"IX IF IP ID E IMI IE3 T . HE BUB I GOTEKOR - GEN. HEXRY M. HOYT, OF LUZERNE- Lltl'ltXANT (JOVEKSUR. rtv rnAT?rrs T. STONE OF WARREN'- SUfKETAKY OF 1STEEXAL AFFAIUS, K. DUXKEL OF PHILADELPHIA. jflMlE i'K SITKESE COUET, HOX. JAMES P. STERRETT OF ALLEGHENY. Ol' It CANDIDATES. Who they are and their Public Services . Pa-t-Mcn of Brilliant Re rords and Personal Worth. .,i Hm-t. the Republican candi M'overnor. was born in Luzerne county , ... .! niPTd Wyoming Seminary 1. 1 a:,d went .rom there to Williams College, 1,0 ..n,. lusted in IpW. school iu Tonawanda. and afier . year -. ew-od Professor of Mathematics in yo- : Setciuarv. Two years !n-or be "na,7 ,... ,n ,-,,i..f JnMire George W. oodwira .', , t WiUarre. He taught school for a ' ....... I- un nclive I : in-- nr.th. but lt I lie iw . .. : ...... .1 .111tU4i-'tl ill I ATI ! hi t:;. i-rciuoui rrc-iuvui-i i - ........ ... .r-:.elire tti S!:lti', ulier ttUieu ue We" i-.'w i Wilfcrsbarre. In f e "as activ,; "' 1 ::.,. 11- Tii n.".y-ceoi.d regimem, reuiisyi"- n:.i voiiiiit' I'-iiunl Colo , and was couiuil-sioueu a i.icu .1 ov Governor Curlin. in- m ..en era N. L'lev's brigade durms me i euiuuuu cami-nufii of l:; mi eariy in uie -..i'.-r wa .-.-in with tin- rest under lieneral . vi- II Ii ivis to eo-oiK-rate with tiie naval at- t-.rt S'luiiiT. He participated, under ,;....ra! Ci'morc, in the siege op. -ration con on Morris Islanl against Fort Wagner and Fort Fumler. Iu tiie summer of I:i i.iit attack was cn.-ani7.ed by General Foster asa.nst Fort Jolmson in Charleston harbor, ,.i,n-ji utHi l.r-soner. After being COB- tiii. I .-.! Macon, Colonel Hoyt was brought back with other oili.-ers to Cliarleston jail. While .... -i,.. n-.iv from Macon to Cliarleston be ..-,p. J from the cars with four oilier Union ..rtic.-rs. After several days and m?hts ..i rn.iii.--ss rtr.ir-s lor libertv. they weic rwai.turwl by the enemy, with the aid of blond bounds, an I placed In the Cliarleston jail. Upon In-liiS eiclinni:e.J, Colonel Hoyt rejoined his r.-iiniit and remained with it until near the io.-e r.f the war. He was promoted to colonel on January:'. 1" I. and was mustered out ot the MTvio m Novenibci On Match 13.1sfij, li.. was breveted brigadier general. During the ..r is 7. i.n.h-r an appointment from the late Irov.-.-nor Geary, be disehareed the duties of Ad .i ui Law Judge of the F.leventh district. Iu !-:.- and I-7;. Colonel Hoyt was Cuaii man of the ;. t ubiiemi SUM Committee, displaying in the in -.--!nl campaigns of that year marked a'.ihtv as a politieal leader. JIo was aisooueof Hie Delegates at Large from this Stile to the i:.-i.ull:i-..u Xatiohal Convention of i-T.C at Cin- lloii. 4 iiarU- V.". Mont-. t nari-.s W. stone was born al Grolau, M;d !.- -ex eounty. Mass., ou June J:i, ls4.i- From :oe eonmiou seh-xil he went to Lawrenee Aead- my- and lrom tiiere to Williams College. Hi raii-:ab d at the latter institution in K-. Soon niu-r titiShin bis coIU-iale course, he became !-rnn-:pal of the I'iik.u Acarlemy at Waneu, and eor;t;:n:eil m chaise until appointed suier-inte:--!.-:iT o; the sehools of Warren eounty in Man-li. 1-... In s.-pIeniU-r el the same year !,- was .-!- e:.-t l'r.ncipai of the Frie Academy. I'uriii the summer of lv'- he entered the .:h oi Ju ;y Wetmore, of Warren, as a s:i: i. ;it al i:tw, and in September, lsi,T, he u a-a.iniiii-1 to practice in the several courts o, in" era:ii:y. Iu January. I-.7S, he entered :nm p:utiier-h;p with Judae li. Ilrown. Iu the nil . l be was elecled to the state Hou-e of entatives lrom the Warren and Veuaufco K-pi nt. In l-T.i be was re-elected wilhout op :;. .n. J ii 1-7.: be was el.-cted to the State ia:. lur ivro years, carrying bisdistnct by toy - in-ne liiau were cast lor President Hayes, i- a -l-ar and forcible debater. Iu the Senate Some has shown great devotion to tiie y-3-oi tii-oii l-uioc.s, and was one of the three lators who. ou the :.ili lust., appealed fiom d-ei-ionoi Lieuteuant-Goveriior Latutliat IIolix'Oll -pilK. bill COIlld be Considered. I,r- II I-- !!.- Tie- cause a was :he same --in object, purpose and ''! nt.and in suii.-tanee' ' as a Senate bill which had pieviou.-ly l.u cousiilered and defeated by The sena lc The app -al was deieatoJ by a vote o! tol-. and the oil-pipe business thus gels a !':;. In- lor this sessiunol tu Legislature. Hon. l.iiu p. SU'rrett. Hon James P. St. rrett was born in the Tus . anna alley, Jumau count-, Pennsylvania, ii :h.-7!h of November, fsj. He received his i-i. -luuiuary education al the Tuscarora Aead . mi v. and enlerwl Jellerson College lu tiie fall of !-i:, gia.iuatim: irom Uiat iusutution in lslj, ati. r winch be was connected with it for one yarns principal of the Preiratory 1 k part in. -r, I. Jlavli rr read law at Carlisle, and com- l-1"1"' his course at the University of Vireluia, was aimiiiiii to the bar of that State in l is. J -I the spring of Ism iie ian the pta.-n.-e ,t law in Pittsbure. In 14 he wan appoiiiusi on a conimissiou authorized by tfe ItisMlure to revise the revenue laws of t :si.,ii,Mionwealth. On Uiefourth of January, ' '" " "I'l'oinu-u i-resi.leut Judse of the o n i oi i umiiion l'leas of Allegheny County. and ;n the IkIJ of the same year was eleeU-d by ' I'u'.ocau party to rill the President Judge snip i.,r a term of ten j-ears. In I-7J he was asam unanimously noiiiinate.1 for this position ' ihe Kepubiicau County Couvenlion, and was i.-.-hvtcd wilhout any opinion from Ihe the son of February, istt, he Pliui.ii by Governor Hartranrt to fill -unit: of Asso, date Justice of the Supreme At the Republican state Convention i Co iasi ue was nominated by Nitl.ill tor the sc;iM.,-n, . b: : was de .... u,M ivuijira- ai.d by Judge Truukev. the ;.lle iii'ii.lale. Ju earlv lu jn,u twas aa ni l Line Whig, and he has i canie-t Il-nubiiean ever since tbeor tion ol the latter party. : mi Aaron K. Iliinkel. Aai.iu K. l-uukelwas born In Manheim town h.p. Lancastor county, May ,T. Ueat mm,ma --chools m ilanheim and a-t . -.npiieiddi-trict until tiie age of fifteen, - ;".!', 'i:',;,'rr;i "' of u,e Lncasterin. .' V "" obtaimM a situation as com- ..... . ... rwuey. At the outbreak -"lli. enls.jasarr,vaI(.,.- I In enlh I len. lament Pennsylvania Volunteers ...1 ine inr.-e montnii pa - At cam- oie expiration of hi term of ser- sU-il as a nrn private in tbp i.,a. ; ': y z'VJives d-Afri-mc, Captain C.lillK. W..r 1. as i.enemi i.a..i.D. t.. ... In, . uuy- ,K s eoniinwslanAl k . . . ant ia ( ,..,,r.av II ,,,, ,. Au.-u.t is. 2, ' 1:e,K,e,lt P- V., in ... J .j . .,e tae year, be was hew. ,. ,- . x, .'. , ' """"lond, until Marchof was tra,,, atrau 1 , Kmmand and .,,,' ' '" "'e or General M. 1 n. i. Irovost-.iiar-i,:.i . ' op.-r.iHnc a , 1 -' "erai oi the armies and reiiiami there -o iimoiiu, as aideMl..ramn nntit tseptemb.rj wben he the surgeon-. ..,,.., rgis -..sablllty. I, bti-in-s.. In th i. iiiaiu.-d U1,t, "5 he retun.ci . . onw , fnnting . ... . a"d there I 01 in. .01, ' ' -"u ue, 'ilow-cmnlor-a. ritb ch.ha,K,M , lhe , - uiai paper. bllcaiiouol UieSundi l'ii In 1S74 he.-... . " fRe- Was Iioiiilii. rut 'V bn.jor.ty of a, h. "ecled ' and again elected i. """"'"aiea in c as.,. to -7:,, ' ma-rity being ln. TTE.DOKfCR OX TILDEX. A "-ocnu-a Op.uln ol the SaU - or ears Preserved IIis Part- ' 'swa!d Ottendorfer, of tl,e Xem York :,, the Uuuiing (jerman editor la country. uc was one of the .-vU Uue ;nr ,fMr-Tiwen- Hen"' The Tribune, as well u Ui,.F.mln Pt all represented u,at we did not give tbenMonry moral expression with nreranee to the etptaer utspalrhe which nndoobtedty eompromtee sev eral 1 remcralie leaders. Vfl can aay In onr Jnntifieatloa that we have already eondemned these people, and theme revelation were not neeivary to open our eyes upon tlita subject. We saw throocn Tltdeo and his aenta before the Trtbane published the cipher dlapatcnes. The traufcacUous ta Oreaou showed Tildes waa sot the aoaa ws bad taken hlra to tie. We expressed our -views freely at the time, avad hiisrs we ava s srsatly aarnrtssd ax the new sail. is. It was natswal to tassr trass stsallar attempts wasld Bs sis lis ssihlsrtssd by tasi Tnhnse smly eoanrss on sss Iter ceasiouou. TUs last Prssldcntlat tseetloa a . . , . . an i to su ox S sssnw people; bet a is BMM .is tbrawa ssrttmr nana one party. It was assssssss cMsnss . , : ' ! HONESTY. The True Republican Policy How the Credit sndTatth of the Na tion Have Been Kept. What Republicanism Done for the Na tion-Btduced K 0M, Cut Down the Intere'. Lessened TsxatloB One-ht!f. ? : . Tha AlMf iOU of the is"' Democratic Proshlcnt mat the country bad w"W followed by the crisis of i7T, and we bad Mtly begun to recover rrom that heavy I '0- en the rnle of the Democracy was at last overthrown, and the war of the rebellion was mi "u!roy mat which thev could not control- The Itepabliean party into rower wltn i" revenues of the conn try wasted, arid the credit of the nation so poor that It was paying a ni"w rate or Interest than ever within the genera: loo, and even more than .t ,. navlm in the be'"" or the war that fol .