such as those pro-
posed In the late convention Of bankers
and the increase Of the army to control
the peoples it Is tim to be alarmed. And
we do not speak merely from q senti-
mental or patriotic standpoint. Every
material interest of the country is i'm
periled by this tendency Of the money
power toward Capitalization. Every
merchant. every planter, every man
whose business and bread depend upon
civil order, is vitality interested in oppos-
ing and forever putting down the revo-
lutionary schemes we are discussing.
The men who are urging them are
sharpening swords for their own throats
and preparing matches to destroy their
own property. They are repeating the
old and oft-repeated folly Of their
class. They have seen their prop
erty depreciate, and they have seen
fierce mobs. threatening communi-
ties with knife and torch. But,
instead Of inquiring into the cause
of these evils; instead of making an
effort to remedy them by wise and
just measures, they call for a centralized
government and for vast army to keep
down the hungry and infuriated mobs.
This is the height Of folly. The nearer
their views are carried out the greater
will be the danger; the more frequent
will be the outbreaks. The interests Of
this vast country are too numerous,
diverse and antagonistic to be governed
at Washington. The centralizationist
is the destructionist, the worst and most
dangerous enemy, not only Of the
Union, but Of the peace, and conse-
quently of the material interests Of the
Union. The more power and influence
is distributed among the State govern
ments the less clashing there will be
between antagonistic interests; the
less jealousy there will be between rival
States. But II the scheme Of the GEN.
tralizationists Is carried out secession
movement will develop itself in New
England within the next five years.
III the scheme Of the centraliaztionists
is carried out and the attempt made
TO control the people with the army,
$4,000 men will be found inadequate for
the work; O,0Oo will not be able to do
it, and neither 100000 nor 100000 SOL
diers will be able to hold in quiet sub
lection the American people. Discomfort
will increase with the increase OF the
army, and the growth Of the arbitrary
spirit Of the government and the money
power and civil strife will constantly pre-
vail somewhere in the nation F; the people
will be exhausted to pay the hireling
soldiery. and the hireling soldiery will
never be able to give peace to the coun-
try. All our bEsiness'and Industrial in
terests will be depressed or destroyed,
and il the country holds together
it will become literally Mexicanized.
But the chances are that it will not
hang together; it is more probable that
rival chiefs. taking advantage of the
general discomfort and Of rival inter-
ests, will soon break it into number
OF miserable. bankrupt confederacies.
Such has been the issue of every such
experiment. as that which the Jay
Goulds, Tom SCOTS and the bankers
desire to try. What reason have we to
suppose that it would result differently
in America? So far as it has gone, and
1t has gone already @ long ways, It has
developed every symptom Of disorder.
violence and ruin. Discomfort pervades
all the working CLASSES. property has
I,,,rao;ataa in vallra. the whole cOtIl-