New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-09

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tve and revolutionary tendencies, be entrusted VIII"
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THE CAUSES OF PAST FINANCIAL CONvULslOEs NJ
LONGER EXIST.
The causes which heretofore I'm history prouuceu
periodic revuons and general bankruptcy in business
no longer exist The system OF slave labor existing II
half Union and the old state banks in all were 'he
chief cause Of Widespread financial ruin at regular pc
RODS. provided disturbing causes ike war lhtcI-
vcned Political economists in the habit OF reieI-
ring the crash Ia 1t IL called Of 1s27'2s ana ~
OF 1878 and 30, and of 1878 and 80 and atrlD-
utng the the expansion and contraction py ''
banks Tho crash of 1s171S and 10 Is attributed 10 inc
Warof1sI2 the crash OF 1873 (Which without seciai
legislation and an exceptional currency, w"niu h"''
occurred earlicr) to the War OF the kepeH''"
without like disturbing influence, such was
our of labor and paper that woud oil
necessity. longer shorter o. RODS bring nhahc"
distress and ruin upon the country slave labor never
was seisustaninG. and there was no possible way 10
make 1t Where a majority Of the community nh.o
no business employment and produce nothing, hut rey
the labor OF minority to support ALL II Is Only !"
question of time when financial ruin and bankruptcy
VIII fall upon such community. There never was anu
never viii lie but one result the end OF an lndlvidua
nation spending for any ength OF lne IN cA1" ~
CANT living more than the earnugs TOT that tle " ,
individual or the nation The slayelabor system had
financially double evil. The laborer, as well ms the
products of his labor, counted rs hNed capia'
Whatever increased the value Of the products OF lpCr
operated to enhance the value OF TINS capital "ulcn
operated the same business rs an iiil0n Wnat 'ct
depressed market value OF those products deprSe-
ated the capital itself by snrnklse IN Vates, inS
operation OF such system was simply ms; Aunuaiy
running IN debt, yet by the system OF circuits
IN use GomsI hn y te'us me- whole captai
Is consumed and general bankruptcy, OF course IaIs
uDon the country which il aggravated IN al cases OF
imitation, by shrinKage Of the fictitious value ms
process was aided in both ways by the old Stafe Odnk
system OF currency. Good times stimulated greater
Issues and bad times compelled contraction. And when
tine crash finally came az the paper currency was
greatly deprecated and most of II became worhless
40 that the OF prudence AMI economy lost most II
all OF his savings IA his part OF tho CONTRIBUTION
taken from thrlft ana economy ~ pay tne iosses ~
travagauce and prOdgay or OF pcrric0ur Az stem OF
labor and currency SlaNe-aD0rl IN nan tbe on,on anu
State banks In all were Tue cas eich hggraValg Ins
other. of the great BANKRUPTCIES that periodically swept
For the future il ia safe from these two fruitful
OF business failures and financial ruin Henceioth TIC
nearly IL certainly viii he win wise leglshlon anu
a settled policy OF admins ration III harmony WIN lts
labor and industrial interest for The accommodations OF
labor no longer be lost by worthless paper cur
rency 81, ,,,.tries r,osnerons having passed he
yond the disturbing influences created by war and all
the abnormal conditions OF savelabor, WITH banking
system fully established more perfect ana complete
thn any heretofore existing; with paper Circulation
everywhere uniform IN value, ana perIecuy
and well-settled policy IN legislation BY the party
in power. where is The wisdom, in business point OF
view, of launching the Goyernment out ihto the suoro
less of Democratic experiment , -,
The Democratic candidate for Vice President IL nlS
OF the country to turn out all Republican Office
petuaing the power of chronic Federal ofice-hoders
iour years longer Will not benefit the millions
Of men and women who hold no Office mat Is true
But how about the country ITSELF He seems to have
forgotten tne condition the fox the bramble. GOV
cred vita a swarm OF insects. when the owl offered
This already gorged with my blood ana II You
drive them away, another bunghr than these ever
were viii come ana deyOur me" The application Of
the fable l. obvious when Is remembered how long the
Democrats have been out OF power.