-i We had this war foreed ripoa us when our navy was scattered to the rour qaarters of the globe, and msien.. ammunition piled np by traitorous official In tonthern forts and arsenals in rea.li ties the eon Inst which the road rulers of the south had planned long before U,e north awoke loth desperation of the men who saw slipping away rrom tbern, never to re turn, thepower thai inc. nsu new so long, we had to begin from the Beginning. There wax an armvloraiseandtoequla, a navy tobuihl and m man. with not a dollar n the Treason-. hardly a gun ln ihearwnsla, and not a ship on the sea that was worthy of the name. 8ocn was ihe condition of the country wben the peo ple at last asserted themselves, and wrested the control of its destiny from the party Uiat had been plundering it and squandering Its resources for a score of years. THF. PFMOCKATIC T.BGACY. The Kepnbllcan party can indeed oballenge the record, and stand or fall by the result. The war was fouiht and wonnot without an enormous expenditure of blood and treasure, bat stld without the raia of our industries or our creini. ine ...- i war saw toe country with us msuuraelures fully em ployed, agriculture compaialively neglected, and a debt ol s- wu.w"uuu, wuich was io- creasnl lu the following year by tho cx- p.uses ol Hie war lo J,0OU,0"O. There were State debts bcsi.lee amouuuug to .; 1.TS5. 000. Total to the credit of Democratic rule In Una rouuiry, over a million Uvea lost Bud about fj.inKi.cxm.iiuo. This was tho burden that was hud uimi the Itepiiulicaa party, and which it nas earned ever since, although it has been steadily lightened caca year. Ail through Bu chanan s aumiiiistralioii, with no extraordi nary tjpenscs, it had oeen steadily growing, out under Kcpubiicaii management u has been decreased every year-m some years by an amount greater than the largest total of the na tional debt iua:iy one year previous to 11, not excepting even the heavy obligations remaining after Ihe war of ls:i -Soma facu conccrnitiK the growth and decrease of the debt will show bow it was piled up and bow it has been re duced. On July 1, 1'I. three months after Sumter was tired upon, the debt was 9u,.1so, 573, aud it bore five and tlx per cent, interesu For temporary loans the Democratic (secretary of the Treasury had paid as high as ten aud twelve per cent, interest. From that time on the debt ptw with frightful rapidity, lor war Is expensive, and the government was such a cus tomer of the people that it took: all that they had to sell, asj yet ia all tins time no higher rate of Interest was iiiJ than 7 and 3-10ths, and at tLough there were iCO.Oun.oOO out at the close of the war, all bad been paid off three years later. Sordid the government ever fail to get tiie full value or its bonds. The Greenbackers and the Xaliocals are very fond of talkin; about the bonds that were bought at thirty-five and forty cents on the dol lar, aud there are some people who are foolish enough to believe them, let a glance at the auuual reports of the Xew York Slock Ex change saies will show them that the minimum price for which any Fulled States bond was ever sold on the Exchange was 62. which was the lowest quotation iu 101 for Ihe sixes of 1. We rep-.-at, iustiad o( the bonds being taken by the capitalists at thirty-five and forty cents, there is no case recorded on any stock xchauge of any bond of the United Stales being sold at a less price than tii in the year when these bonds were first Issued, and they sold tip to Ju l?i2 tuese bonds were still the only securities of the government that were on the list, and the minimum price was 8O4 while Hie maximum was 107 j. Never since the very first year of ihe war has there been a twelvemonth in which the bonds of the Uuited States did not touch par. This Is a record unparalleled by Uiat of any halloa iu the worlJ. In 1SC3, the dark ays of the rebellion, these bonds reached their lowest price at HI but they sold up as high as In thatyeai the first five-twenties were -suej. and they never tuld more than 000- tuarter below par until 1S63, when they once weut low ,-. Since Uiea not one of the dillerent lasses of United Slates securities has ever been sold at public sale below par. HOW U t AIIF. PAYING THE UKBT. To this high point was the credit of the gov- rumc-nt kept. As soon as the war was over, aud the enormous outlay on iu account was tepped, tLe Republican party addressed itself vigorously to the reduction of the debt Ee funding was a se judary operation, and one not to be attempted until it was shown that the government could not only carry the debt, cut begin to pay It off. The debt, less cash on hand, was at iu greatest mount August 31, its, when it reached the ast total of 2,7Jt;,f.l.371 43, entailing an an ual interest charge of s;,ar:,6fl7 S7. This was debt of !7b ;j or every man, woman and child u the country, and to pay the interest on this vast sum rc.iuireu an expenditure of for every one of the OJ.ils.utiu people in Jhe United suits. Then began the reduction of the debt by the paying off of the six per cents, and the seven-Uurlles. The total waa reduced the first year irl.ii.o.jo.rtoa, and the next year 138, ("W.OOO. This was done by insisting npon the most rigid economy aud the thorough col lection of the revenues, and by the sale of old male-rials and reducing the army and navy at once to a peace footing. Iu the next two years the cancellation was Dot so great. But in the uital was cut down a hundred millions, and in lsri and is72 almost as much more. Xow, said the Republican party in Con gress, the credit of the United States Is good enough to warrant us lu borrowing at lower rates of interest. So the ruudlne act was passed iu July, wo, ami on ihe 1st of December, 1871, a hundred millions of six oer cents, were paid 0.1 uu aisappeared from the debt statement, being replaced by the fives of 1881. On the 30th of March ju Uie year following like amount was retired. The saving in interest ou the first hundred millions has already been six and three quarter mi. lions, and on the second Instalment called lu, almost six-and-a-half more. Every year since the last of the war the six per cents, had beeu coming lu, and this operation was hastened by the operations of the funding act, so that the amount of this class of bonds redeemed amounted to .'10,000,000 in 1872 alone. These changes In the debt continued during the next three years, until the early part of 1869, when the last of the fives had been placed. Up lo that time the reduction ln the amount of six per cents outstanding had beeu at the rate of a hundred millionsa year, until from $1, 874,347,000 in lso) there were only less than a thousand millions out in 1S7& In thelall, after the abun dant crops had been harvested and tiie country had begun to feel the impetus given to trade, industry and agriculture by the Centennial Ex hibition, designed and carried through lu the face ol the most strenuous Democratic oppo sition. Secretary Suermau began measures for the further cancellation of the debt by the issue of four-aud-a-halfs, which many men of ability aud long experience had thought Im practicable. Never had a loan been placed In this coisjitry which bore so low a rate of In terest, aud it was regarded as a hazardous ex periment to try to put this out at par. The fSj0.uui,iKM uov out io plaae of as many six per cents, show what has been done by Republican management and assurances of bonestv and good 11 tu. In a little more than a year" aud a half JiG, (HO. nod of these had been Issued, and the interest account minced three millions a year. No sooner was this issue exhausted, than the Secretary besan another experiment even more hazardous ihan the first. This was the effort 10 get out a four per cent, loansnmeihtng that cannot be done by balf a dozen nations in the world. H'e said 'halfadnzen nations. " Eng land, Holland and France alone can borrow money at four per cent, interest, and yet such was the fame of the Untied (stales Uiat millions a day have been ottered to it al thai rate of in terest during the present year. This is a tri umph of which any party or administration In the world may lace ihe people, and chalienee them to tind a precedent lor It anywhere not even iu France, of which we bear so much. THE CASE Sl BMED VP. When the debt was at Its maximum. It was Bve and six per cents. Now 738.6t,- UM only bears interest at Uiat rale, and be- lore uie eu.1 ol the year that sum will be reduced to less than seven hundred mill ions. The five per enits. outstanding amount 10 s7oa,vis.6ao, sud there is 35o,nea. uuw 1 11 ioar-ituu-i-u.i nu mure limn a uunurea millions in fours. In mat time me debt has been redneed Hi wi.ass,!,. The total net debt Is now .vs.ai,aso 4S. wbleb Is redaction In Uilrteea yeara or .w;ai( or almost ixtT mil Hons a year, and conKieratl tnnra tho r e mttiton niiitAnsavfsatr. Th nnuu - - - " . no i-.w.4.w7A whiett nm Uiavo it S41 67 Tne interest ensww- rmtn S4 nas isiiaM . ' ' capita to SI 7, wtnesi . .n.rulil v mnn I llUM hall wpm rwi.. . . . r- w ,.wl not omler'sW to Am slon from this statement It tl ,1L eoncln- Debt is a bard sssvater. 7- " " DIM oen oos I .rTV - l,ie iTJ upper band rtei r.m rsSreete.se.. TM. h-Vc.r- rnVMessTVoss. and it k. oS- y saiuetirus tbe uaru 01 Uu. i.n. , T u steadily redued. thi" &g& .Z Minrs foe sirrewhM,, 2L2? wMirf bsM bees 1 depart- 1 Republican manswMUt tt tbis (lorioas result, wi "fmplisu rsduos lL.Msos.il that esiij"" "" .1 rit.UTfl. I 1 . Mliniu, fc . u. 1 1 sas Msseinn sswty u. .rMMn, Is 1 will IP s4l lbs issil Sfsyssiiatll'i"' UC7 Mtdoatof 1 - ...