Ashtabula telegraph. (Ashtabula, Ohio) 1874-1880, 1878-08-30

constitutional amendments; that every law ptssea
bT radical Congress. however doubtful It's consti-
turionaity manifest its injustice and impolcy Is
nevertheless Obeyed."
raises against the mode Of adoption OF the constu-
tiOnal amendments, and the doubt be expresses As
to the consttutonality of the laws to enforce them
20 say that The Democratic party has frankly and
anfuIly accepted the results Of the war; that they
do not accept observe OF enforce the constitutional
Sme1dments or the laws passed in aid of them 1t is
precisely Of this that the Republican party com
plains that it win try @ enforce, and. though tenn
pOrarfly divided ana defeated, will continue TO de-
Inand and will eerainly. ia time, secure 1t was
the organized deprivation Of the Republicans in
LOuisans Of the night 70 vote that oeeasioned the
controversy there and so in Mississippi and South
Carolina have no doubt that many Of the plant
es business men and property holders Of ils the
party, are anxious TO. and in time viii be
able TO Proseet the blacks in their rights, but
in the South Il is not they who like Judge Thur
man. denounee President Hayes as usurpeI and q
fraud but thousands Of them acknowledge that the
policy adopted by the Republican party to the peo-
pe OF the South st the close Of the war was without
example in generosity in the history Of the world
and they gratefully acknowledge that the policy OF
President Hayes would secure 70 the South peace,
order, and prosperity.
THE ANESDNESTs not ENFORCED IN THE SOUTH.
But J. who supported this policy, and shared IN 1t.
feel do Republicans generally, that the South has
never frankly or manfully responded 70 this polley.
They do not enforce the amendments They do not
give EQUAL civil and oIit rights to either white or
black Republicans They do not permit or tolerate
1hatfree expression of opinion and discussion ana
action essential 10 republican government, Out
by their adherence the very clements in the Nortn
that encouraged them into rebellion, tnat brought
oil which they complain, they rePel all
efforts 70 break down the sectionalism OF the past,
the people Of the North in order to secure peace,
order. and liberty.
JUSTICE AND EQUALITY" %
Judge Thurman IN CONCLUSION, says:
ssDo you wish the Union preserved2 Then sup
port those who would bind it together by the ties Of
fraternal feeling and common interest as well as
by eo1sututions ane "a avs 70 y9q @ revere JustlSe @
party on whose banner Justice end Equality are
iDdeiibIy inscribed
ever threatened this Union7 What party was ar
r1yed in arms against IL during the war, and what
sacrifices were made for Il in the North2 Did ever
any Republican seek 70 disturb the Unon2 Justice
and Equaityl2 When did the Democratic party
distinguish Itself for justice ana equslity3
Perhaps, fellow citizens, as executive officer.
have erred in following Senator Thurman in so much
OF his speech is purely political, but am none
time win never when viii cease to have pride
in the merits and past achievements Of the great
party 10 which belong. It is rather hard 70 have
the Republican party, which has done so much for
the existence and honor Of country asSailed so
unIusny by Democrass who, during the trying time
OF our history have been passive or neutral prom
ise you now to adhere during the brief time viii
detain ycu, to the business topics in which we are
all alike interested.
BUSINESS DEPRESSION Also GENERAL ABROAD.
- Judge Thurman says:
Nov. certainly no one viii deny that this eoun-
try has for .he last Eve yean suffered as perhaps no
other country ever did suffer from any depression
IN every branch Of business In every industrial oe-
cupaton."
