New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-08-26

eyBtom of issuing all our paper money directly from
the Treasury the volume must depend upon the uneer
tain caprice OF Congress- There never was aud never
rule the proper volume OF circulation What would DO
sufficient for one month may De insufficient or TOO great
for the next The tickle and changing opinions OF Con-
Rress unsfe basis which to regulate the value
o. all the business transactions OF che country lMr
1874 In which Mr. Thurman took the same ground and
expressed himself very stroDgy.I
THE REPUBLICANS AND RESUMPTION.
For myself and believe speak for the great majority
Of the Republican party intend TO take no backward
step We propose to stand by the promise OF the Gov
and protect the laborer and capitalist from further
uctuaon and loss by Irredeemsble paper currency.
The Republican party created the greenback Ia the face
Of Democratic denUnciati0n and OppOstion and they
propose To maintain II IN honor now when 10 Is threat
ened By the dangerous and reckless championship OF It's
lat enemies Ii is all the more necessary that Republic
cans should do this when hard money Democrats, VINO
have hitherto aided in sustaining the public faith
falling away from IT. support one by one they are joining
the ranks If the InatiOnists dropping over into the
wilder heresies Of tine Greenback party can imagine
the Of such GaTd money Senators as BaYard ana
Herman when they the late speech OF Senator Thur
man. their honored leader. shall be surprised II somo
OF them do not respond to him In his own switch he
used in the Senate on the Goth OF March, 1874 when De
said
"Sr President, Notwithstanding the pressure. have
stood here i'm obedience TO the dictates OF my
Judgment 10 resist what considered dangerous and
DISASTROUS Imitation OF the currency but begin TO believe
tnat those who opposed TO Initiation are falling OF
one by oDe and cannot but remember some words Ia
n seems To me may be pertInently read: my brethren
nave dealt deceitfully as a brook, and as the
stream OF brooks they pass away which are bracksh
is hid: What time they wax warm they van
when it is hot they are consumed out OF their place
And So sir when t has xed hot under the elOquence
of my friends from Indiana and Illinois and Michigan
first che Committee Finance yanshes out or It's place
and abandons the theory that there should DO no nha
ton One by one they are consumed out OF
their place and TO fora moderate increase OF the
currency. Well Mr. President. do not know but that
this might Justify Inc, mere sergeant or private soldier
II should say that all the leaders baYe abandoned
the flag, l. too, might stand up In its defence"
others do let the ReDuDlCauS continue
TO stand up IN It's defence.
DEMOCRATIC ASSAULT on AMERICAN INDUSTRY.
The Democracy of OHIO denounee the present law for
the protection Of American industry, and demand
tariff for revenue only 1t is admitted all hands that
the present of the Government cannot safely
be diminished yet the Democratic House Of Represen
tatives reduce the whskey and tobacco,
and voted almost unanimously for bill which would
have fatally crippled our leading manufacturing inter-
ests. Pretending that it tariff for revenue only,
their bill largely increased the duties on several leading
on the leading Northern products For exam
pie, the present protective duty on sugar Is 62l9
per cent al yalorem. Tuis makes the sugar product
Of Louisiana possible anu pioutaDle. nith3gt ~
not ton could be produced Ietthe Democratic House
m OF reform increased the duty
10 20 per cent-an almost IrohDltory duty-and then
turned the great iron, wOoen ana spinning interests
Of The North and struck them blow which would not
only crippled the owners, but would have thrown
out Of employment half the artisans in the mills forges
prohbitOry tariff; but do believe in fair and reason
able protection OF American Industry which VIII enable
PIGMENTS OF industry 10 be 10 snort
and selireant milton. Twenty-Five per cent OF all the
laborng OF the United states engaged In mining
ana manutactuIhgi ana as lhsulDer vi tne Conhttee
OF Ways and Means DO not hesitate TO say that the
Tariff bill which DemOcratlc House sought 70 impose
upon the country would hayethrOWn out OF employment
half all this great body OF American aboreTs. IL was
defeated by the almost SOLD strength OF the Republican
party and few volunteers from the other side. But the
ONO Democracy in their platform this year denOunce
then have the efrontery declare that the Democratic
party Is the champion OF lab0rtng men.
