Year: 1867

to interfere between capital and labor, /
and between the laborer and his en-
ployer, and from these causes the vital
spirit of industry is paralyzed. The
great mind of Webster never produc-
ed moro important thought than his
declaration, that sit is change and APP
prehension Of change that unnerves
every working mans arm in this sec
ton of country Changes felt and
changes feared are the bane Of indus
try and enterprise"


The immediate influence Of insta-
bility and unoertaintyin in the action of
the controlling power, is to prevent
men from engaging in any new under
taking, 20 crush out their self-rcliance,
and TO cause them to become restless,
improvident and poor The nation
needs in the South an intelligent, self
reliant and industrious people, boldly
striking for their personal interests.
We can have it if we will, but when
the government forbids men to calcu-
late on the results of their enterprise,


when its action is unstable and uncer-
tain, it is utterly futile to expect them


to be possessed of the moral energies
requisite to ensure success in life. Il
is not so important what the action is,
as that il should be clearly defined
and permanent in its nature. Our


people rapidly adapt themselves to
the circumstances that tsurround them,


and when they have permanent Sc


curity against arbitrary interference


with their business pursuits, they will
adopt the means to triumph over every


obstacle. Our institutions, administer


ed as they should be, are calculated TO


foster solfrelianee, and 10 develop in


dustry and intelligence; but they must


be so administered that "change and


apprehension of change shall not for


over exist, and the minds of the mon


Of our own race shall be'possessed Of
an abiding sense ofsecurity, in person,
in estate and in property. When we


have provided these, mans own inter


est may be safely trusted to bring


forth the largest return possible for


the investment and thus TO add 10 the


wealth of the producer and the conn


try, but his oupidity alone must be


trusted f; every attempt at The regula-


tion of such subjects by law, serves


but 10 mar the work Of the individual.


His personal interests is the best lever


to use in the improvement Of the ma


terial condition of man.


In the South there's noappeal to the


personal cupidity Of the farmer or the


planter They see in every act Of
those who govern deliberate effort


to elevate the negro at their expense;


insecure iu theirproperty and dubious


of their personal safety, every incen-


tive to progress in material wealth is


taken from them. They plant and


cultivate enough TO sustain life, and


will seek no moro. Nowhere on the


elobe is there such a hsd for the pro-


duction of great quantities OF staple
commodities, calculated to increase


national wealth, as is found in the
South. and if they were totally ungov-
orned, save by the great laws of civil
lied human society, and the principles
that flow from mutual intercourse, and


the desire for gain, their productions


would double in two years and quad


ruplo in five. The debt can only be


paid out of the surplus earnings OF


the prosperous; if all are prosperous
its PAYMENTS assured and the burthon
! becoms triHing Under the present


policy, We of the North not only pay


our own share Of all public expcndi'


lures, interest and debt, but also pay


the lust share of the South, and we
begin to feel the strain upon our ro
sources. A househould of thirty mil.
lions encumbered by debt, cannot be


supported by twenty millions without
the pressure ofthe load being felt. Tho


renewal Of our own prosperity largely
depends upon the re-establishmont oI
Southern industry upon q basis Just
10 all classes, and the reopening OF
that great market for our manuiae
lures and surplus crops. Our personal
; interests and the Just demands Of oul
creditors require that every acre OF
our great farm be made TO yield 1T
largest crop, that all tho industrial


pursuits Of the people be fostered anc
encouraged, that the peaceful arts
I commerce, manufactures, agriculture
and mining, be nourished and invig


Grated; that every man in every see


ton of the Republic be relieved from
arbitrary rule and permitted to use
his uncontrolled energies, IN adding
TO his own wealth, for, In so doing, he
adds to his ability to pay taxes, ano
bis production is part Of the nation
al wealth and assists in maintaining
the government and IN paying the IN
terests on the debt.
The debt is itself national calaml
ty. "No people overcharged with I'm
, butte is fit for empire" IL opprossei
man and impedes production. itolog'
the fountains Of national prosperity
and paralyzcs the energies of the peo
, ple. How 10 get rid Of 1t at an earlN
dav, in manner consistent with ma
tional honor, is the great problem o
the hour; but in attempting to soiy'
"A we are TO remember that as person


al integrity is more valuable to mai
than personal gain, so is the pubic


faith, credit and honor more valuable
. TO the Republic than treasury hilo'
+ at their expense.
Pay it in legal tender at once J
recommended and seriously urged. j
, we are 10 pay those notes, the remed,
, is worse than the disease; five are no
TO pay them, it is repudiation.


The Republic properly governed