New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-08-27

ress however doubtful its consttutiOnaty manifest
pass over as matter OF taste the Inference he raises
against the mode of adoption OF the constitutional
amendments and the doubt ne expresses as TO the con
additionally OF the laws iDfOTce hemto say that
the Democratic party has not frankly and maniuly &C
observe or inforce the Constitutional amendments or
the laws passed in aid Of them It Is precisely on tni
that the Republican party c0nplalhsi lnat ~
wifi try TO infOrce, and, though Temporarily
divided and defeated, will continue to de-
mand, and will certainly IN time secure
THE AMENDMENTS NOT INFoRCED IN THE SOUTH.
But l. who supported this policy, andsshaed IN it, feel
rs do Republicans generally, that the South has never
frankly or manfully responded to this policy They do
not nforce the amendments. They do not give equal
civil and political rights TO either white or black Repub-
cans They do not permit tolerate that free express
sion OF opinion and discussion aud action essential TO
republican government but by their adherence to the
very elements the North that encouraged them into
rebellion, that brought them the very waste and
desolation Of when they complain, they rePel al
make IL vitality necessary again TO concentrate the
people Of the North in order to secure peace order ana
Perhaps. feIlow-citizens, as an executive officer.
have erred I'm following Senator Thurman IA much OF
his speech purely political but an none the less
i1me viii never come when win cease TO
have pride in the merits and past achieve
ments OF the great party TO which we belong. lt Is
rather hara 10 nave tng % & Mi'n n1
try assaled uniusty by Democrats, who during the
trying time OF our history nave been passive or neutral
L promise you now TO adhere, during tho brief time
will detain yOu TO the business topics In which we are
all alike interested.
BUSINESS DEPRESSION GENERAL ABROAD.
Judge Thurman says;
"Now certainly no one will deny that this country has
for the last FIVE years suffered perhaps other coun
try did suffer- from depression IN every branch OF
business in every industrial occupation"
deny this statement toto. That this country has
suffered from depression IN many branches OF business
and in many Industrial occupations admit, but every
IN fha
suffered 10 a greater degree. In comparison with
any nation OF modern times, condition
In every respect Is more prosperous and happy.
l have here a recent taOle showing the Increase Oh
leading exports OF our own production. ms SHOWS
that our exports OF cotton, IRON, steel copper Leather,
and manufactures have increased Witntnen years
nearly twO-fold aud that the exports OF our agou-
tural implements and provisions have Increased nearly
tnIee-fOd. The total amount OF certain leading com
mOdes exported 1868 Sal 600 OO0 and IN 1873
S4O4 100000 Showing an Increase OF S2O3tOOOOOO
Another table SHOWS that our importation OF certain
fabrics whicn We readily make tins country has
diminished nearly One-haf Oi teNtle iaDrcs lncludns
manufactures OF cotton silk clothing, and dress goods,
amount imported into t country IA 1873 was @l19-
OOOOOO; tho amount mpo ted III 1873 was oOOOOOOO,
supplied by our own production 800
The import OF iron ana steel III various forms in 1873
S59,3Os,452, whio in 1873 IL had fallen 10 S9057
633 showing diminutIOn OF S1O21OS40. This falling
on supplied by our own industry.
imported IN 1878 S272 9j7 633 and during tie fiscal
year ending jane 80, 1873, II was making
falling of OF Sl45747, $50. This great decrease was
especially noticeable the imports Of manufactures Of
cotton, silk, WOOL iron and Steel This increase OF
exports and dlminuon of our imports Is perhaps
the most remarkable N modern times. We are compet-
ing cotton fabrics with Manchester. in cutlery win
sheffield, in IRON and steel with BlrmlnHham ~, IN
Watches with switzerland, and IN gloves win
France. Il is debpayug and trade-deTeopng process
that Is adding Immensely 10 our wealth..
REDUCTION OF INTEREST ON THE UEBr.
Our progress toward resumption is accompanied By
increased National credit, and By large reduction OF
the interest Of the public debt.
