Mexico weekly ledger., 1878-08-29

THURSDAY, AUGUST 20, 1873.
1876.
THE DEMOCRATIC rLATEoH OF N LAST
PRESIDENTIAL CONTEST.
We, the delegates of the Democrat
ic party Of the United States In ma
tional convention assembled, do here
by declare the administration Of the
federal government to be in. great
need Of immediate reform ; do hereby
snjoin upon nominees of this onven-
ton, and of the Democratic party in
each state, q jealous effort and CO.
operation to this end, and do here
appeal 10 our fellow-citizens of every
form Of political connection 10 under
take with US this first aud most press
ing patriotic duty for the Democracy
Of the whole country. We do here
reaffirm our faith in the permanence
OF the federal Union, our devotion to
the constitution of the United States
with its amendments universally nc.
cepted NJ . final settlement Of the
controversy that engendered the civil
war, and do here record our stead
fast confidence in the perpetuity Of
republican self-government; in abso-
lutte a~cquiescence in the wiilof the ma
jority, the vital principle of republics;
inthe supremacy of the civil over the
military, in the two-fold separation of
church and state, for the sake alike of
civil and religious freedom; in the
equality Of all citizens before Just
laws Of their own enactment; in the
liberty Of Individual conduct unsexed
by sumptuary laws; in the faithful
education ofthe rising generation that
they nay preserve, enjoy and trans
init these best conditions Of human
happiness and hope, we behold the
noblest products of q hudred years Of
changeful' history. But while uphold
ng the bond Of our Union and great
charter Of these our rights, it be-
hoovcs . free people to practise also
hat eternal vigilance which is the
price ofiiberty.
Reform is necessary 10 rebuild and
establish in the hearts of the whole
people the Union eleven years ago
happily recued from the danger of O
secession Of states, but now to be
saved from q corrupt c~entralism,
which, after INJECTING upon ten states
the rapacity of esrpet-bag attorney
has honey-combed the offices OF the
federal government itself with inca
pacity, waste and fraud; infected
states and municipalities with the
contagion of misrule, and locked
fast the prosperity of Industrious peo-
pie in the paralysis Of hard times.
Reform 10 necessary to establish a
sound currency, restore the public
credit and maintain the national
honor. We denounce the failure for
all these eleven years TO make good
the promise Of the leeal-tender notes,
which are q changing standard Of
value in the hand of the people, and
the non-paynsnt Of which is the dis
regard Of the plighted faith Of the na-
ton.
We denounce improvidence which
in eleven years Of peace has taken
from the people in federal taxes thir-
teen times the whole amount of the
l~egal-tender notes, and squandered
four times their sum in useless expense
without accommodating any reserve for
their rede nption. We denounce the
financial imbecility and immortality
ofthat partywhich, during eleven years
OF peace. has made no advance to-
ward resumption, preparation for re-
sumption, but instead has obstructed
resumption by wasting our resources
and exhausting all our surplus income,
and while annually protesting to in
tend q speedy return to specie pay
ments, has annually enacted fresh
hindrances thereto. As such hind
rance, we denounce the resumption
clause of the act Of 1875, and we
here demand its repeal. We demand
a judicious system Of preparation by
public economics, by official retrench-
ments, and by q wise finance which
shall enable the nation soon 10 assure
the whole world of its perfect ability
and its perfect readiness to meet any
Gifts promises ut the call of a creditor
entitled to payment.
We believe such q system welI-ad-
vised, and above all, entrusted to
competent hands for execution, Great
ing at NO time an ar ificial scarcity
Of CURRENCY, and Mt no time alarming
the public mind into q withdrawal of
that vast machinery Of credit by
which 50 per cent. Of our business
transactions are performed- sys-
tenn open and public aad inspiring
general conGdence-would from the
day Of its adoption bring healing on
its wings 70 all our harassed indus
tries, set in motion the wheels of
commerce, manufactures and the
mechanic arts, restore employment