New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-14

tins DIET ermlnatlOn MI. SciltiiZ was tne autnOr
or the tool; and in either case his cloak OF
Reform has been used to cover transactions as
indcfensbe as any in the bad record OF this
Indian business.
VIII TIE SILTER BILL HELP TIE SOCTHf
The attention of Mr.. Eustis of Louisiana,
and other Democratic Senators from the Cot
ton States is invited. NcwOrleans bankers
with singular unanimty, resolve that depre-
ciated silver coin would be ruinous to business
SO the chief city of the cotton growing states
strongly seconds New-YOrk. The " sharks
are not confined to Wall Street. The issue IS
between commercial intelligence and CONNER
ca1 honor on the one hand, and the Hack of
intelligence and commercial honor on the
other. Bankers and business men, no matter
where located, see that commerce and
industry stagnate If there is not
definite measure of values. Ships rot at
wharves If there is one measure to-day
and another tomorrow. Growers get into
debt. and production is chOkcd, if the money
which pays the cost of production is not the
money which fixes the value OF the product.
New Orleans speaks for the producers OF cot
ton. The price OF their product Is fixed abroad,
and in gold. Change in the value OF the cur
rency they pay for debts OF for Labor aillicts
them, but not Liverpool. They lose, and the
bankers with whom they deal, If their busi-
ness is thus made uncertain and hazardous
Mr.. Eustis will consider that these are not
the words of politicians. They come from
men who know the real needs of the South.
OF all others. that section needs a sound cur
rcncv. for the price of its chief crop is fixed
in gold. The producers and business men o.
that section cannot atl0rd-can he afford ito
choose rs the measure of values much de-
prcciatcd and tluctuating currency. Pro-
duccrs Of the South look to him. Bankers
and business mon of the South look to him.
lie represents, in very large measure, 1.-THE
commerce and industry, as he represents the
chief commercial city, OF the cotton growing
States, and it will he counted strange if the
voice of tie bushes, men OF New-OIleals Las
no weight with him.
Every commercial and industrial interest of
the South demands Il sound and stable cur
rency. II WAS not without reason that the
south WAS always hostile TO every scheme,
which made money out OF promises 70 pay.
Hard money was before the war. and ought TO
he now, the watchword of the cotton-produc-
ing States. for no others lose more by means
of a money of doubtful or changing
value. 4 large part of our national
exports they furnish, and its sale brings
a large part of their gains. II they
vote Tor cheating currency they vote 10 cheat
themselves. l. il strange that the tendency oi
the South to support initiation, Silver-rcpudia-
ton, or any other scheme to dcbasc the cur
..o..o,. :, ..,..,-i. - l." ir~ e. i"t'ei 0f tDc
crccnback! For the grccnbact is known to
the North as the weapon which killed dlSunion,
ard every step TO make it worthless seems to
the thinking men of the North an effort TO
stab the honor of the Union. The business
men of New Orleans mean something better.
Mr.. Eustis ought to mean something better.
Senator Eustis is Democrat, and is said to
be n strong partisan. We love not the same
party, but we want 10 see ali parties We with
each other in fidelity to public honor Can
the South afford, through its leading men, to
strengthen the feeling that its financial pDlicy
is ruled 10y thoughts of the past ! Can 1t af-
ford to say, 81 Bad money is worse for Us than
"for the North, but we take it in order to
make pledges of the Union worthless 2"
What other reason can be given for IA leaning
growing Statcs2 VIII any thinking man
expect any other inference TO be drawn
Doubtless. Mr.. Eustis seeks the tr
umph of Democracy. He ought to know that
fear of the South, of its aims, and of lis pow
cr in the Democratic party on this question,
goes far to stop any advance of that party.
We wish not its success but we wish 10 see
no strong party in this land lending aid to at
tachs upon the public faith. Is it not clearly
SENSE for Mr.. Eustis, and for all other Demo-
cratic Senators at the South, TO make their
party strong by putting down the belief that
it means to asSail tn, public honor1
The South has peculiar responsibilities. The
Democratic South so lately brought back to
power, has responsibilities the gravcst and
most delicate. 1t is feared, and most naturally.
Fear it can dispel by just and wise votes
The men who act for that section ought To
feel that its future rests largely with them
Sectionalism is not dead. The blow to kill it
will be dealt only when the South comes to
the front, not less quickly than the North, in
defence of the public faith. New Orleans
business men have done we'll may not the
country hope that II Ncw-Oreans Senator Will