The New York herald., 1878-09-27

W nat 10 the reason Tor strlking NJ the ponds oil
tho United States or at those who hold ihemr
Mr. Lincoln said and we all thought during the
that those who took the oords and gave their money
TO pay and eed our soldiers were second in pairosm
only 10 tho soldiers themselves. The chief object on
now seems TO be that tho bonds are not taxed
There arc several answers to ihis. IN The
hrst place. they werc and are taxed, and
taxed In advance The man who pays par in gold
for bond bearing only four per cent interest and
thus loans his money tor Al, or only fraction
Than halt the legal aDd usual interest In this state
pays for the exemption from further taxation IN
vance pays pretty largely for Every year lie
gets 81 for loan OF 500. II no loaned on bond and
SO, aud perhap. he would be taxed on the bond and
mortgage and perhaps ho would not be taxed. So.
from the beginnink exemption from taxation entered
into the rate OF interest paid and The prce received
for the bonds-taxation was adjusted and discounted
in tho transaction so thai, in substance aud result,
taxed '
WHAT OUR FATHERS PROMISED
To tax again or differently how would be TO break
the contract, just as much as to refuse payment In
Whole or in part. But II Is said the States should
States. This position meets wnh several o.
stacles. Let mo speak Of one. Our fathers
never should DO taxed by the States So the supreme
Court said when tno question frs, arose, before most
o US were born and SO the Court has said ever since
Following the constitution tho acts OF Congress mako
exemption IRON taxation part OF the contract With
every man VINO holds bond. Right or wrong, there
stands tho coustitution-thcre 1t stood wuen money
must DO had 10 keep the flag flying in the field, anu
the eny way 10 issue bonds ana borrow money on
them or to stop putting down tho rebellion while
Congress, and aiiorward thrcequarters OF the States
parleyod and acted about amending tho constitution.
and by that time there would havo been no Uuited
States TO issue bonds, states TO tax ,hom and
no armies to support. Ehe bonds ana tho
TIC pa,,ous lilo IN an hour Of DIRE ex,remuy'
and now II is proposed, in violation oil tho laws
and ofthe aith OF The American people, to repudiaio
and dspreciate both; and tins when, last after in
anitc trial. every legal tender dollar in your pockets
has become practically as good as soa. Now It Is
proposed TO uproot our whole financial system wnou
It's worst evils have been ovcrpassed. TO overthrow
banks, ana 10 set shifting Congressional maiorties
promises, or s.iat money! as much and as ofton as
they please. Such action would unsettie values,
would infate anu debase The currency would cheat
labor OF It's just wages. would breed corruption and
gambling speculation, would bafne all calculations
OF business aud make trade worse Ihan u rattle
rattle in which honest industry, not shrcwd cap
itsl would DO the heaviest, sorriest sufferer IL
would defeat tho very object IN view and put
buck business recovery. II would alarm Inc holders
and handlers OF money just at the limo when
greatest need is the confidence ana certainty which
will induce capital to come forth and set labor at
work. II would be like man recovering from long
sickness, throwing himself buck INTO relapse.
MISSION or THE REPUBLICAN PARTY
The republican party Is against It, and OF It's
missions Is 10 manage nHl and relief tho
ugly financial Iegsoy of which DID not make
o IN which every republican in every State
and every spot WAS on bis country's side.
When every obligation has been sacrediy performed;
when cvery promise 10 pny money has been
made and kept as good as coin; whom every tax
which can oo spared Is gone; when evory burden
when honest lasting prosperity has been rooted too
deep TO be torn up by oliy or iae,ion then and not
party be ended IL is not yet 'hke an army
term OF enlistment has expired" Look over the
OF the dsmocrstc party Its last National
domandsd the repeal OF the act resume specc pay.
ments next January. Thsn .he assertion Was tnut our
paper could not SO soon be brought to par. Now,
WHOM gold aud paper have come together months &c.
iorshand. Senators Thurman and Pondleton IN Ohio
Senator Voorhees, and Governor Hcndricks In Indans
General johnston IN Virginia, the Western anu South.
ern leaders Of the democracy generally, and demo
cratic conventions even IN New England, call aloud
DEMOCRATS AS ISrLATIoSIsTs.
