Year: 1868

The burden of taxation has pressed 100 Sc
verely on industry OF every kind. Beside the
current expenses of Government and interest
on the public debt, the taxpayers have pad,
including unfunded debts, about S41j,OOOOOO on
account Of the principal Of tie National debt
since Aug. I, 1865. Undoubtedly, release from
this excessive burden will be demanded and
obtained for the coming year.


The various financial and industrial causes TO
which we have alluded, and the recreancy OF
the President have contributed to dampen the
ardor of the Republican party in all the elec-
tons held during the year, to turn over por-
ton of the floating vote to the Democratic
ticket. and to inspire the latter with q new
lease of that life which it was thought Its adyo-
cacy of Slavery, its hostility to the war anu
sympathy with the Rebellion, and its completely
with treason and assassination, had nearly anni-
Inflated. While tie Republican party is in full
possession of both houses of Congress ana the
Governor and Legislature Of nineteen OF the
twenty-seven States now in the UNION, ING
Democrats divide with it the power OF the
States of York, Connecticut, NeW-Jelsey'
and Ohio, and have sole control OF California
Kentucky and Maryland
The triumph of the Conservative or kcoel
party in the latter State is standing PROOF ol
the result which would have been suffered In
the entire South had the Republican party
lacked the cOurage to extend the night OF
suffrage TO the blacks. The Republicans OF
MARYLAND bad at one time the power to make
suffrage impartial, but dared not. AS lit con-
seouence and punishment they now hold not
single office in the State, and are politically as
helpless rs the class which they feared to en-
franchise. In Tennessee, on the other
hand, impartial suffrage has secured
the political control of the State
in the hands of men who were loyal during the
war. and who were in favor of equal political
and civil rights for all The same experiment
on larger scale, with the same results, was
inevitable in the ten reconstructing States
To have admitted them on the Johnson policy,
with their governments based on the white vote
only. piue-tenths OF which Is uisioyul and re-
dictionary, DISTINGUISHING the blacks, who form
nine-tenths Of the loyal people of those States,
would have been attended by the following
consequences, VIZ:


I. The reinstatement of the blacks, If not by
tbe restoration of the old slave laws, at least
by the enactment of black codes, which would
have subjected them in a mass to tho whites,
as the Jews were enslayed in mass by the
Egyptians.


Q The return of the triumphant Rebel States
TO the Union would have been practical part
norship between the Union and tho Rebellion,
retaining in each all the explosive elements
which had arrayed it in five years war against
the other, and liable at any moment to be dis
solved. or again drcnchcd in blood by new
revolution.


3. Their return would have saved the mon
strous heresy of State Sovereignty, around
which fatal error the Democratic party would
have rallied, sure as before the war of the solid
vote of the Southern States, and on which they
would have elected the President in 1868, and
majority in both houses Of Congress. The
North being practically again at the feet of the
South, there would have been, MS of old, no
security for peace save in submission to the
demands of the Southern States.


4. The return of the Democratic-Rebel party
of the North and South TO power would have
led to tho repeal of the taxes and tariffs ne
cessaiy to pay the interest on the national
debt. TO the emasculation from the Federal
Government of all its financial and political
powers, to consequent reputation and national
dlshonOr, to tho destruction OF our national
cuTencleS ana the SUBSTITUTION Oh u Olate cur
rency-in fine, to all that could again place the
heel of State Sovereignty on the neck of the
nation, and the heel OF the STAKEHOLDER on the
neck of the freedman. Under the circum-
stances, the South believing that the North
would never again incur the incalculable losses
incident to another attempt to sustain the Union
against rebellion, could probably by another
effort have destroyed the Union, and blotted
out the United States Of America from the list
Of nations. From all these impending evils the
adoption of impartial suffrage by Congress has
rescued our beloved country. BY glance at
The lists of registered voters, which include
only those who have the right to vote in spite
vr an diohancisins clauses, it will be seen
that the whites are in majority in five of the
ten Southern States. While the majority of
the whites in each Southern State were dis
loyal, and are still reactionaTy, the returns
from the elections show that the white loyal
VOTE reinforced by the colored vote, is in
majority in every Southern State. The follow
ing are the registered voters of all the States
except Arkansas, in which the whites and the
loyal party are in large majority:


Alabama............H 1850 $3.50 l4Ao


E1orida -------....... 1851 26A51