Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-09-24
THE NEW YoRK REORGANIZATION.

THE NEW YORK DEMONSTRATION.
The grand union meeting of all the fac
tions of the New York Democracy held or
Thursday evening is one of the most hope
full signs of the times. Tammany and Ir,
wing Hall united in demonstration that has
had no parallel in the history of politics in
New York for its immensity. There were
gathered together upon the same platform
representative men of both factions, who as
one man lifted up their voices in warning
against the further maintenance in power OF
the notoriously corrupt Republican party,
and in advocacy of the principles of the
Democratic party and praise of its blame
less candidates. The speeches were all of
the same general character, and were listen
ed to with the closest attention and applaud
ed to the echo by the tens of thousands
present.
The views of Mr.. Belmont, who presided
over the Tammany Hall gathering, though
briefly stated, are entitled to more than or
binary consideration. Mr.. Belmont is the
American representative of the greatest fin
ancial house in the world-the Rothchilds-
who own more United States bonds than any
other ten firms on the globe. 1t is for the
interest of that house more than any other
in Christendom that the credit of the Uni
ted States should be maintained, that the
interest and principal of the bonds should be
paid according to contract, and that every
thing should be done to increase their value
in the monetary markets of the world. Mr..
Belmont is not at all afraid that Demo-
cratic success will impair the value of the
obligations of the government, but urges
the election of the Democratic candidates
because of the fact that they would render
values m ore stable and assure the payment
of all debts at maturity. He called atten-
ton to the fact that it was not till 1879,
when the Democrats obtained control of
both houses of Congress, that the govern
ment was able to float its four per cent. bonds
at par. He might have added that ever since
that time these bonds have commanded a
premium both in the home and foreign mar
kets, and that as the prospects of Demo
cratic victory in the Presidential election
grow brighter the premium is constantly in
creasing. But Mr.. Belmont does not claim
the entire credit of this state of things for
the Democratic party, but attributes it to the
kindness of the Almighty, who has blessed
the country with bountiful harvests.
The telegraph gives but an unsatisfactory
resume of the speech of Senator Bayard, who
was the chief orator of the occasion. 1t is
shown, however, that he effectually disposed
of the charge that the Democratic party was
pledged to pay or would under any circum-
stances agree to pay the claims of disloyal
persons for war losses. He declared, indeed,
that the great bulk of Southern claims thus
far allowed had been paid to Northern men,
who had purchased the claims from the
Southern people for mere song and then
prevailed upon the Republican Congress to
order their payment. His experiences in
South Carolina were briefly related, and he
expressed the opinion, based on personal OBJ
servation, that the relations of the races were
adjusting themselves happily for both white
and colored people, as fast as the unscrupu-
lous Republican politicians would permit of
their adjustment.
Senator Bayard paid HIS respects to Gar
field in these we'll weighed words:
He was chairman of the committee on ap-
preparations when corruption and extravsg ance
ran riot in Washington City, when Boss Shep-
herd and his crew were drawing tens of mil
lions TO lay rotten pavements in those streets
with false msasuren ents and double prices ;and
in all the carnival of roguery, from 1861 until
1875 when the Democratic majority put an
end to lobby and Congressional plumber, where
was the voice and vote of Garfield? If he
sought reform he did it so quietly as never to
be heard. | leave the reports of com nittees
controlled by men of his own party associations
to describe his personal connection with dis
creditabl, transactions, and can only say if we
accept their account of Gan field we may IA well
say, Never more be officer of mine.
A glowing tribute was paid to the charac,
ter and services of Gen. Hancock and his
associate upon the Democratic ticket, whom
he pronounced to be every way worthy of the
trust and confidence of the American
people.
Other eminent statesmen spoke at length
both at Irving and Tammany halls, and dis
| patches were read from Messrs. Tilden,
Hendricks, Hancock, Davis, Pulitzer, Hill
Plaistsd and others, who declared them
selves heartily in accord with the purposes
of the meeting. The demonstration closed
by grand union torchIight procession.
Everything showed that the Democracy OF
New York is united as one man In favor oil
the splendid Presidential ticket that has
been presented for their SURFACES, and the
meeting gave promise of the most crafty
ing fruits on election day. New York city
| can be relied upon for an old-time Demo
cratic majority on the I'd of Novem Der,
which will assure the State to Hancock and
English by majority of at least forty
| thousand.