-ii-.,..;?ss 3 -i. P ASICS. TH23B BISTORT AND TBEtB CARES. Some of the Evfl Effect at Pemocra tie Par. - tisanshlp as Exesnplifisd la the Fas Shall It as) Rssisated? The Pittsburg Telegraph publishes a review oj the various financial panic which have oc curred ln our history, and after reciting briefly the history of the United States Bank np to the year 1819, thus tells the story of the disaster that betel oar trade in that year: Fortune were wiped oat ln a day, specula Uve companies, that stood everywhere thick a shock in a wheat field, vanished magically, and shareholder were aghast; suburban land and city lots that were to return a hundredfold dropped to almost worth less neas. A aa ex ample of the effect of the panic on real estate here, an old ciUsen says Uiat land on Boyd Hill held at f'JOUO an acre dropped to IU0; loU on Fourth avenue held at 2000 fell to 100 properly ln Uie reglou of Market street, 00 which were good brick bouses, only pailly paid for, were wholly abandoned, a property quite as good could be bought for less than the thmi due on Uiese. But the United States Bank, with Its capital ol tJS, 000, 000, weathered the storm, and by furnishing the country again with. stablecurreney of uniform value, won back pub lic confidence, and again compelled the State bank to go Into liquidation, or to raise the value of the notes to the standard of Ihe na tional bank note. This, together with the temporary settlement of the slavery agitation by the compromise of 1830, and especially with Uie Impetus given to home manufacturers by the tariff of lt4, and the work of Internal im provements, set Uie country upon Its feet once more. CXPaEAU.EI.ID fob vikdictiteness. 'It is wit ln man, however, to let well enough alone, above all when It stands ln Uie way of his political theory. The second charter of Uie bank was to expire In 1836. When Uie Thirty third Congress assembled on the 2d of December In Uiat year. President Jackson said ln bis mes sage that ln Uie Interim hi Secretary of Ihe Treasury had ordered the removal of the gov ernment deposits from Uie United Statu to the State banks, and be gave a his principal rea son for this that the bank had used Uiese de posit for partisan purposes. The parliamen tary warfare that followed this action was un paralleled for vlndicliveuess, and 1 too long to be narrated here.evea If germane to the sub ject. The constitutional point luvolved was the old one Uiat Jefferson had contended for. viz., the power to charter banks was a right reserved to Uie States; they alone could sup ply a constitutional paper currency. The State rights question had come bounding to Uie surface again. This auUioritatlve recognition of Uie value and usefulness of the State banks, and Uie Importance attached to them as government depositories, stimulated Uieir organization to an extraordinary degree. Many were chartered to take Ihe place ol the United Stales Bank, Uie closing of which was expected. The State bauks Increased from 282 ln 18.J0 to 632 in 137. During Uie same period their capital rose from sit.'., 000, 000 to s290.ooo,oon; Uielr circulation from :i.000,0o0 totl49.ono.000; Uieir loans and discounts from 20o,000,ono to )Nl,Oort,ooo; their deposit from s.15, 000,000 to 127,000,000. Thus during these seven years the banking facilities of Uie country had been con siderably moreUian doubled, while the increase the capital of Uie country was small, and Uiere was no manifest need of the addition of a dollar lo Uie currency. The result or the in. crease or the currency was an unexampled delirium of extravagance and speculation. ln Uie midst of which came the destruc tive collapse of 1837. Ruin reigned 00 every band; almost every business man and business house in the laud was Involved In the common wreck. Collections were next to im possible, and ln some Stales, as notably Missis sippi, wholly so. Credit everywhere was de stroyed. There was a general suspension of tiie banks at Uie first blast of Uie storm in 1837. In 188 they made a heroic endeavor, and resumed payment, but Uie year followiug those of Phil adelphia and the regions of the south and west again bent before the storm. The distress waa pitiful, and during Uie first two years of the panic It was necessary to import large quanU ties of food from Europe. The country that a short time before abounded in what 11 called wealth, and boasted loudly of its many re sources, could not furuish bread to Uie hungry. The failure of the banks holding Uie deposits of the government left it wiUiont a penny. Con gress was hastily summoned, and Treasury notes were issued to keep Uie department going until the Sheriff could sell ont Uie share-hold. era of the defunct banks and recover the de posits. Finally the government divorced It monetary affairs from those of trade and com merce, and established the Independent Treas ury. Tbe disaster was so complete that one cannot point to any exact date wben Uie hard times ceased. The recovery was In fact in Uie gradual re-creation of the ruined industries. THE ACTCAL RANK CIRCULATION. Until 1833 the volume of paper money ln. creased slowly, and only according to tbe actual wants of expanding trade; but at that period pecie began to gain largely on Uie volume of paper, and the people, learning nothing lrom tbe painful lessons or the past, enlarged Uie volume of paper in proportion to the Influx of gold from California, until, ln 1857, Uie circula tion reached til 4,000,000, which was far beyond legitimate need, and then came Uie third great commercial crisis of our history Uie panic of 1857. According to Treasury statistics, Uie actual bank circulation of that year was S214, 778,822, and Inside of a twelvemonth It shrank to 8133.208,344, a contraction of nearly Sbo.fOO,- 000. And during tbe same period the total bank loans shrank from 684,45e,000 to t-533, 165,000, a contraction or more than I. VI, 000, 000, which of itself reveal the suffering of business Uien. The crisis was quick and sharp and bitterly felt; but our rl cb soil, a fine foreign market for our crude productions, and Uie rapid develop ment of industry under mild taxation, restored proerty, and by ISuO Uie paper circulation had risen to J)7, 000,0110, almost as great as before Uie panic Another panic was imminent Uien, and was only averted by Uie outbreak of Uie war aud Uie suspension of specie payment by Uie banks, December 30, 18Cl,wben Tiie government loans, first of 50, 000, 000 and Uien of 150,000,- 000, bad been drawn by Secretary Chase. Several prominent facts are observed as one glances over our commercial history. The first of these la Its popular passion for paper money. No disaster has been severe enough to leach its people Uie dangers or speculative wealth. The second is the fact that Uie longest and crnellst period of suffering Uiat this country ever en dured, previous to the civil war, was brought on by political tampering with Uie currency. The financial quesUon was a leading Issue ln Uie re-election of President Jackson, and he bad hardly stepped from his high office when Uie panic of 1837 spread dismay in every house hold. The third fact is Uie marvellous recupe rative powers of Uie country, as exhibited ln the signal Instance to take only one, of Uie aggregate wealth of Uie country, ln spite or Uie desolating panic or 1837, increasing twice as much during Uie ten years from 1840 to 1850 as it did during Uie ten years from 1810 to 1800. " REPl BLIt'AMSn. An Unfinished Mission While the Present Condition of A flairs Exists. The assertion Uiat Uie Republican party ha fulfilled it mission presuppose that It was limited to destroying slavery and maintaining Uie Union. These were merely the obstacle it had to encounter and Uie duties It was called to discharge, in order to enable Uie Union to live and grow and exiiand according to its vast ca pacities. Its real work began where this intro ductory effort terminated. The south ha still to be restrained irom interfering with the freed people. The power which brought peace out of war and freedom rrom slavery must now de- lend both, peace and freedom until they are finally established. Tbe Industries of Uie coun try must be maintained at such a pitch and so forwarded Uiat they can bear tbe remaining burden of debt and grow ln variety and vol. ume. This was the material purpose of U10 war and of all later effort. A beginning ha been made under nnpropiUou condition. The be ginning would quickly wilt if consigned to Uie rrosts of tree trade, Uie terror or unlimited paper money Issues, Uie want of manufactur ing aud commercial energy, and a harmonious development of resources. In order. Uien, lo achieve what was Uie ultimate object of Republican labor, Uie party must be al lowed to reduce Uie debt aud It Interest, so that they will not oppress Industry; to man age Uie finance according to financial laws. and perform such other service ln Ibia direcUon a ia appropriate. Tbe resloraUon and enlarge ment of our commerce 1 another uniuinueu service. It is true Uiat Republican action na placed a steamship line on ths Pacific and brought Asia direct to n; that It has accom plished Uie same service with