The COUNTRY SAFE UNDER REPUBLICAN RULE.
In our system Of government II is generally adj
mltted maxim that that government is best which
governs least" But within the legitimate scope OF IT'S
acton IN addition to It's ordinary and indispensable
ceisaton is the levy and collection OF internal taxes
and tariff duties the adjustment OF which can be made
70 aid ana foster industries cripple and destroy
them is control Of banking system with its paper
currency which affects the most minute business trans
action of individuals and al the commercial relations
of ira e at home and abroad il the management OF
large public debt in which - involved the honor and
good faith of The Nation well the vital interest Of
every ctzen. To which OF these political parties
would it be safest 10 eptrust these subjects
OF legislation To the party that has for twenty
years administered them and never yet betrayed
a public trust or to the party that has already. I'm
nearly every where IT has political control repu
dated wholly or In part the States Indebtedness. that
has by tia votes Congress sought To repudatc the
national iebt by pretended payments in promises and
by Unauthorized taxation that has Supported all sche es
to render the paper circulation OF the country worth
less party that bargains everywhere for political
power with The advocates OF financial doctrine that
money worth nothing makes a country rich.
In addition business interests in the administration
OF the Government the great questions which affect
directly the rights aud The liberties OF the citizen and all
the constitutional guarantees Of ca izenslp. need
NOT ask 20 what parry safest and wice entrust
tbes. vial nursf0ns For Ten me Of single outrage
perpcraicd organized wrong upon the rights and tho
liberties OF the citizen whether IN the States Terrific
res rna has been the sanction the Demo
cratic party excused or defended by s chosen leaders
and recognized organs. TIE tl0Ody catalogue OF awless
violence winch forms the blackest chapter IN American
history, beginning IN the coldbooded political murders
Of Kansas ana contnuod Nv the IN hluN hhns OF the
South. has been written ~ this generation aud for which
the Democratic partyi responsible Win the spirit of
the inceniary who hleitie temple Oh EplrsuS would
have llld In ashes tbs grandost temple OF Liberty
reared ny human hands In order to peetnate the
Institutions oI NAM IN DoHdaSt falhlk ~ the accom-
piism"nt of then designs on the bat heid, the van
pushed back through the ccmcucy OF the yiciors
70 the seals of legisatiye power wch ney ara 'he O."
cOuspratOrs hal So recently abandoned Their irst act
ma legislative control Il refusal 10 make any apr0pu
atoms ior me ARM OF the Union WIN q
threat Of Withholding all appropn"tions for
Ihe c 7 p5car notions are rcspdecd Lastly they a.
tempt 10 nulny laws on tue stgtute boob
To repeal by refusing Appropriations or money to make
tnem enecIlvr-1 mode Of rrpeahhs laws MOI provided
..r m y, new iornl refusal by HE E,w-fraker 10
appropriate Tie money necessary 10 make law on the
ity and ros,,utinaI obi siin ~ n is for Tie rr
SAM. and differs only IN thc remedy. In the OF The
private citizen the enci, the courts IN tbe ease
Of tie Iamakcrl It is IN the bqlolbox by rcpudiaiinE
at the poll. ftnicss public and the party that
sIsi ans his acts
country has been saved from great Ills TO it's bus
mess Interests and MS commercial prosperity by the We
inn ~ ible Executive legislation designed
cripple the credit aud tarnisn the honOrof the Nation
The folly vicrlncss of design OF the ID 'mOcrauc
leaders n thtr lree years az legislative power has
been ,quled only Dy tAcir manifest ncapaclty for adj
mnl,tidtiOn.
TIE GREAT QUESTION or THE TARIFF.
In eighteen hundred and siXtycight the Democratic
party III National Convention at New-York declared IN
favor of tariff for revenue upon foreign imports and
such equal taxation under the internal laws
viii afford incidental protection to domestic
lures" This same party IN nominating General Han
COCK AZ Cincinnati declared for tarh for revenue only
,udate ia his letter of acceptance give, his ylcs