The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-14
Add greenback decrease Us above. 35,328, ,gR4
Greenbacks on deposit In the treas
ury for redemption Of bank notes. n,550,903

Add greenback decrease as above. 3532S, 1884
Greenbacks on deposit In the treas
ury for redemption Of bank notes. 11550,903
Total contraction. ............. SIG, 1882
Or an average Of over $t,8Oo,00o per month
RESUMPTION.
This contraction, says the advocate OF the
resumption act, was necessary In order to re-
sumo specie payments on January |, 1879.
| But 1t is one thing to begin specie payment and
another to continue 1t. Very probably the
| Secretary Of the Treasury can begin specie
payment on january |, but the question re-
| mains, could such specie payment be- Inain-
| tanned? Great Britain has in coin and bull
| lion three dollars for every one OF paper
money. France has more metallic than paper
| money, and they can easily maintain specie
payment; but the United States has at least
| three dollars In paper to one in coin, and
| while this dtsproportion exists, even little
| war, or q change In the balance OF trade might
make shipwreek OF their pretended specie
payment.
| EXPENDITURES.
| The last fiscal year OF Democratic Admin
| istration WIS that ending June 80, 1860. The
ordinary expenses Of the government for that
| year exclusive OF pensions and Interest on
the public debit were $58,o55, ,e52. Under Re-
publican rule, for the year ending June 80,
| 1875, the same expenses were $142o73,632, or
nearly two and one-haf times MS great as
| under Democratic rule In 1860 our popula-
tion was 81, ,443,32t expenditures 81 8719 per
capita; In 1876, the population, as near as
| it can be estimated, was 43,000,0O0; expend-
| lures per cnpita SO 30, These comparisons
are based upon ordinary government OK
penses in time Of peace, and no expenditures
| incident to- or arising from the war have been
| included In the figures given, Taking the
| seven fiscal years, from 1854 to 1860 inclusive.
| under Democratic administration, the ex-
| penditures per capita wore 81 ID In the seven
years, from 1869 to 1875 inclusive, under Re-
publican rule, they were So Is.
CORRUPTION.
| It is not necessary to spenk In detail Of the
corruption which has brought disgrace upon
| the Republic, and furnished despOts the
world over, with arguments againstqpopular
| government A bare reference brings them
| forth: Credit Mobilier, Pacific Mail. Bcknap,
| Custom house vilainies, postoflice straw bids,
| the Indian and whisky rings, and the long
| list OF defnuiters in every department.
HIS FEAUDULENCY.
| There Is one great drama Of fraud, one
| huge black spot upon the national escutcheon,
| that cannot be passed by with q mere allu-
| sion. The seat Of the Chief Magistrate is oc-
| cupied by q man who was never elected and
whose elevation WIS accomplished by the
grosBest frauds and bOldest usurpations that
ever dsgraced the history OF free people.
Though the erroneous decision by which Con-
gress counted In Hayes and Wheeler may not
be reversible, that fact only makes 1t the
the decision and the means by which It was
brought about.
II the people ever condone this great sin,
Ii they ever pardon the guilty men who per-
petrated it-and nearly every one Of whom
has been rewarded by office under the ad-
ministration-the most sanguine advocate of
popular government will have reason to hang
his head in shame, and doubt the possibility
OF it's success.
Yes, my fellow-citizens, the very existence
Of pnvnrnmnDf, UIlaafinn w
1t Is possible to maintain it, and to maintain
tin purity, is now on trial before you. AS
you love the institutions bequeathed to you
by the fathers rs you reverence your COnsti-
tuition and value your freedom as you esteem
virtue and detest all wickedness, you are
bound, In no uncertain tones, to manifest
your abhorrence OF the great usurpation,
sECTIoNAL1sM.
Another great topic remains to be con-
sidered, and when shall have offered some
brief Observations upon it, my task will be
DONE Fellow citizens nothing In politics
seems more certain to me than that the Re-
publican leaders rest their hopes Of @ pro-
longation OF their power upon the success that
may attend a studied and energetic effort on
their part to excite and perpetuate sectional
feeling.
And nothing seems to me more unwarrant-
ed, unpatriotic and detestable than this
scheme. It Is not enough that the South has
frankly and manfully accepted the results OF
the war; that. waving all questions as to the
mode Of their adoption, no voice is raised
against the binding force of the constitutional
amendments; that every law passed by q
Radical Congress, however doubtful its con-
stitutionality, or manifest it's Injustice and
impolicy, Is nevertheless obeyed; that desire
for harmony and peace and q determination
to aid in the preservation of the Union are
Enthusiastically and plainly the dominant SEN
timents OF the Southern people-all this is not
enough to deter the Republican managers from
resOrting to all the weapons in the arsenal of
the .demagogue, by which sectional hatred
can be aroused and perpetuated, and q solid
North thereby created to rule with a rod OF
iron prostrate South.
It Is thirteen years since the close of the
war, thirteen years since q hand was raised
or word spoken against the preservation Of
the, Union, and yet articles are now written,
and speeches are now made by men, promi
nent in the Republican party, the bitterness
OF which is scarcely paralleled by ANYTHING
that was written Or said when war was fla
grant, and the Union was In danger.
Fellow citizens, nothing more unjust, moth
ing more unpatriotic nothing more Injurious
to the peace, welfare and prosperity of the
republic, nothing more clearly demonstrative
Of the necessity for change Of rulers, and the
inauguration Of an era Of justice and fraterni
tty, than Is afforded by these facts, can be
imagined.
Do you wish the Union preserved? Then
support those who would bind it together by
the ties of fraternal feeling and g. common in
terest, as we'll as by constitutions and laws
Do you revere justice and advocate equality
OF rights? Then support the party on whose
banner "Justice and Equality" are indelibly
inscribed. Do you wish to see the country
strong and prosperous? Then support the
policy that, shedding it's benign influence
upon every part, gives irresistible strength
and universal well being to the whole.
NOTICE SERVED ON MEXICO.