Europe and South America on the Atlantic. Hut as many keels the war destroyed are to be restored, and our Infinite products, welcomed wherever tuey appear, must be scattered everywhere by a marl lime revival in oenair of domestic industry as well a of capital. The mana raotare of the country must be raised rrom Uieir stagnation. Population mast be lured front Europe to extend western raUways, and reclaim wild prairies, and open new mines, and graze new fields. And the character of tbe rising generation mnst be moulded to bear so rest a mtPT well, iwmoeracy eeews omm. it considers none of tnese uiiogs in uie npii way to uie best result. It is a foe where it should bs a friend. Therefore qoltn aa modi r.r wi.st remains to be done as for wbat nas been done the country should retain tbe Repub lican party tn power, it is ine amy sua privi lege of everv mas. to nets, this oonsummaUon. and be Is. loot or a .nave wbonegiests because Uie mission 01 me ttepuoncn party is ended. The -voters or Pennsylvania are not tools; neither are tney dishonest. Tney eaa see wbat baa been done, and what the result Is. Wl do not think that they want to relet se alt this; to stop the reduction or the debt; Increase sxpeuses again, and rash Into another era of extra va- gane. and mlsraw,only to pile np a bardea that onr children wlU feel for year afterwards. If mey want to undo alt that has been dona, to turn tack the band and block the wheels of piociess. there 1 a very easy way to do Ir. Vote the Democratic ticket. Tbs way ta easy and Um result ssrisun. . ; - Vs. . i , .-.--.. r. I ; ' wt t:il .S j NATIONALISM. Its Sigmficance in Politics. Something of What We May Expect Should It Succeed to Power. Party that Counsel Ha Membara Make Themselves Proflolent In the Use of Firaarma-WIII You Aid It? to As the National-Greenback and Democratic parties are running lashed to all Intent and purposes. Uie subjoined extract from docu ments circulated ln Uie west by Uie first-named party must have a very lmportaat significance to Uie friends or la w and order. From the tract entitled "Meat for Men, Issued by Pomeroy, Chairman of tba KaUonal Committee for organizing Greenback dobs, page 9: 'Let Congre, so soon as we, the people, can be heard ln that heretofore Infamously corrapt body of plunderers, declare Uiat In order to uve the American Reoublic the bond must be burned, and destroyed even a slavery was destroyed. That It must be called In and retired tn ashes, even a Uie greenback money na been taken tn. That Uie bondholder shall have greenback, legal-tender, lawful money or Uie Culled State for every claim he holds against Uie United Stale. If be refuses tliU, then let bim bowl tr be wishes to. Let him rave, nnd bis financial damnation rest on his own dis honest bead. We will have, no bond or any kind issned by the government. I f this government of onr will not protect os, the tax-paying people, then we owe It no allegiance. If It will not do Ibis. It Is a bad. an Infamous government, after all the people have done for It, aud we had belter unite the west and Uie south, secede from a Union that bene fits only eastern bondholders, and let Uieir dupes in northeastern States go into slavery to Uie illegitimate brat of Republican bornlug and Democratic adoption. So 11 is, eastern mastors aud money-hoarders, Uiat we sight Uie gun directly at your black heart. Too long have your political tricksters In both paities held tbe hot iron of bankruptcy lo our backs. Too long have you, by aid or knaves aud hirelings, bold as in Uie morass of poverty aud the slough of despond. You can give us back Ihe full sller dollar Uie greenback dollar as a mnniUon of peace and a part of the government, or In 1X80 never rise a sun on the Republic a It now stand. You have lied to the people. You, August Belmont, Jay Cooke, John Sherman, Samuel J. Tllden, and all of the plundering bullion-baggers. You have torn down the Constitution till It hang only by one natL Yon have Ignore. I Uie rights of the people. Yon have turned Uie misfortune of a war yon pro longed to your great advantage and the people's disaster, and yon deserve to have your bauks broken open, yonr houses plundered, your spoons and fnrnltnre stolen, yonr Ill-got len gains wrested from you, your possessions con fiscated, and your northeastern Stales held as appendages to a uniud west and south, baivl-In-band co-operating as the New America. Give ns back the money of our fathers. Give as back Uie greenback money you have stolen and burned. Give ns, Uie people, the property Uiat belong to ns wbo live by labor, or yon shall be shorn of your power, despoiled of your possessions, and left ln the desolation you plan for those yon have so long planned to hold as slaves. CI.EANISO THEX OUT OF HOMES. "Young men of Uie west and south, we can clean all of those enstrrn plrab ont or homes and Uie property they have stolen. We enn unite and whip litem to reason and to a compre hension of the right. We can leave the coun try northeast of Uie Allegheny mountains to pay tbe nation I debt. Wecan nnlte and make Uie southwest the garden of Ihe world. We chn open Uie Mississippi river and float onr billions or produce down Its waters to market. W'eer.n sen! our surplus products to foreign countries by way of southern clu.-s. With the proceed weean line the west and south with new rail roads, open new mines, and make Uie east a bowling wilderness, In which will roam Uie ghosts of the witch-burners and of those l'uii tans who made fortunes ln supplying the sou h with slave stolen from the coast of Afrlet. We can do all this, and you will take this fir your repast In the near future If yon do n it burn your Ill-gotten bonds and let the people live. Organize Greenback Clubs -with bayo nets in reserve. " From page 11, same tract: Citizens have been robbed or their equality. Land has been robbed of Its value. I-tlnr hits been robbed or Its life. Life has been robbed of its reward. Every bondholder I a robber whose knife is an Infamous law that was made to en rich a few at Ihe expense of Ihe many. Every national banker is a robber of the people ln his monopoly to take from them double interest on the bills he puts oot, not one of which are re deemable In gold or silver. Silver has been robbed ol its power to pay debts, and as a result or your long-continued robberies you have had Just one little sip of Uie hell-broth yon have been brewing this sixteen years for yonr dishon est selves. " From "Hot Drops," Na ?, page 3: "Now we warn you, you cowardly, sneak ing, dishonest, treacherous, false-he r(ed, avari cious, mercenary hirelings of an eastern money power, that we, the people of the western and southern States, Including Pennsylvania and all of New York west from Uie mouth of U e Hudson river, do Intend to take possession of Uie government of the United States, hnrl yon and yonr hondhdYJIng element from power, and create for you enougu legal-tender greenback money to relieve the general government from It embarrassments. Rr.rrriiATio of evfrt noun. "We mean that the debt of the United Stato shall be paid in greenbacks; and right here we n form you from tbe western prairies, that, so sure as God lives. If this qnestlon Is not settled by 180; If Uie law then does nol declare that the bonds shall be paid In greenback exactly as Uie soldiers of Uie United Suites were paid In green back money, we sball never again ask for sneh an Issue of money, bat will, from that bonr. strike for the repudiation of every bonded obli gation of the government, and thus wipe out from existence every United Stales bond, aid Uieir holders snail have nothing. Put this In yonr pipe and make Uie most or It! nilsn absolute government It I a government or Uie people, and by tbe eternal It shall be a gov ernment tor the people, or it shall be smashed Into so many fragments Uiat each separate Stale will, ln comparison, be a complete world. From "Hot Drops, " No. 4, pageT: "If Uie government will not do this thing. Uien we, Uie people, in defence ol our lives, our liberties, onr homes, our families, and all that the future holds out to us a a promise through the work of the founders of the Republic, must overthrow this government, repudiate all Its unconstitutional contract, wipe out the In debtedness of tbe United Slates, and commence anew. Therefore we say to those who adminis ter the laws pay uie the bondholder to U.e uttermost farthing ; In greenbacks, full legal tender money, and ever after hold It at pt.r with gold, or any other material of which money Is made. Do (.this, or we, the people, will be compelled, in self-defence, to repudiate yon who are ln Congress and tbe Presidential chair only as our servants to repudiate yon and your unconstitutional promise to teach yon wbo are our servants, ami you who are our plunderers, a lesson that will last every one or you for all time to come. " From "Hot Drop" No. 8, page 1.1: "Now, the government has Uie absolute power to create money of metal or paper and to declare It lawfnl money, aa It did create and did declare the greenback paper money to be. Therefore the government baa no need to hire or boirow even one dollar; therefore it ha no need to pay Interest for Uie use or Uiat lawrul money It ha the absolute right to create. This I Uie great principle we contend for, Uiat our may be a perfect government. " From "Hot Drops" No. 6. 