Year: 1876

autumn of 1878 that the most prominent of
American bankers was forced to repudiate
his obligations to an administration or the
party which raised it to power was q decla-
ration unworthy the serious consideration
Of any intelligent man who had ever given
the subject Of finance and the laws which
regulate trade more than the most super
hcisl investigation.


Those who have made themselves &C.
quainted with past reyulsions in business
and monetary relations of this snd the
different nations of the earth would, from
no other motive than that of party aggran-
dizement, attempt to hold the Republican
party responsible for our financial
reverses any more than they would
the man who discovered the con-
tinent whose bones have so long
ago crumbled into dust. The accomplish
ment of the undertaking now in the hands
of the men who comprise the Republican
party, and are attempting to perpetuate its
existence another four years, cannot result
otherwise than to inspire the whole coun-
try with unshaken confidence in the future,
feeling assured, as the possessors Of capital
and property will be, that nothing can arise
to endanger any business or enterprise In
which they may wish to embark. And the
standard of hard times, so long familiar to
us, will disappear from our view, and be
mentioned as among the events Of the
past.


But should destiny so unfortunate as
the advent of the Democratic party into
power be in store for us, an immediate sus-
pension of confidence in the vast business
interests must Inevitably follow, for
change of the whole financial system would
be expected and demanded, and while the
people would be waiting for months, and
doubtless one or two years, the men who
would have been deluded with the assur
snce that change wouli result favorably
to their condition would find far greater
difficulties to encounter than those they
experienced previous to taking new de-
parture."


The disposition already manifested by
the Democratic party since gaining tie
control in the House should be an impress
siYe admonition to the men of the North
that their policy is nothing but destruction
to the great work which was placed before
the Republican party snd by them tri-
umphantlY accomplished. They have al
ready convinced us their course could not
be onward, but backward, and the men of
the North would have an opportunity to
fold their arms and watch the undoing of
the work of the past. They may be pre-
pared for such q calamity, but if We do not
greatly err in our understanding concern
ing them, it Is more than safe to declare
they are not.


Perhaps no greater misfortune could
happen the South than the consunmation
of that they now SO much desire-the hurl-
ing from power the present controlling
party. If they should succeed, with the
assistance of their Northern friends, being
ambitious as they are for place and power,
they would be found focking to the seat of
Government on the incoming of their Pres
ident In numbers which would remind US
of the time of the advent of locusts into
Egypt For every vacancy created by the
retiring party ten Mousand vorscious and
painting applicants would appear. Far
better will it be for the South if they are
disappointed in what they now seek to &C
complish, and cease to be sgitators and dis
tuTbers of the country's peace, at the same
time doing SO much to check their growth
and future prosperity. But when they
learn of the defeat which is almost sure to
await them they VIII begin to realize the
importance Of giving their attention totheir
soil, so prolific in variety of valuable pro-
ducts, and at the expiration of four years
they and every section Of the Union will
be in far better condition than if they
had been permitted to attain political
power, which could have resulted only in
retarding for time that which is so essen
tial to the strength and development of this
modern and.successrul Republic.