Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-10-11

1
VIII blow your ship oat of the water and bury the
walls oil your city in the waves of the ocean -
and put in operation BY the Republican party, OF
which they are SO fond, and whether or not 1t
ard fixed by every great fn&ncier in the world,
ana the tests supplied by every creditable writer
on mat subject outside the Republican party.
undertake 10 say it is the most defective, unjust
ana faulty one ever constructed since the scheme
| OF George Law bankrupted half the people of
France, and would long ago have destroyed the
| credit Of any government in the world but this
constantly-iacreasing sources of prosperity, our
neWly-discoTered and rapid developing elements
Oh , wealth., and the potent industry and sturdy
| growth, strength and solidity to every part OF
commercial and fnGncial-which no Storm can
shake. We have pervading every part and Iamif-
| cation of
OUR VAST GOVERNMENTAL FABRIC
elements that give yigor not easily impaired and
vitality 1mpossible to destroy. Hence it is that
with y 600 coo 600 of wealth not only withdrawn
ton, with more than 300 national banfs ieyving
annual, and even daily tribute upon so 600 coo OF
ful surgery Of resumption yet unhealed. we have
prosperity that could not reasonably have been
expected, and which could not, under similar cir
cumstanees, have been attained by any other peo-
pie ray on the public debt with the annually in
eTeashag Tsvenges Of the goyenme1t never issue
tional bank as soon il be done; let the Fed
ersI EoYern n, be our only natio1a bank, and
demption, stand sponsor and godfather for every
hereafter
sued let the secretary OF the treasury be the cashier
let our 5O.Oo0oOO OF people be stockholders. and
then we VIII have III ancial system, the benefits OF
which VIII fall alike upon every class-the rich
and the poor, upon the farmer well as the mer-
chant. upon the artisan and the tradesman well
as upon the millionaire and the monopolist- Then
we would have prosperity overlooking from its
present deep and narrow channels. and gathering in
one broad and sweeping wave that will carry COM
fort and happiness 10 every household in the land
This would not suit Vanderbilt with his $500 600,
OOO IN government bonds; 1t might not find favor
in the sight of Gould. the Napoleon of the hnan-
c1al world, with all his vast wealth of public
bend, meet with the cordial Endorsement Of all the
monopolists, bondholderS and money kings VINO
upon their energies and indEstries. But It Would
bring light and happiness to 40 coo of hon
the fields is every day building higher and making
stronger the temple IN which dwells the spirit OF
erty. They tell us that by this system of theirs
the credit Of the government was maintained dur
financial commissions which followed its close As
an evidence of how well this claim is founded, I
thus upheld fell low that in the scale recog-
nized money values it was rated at 80 275 for
that
BLACK FRIDAY
with all its disgraceful surroundings would not
have been possible under any other system. But
great credit is claimed for the accomplishment of
Resumption by the Republican party. 1t was ac-
complished to be sure, but the manner and meth
9S e by Sn
adopted TO secure any act OF legislation. This
brilliant stroke OF financial policy, while it Gu
riched few hundreds comprising the charmed
circle TO which all IFS benefits were confined,
wrecked the fortunes aud made bankrupts of more
than /, 0OO.OO of merchants, tradesmen and manu-
facturers, and brought poverty and distress to
try. And thus to hurry through proper measure
in an improper way at this fearful cost is called
wise craftsmanship. That this heroic legislative
surgery did not xii the pateI.t outright fault
OF the reckless quacks who performed the opera
md xph mn nv lprTiS-
lation, and a more angular, il-conceiyed and
wretchedly deformed monstrosity could scarcely
have been brought into existence whether designed
to secure revenue or to give protection II it had
been gigen in charge to the most loyal friends of
the rich and N oSt ingenious and malignant enc
mics of the poor they could not, believe, by
any possibility have devised system of taxation
nor so oppressive to the other as that which
we now have. Under its operations the law of
from the earliest times by every civilized nation
in the worlds abrogated reversed. for by its
from tax on articles of necessity instead of lux
ury, and is therefore paid by the poor instead of
should be equally distributed among all its sub.
jects propoltioned to their ability TO bear them
to secure the greatest good to the greatest number
are maxims of the sublimest political wisdom.
Have they been observed in arranging our system
of tariff revenue, or in its subsequent operations?
