The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-10-14

! the treasury, when it was more profit
able than now, bonds al low
price being then plentiful Three of these
| repositories are in the state of Maine and are
| the same repositories which this administration
found when coming into power. The first was
designated Dec. Z, 1868, and the last, by name,
the "Granite National Bank of Augusta.
inciiued to betve that if Mr.. Blaine will
! examine he will find that some of
them belong to personal and political friends of
| his, and that they were selected in the days OF
! favoritism and pet banks through his influence.
| II he needs anything more refer him TO sec
ton s. 1853 Of the United States Revised Statutes.
| further observe that Mr. Blaine in
Inmates that / should be impeacbed for having
made these deposits without the warrant of any
that | was liable to be impeached if Mr.. Blaine
was ignorant Of the laws. Had known this
would not have dared accept the'offlce.
CARLIsLE's SPEECH.
Speaker Carlisle, in his speech, said:
The Secretary Of the Treasury in the speech
10 which YOU have lust listened has made such
a clear and satisfactory statement concerning
the conduct OF your financial affairs during the
present administration. on all disputed points
at least, that there is nothing left for me 10 say
upon the subject aud shall, therefore, in my
remarks call your attention briefly to one or
two other matters, which in my opinion the
psope OF the whole country ought to take into
serious consideration in this campaign Secre-
tary Fairchild has spoken Of the intimate bust
ness relations existing between the people in
various PARIS of the country, and OF the de
pendence OF each local community
i prosperity O Of al o'p others upon bink
this is the case now to a greater extent than
ever before in our history One Of the most
beneficial results Of the last presidential election
was the establishment of harmonious relations
social. political and commercial. between the
people of the north and south. The social and
CONNER cial intercourse between the people of
these two sections has never been SO close and
intimate as 1t is now
STRENGTH OF THE UNION.
The union Of the states was never so strong
as it is to-day aud It. is strong because the
people everywhere feel that they are once more
citizens of free government government
which win treat them justly and fairly. The
north has never had so good a market in the
south for its products as ii has now, and the
south has never had the use of so much north
ern capital as il has now. 1t is not too much to
say, that if the policy which has largely con
duced to produce these beneficial results shall
e continued four years longer, it will be i'm
possible for any political party 10 secure
power by appealing to the prejudices of
one section of the country or one
race of people against another section or an
other race. | believe If there were no other
reason for the reelection of Grover Cleveland
President of the United States the fact that
his administration has inaugurated an era of
good will between the different sections aud
different races would be amply sufficient That
II is the deliberate purpose of the leaders of the
republican party to reopen the sectional and
race agitation which was allayed by the cleo
ton OF President Cleveland must be apparent
to every one who properly considers the present
situation Already bills and resolutions, which
must inevitably have this effect, have been in
PRODUCED into the republican senate, and their
passage is earnestly urged by gentlemen whose
counsels have a controlling influence with their
party.
Sectional agitation and strife necessarily
mean business depression to greater or less
extent. Since the inauguration of the demo
cratic administration the people of the country
have been at peace with each other. and the
course of business in every section has been
regular and prosperous.
INVESTMENTS IN THE SOUTH
Capital from the north has found profitable
fields for investment in the south and the earn
ings of the south have been freely expended in
the purchase Of the products of the north.
Aided by northern investment and northern ex-
perience and skill, railroads have been con
structed mines have been opened and devel-
oped, manufacturing enterprises have been set
on foot in nearly every quarter of the south,
and all these great enterprises are hourishing
under the peaceful and fraternal policy which
now prevails Can any substantial interest of
the people, either north or south. be promoted
by reversal Of this policy, and will
not the revival OF controversies at
destroy the profits OF capital invested in the
southern parts of the country. Such contro-
versy not only excites the people of one section
against the people of another. but it foments
dscord among those who live together in the
same section. It discourages capital and de
moralizes labor; il interrupts trade and
intercourse and impairs the prosper
ity of both sections. / appeal, therefore,
not to the selfish or mercenary spirit of the
business men of New York but to their reason
and their patriotism TO unite in securing to the
country a continuance of a wise and Just policy
on this subject-a policy which will cement the
union of the 0tateS, promote the prosperity of
the people. and guarantee equality of all citi-
zens under the law.
STILL PROSPEROUS.
In the further course Of his speech Mr..
Carlisle said:
We have been prosperous. too, in spite of the
fact that the administration and country have
been embarrassed by a financial system which
compelled the collection annually from the peo-
pie of about Sl00,00O, 900 more than the necessi-
ties OF the government required. This enor-
nous ami unnecessary burden upon the indus
tries of the country has not yet been
removed aud roget to say that it is not prob
able 1t will be removed at very early day
One thing is certain. the Democratic party in
congress will never agree to any measure which
proposes to prevent the accumulation Oft o
surplus In the treasury by increasing the taxes
upon the necessaries of life, and as this is one of
the prominent features of the bill now under
consideration in the Senate it is not difficult to
predict what its fate will be. When we reduce
the revenue We propose to reduce taxation also.
and we do not propose 10 remove taxes from
Injuries and leave them on clothing, building
materials medicines, tools of trade, aud other
articles absolutely necessary TO the people.