Under the Rounding Acc, which IL designed to con-
vert our per cent bonds into bonds bearing lower
rate OF interest We have already sold par coin, i've
hundred millions OF per cent bonds. two hundred ami
fory-sx millions Of 49 per cent bonds, hundred and
thty1ye millions Of per cent bonds, the proceeds OF
which Except ninety millions sold for gold coin IN hand)
have been applied 70 pay al equa amount Of per cent
debt, making annual SAVING IN the Interest OF the
doDt OF Ten millions Oi dollars, ana we arc bOW uAlJ
selling the cent bonds directly 10 tie people upon
the basis OF popular loan IN sums as low as so.
Ineso bonds have become tue savings banks OF tue
people safe deposit Tor their surplus money always
available for use when needed ana depending upon the
hon0r OF the nation, anu therefore, slT o tvss tny
satisfactory feature OI tns loan ~ tat IL 10 DehE
held IN small sums Dy great numbers OF our fellow
citizens, ana Is olstIlputeu thiOukhOut al to o.aVa III
the Union. Daring tne first twenty days OF the present
600 and now have Iue confident that during
this year they Will exceed SlOO'OVOOOO, ana viii pal
OF all the $40 per cent bonds U the Issue OF loOJ
THE LABOR QUESTION.
And now fellOw-citizens, Ia conclusion, let me invite
your attention briefly TO the agitation Of the labor ques-
tiOn not only in this country but In other countries
where production has exceeded consumption aud
thrown out OF employment many industrious laborng
men, and paralyzed important branches OF industry es-
pecialy OF the iron aud coal industries. know that
in some places labor is depressed, tnat wages low
that many Wiling hand finds 1t hard TO get work. and
sometimes hungry men, and children want food
clothing aHd shame DO TO him who does not sympa-
thize with suffering and selieye It u possible No
wonder that honest labor grows sOued AZ inc ncqua-
ties ol iie sometimes s.ens 10 the cry Oi the Gea
that human laws have caused this distress, and
mat II he was in office he could furnish redIcss
The same distress ia lar greater utklco 6Asts III
Great Britain, France, Germany, ana all civilized na
uOns whatever their forms Of currency or standards
OF value Modern Inventions, when supply WONDERFUL
which consumes Only water aud coal as "A
substitute for the skilled mechanic, have greatly dmlu
isued the occupation OF labor Fewer aDOrrs are re-
qulred the work The only remedy would seem
10 DO pursue new udustries ana seek new markets
70 be supplied Our own country - blessed Win cheap
lands nyIung labor ami tho tucrgy OF our own people
plOymenL supplying productions heretofore made
abroad, aud in sending our home productions TO foreign
limited powers II ought 10 do 10 encourage protect ana
iOsiGr labor.
favorable 20 The laOOTng man than those
any other country and any ued, or reform, or meas
The Republican party It's earnest and sympathetic adYO-
cato 1nat parry done more for the protection ana
development Of labor than any other Our Constitution
and laws guarantee 10 every man Slua cvil anl pont
cal nights. Property Is moro equally distributed tDan
elsewhere except Ia France anu, excluding the negroes
who out rec nifty acquired the right to VOTE greater
proportion Of czcna are prOperty-hOldcrs. More
propery hod and the rest want 10 DC, hope TO be-
and can This country OF ours Is the permanent
ned tramps and COMMUNISTS Our laws Tor the DIS
rbutOn Of property tend directly and rapidly 10 dis
iDde large estates. Property here Is required To pay
more tribute 10 labor than in any other country in tic
world.
GOVERNMENT WILL PROTECT LABOR.
Property oducates the children maintains all your
charitable institutions maintains your streets, roads
and local improvements aud all parts OF National State
and local government Tue very few that attach
TO those who have property on whiskey tobacco
and beer which voluntary taxes II the Government
can DO more TO protect labor 1t WILL 1t offers 10 every
citizen homestead the public lands II offers every
man equal chance Every Onlce ana honor IS open
10 equal competition and 10 gives 10 no rank, tte
advantage except what lac himself acquires Ihis 10
ali that free Government can DO IL cannot take inc
ihn rINh and nNlne M among the DOOR. IL