Let us see. The entire revenue derived from i'm
port duties for the fiscal ending July 81 1882
ment shouted to about 500, 600 900 on something
over 1000 dutiable articles Our schedule of tariff
articles and duties shows that of this 500 900
received from import dues more than one-hslf was
derived from commodities in constant and neces-
sary use among
THE POORER CLASSES OF THE PEOPLE,
and that less than one-ourth is desired from those
commodities which are consumed by the middle
and richer classes. The tenacity and energy
with which all tariff reformations have been
resisted by Republican Legislators though ad-
hitting their urgent necessity, shows how lit
pected in the future by Republican legislation.
But viii not pursue this subject further now,
fore / am through, for / Know / have many affec-
tionste friends in this audience and ON the plat.
VIEWS on hFe so cam 10 mes the D
ness 10 hurry to the country and tell the farmers
make haste return and scurry over the city tell
ing the merchants am free trader. What good
and now ready they always are to let everybody
know that l believe and say hundred things /
pie and mean well-this gives them congenial EN-
ployment, and, though i may be little monoton;
haTe to one nst do 70 s
much nowadays about certain other achievements
by the gentle agencies of the bayQnet ard sword |
the Sa " the ae enens
then, the creation by corrupt legislation |
Of enormous debts; which will in the end Consume
in their discharge The story of Republican rule |
in the Southern States has been too often told and
portant to repeat it. 1t has brought out the sharp
~ ht ma n, ~ q ~ many among
bers. They have not, and do not, undertake to
defend it. They have grown tired of its methods |
was presented selected new agents 10 |
propagate the doctrines of the party and to carry
out its policies and to find honest ones, as they
say, they have had to go into the Democratic ranks
always preferring for the purpose it would seem,
enlisted Malone, in Alabama Lowe in Texas
Jones, and in Mississippi they have turned over |
the leadership OF their forces TO |
NY FRIEND, GEN. CHALMERS.
None of these gentlemen have surrendered their |
Democratic convictions so far as ] have heard; |
but the stress of party necessity has compelled the
hear It aid every day that Judge eW smith iHin IS
to defeat me by, :. Democratic votes. and
paper that I am better S Republican tS Slss
he is, SO l suppose l may expect a proposition l
publican party in this district; and as co e
men don't enter into the computation when con- |
leaders are provided for in nice well paying posi-
lions, and Judge Smith has got 10 be better DEM
fRe o and old are
which Judge Smith a few days ago bestowed upon |
lac RepgbiiSesn oFga1ization Is in some respects
permitting strength end Vitality, or il would have
SeoTe could 6aye 6e sn On sh
.he Credit Mobiier. the back-salary grab, the Pa
eific Mail subsidy, the robbery of the Freedmens
ster, and the star-route populations No other
party could have survived and continued in any
was prosecuting the other in the courts of the
;oantry for 0genses equaiing In enormity the spo
whose crimes and m:sdeeds ave execrated in ali
English - history Nc wonder that there is vide
eh men as GeJTse William cu EGaof Mitchell nii
ng that revolt But holding all the
ources of political power, having at its command
trained kervices OF more than 100 900 recipients
! rharra /
vast income by annual assessments of per
Of their " it is hard to oye5thIow
ave now examined briefly and in mere outline. |
course, its boosted claims to popular favor, and
hey are ali shams and frauds Let us look at the
rounds upon which they arraign the Democratic
ct Us Compare the record Of e two an pafe a9d
ee which has conferred the greatest good upon
his country and its people. They tell US, as
JUDGE SMITH
cen wrought in the history of our government
as grown opt Of Democratic ideas and Democratic |
5fy Of its achiev IN every peribd Of our na
onal life? 1t is written in the march OF empire, |
ization and national greatness. Commencing at
he great lakes of the North and reaching to where
ut from the banks of the Mississippi TO the shores
the Pacific. By one stroke of Democratic diplo- |
ch region through which flows our great inland
"a, with all its vast and varied resources passed
ION Inc possession Of foreign power and became
part Of the great American republic A few
ears later great and aggressive nation, whose |
avy held rule on all the seas and whose stand ,
rds were planted on every shore, seized our citi-
ems insuited cur tag, and forced upon us the
lternatiye of war or national dishonor. A Demo-
ratio administration chose the former, and in the
nal de isye conflict a Democratic general. lead ,
IL gallant army of his countryinen, on the
lsins OF CnalfneTte added the brightest page to
he history of his country. prder q Democratic |
the stars and stripes were carried
ON the Rio Grande 10 Buene Vista, from Vera ;
rug to the city OF the Nohtezumas and planted |
pSn its rSmparts, and then vas borne still onward
ntil its folds were lifted oyer the calm waters of
lie Western ocean. The impress OF Democratic
leas progress and government is found on the
iphtS of every mountain and on the bosoln of |