The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-10-25


tional parties and policies depends
upon the vote of New York city. It is
the most cosmopolitan city in America
the broadest, the biggest and the most
powerful. 1t is made up Of men from
every State in the Union-able and ambit-
icus men who have not been satisfied with
the smaller rewards in communities with
less population. They have gone to New
York because success there, like every
thing else, is on a grand scale, and be-
cause New Workers give hospitabe vel
come to any man of brains who can do
something well and do not care whether
he was born in Plymouth Rock or at Gull
ford Court House, in France, Italy, Ger
many or Ireland 1t is the only great
American city in the North where a man
Of Southern BIRTH who is true to the polit-
zeal faith of his fathers, may hope for
prefermer4t. In the pending struggle
in the American metropolis. therefore, the
Democracy of the South hopes fer Dem
ocratic victory under the leadership of
able and VI. light Mcclellan. He is known
to North Carolina members of Congress
who say that he is a man of versatile
mpl;shments, ability, and character
The most notable speech made in the
New York city campaign was made
bV Ike
a former colleague of Mr.. Mcclellan in
| the House Of Representatives The first
portion of his address was devoted to
mastery discussion of the necessity and
wisdom of party government in State,
city and republic. Now and then, when
party becomes corrupt, independent
action becomes a duty. Independent &C
| ton is sometimes successful in tearing
down a bad government. 1t is ncapab.e
| OF rearing permanent and clean govern
nlent because it is made up of men who
gladly render allegiance to the party OF
| their faith, and return to their party
| when they have rebuked its false leaders
| who have used its name for graft OF cor
ruption. Tilden is the most notable re-
| former New York city has known in is
| history. He led the fight on the Tweed
ring Though a Democrat, Tweed had
Republican leaders in his ring sharing
| the spoil. Who ever heard of a Re
publican exposing the rascality OF a Re
publican ring? But because Democrats in
| New York drive out corrupt public Off
| Gals of their own party, is that any reason
why they should not support their own
party when it has been purified? Grout.
Fornes, Shepard, Coler, Nixon and other
| like Democrats of the metropolis will rot
stand for graft in their own party or
| in any other party. The history of more
than an hundred years shows that party
government alone survives. Therefore it
| is the duty Of every good citizen to com
pei his party to put up good men for
and honest government
After his able dissertation on party
government, Mr.. Cochran took up the
record of the present Low administra-
ton and showed four things that speak
strongly against the claims OF the Low
administration:
/. That it is the most expensive gov
eminent that New York has had. and
that it has reduced the tax bills by
seizing the moneys of the sinking fund
applica bic to the reduction of debt and
applying them TO current expenses thus
applying to the government of the CITY
the method of finance familiar in Wall
Street, and against which the conscience
OF the country is now in revolt. The
best known, the commoncst method by
which gulhble public has been induced
to buy questionable securities has beer
to declare dividend upon the stock which
was paid from the principal. Here dIvf-
dend has been declared to the tax-pay-
ers by reduction in the amount of their
bills, and much more than the amount
OF the reduction has been taken from
The fund available and properly applicable
to reduction OH the debt on their prop
erty.''
g That though Improvement is rapid
in architecture and there are more fire
proof buildings than ever, The fire insur-
ance rate in New York city has gone
| ur by leaps and bounds
3. That, though Low Is supported by
many financlers (who get franchises easy
and low tax assessment 31s per cent.
city bonds bring today 1ol and a fraction
whereas under Democratic rule in New
| York, city 21a per cent. bonds brought
| 101 and a fraction
A. That i'll the assessment of property
great falvortism has been shown the
owners of large business and banking
houses. He cited the case of dozens of
great buildings, the assessment on which
| had been reduced by the Low government
! from 10 to 25 per cent. and contrasted
| it with the assessment of scores of bui d
= VIII