r,r,v =, nHa,aa Nn s n"s ING
asons OF democrats and ipnatonsts are progressing
In Maine large PORTION OF the democracy voted the
avowcd expansion ticket md the democratic press
us over tuc result. Massach usetis oudocs herself
and General Butler advances as Cesar, win tho
the country wil or can, our opponents SION the rs-
ing tide OF imitation. Tho democratic party has many
earnestly and s,ioIy put the question, whether as
matters stand, they are ready to tho republican
party dtsbnnded or mustered out just nowr
When the sea 10 calm. alike show mastershp in
Let us SEQ whether tho republican ship oan ourido
the fury ofa storm not more angry Than II may be
brie. LAnsrtino said 81 place my bark tho
nighest pronontery OF tho beach and wat Tor tho ris
ing OF the tide 10 make u float" Let tho republican
party DC now anu alwavs the champion OF right and
courage-never the victim OF error and lear Credit,
currency ana business are not the only elements In
the elections TINS year.
SCHEMES TO ROB THE TREASURY
Schemes 10 take money rom the Treasury In stag
EertEg totals Tor claims aud
which no man can number, arc bsing hatcned and
nursed and perfected against tho tmc wncn they
compel attention. When will that timo bot When
full sway IN Congress IS gwen TO the party, ana
the sentiment whicn now rules sod Sorih"-a
South mado solid not by honest nsjorities aud
tree honest voting, nut by mnorities dominating
through crimes against God aud man. That solid
South. again. as Of old, sends up majority of all the
mocratic votes In Congress- 1t rules tho democratic
csucus, and must decide tho party action whenever Il
Insists In tho House oi Representatives there are
iorty committees ana already the chairmen OF tween.
Win n hen nY0 q ne
After next March the south Will control tne commt
tees OF the senate also Ycu need not be reminded
that committees arc all powerful In legisiutonmore
than ever now, because OF thegovcrw helinng press
ure OF business which makes Iun and open
You need not be reminded either that about one
third Of si national revenue and expenditures comes
are 10 pay 81 Of every sS taken from the Treasury
havo not need, before We drit much further, ~ IN
quire, 'Watchman, what of tho nght?"
sECrIoNALIsx.
ain for conciation ana recon c ciation and concord
ana pence all around; but my belief Is that tho men
and the communities who stood by The flag and prayed
Tor and fought for IT, they bebavc themselves, are
just as gooa ss those who drenched the land with
blood and covered It with mourning, doDt and taxes.
UcIicve, too that those who strovc the
try sale legislators anu chairmen OF Committees
as thoso who stroyo 10 destroy IT. Nasuanimity
generosity aud forgiveness, unparalleled In human
annals, have been the poiIcy OF tho nation toward
those VINO sought its overthrow. This Is grand,
majestic ChriGtan; but II may DO carried too tar
IT not wise Tor the orth nor Tor tnc South Itself
to hand the sovsrnmsnt over bodily 10 those who
stances now mold seats IN Congress gained by stng
elections by terrorism and boodsbcd. 1t Is not wIso
or jItt ibus to Tempt human nature. II IS not sao
for tho habitations OF the North or oi the South.
wneu pcstcnco smitss Sonthcrn homes let the Norm
pour oct, as size now 0oe5 money apd sympathy,
never holding back larthng because u Is Southern
and not Northern woo. This IL right But whcb
taking political action let us be just to ALL only to
ourselves but to those whotner black or white, 10
whose protection VIC are bound by ties which would
not be iorgo,tsn by an Aigcrne pirate or Barbary
corsusr. Look at the school laws 10 Southern
states Look ut counties la which repub.
hcans white and black, are In great MAJOR.
ties and Ia which Young places have pcen
reduced in number tiii those nearest oach
other are sometimes twcnty.nve miles apart-mnking
!. impossible Tor tue poor to rcacn tbe ballot box.
Look dem ocratic counties, where the voting places
been increased thirty with al sres not greater
than republican counties In which by the act OF
Legislation the polling places haze boon reduced TO
nine
fAcrs DgMocRArIc CONSIDERATION.
In the county IN when Charleston, G., Is there
republican majority OF 5000, yet at election
long ago Tor members OF thc Legislature no rrpubli
can candidates were nominaied--no republican votes
IT.. IL. ITALIA ite an