The daily gazette., 1882-01-17
Republican BOurbonisln.

From the Louisville Courter-Jo ournRl.
A year age the Democratic passed q bill
to r, fuHd The national debt in per cent
bonds. This bill was vetoed by Presi.
dent Hayes under the advice OF Secre-
tary John Sherman. Now Senator JOhL
Sherman ofiers q bill to refund $500, ,0OO,-
600 in 8 per cents. All the flnauc al
changes during the past twelve months
have been of q character to lessen the
chances Of success for such q scheme.
Money Is not coming IDto the country
now As then; since then much of UuI
surplus has been invested In extensive
business enterprises, and there Is not the
same disposition to accept low rate Of
interest. A year ago the debt was bear
| ing 5 and Q per cent. interesi; now u
bears only 81 per cent. interest; so there
Is not the same excuse for disturb ng the
business OF the DAtion with refundine
| operations.
The bill of Senator Sherman makes
plain that the veto Of President Bayes
| was dictated by narrow and bigoted
partisAnship. His advisers thought II
was bad policy to accept any financial
measure from . Democrat. They were
willing to add to the burden Of taxation;
willing to impair the credit Of the coan
try, rather than accept any measure
which was originated aud carried
through as Democratic measure. Tbis
is the true spirit of BouI boniSm. If the
Democrats had acted on such principles
during the time which elapsed between
1872 ana resumption of specie payment,
1879; instead Of MAJ king the beginning
Of revival of industry, would have been
the blackest In our financial history.
The Republican party divided on al
resumption measures, and but for tht
active CO operation OF leading Democrats
the resumption Of specie payments
woald have been impossible. Had the
Republicans been controlled by the same
patriotic impulees, the success OF the
Carlisle Refunding bill would have been
demonstrated before July 1.
Another instance of the narrow and
bigoted spirit which now dictates the
policy of the Republican party Ia
seen In the treatment of the question
of polygamy. 1t has been proposed To
diSmember the Territory of Utah and
attach it to the surrounding States,
thus dividing the adherents of poly
gamy and bringing them under the
control of local governments which
would punish it as ciim0. Whether
or not this would be the best way OF
dealing with that disease does not yet
appear, but taking Governor Murray
as the exponent of Republlcanism, the
arguments advanced against il art
evidently addressed to the ignoranct
and prejudices of the people. Murray
does not aaV the nlan wOuld fail h1
does not assert that it would in any
. manner interfere with the growth OF
progress of that section of the country
he even admits thai it might result il
the extirpatIOn of polygamy, but h'
does say it is not to be considered be
cause by attaching portion of Utal
to Nevada and another portion II
Colorado both of these States, nov
Republican, might be Democratic
Murray and Sherman are alike fo
their party, right or wrong.
Ex-senator Sargent, who it is sup.
posed will soon be asked to accept
: place in the Cabinet of President Ar
3 thur, is be clder than Murray, and say
he considers polygamy religious In
stitution-whIch ID reflection o.
Sargen.'s religious ideas-and he ha
never known persecution to stamp ou
/ religion These are the statesmen G
/ the Republican party-the party G
moral ideas and immoral practices
The progressive men, the uprigh
leaders, the men with courage an
convlctiens, will not be willing to fol
h low the Republican Bourbons.