The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-16
TIE NEW ORLEANS DNMOORAT, FRIDAY MAY Is 1879

by refusal TO pay the unjust claim, ar
gued thst her honor was not concerned. On
the contrary; IL would be dishonOrdbte for a
people to be faithless to the struggles and re-
mopstrances and protestations OF eight years,
and be led to rivet their own chains under
the influence Of mock sentimentalism, or a
clustering threat OF the money power. l re-
minded them how Georgia had been threat
ened and her ruin predicted. But she went
on the even tenor OF her wav and set aside
some 81 100000 or S9,000,00O Of Radical debt.
and her credit mounted upward from that
date.
/ argued that there is no possible relation
between public and private credit. and now
politely ipyite you or my other man Z, q slow
ageous; to PROVE that it is 80 ID far more,
/ have heard the assertion since was BOY.
never saw the proof Ind down. ..
argued that industry and private credit
were before banks and brokers and public
credit unfortunately created the first there
ever was Of public credit; That pubic credn
o,,iy had its being, eristed, at the hands 81 ~
d,tsfry and pripdte credit mat there
could not be grown ma man II Rna 5t,ls c that
his Individual ability to raise money was
NH based On the credit of Louisiana, but On
his capacity to show his o,rn respons.btt,ty,
or that of his iadorsers, to the money lender
any fpa as, ~ f NV o ta Y hs
property to back him. has better credit in
hank than any man whose securities" are
simply honesty ard industry.
This Ia the infiexible, the 1mmutable law
when it seeks more positive security. but nc
more
I met the argument OF the innocent third
parties" In q few words.
They were purchasers Of property like me
or any other man, when purchasing a horse
nf 1nud IT. their bi1ainaSg tn
look into the title-not the business Of the
State Many have been ruined by buying
gas stock, but the State cannot make good
their losses. The few among them are
them in their misfortune II had wealth i
would be extremely happy in relieving them
but cannot tax other widows and orphans,
III immensely greater numbers. and unto the
unborn; l cannot perveft the functions Of
government for their relief. Other than these
there are no innocent third parties" and
these are not 30 In the eye Of justice and the
law.
And now, sir, let me tell you that In your
leading editorial of the fifteenth instant, YOU
have done me gross Injustice and society q
grievous wrong when you say that am ar
advocate Of Republication" Reputation Il
"the refusal to pay q debt when the word Ii
| used In this connection. Neither you nor any
other man can truthfully say ever did this
Thus you are unjust to me- You wrong 50
clety In mlsfepresentlDgt ne pubhc utbeTancet
of one selected by his fellowctizens to go be
fore the committees Of the convention anC
ask them, as they were hearing arguments or
one side Of q great public question, to hear
the other too.
This is not the mission OF the true press -o
Democratic press. II you differ with me
| state my positions accurately, and then com
bat them with argument and reason. II yot
are successful, 20 down. II you are not
then accept your fate gracefully. My boy q
eleven years can write down this sentence:
1.-THE arbitrary doctrines OF Mr.. Bussey anC
the vagaries OF DR. Brickell and Mr.. Mitchell.
But what does it mean2 You have moi
stated. ! give you now my real position; II
the columns OF your paper or before YOU
committees refute them. This is manly an6
Misrepresentation and ridicule, give me its
editorial columns every other day. and I'll
find man to meet you at all points.
d. WARREN BRICKELI.