The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-13

UtIATG HDu ED HOGDg We ~
connot shrink from the responsibility, how
ever much we may feel inclined 20 relieve Ines
81 uerr,le. They have been exhausted, KNOW
they have been taxed to death; butsh 10
TINT the taxes went to pay these bonds.sno'
ma that these bondhOlders received tn
money. Because you have been robbed, d
yolawant To rob somebody else2 When 70
relieve the people, relieve them OF their .Wants
but don't dlshonor them. You cannot'do u
y yu,1 cannot afford to do It,
III, il nj risk that YOU cannot run. There lS
4 Nemesis to avenge it,. 1t 10 D public Sin and
fliblic disgrace-a public calamity, publ
wrfnr-if without any investigation you tel
these men that We have allureu Them 20 Iaa
our bonds, and allured them to their destruc
tIon. Now let us look further INTO inns mat
ter.
The saddest jokes have read are those
II Cervantes In his Don Quixote, where hy hl
humorous Jokes he strikes down the beauti
ful chIyalry of Spain And We now ha a,,e.
public honor, public credit and public faiti
are public curse. The proposition Is false
We cannot afford To entertain 1t. Pablo credi
may Or may not be- q blessing, but one thint
~ certain, public dishonor Is curse; you can
not avoid Il. Public faith is founded upon th'
noblest principle that animates,us. Its tn
foundation of civil society. II Is the prevail
Ing aud all-absorbing sentiment of the human
heart. =.
By what rule will yon guide. human testi
luUNys YOU uHfB HU Ahlt1 IA nuAluh WAt
nesses BY what rule will the saint see biz
Way CLEAR To Heaven, II he dies with skep
tics gxeer upon his lips, without faith In Goo
and Immortality II we have no public faith
snubody will trust us. We have pledged oul
Public faith Iresents the aggregate OF pr.
vate faith. q, MI. President. We are doing
wrong when we deliberately tamper with
that principle which should be cherished and
maintained.
r 49,
Iii conclusion. We have to maintain the pub
lie credit. We have a State which Is just re-
CnperatinR from q terrific depression and
shrtnkaRe In value, which has been going On
since 1878. We are just now upon the renewal
ok prosperity. The statistics quoted by the
know that they coincide with the statistics
III Daniel bennett, an old resident Of my
parish, 20 far as the sugar crop is concerned.
We have only TO look abroad over these fair
lands OF ours. We have only TO inhale this
this magnificent country, and look at the I'M
1aunted courage Of the people. We are not
Egyptians. You cannot compare us with
them. We are Of the Anglo-Saxon stock,
sntermtngled with the best blood Of All the
aAbysinians, Here is our soil. Here is our
climate, Hereis our magnificent river. Here
ri O.ar enlerdid city. Here Is our alluvial land,
second e. none on earth Ia fertility. Here
are our streams running through the land In
every direction, interlacing each otner 30 as
W Tenaef Ialiioaus althoeb unnecessary.
! Here 1s the Iron arm q the
grasp the trade OF that empire; here are our
npople animated with hope and courage Tt
I will not duto strike down all their aspirations
and their best hopes with such schemes and
grim Jokes as To the value Of public honor.
ran hnktnr afford III throw away &11 fN3(1 On0
than t. lose our public credit. Look ct the
State Of Mississippi; she cannot borrow q
cent. For many years after the State of Mis-
slssippi passed her act Of Reputation the
name American WAS almost a steEch In the
nostrils Of the capitalists Of Europe. Look
at her sister State Of Louisiana;
the credit Of her people went up. Look at
her magnificent progress. while we enjoyed
the benefit Of credit. Public credit may be
abundance OF capital will place 1t In country
like this just commencing upon career OF
prosperity. Here we are now, after these
years OF reconstruction; after political ami
mosities have been healed; after We have got
possession Of our own government; and the
gentlemen tell us that We DO not want credit.
Yes, we want it to build up this
city; We want It to recapture our stolen
trade; we want II for every purpose; we want
lures and encouraging agriculture, and we
cannot get credit Ii we violate our solemnly
pllghted public faith.
va h Ivy, sanaee, ~ cocus,on Ina5
si,,oare advocata A whatever ca,,sa asno ~ =
+ came here with the full determination to do
ny Wnole duty py my State am impressed
rno.r that II inunWaa VI .s atsso1 -
viii affect as hereafter. / have nothing
further TO say except this, that the gentlemen
WIG are snlhklhg 2. a1snohoIlng our pubic
suance 81 what they consider = their
duty. to their constituents. I will
Simply say Jnls 20 THESE gentlemen: II
aan ~, a upo a ,s Sunsete IL Ts noi enIely
mentons iss,la. Ynur naonle like musaif
not Know the character OF this debt, and do
ment upon It; and the people Of NY parish
dq not knoW ne character q this debt
asx these ysah nas u vas
saoe haan naa LOOK . ct It calmly
the he~
MIR ESs.1e