'But out of this National-Greenback party will come a Congress, so to speak, or patriotic men, and Uiese men will declare a platform and prin ciple Uiat shall have no uncertain sound, but point dixecUy to Uie front, to tbe snaking of laws for the creation or an absolute greenback money that shall be perpetual money or the United Slates and always a full legal tender for Uie payment of debts, one dollar or money al ways to pay one dollar of debt. Then Uie de mand will be the payment of every United Butte bond and claim against the general gov ernment in UU absolute money, thus forever wiping out the national debt. no more borrow 10. "Next In order will be Uie declaration Uiat Uie United State government, having the power to create money, a It is needed to develop Uie In dustries or Uie United States, shall never more borrow a dollar, more or less, or any person, and that It shall never more Issue United Slate bond of any kind or class, Into which money can be converted to draw Interest ln Idleness, and ail this interest al the expense of labor, In dustry, morality and correct financial Integ rity. Then It Is Uiat this assembling of wise and patrioUe men, who are intelligent enough lo be independent, wUI dwelara a Committee of Safety, whose business it will ne to waien ine work of legislators and otbers, and whenever a President, a Cabinet oflteer,. Jnd(s . Senator, a Congressman, a member of the Iglslatnre, a Governor. or any servant of toe peopie,snau os tray lb Interests of taosstwha e lee led hint, 10 kill bins 00 the spot. " In uie Mao or Potneroy'a IMmoera of Jane 1st, we bsve the following advice given 10 um Grerobae Clubs: t "In the organizstton of Greenback Clnbe, we counsel every able-bodied member ot mee srasnlsattona to noooese" " to ine muui o. nu.,. . . . well to prepare for war. In every Greenback ruBbsheee sMnld Ms avrH l-nusier that la. la every club whose members sre brave enouga to stand at all times, hduct ci.r.iiii,u.nprw, 10 defend their rights as citizens. . . . We. the people, are In rebellion sratnst the untaxed nobtttcy or tbis country. We, the people, pro pose to bave our rights, peaceably, and by means of the ballot, U possible,-by the bayo- frm Minsk." ' ' It t weal ta iwneiuber that The Democratic ssertv never tells to surrender lo Ihe mnn whn. r It n amiss local or national control. Toe fcrtsjolng extract will disclose some of tbe dancer of Democratic rule to Uie minds of re- I a 1 "ii w .- r "ws vouuj wan, . ,-t l.l .- ..' Hll. ... . , .. STRAY SHOT. THB rHORMIHRERS OT ABGCXEXT. Great Facta la Little Space -No Grain of Alio anew for Thss Wha Wenld Destroy tba Country. Was It tbe Ohio idea, after all? It seem not. The Ohio "Idee" ia now 6,000 RepublicM majority. - - - There seems to be a panic among tbe Dem ocratic Fregidenwroaker. The Graphic expresses the opinion that Sara Tllden will become a nnn. None Uke him now. Marble suggest tombstones. Perhaps lie will get a place at Uie head of Democracy, after alL The silent agony of the Democratic editor Is Uie most moving spectacle of tills stormy epoch. A party must have convictions to win confi dence. The man who has no poltUcal faith is a thing of pnlty. It was a favorite remark of the late Samuel J. Tllden, reformer, wbo died of too much cipher, to say "I'll see yon later. " It would add fresh laurels to his brow if Edison would Invent a Democratic platform upon which Uiat whole party could aland. Democrats are consoling tiie tJreenbaokers with the Idea that Uiough they may not carry Pennsylvania this year, they will do so In 1880. There is at least ono crumb of comfort for Senator Tburman, now thai be 1 laid away In hi little bed. Ue made It sua and be will He easy. The ouly fixed principle the Democratic parly has is It unwavering advocacy of foxeigu pauper labor against American industry aud enterprise. The Tribune says tho cipher dispatches which have been published compared with those thai are lo come are a a penny-whistle to a fog-horn. Fernando Wood is iiuaucially embarrassed; he 1 bad on politically, too, aud 1 truly In onodilloa to sympathize with the great Demo cratic parly. Tbe music of Uie Greenback song appears in Uie Graphic. Every note 1 marked on Uie back, "This Is a million dollars." but the song doesn't seem to sing well for all Uiat. The fiat men in Ohio lost a grand oppor tunity to put their principles In practice. They should bave got together a few roles early, aud declared "this i a majority. " An excliangn says tbe crop of bay and oats Is so large lu Maine that li ia cheaper to be a Jackass than a man. Thegreeubackcrazedowo Uiere was Uien really a queslion of cheapness. Thurtiian is satisfied Uiat he was clieated when he traded with Pendleton a seat ln Uie Senate for Presidential chances. He would like to have "(jeulleman George" take Uie rag baby back, at all events. A Cincinnati paper says you can't make a diphtheria patient drunk. It ia evident that Democratic politicians don't have the dtph- Uieria, and It Is gratifying to know Uiere Is oi.e disease they haven't got. Tiie Greenbackprs have proved themselves better talkers than Uiey are voters, as shown by Uie result of Ihe elections In the west; but they are altogether too strong to be made light or by Uie friends of honest money. Candidate Dimmick, of tiie Fifteenth Con gressional district, mnst feel lonesome. Nearly all the Democratic papers refuse to support him. He Is realizing bow much easier It Is lo bumhng a convention than Uie public. The Democratic papers have forgotten all about Uie act that there was an election in Maine. That Greenback party Uiat fought to bravely In September forgot the better part of valor, and did not live to fight another .lay. The mortality among Democratic slates- men this year Is positively frightful. Mr. Tll den dies of too much cipher, Mr. Thnrman of loo much "Ohio Idea." Mr. Hendricks of too much Communism, and all Ihe Massachusetts Democrats of too much Puller. Senator Wallace began a speech the other day in this way: "There Is something the mat ter. What is It'.'" In Ohio It seems to he a great slaughter ot windmills; In Pennsylvania it seems tn be that the iwple begin to wake up and realize Uie danger that threatens. The Rmoklyn Ea:;le cannot discover why John Kelly should hale Mr. Tllden, whose only crime consists in bis having been elected Presi dent or the United Slates. We rejoice al the remark. It shows that Mr. Tllden Is charged with one crime of which he really Isn't guilty. The llepubhcan parly believes in the en- forcement of law and the punishment or crime that what a man honestly earns or tieenme ossessed of be shall he protected In enjoying. Democracy la Uie party of lawlessness, riotous demonstrations, repudiation; Greenbarkism Is ta side show of financial Jugglery. Senator Hendricks has done well, but he Is wishing Just now that he bad drawn it a trifle stlffer on Uie currency question. Mr. Hendricks can read Uie mystic wilting on Uie wall Just as well as any man In politics, and It says that in lssQonenrtbeslgnsont before both ramps will lie, "No Greenbackers or Inflationist neod ap ply." A desperate effort is making by the Demo cratic Journal of the oil region to get some credit out of the passage of the Pipe-line bill. The record of tbe Senate shows that ten Repub licans and an eqnal number of Democrat voled for the bill, but the record Is by no means a favorite source of authority lor Democratic editor. They prefer to draw on Uielr imagi nation for facta. The Ileptiblican party proposes that tiie dollar for which Ihe mechanic and laboring man works shall be the best dollar In the world. Democracy and Greenback Istn declare that it shall be a piece of paper the value of which shall change a often as the moon does. If not as often as ihe tide of the ocean rise and fll, subject to tbe caprice of gambler and specula tors. Secretary Schnrz states, and states cor rectly, that one-fourth of the national debt ha been liquidated ln thirteen years, or since the summer or IMS. At the same rate of payment. theentlredebt wonld be paid In 1I7; but as the resources of Uie eonntry are sure to In crease, we have no doubt or the debt being ex tinguished about the year 1907, when Ihe thirty year' four-per-ceuts. will fall due. Colonel Victor E. Ilollett, Stat Master of Uie Pennsylvania Grangers, ran take his place by the side or Rtse-np William Allen, of Ohio. The latter declared Uiat resumption of specie payments was m barren Ideality. " Mr. Plollett goes him one better, and lay that the assertion that paper bas no Intrinsic value 1 the fallacy of Uie age." He regards It more valuable than silver or gold, because pails and car-wheels are made or It, and bouse built of It. Whatever progress in industrial strength tbe Republic has made in the last seventeen year I attributable largely to tbe influence ol a firm adherence to Uie protective tariff policy. Dur ing the moat or the time, the Democratic party tuts repeatedly attasapted to radoee .11 tbe pro tective amies, and ns assailed all the Is Lee- men advocating those duties ss corrupt. Incom petent, stupid and ignorant. In Uiat period we have had but two Democratic Congresses, and both of them have made desperate attempts to abolish protection and adjust Uie whole scale of dalles so ss to give encouragement and prefer ence to foreign goods over domestic. That party Is now preparing for a renewed atrnggleat tbe ensnlng session of Congress on Ihe same subject. The Democratic stump orators tell you that tbe Republican party Is responsible for the fall In coal, for the low price of Iron, and the small demand for both. The Republican might as well claim the credit for the most abundant har vest Uiat Uie world ever knew, which bave re duced Uie coat of a loaf or bread far below what any person ever dreamed of ten years ago. The finest wheat I now selling at price a third less man what It would bave cost to grow It five years ago, and corn is only thirty-roar cents a onsnet mis is not the result of Republican ism, and yet these prices have been mH. ..