has suffered from depression in many branches OF
business and in many Industrial occupations ad-
mit but every civilized and Christian country in
the world hss su Tered to greater degree In com
parison with any nstion Of modern times our con
dition in every respect more prosperous and hap
py. If you read the English or French or German
papers, you Win find that causes of complaint
nothing to be compared with theirs while in our
country there are many circumstances which relieve
the general depression. Let me name some Of the
hopeful signs of the times. The whole period since
period From July l. 1858, to July l. 1873, our i'm,
ports exceeded our exports in the enormous sum oi
S104 2l9. Much OF this was for silks and furbe
lows contracted in the iaith of corner lots marked
up Of inflated fortunes suddenly acquired, but most
of it for articles that own labor should have
produced 1t represented foreign capital
loaned to our citizens and 70 corpora,
corporation bonds and private notes The
same causes produced extravaqant prices here. wild
schemes railroads built twenty years in advance oi
their need, reckless expenditures led TO numerous
debts being contracted and to our corporations and
homes and farms being plastered with mortgages
Since the panic the whole condition OF our trade
and business has changed. Since 1874 our exports
have exceeded our imports in the sum of S5O7459,
81
$50 our exports reaching the sum of $3.50 $50 98 AND
during this fiscal year this Of exports is in
creasing;, This is debt paying process. The grea
now settled. either by payment or bankruptcy, ol
readjustment
OUR BONDS NOW HELD AT HOME.
At one time it was. estimated that the amount o.
United States bonds held abroad approached ST. 900,
100000; Two years ago the general estimate wa'
500 10000 to S25O,oOO,OOO. The common fear ex
pressed for the success Of any plan of resumption
was that foreign nations could at once by return
Of our bonds, exhaust our gold and thus defeat re
SUMPTION but this is no longer feared when the
nf n dnht hafd havnr Iir1if
of the United States Last winter when an exag
gerated fear prevailed in Europe to the effect o
the silver bill, s60OO00OO Of our bonds wer'
promptly absorbed by our own people in sixty days
and although this stopped the sale of bonds by the
Treasury It strengthened our position by bringinE
Another favorable sign of the times is the very
large increase OF domestic productions, both Of the
tsrm ana OF the WORKSHOP which not only I'LL the
place of goods heretofore imported, but enable u
70 compete with foreign nations in their own mar
kets.
WONDERFUL INCREASE IN ExPoRTs
have here recent table showing the increase Of
leading exports OF our own production. This show
that our exports OF cotton iron, STEEL copper, eath
e. and other manufactures has increased within ter
years nearly tWofold, and that the exports of oul
agricultural implements and provisions have in
creased nearly threefold. The total amount of Ger
tain leading commodities exported in 1868 wa!
Sl4lOO0OO0 and in 1878 S404 O000 0OO showing al
increase of s26S, 100000.
Another table shows that our importation of Ger
tain fabrics which we can readily make in thI
country has diminished nearly one-half OF textiit
fabrics. including manufactures OF cotton silk
clothing, and dress goods, the amount imported
into this country in 1873 was O00 the amour
imported in 1873 was SIS. 100000 making diminu
ton Of S74,OO0Oo0. most Of which was supplied b.
our own production.
FALLING OFF OF IMPORTS.
The imports of iron and steel in various forms il
1873 $50 S08 49, while in 1873 it had fallen I
S9057,6S3, showing diminution of $50 0S49. Thi
falling of was supplied by our own industry
The total leading manufactures named in thi
table imported in 1873 was S272 957 6sS and dUrni
the fiscal year ending June 80 1878. it was Si24
211724 making falling off Of S14s ~ S99 Thi
great decrease was especially noticeable in the i'm
pors of manufactures Of cotton, silk, WOOL iron am
steel
This increase Of our exports and diminution O
our imports is perhaps the most remarkable in mod
ern times. We are competing in cotton fabrics witt
Manchester, In cutlery with Sheffield, in iron AM
steel with Birmingham, In watches with Switzerland
and in gloves with France 1t fs a debt paying an
trade developing process that is adding immensel
TO our wealth.
REDUCTION OF NTEREsT OF DEBT
Our progress toward resumption Is accompanie
by increased national credit and by a large reduI
tion Of the interest Of the public debt
Under the refunding act. which is designed to con
vert our per cent. bonds into bonds bearing
lower nate Of interest have already sold par II