National Republican., 1878-09-04

persons engaged in financial trusts, have
not been reduced one cent. And rents
have fallen; houses that were rented at
$500 per annum now bring only $50.
Clothing has come down at least 80 per
cent, and in short, the capitalists of to-day
who rate their resources at the cost of their
original investment find, upon the average,
that they are correspondingly as poor
in the present reduction Of value as the
chasing power of the lesser sums Of
money at their control But the natural
level Of all things being considered, the
balanco struck shows that much of the COM
plant regarding hard times has for its foun-
dation the inevitable growing Of the capt.
talists, while the poorer classes really have
less cause for discomfort than they seem to
imagine. In due time this assertion Of the
financial equilibrium will be more generally
understood and accepted rs legitimate
consequence Of the gigantic and disturbing
troubles through which the nation has
safely passed. Our experience has been
less severe than that Of other nations under
similar circumstances, and our recupcrative
power is greater The only requisite now
TO assure contnntment to the masses is q
stable and consistent financial policy, such
as the Republican party has pursued since
the beginning Of our financial troubles. We
have nearly reached the opposite bank of
the stream it is too late and II would be
suicidal to swap horses now.
SOUTH CAROLINA AND MASSACHUSETTS,.
The Newark (N. J.) advertiser makes q
pertinent point against Governor HAMP-
TON and in favor of Governor RUE regard
ing the now famous KIMProN case, by rect-
ing bit of history showing the manner In
which South Carolina treated an agent from
Massachusetts, Judge HoAR,when he sought
the freedom of a citizen of the Bay State at
the hands of the Palmetto authorities The
citizen referred TO was O black man, and u
seaman on a Massachusetts, ship. He had
been sold for cash simply because he was
black, and the sovereignty Of South Caro-
lima was then and there asserted by mob
bing Judge HoAR, refusing him audience,
and shipping him home by the fastest line.
1t was chance for his life. After comment
ing on the fact that HAMPTON lied in his
requisition for KINPToN-in that he asked
for his surrender for one reason, when he
really wanted him for another-the Ad~,-
tier says Governor RICE practically an
swered the demand as follows:
When you make requisition ON me for the
surrender Of a citizen you must tell the truth
ah.
another.
The remarkable part of this case, how
ever, resides In the fact that HAMPTON In.
voked power which defes what the Adres.
tiser very appropriately describes rs the
d" impotent local Jurisdiction" Of South Car
olina. We quote further from it, as fol.
lows:
But the returning feature comes. When
Judge HoAR went to Charleston, only as q law.
yer aud to make an argument in court he was
hustled out of the town with insults and cpl.
thets. He went to plead cause of State
honor and personal freedom, TO say d word for
the dignity Of the oldest of the States, and ia
ask that the slave trade should not be en-.
forced against the citizens Of Massachusetts,
Now the Attorney. General Of South Carolina
Is disappointed and indignant that the cdict o
WADE HAMPTON cannot be enforced whep
TooMBs proposed to call the roll of his slaves
under the shadow of Bunker HILL" II occur,
that a little square, straight fighting is the
best course In such cases, and that South Caro-
lima should not ask what IL will not grant, and
stand around in u state of eternal whimpei
and snivel, with the great Democratic party o
tho North Us chief mourners. A neater, closer
and harder hit than that which Governor RICI
has made cannot be imagined and II Is all tn,
better because II makes no reference TO tn,
past relations Of the two States. II deals onl,
with this one, only an individual case. an
. somehow suggests that State which canno
tolerate tho presence Of Federal troops canno
ask another State to come to the aid Of Its i'm
potent local Jurisdiction.