- bl. b, the Republican theory of bnllding npThe west. Inviting aimu ..... I.. -d. over me pralrt... ,' "I .f 'I of the northwest are the wonde, of IWorld. The mechanic or laborintr man w, u. -votes ths Democratic ticket. .. ,1 hi. own mind whether It Is beYterWlcy to sh ' "f" " E"d and baveitraWelnto "V b0m" n-Ptlon? or let the needy and hungry operative, of onr w uuirysnanniacinr. It Into good. The miners of Pennsylvania should consider whether It 1. better policy to dig from the earth onrnoat and iron and manufacture it Into Implements, and pat It lo lis vnrtoa nses. o, k-. sumption and foreign markets, or to bring from Europe wbat raw material we use, or wbat manaraetared ware w need. Tbe Democratic party has been and Is suu tn pen latent mend of pauper labor and speculators ln Europe. wn.ra nepuvuosa party na persistently labored to protect and bulat up American en terprise ana Z THE: TARIFF. Its Value to Peiiiisylyania. How the Democrata Have Aaaalled It at Every Opportunity. What the Republican Party Haa Done for Protection In the Interest of the Country and Ka Citizen. In the early stage of the Republic all classes, all section, and all parties were earnestly for aprotectlve tariff ou foreign imports, for Uie pur pose of encouraging and fostering the establish ment and permanent maintenance of domestic production. This was inherent In the iplrll of the revolution, which waa aa much incited by the despotic repression of Ihe colonial Indus tries, In order lo give Uie permanent control of Uie American markets to British manufacture. a by any other cause. A mong the first fruits of Uie protective policy was Uie American cot ton crop, which was fairly protected Into ex- Istence. But as In Uie lapse of time Uie Repub lic became populous and flourishing, aud the amazing spread of cotton culture made it the basis of the formidable political power which subseqnenUy assumed Uie name of Uie Demo cratic party, a combination of the strong for eign commercial element at New York with ths southern agricultural force waa formed, the In terest of which lay In opposing Uie protection or domestic manufactures and favoring a low tariff on foreign goods, on the ground of fur nishing the farmers and planters with cheap merchandise for consumption. This southern school of politic waa founded by John C. Calhoun, of South Carolina, and although It was courageously opposed by Presi dent Jackson, yet under the ansplce of Prest dent Van Rnren the whole Democratic parly gradually fell into the arrangement, Tbe rea son of this was that In New York, which was Uie northern centre of Ihe Democratic party. the predominant Influence was the foreign Im port trade. When thi became fairly established and recognized, foreign capital and eonr merce centralized almost Irresistibly in Ne'f York city, and armed with ample money supplies for political work from those sources, Uie Demo cratic leaders or New York and Uie south long managed the whole national policy to suit Uie views of Ihe agricultural Interests of Uie south on the one band and of foreign commerce on the other. To counteract this combination, Uie friends of protection sought to build np manu factures tn such parts of the south a were not adapted to the planting Interests, and those movements were represented by Whig slates men of the sooth, like Clay, Clayton, Bell, Mangara, Crittenden, etc., while In tbe New England and Middle States manufacture grew and strengthened In consequence of the enor mous Influx of foreign labor. THE TARIFF A WATlnXAr. QTESTIOW. It was nol unlit the great Presidential cam paign of 1840 that the tariff was fairly made a national test question. The defeat of Van Buren led to the passage of tbe Protective Tariff of 142, under which all branches of productive Industry hnk an immense start, and made inch progress that the plantation oligarchy of Uie south saw the dawn of their policy and power unless a reaction could be effected. Upon Uie plain and open Issue of Free Trade this eonld not be done, and therefore It was not attempted. Bnt by the shrewd devise of the annexation of Texas a popular cry was raised on which the Democrats again obtained the control of Uie Administration and Congress. Tbe Immediate result was the passage of Uie low tariff of 1IC, and Uie war with Mexico. Under this ruinous tariff the progress made under Uie Protective Tariff was mostly lost. When, during Jackson's administration. South Carolina undertook to nullify Uie pro tective duties, a Compromise Tariff waa en acted. But when Uie tariff of 1S42 was passed, strongly protective as it was, no resistance was offered or threatened. Public sentiment had advanced. Statesmanship resorted to strategy Instead or menace. Extending the area of Uie Republic was bnt a device to euahle Uie cotton power to recover centrol and enact a low tariff. Accordingly the Tariff of lst6 waa passed by Uie casting vote of Vice President Dallas and signed by President Polk, both or whom, while candidates for those offices, were heralded as friends of tbe existing Tariff of 1812. So trans parent was this trick that even the war fever did not prevent the decisive defeat of the Demo cratic ticket at the Presidential election of 11. During the subsequent Democratic nomina tions of President Pierce and Buchanan free trade had fultswlng because Uiere was no politi cal element strong enough to make headway against the Democratic party. This was caused by the fact that the concentration of foreign capital and commerce at New York bad become enormous, and was wholly on Uie Iiemocraile side, whileat the south the plantation oligarchy bad completely crushed the Whig element and made tbe sontb a Democratic unit. Slavery at the south and lorelgn capital at New York were Ihe bases upon which the formidable strength of the Democratic party was built up. In the na ture of things such a party con Id nol be expected lo favor tbe growth of domestic Industry, and It never did. From catering to an agricultural population at Ihe south, it passed naturally to efforts to make the farmers of the north and est believe Ihelr Interests hostile to protection. Rut no sooner did the Republican party obtain the power to enact a protective tariff than it did so, and has firmly maintained thai policy ever since. No sootier, however, had tbe war ended, and with It the vast demand for money, than Uie Iiemocratic ltadera renewed their attacks upon the protective tariff, mainly nnder the In fluence ol the foreign oapl al centralized In New York. Every successive Congress since the war has been agitated by Democrat ic efforts lo modify or repeal the protective duties. CONTROI.HNO THE SOLID SOITTH. These did not gather much force until the confederate recovered control of the solid south, and since that time the efforts al free trade Lave been o-n, undisguised, aud des perate. In the last eighteen years Republican policy has erected a slupendoua fabric of do mestic industry all over Uie north and west, and in many part of the south. The western In dustries have risen to colossal proportions as If by magic. Yet, ln ihe only two Democratic Congresses we have bad since 1x60, Uie most laborious efforts bave been made to destroy Uie protective system, and to enact tariff schedules for the discouragement or native manufactures and favoring the competing foreign goods. When Mr. Kerr (Democrat) wan elected Speaker of Uie House of Representatives, he appoluted . Committee of Ways and Means witii a decided free-trade majority, which spent Its entire time lu vain endeavors to mature and pas a free-trade tariff. Mr. Randall (Democrat), the present Speaker, appointed a similar commit tee, beaded by h'ernaudo Wood, an ultra free trade Democrat. Tbal committee made Uie most outrageous tariff for the oppression of American Industries ever yet attempted. It was so Intensely foreign that even Uie free trade organs opposed It as stupid and foolish. Tbe argument presented by the broad com mon sense of Andrew Jackson, tbat by diversi fying I lie employments of tbe people, Uie mar ket for agricultural produce would be Im proved, bas gradually become Uie accepted doc trine for northern aud western farmer, all of whom favor manufacture for Uiat reason. But It is everywhere met by Uie Democrat with all the old free-trade sophistries used with so much effect ln the s uie-war time, and