The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1880-09-29

WEDNESDAY MORNING. SEPTEMBER &c. 1885,

of a country may make the gov
ernment. l heartily despise de-
magogical appeals against the rich
or any one particular class, but
this question is so grave that it
must be treated without gloves.
The growth of the money power
in this country has been fabulous,
and its connection with, and in
terest in, the government is
alarming. Oar foreign commerce
that is, exports and Imports
alone amounted to, for the year
just closed, how much do you sup
pose? Over
s1,5O0,OOO, 900 IN A SINGLE YEAR.
There is not one importer and not
many exporters who do not de-
pend directly or indirectly upon
the national government. There
are 2,048 national banks, with q
capital of over s455,00O,OOO and
S7l3,OOO,00O of deposits. Alto
gether there were last year $3.50
banks, with s656,OOO,0OO of capi.
tai and 1888, 100000 of deposits.
You know that, more are less,
they were directly interested in
and on the lookout for Wall street
and Washington. Do you know
that we have about as many miles
Of railroad in this country as all
Europe ? Actually We have over
$4,000 miles of railroad. or more
than England, Scotland, Ireland
and Wales, al Germany, all
France, all Austria, all Hungary,
all Italy and all Russia combined.
DO you know tnat the amount of
money interested in our railroads,
capital and funded debt is $685.
100000, or more than twice the
amount of the national debt =?
Last year the receipts Of our rail-
roads amounted to S529,000,000,
or more than twice the amount of
the total revenue Of the national
government, and though the FIVE
years after the panic OTIS we're
the worst ever known, they still
managed to divide for the last ten
years s7OO,OOO,OOO in dividends.
The capital invested in manufac-
lures and industries is fabulous.
There are over four thousand du-
table articles on our glorious tariff,
and there is hardly manufactu-
rer under our present system OF
protection who does not have to
look to Washington for tariff le-
gislation. Now, nearly all these
powerful interests are united in
the support of the Republican par
ty. So, of course, are the 100000
Office. holders. To all Of them Re-
publican rule means personal pros
perity sure enough. But the
masses Of the people may stop to
remember that history does not
show a single republic that did
rot perish after its people became
too rich. No republic perlshed
while it was poor. No republic
lived after it became too rich.
History has no exception to this
ruIe-that as long as republics are
poor they arc pure. AS they gro"
and become richer and richer, cor
ruption grows, public virtue de-
clines and popular selfgovernment
becomes difficult and decays. This
is the teaching Of Rome and
Greece. Ii is the lesson Of his
tory. 1t is the danger Of this re-
public-the very fact that it is
almost incredibly different and
changed from what it was when
it was founded-the very fact that
it is no longer poor, but rich,
daily growing richer.
We ali want prosperity, but not
at the expense of liberty. Power
ty is not as great danger to lib
erty as wealth, with it's corrupting
demoralizlng Influences. suppose
all the influences I have just re-
viewed were to take their bands
off instead of supporting the Re-
publican party, would it have a
ghost of a chance of success Let
US have prosperity, but never at
the expense of liberty, never at
the expense of real self government,
and let US never have a govern
ment at Washington owing its re-
teDtioD to the power of the mil
lionaires rather than the will of
the millions.
THE ARGUMENT AGAINST CHANGE AN
ARGUMENT FOR A MONARCHY.
Point No. 3 is that the Demo
Gratis are terribly hungry for a