FALSE DEMOCRATIC CLAIMS.
During the last three years our Democratic friends
have been loud in their preensous Of economy, and
they went into their last campaign with the boast Of
great reductions OF expenditures. They have made
some reductions for which they entitled to credit
but a large portion Of their pretended reduction was
made by refusing 20 make what they knew were neceS
ary AUTHORIZATIONS and which aferward they were COM
peed to pass In the form OF deficiency bills The result
Is stated by Senator Window, chairman OF the Senate
Committee on Appropriations that the deficiencies and
OF the present House have increased the
appropriations for the current year T2SO0OOOO above
those for the last year. Notwithstanding the
tence OF economy made during the first two
years OF Democratic rule in the House, since
the books have been balanced and deficiencies
supplied, 10 Ia found that their reductions for
those two years were S4OO0OOO less than the reduc-
made during the last two years OF the Republican
House. L. discussing the question OF economy, Senator
Thurman has eOntrasted Democratic expenditures pre-
TO the war with Republican expenditures since the
war aud to imagine that by leaving ont from both
periods the payments Tor interest on the public deot and
for pensions he AFFORDS Iaf basls lot compaIisOH he
oms notice lie fact that every year since the war
paid large sums Tor bounty ana back pay 10 SO
dlers and for claims growing out OF the war lie omts
the fact also tnat many OF the civil departments OF the
Government OF necessity nave been greatly enlarged IN
order % Transact the vast increase OF business Whch me
war imposed upon them.
In the face OF the alarming facts OF Jolly, 1877 when
900 900 Americans trcmbled il the balance OF un-
certainty fOt days. not knOwingwhether the torch and
blood would mark the pathway OF anarchy across our
continent or order aud peace would rule IN TIE face OF
tho that In great group OF States extending from
ocean 70 ocean the lives and property OF many millions
OF citizens were rescued from sudden and imminent
peril only by the prompt and efficient response OF our
gallant little army to the Constitutional demand OF the
States for aid; In the race or ali these taets the
p esent Democratic House OF Representatives sought,
by every means IN its power, to reduce the army
and cripple It's effectiveness. This course was
not pursued IN obedience to any popular demand, for
during the last eight years not one petition mas been
sent to Congress praying toI reduction OF the army
But during late session numerous petitions came
from the Boards OF Trade ana rom leading elzens OF
our great cities, asking Tor us increase 10 insure the
public peace against the growing spirit OF mop violence
All the warnings and entreates Were resisted by tue
Democrats Of the House, and several speeches were
made either in apology or defence OF the late riots.
THE DEMOCRACY SECTIONAL PARTY.
have no disposition TO reawaken the passions and
preudices of the hut IL just to say that the
try ought to hesitate before places power party
whose councils ruled 10y men who were lately in re-
bellion. Twohirds OF the Democratic members Of the
House Representatives. from tho Southern
States and year by year the Union Democrats OF the
South have been dropped aud their places in Congress
stItictiOn OF the Union. | say again, the RepuDhcan
party welcome all such men II they come back heartily
To tue support OF the UNION. tBCSBHAiHh
OF the eaIlse for which we fought. But perhaps
IL Is too 20 expect that many men WI
frankly confess so great public wrong, and bodily
act upon that lconfesson. Year by year, as the Dem,
ocratc party has gained strength and influence the old
ate sovereignty doctrines have become more and more
I'm their councils and policy. The present
onse OF Representatives ruled by the DEGREES OF the
Democratic caucus, and Southern Democrats constitute
q large majority al the caucus. ,.,
Aside from the danger that suohmen will do all In their
nower 10 reverse the decisions OF the and freeze out
the life OF the Constitutional amendments by adverse
legislation is the other great danger to the Treasury
am not disposed eNaggeIatc the danger arising from
Southern claims. No doubt many OF them which nave
been presented Congress TOO extrayagan ana pre-
nosterous ever In allowed, by DemOcfatS but
they arc nevertheless presented and pressed with de-
erminaon that cannot long Do resisted II that party
obtains full ascendeucy IN Congress. The amount OF
seh claims now pending IN Congress Is equal to more
tbsn quarter OF the whole Of our public debt On the
-. IAnr, Anrlnr xviii