on which the class prejudices of the farmers were Uien based. Tbe northern and western farmer, however. know Uielr own Interest now much better Uian they did ln those times. And they bave seen nnder Republican auspice Uie ex porta lion of uorlliern raw product attain proportion never dreamed of by Uie statesmen of Uie free-trade school. ADVANTAGES TO OUR IXDUSTklAI. POPC- LATIO.1. Under Uie old Democratic policy, all Uie raw products of the Republic shipped abroad were paid for In foreign merchandise. Now the country ships far more produce than ever, and at the same Ume consume vastly more at home by reason of Ihe increased magnitude ol Uie In dustrial pop ul lion. Thus onr farmers and planters have nnder the protective system better markets both at home and abroad. . In all the populous States or the north and west our manufactures are treble what they were In Uie old Democratic times. Tbe same policy Uiat protected Uie American cotton crop into existence bas made the eonntry self-supplying in wool, hides, leather, iron, steel, copper, lead, and fabric of metal and textile good. Tbe Immense export trade, tbat baa so largely reduced onr foreign debt, and stopped the drain of gold and silver. Is wholly Uie work of Repub lican policy, and all the measures contributing to It were vehemently opposed by the Demo crata aa a party. We present these fact and consideration lo bow that while the Democratic party ha flour ished by the aid of foreign capital and foreign monopoly, the Kepnbllcan are truly favorable to a foreign commerce carried on by American enterprise, with domestie capital, in native nro- ducts, and calculated to strengthen and enrich rather than to weaken and Impoverish the nation. A the export trade la always the best commercial reliance. It Is Uie firm belief of Uie Republicans tbat In proportion to onr progress in Uiat will be the corresponding Importation of rcretgn products. Accordingly, tbe same tariff that protects domestie products in advanced fabrics Imposes no duties at alt on Indlsnenssbie articles like lea and eorree, Ui.twedunot pro duce, .nil on all raw products aaed In domestic iMDuiKium sm irnporiau rrom roreign ports. Under thatsrrangement,asnnnd and wholesome foreign Import trade Is earned on, which tbe pro teetlouisl. Hosier and eooonng, while ine steedy demsod at tbe Democratic party is that U.ls policy shall be reversed that duties snail be Imposed on free mooam. and Uiat tbe rf.iu. on foreign nuuiuraciures sb.il bs redneed. -t nese principles win ne luuiki to be tally car ried out by Uie Oemorrattn tariff; made In Con -areas Isst winter by Mr. Wood s commute, bat rejected by the House. That larlir was sus tained by ihe Democratic Hpeaker, and bv in. Datnornisof the House, with few exeepilonsT aatll the very last moment, when it was reteeuai by a close vote. Un that mnin.n ...J;-T LIr2!iTr ,PSLple mo"t 'Judged. The me general restarts snarfend tm w , - . w Imperauo tariff i. tbe previous Coosri-" The Democrats loitsinM hK. - w,gpM Publican, opposed and deleaved bSul At5S rseordw ask unpeople to iiw-sT1"1- TVW BLAISE. BIS UETTZB TO TTESTJEIX PHTT.I.TPS. The Senator from Malnd Ajissjh Some Pew tlnent Inquiries R -Stares Clearly Bl Position on the Currency Quest low. i. ACGUSTA, Mt, Sept 23,' 1J7S. WkWSILZ. PniLLIP. Esq: ' ' Mr Dear Sra: I remember the conversation In the Senate Chamber to which yon refer, and I bee to recall to you possibly soore folly -than I Uien stated the objections to th lntercon- vertlbr bond aa too basis of oar currency. - I am aware tbat many wis rasa besides yourself bave approved and advocated Uila theory. The power to hold a bond which may at any mo ment be coo verted into legal-lender note for It fans valoe, and to nave legal-tend or note which may at any moment be convert! into a bond at par, appear at Ont sight altracUva, But no scheme la more deceptive or deluslrs, and I will briefly slate the objections which seam to me Insuperable. OBJECTIONS TO THE SCHEME. First If Ui bond be of saffloienUy high rats of interest to float th currency even to an ap proximate equality with coin say four per cent, or thereabont-the inevitable tendency 111 be for Uie currency to run into tba bond rather than for tba bond to be exchanged for currency, and this with such fore and volume at erlUeal time aa to compel a scarcity of note, an erer-reenrnnr. stringency ln th money market and a general ins lability In affairs. Second If yoa max the bond of a rata to low as to avoid tba tendency and tba danger jast stated, you of eoorse abandon all Idea of having your sarreoey at par with coin, u your Interconvertible bond 1 worth but 75 In SO cents on the dollar la eoln, yon thereby fix tba vain of yonr currency at 20 or 25 per cent, below par, and yoa banish coin from your circulating medium absolutely and finally. Ho mat, u yonr bond be one that will Boat a currency at par with eoln. It will steadily ana irresisuoiy tend to contract Its volume. And If yon seek to avoid this result by lowering tbe rate of In terest on the bond, yon render equality with coin Impossible. In either event tbe scheme wonld work lu own destruction swift and sure. Third No device waa ever conceived that would give a more complete advantage to Un ocal lb y speculation of all kind than Uie inter convertible bond. Several time within Ihe past ten year we have wiuiessed a "lock-up" of greenback by Wall-street eoraninauoos. with a view to financial ends, which were al war with Uie public good. So promising and so profitable were Uiese end that Uie aperalators conle afford to have many millions of green back lie klle ln order to force a stringency tn tbe money market. Yonr Interconvertible bond wonld open Uie way for this si ass of finan cial operator to lock-op" greenbacks and bave the government pay them Interest on the whole amount, white they might be conspiring to derange the business of a continent, and de press the value of every farmer" crop In the land. In other words, yonr theory would force Uie government to bean accomplice in every gambling scheme devised In Wall street against Uie peace and prosperity of Uie country. Fourth Every year, as the spring baslnea closes and summer come npon as, there 1 a vast accumulation of money Uiat Ilea Idle for three or four mouths at Uie financial centres; In Uie vault of the banks, lit tbe safes of capital ists. In the treasuries of railways, and ln Uie strong boxes of Insurance companies. During Uiat period nearly one-fonrUi of Uie year Uiere are from one hundred and fifty to twobnn- dred million of Idle dollar In New York and Uie other great money centres, and Uiese dollars ail belong to rich men. lour Interconvertible bond would provide an admirable mode for Uiese capitalist to take a large amount of inter est from Uie government at a season when they cannot gel it lrom any other source. But I ques tion whether It would be quite fair to tax Ihe whole people during Uie hot months of summer in order to insure to Uie wealthy capitalists of the country a good lueouie on Uiat large sum of money which would otherwise be Idle while they are enjoying the mountain air and Uie sea breeze. FifUi The Interconvertible bond would leap to postponement ln the payment of small bill and debt ln Uie domestic business of supply ln every-day life. In oar present system a large um of money Is carried at all times on deposit without Interest. Wben bill are presented from Uie butcher, the baker or the candlestick-maker, Uie man having money on deposit not drawing interest readily pay Uiem, for there I no profit to bim In putung off bl creditor. But once teach every man who haa a surplus of ready money that he ran deposit It with Uie govern ment and draw Interest thereon, and tbe Inevit able tendency is to place it there and keep it there as long as a creditor can be denied, avoided or evaded. The advantage In all branches of trade and labor of promptly paying small bills, not drawing Interest, Is Incalculable. Tbe In lerconvertlble bond would stop this at once, and would array the avarice and cupidity of the moneyed claas against It. The interest paid by Uie government would go Into Uie pockets of Uie rich; and the Interconvertible bond would again make the government an accomplice with tbe capitalist lu withholding his honest dues from the workmgman, the government meanwhile paying the rich man Interest on toe money that honestly belonged ln the poor man' pocket. Sixth Is it not apparent, from the consider ations thus hastily summarized, that no form of enrrency could be devised which would be so con stant and so oppressive aa tbe interconvertible boud, In tbe taxation it wonld Impose on tbe people'.' It would make the government Uie constant repository lor Uie surplus money of the rich, who would use It aa Uie resting-place for fortunes, walling a more permanent aud more profitable Investment. In abort, the whole scheme would end In making Uie government answerable for interest on money Uiat for tbe tlmeco.ild not be used in any other investment. It wonld Incur ihe general odium of taxing Uie many for the benefit of the tew ; of exacting from tbe poor a contribution to pay Interest on Uie rich man' money, at a time wben the govern ment did not need it and could not nse IU NO WAT PROVIDED TO SECURE COIN. Yon nrge Uiat our party should have taken ground In favor of "the government' Issuing of all the paper-note currency, th same to be legal-tender everywhere aud for every par pose. ' ' Your language Implies more than yoa really meant to convey, for your "every where" I necessarily limited to our own coun try, and you proceed yourself to limit the legal lender for every purpose" by declaring that the principal and Interest of your Interconvertible bonds shall be payable In coin. " Tbe moment you lake tbe ground Uirt tbe principal and interest of Uie bonds shall be paid in coin, you separate yourself absolutely and Irreconcilably from Uie advance guard of tbe Greenback school of fluanciers, who refuse to Incur any obligation to pay coin. Aud yoa will observe thai while your theory proposes to pay both principal and Interest of your boud In coin, yon provide no way to secure the coin, but make your paper-money legal-tender for cus toms and all other dues. You seem to ap prove Ui wisdom of Republican legislation In so far a to make government bonds pay able In coin, but you rail logo with Uie same legislation In providing an efficient and certain mode of securing Uie coin. I not this aa among Uie most glaring defect of your inter convertible theory one among many tbat ren der It adoption by Uie Republican party Im possible. Moreover, the scheme would bare proved lamentably Insufficient to appease the demand ot Uie flat" money advocates. It would not even bava proved a "sop to Cer berus, " and to have resorted to it would Justly bave exposed the Republican party first to ridi cule and then to disaster. WBAT "THB BEST EfROPEA.X THOCOHT" REALLY Is. Nor can I agree with you differing with full deference and respect Uiat the beat European thought ta haateolng" to tbe doctrine yon ad vocate. In the three most enlightened and pow erful nation of Europe England, Uermaoy and Franca I question If a single authority can be found that won id advocate, or even tolerate, tbe Idea of toe government issuing paper money and declaring It to be legal-tender. France, nn der Uie terrible prewar of her war with tier many, never issued a single dollar of paper money, and so fbreed ner area sM bao lo specie payments, promptly aa possible after In contest closed. The "best European thonght, " so far aa I can read Its ex press loo, con templates no paper money except that wnlch la redeem able in eoln, at Uie wUI of Uie bolder. If yon can give me any recognized authority in any of Ihes countries that advocate a different doe trine, I shall confess myself obliged to yoa for valuable Information. There are thousands or millions of property In Uie northern Stale dependent for It value npon Uie maintenance of public credit and the assur ance or a sound enrrency. Thi la not th prop erty of Uie rich merely, bnt of all classes; of every man who ha a deposit ln a savings bank: of every man who owns a State, municipal or rail way security; of every man who bas a policy of Insurance on hi boose, or bl ship, or bis life; of every widow or orphan whose bread la derived from trust funds; of every pensioner whose fuel and whose food depend on to month ly (Upend paid bim for rvic and suffering la the war. For aU these classes, and others mat i might enumerate, scattered lu nor Lb era States from Maine to Call tombs, ths soatbern Boor, boos are not the appointed gaardlans nor to natural protectors. Bnt It bocosaes ajamtlna: when we see uielr error is aided and abetted by your weighty and eloquent words, by yonr great and veneralad nam. In all great straggles In the poIIUeal world. Issues bseome generalised and detail are left not of sight. So It will be wlUt una finaoaial qnestlon. Thar can be but two aide to It; one for "honesty money." the other for "wild In flaUon;" ths one tor maintaining the ralm and aonor or uie nation, tneouwr leading to the possibly leaping over the nraclolee nt . Miiy ot uioss who tood by lb government ln theboorof lu lrli. ue other deriving lu chief tlrengtb from too who sought to destroy the Union of tba stauT In the party for honest soon.. .. . nd b. many Iooerat., audi am sorr, T "it mat Irredeemable paper has ft.vi -Z It. ablet advocate, InthT. TtT" Ucan party. I am with ttZ -Your vary aincerei 5 . r- , , J'tt-BlAIaa, ' THE STATE. Pennsylvania Expenffittnes. i 1 A - ' ' - . i i A Favorite Theme for the Democratlo Polltrctona'tn the' Campaign. Some tauraaUng Facta and Flgur that Throw a Little Light on the Var ious MmIn!tratiOflS of the CommOtTWaaltrU The Increased axosndttur of tbe State admin istration baa been and Is a chosen subject of comment in all Democratlo discuss loos. It la a thoroughly legitimate topic- and one we are glad to have opened. The only fear 1 lest It hall drop oat of sight after Uie election, aa It haa so often done heretofore. Tbe periods geo- M4ll Mtrtmmn fne flnfflnsrltm are tbOBO Of Packer. Democrat. In 1-TJ, wben the costs were t,2n9,st9 n for Uie term: of Curtis, In .Ki m. when they were 1,SS1.T ; of Geary's first term fol lowing, wben they amounted to 2,433.148 M; of hi second term. In which they were I.fX,S05 07, and of Hartranft's late ad ministration, ln which they bave advanced from S999.9S7 TT ln 1873 to 1.213,27 t In 18H. Resting npon these facta, the Democrata and Nationalist censor the Republican party un stintedly for extravagance, and hint at malfeae- It I so difficult to procure absolutely trust worthy sod intelligible statistics In such debates that Hon. Chester N. Fan rendered a good ser vice to Uie Interests of Uie State, the knowledge of Uie people, and tbe cans of troth. In hi con sideration and presentment or the facta at Myerstown on Saturday evening. He did not ondertak to deny ar apologize for state of the ease involved In the history of toe State, and generally known to every one; but, premising tbat the expenditure of the Commonwealth have trebled since 18t, explained the cause and Justified the facts convincingly , and wben am ple Justification could not be found, pointed to Democratic action a equally or wholly respon sible. Daring Packer' administration, of l&"-60, tbe expense were 1, 209,849 17. Since hi retirement the population of Uie Bute has Increased from 5,906,370 to a boot 4,200,000. Thi Increase bas necessitated In creased expenditure In every direction. CAUSED BT COMBINED ACTIOS. One-bair of all Uiat ha occurred tn Uie seventeen year 1 due to Uie combined vote of Republican and Democrats, when Uie constitution of 1874 added T. member lo Uie Legislature, Increased the Judiciary heads of depart menu and clerks. Tbia action of both partis appropriated ai,ono,OM annually to Uie public schools; increased lb pay of tbe Legislature 100,408, and that of prlnUng 6l,- 079 03. Of tbe 218,070 46 remaining Increase to be accounted for, S1ST,804 I accounted for by Uie increase In the salaries of toe exeeuUve de partment, clerk and Judges, all of which Is non-parUsan, and baa been approved; by the Increase of mileage and stationery in tbe sum or a37,0u7 SO, or 32,S3 03 more than double wbat they cost ln 1860, and by 10. 538 94 appro priated to Soldiers' Orphan' School, leaving bat 43,25H S3 of all una vaunted extravagance anaseribed Uie major part of Uie growth having been wisely concurred in by both Democrata and Republican In order to meet tbe Increase of 23 to 50 per cent, which ha touched all branches of living linos 10. A the Increase of expendilnrea nnder Democratic rule from 1844 to 1880 waa 68d per cent, , Uie Increase of toe sama expenditure for toe year from I860 to this -time fall absolutely ajo,ooo below toe ratio of Democratic Increase when Uie costs of reorganizing tbe govern merit and Legislature are subtracted. On toe other band toe Repub licans bave not only carried on the government in a period of civil war, and through a follow, lng term of depressed Industry aud InacUvlty with no Increase of toe debt, but they have made an annual saving of 80.000, together with a profit ot -'61,9J2 by refunding th State debt, which they have reduced from 42,000,000 to 13,000,000 and placed ln toe course of speedy liquidation. We remark of an exhibit which will gratify tax-payers and true Pennsylvanlans, irrespec tive of parly, tbat it proceeds from a compe tent, responsible and reliable source, where the floating statements which Impeach State credit and hurt Ue prosperity of Uie State, Indirectly If not directly, are Uie product of partial knowledge at toe best, and either leavened with partisan feeling or Intentionally colored. With this authentic exhibit the case Is made up. The financial issue Is tbe greatest ln Slate a In national politics. Having sbown a great re duction of Uie Stale debt, greater efficiency and permanent gain ln every department of ad ministration, and preparation for greater econ omy and profit, tbe party may well and confi dently go to the people, wbo wanted no other evidence to renew their original friendship and sustain a policy they marked and demanded. OCR PRINCIPLES. THE KEPIBL1CAX LIBOR PARTY. What Investigation Proves That Republi canism ia the Only Safety for th Work Ingmea of the Conntry. This continent was colonized by laborers. Tbis country was hewn oat from a wilderness; Improved, organized, and ha been directed, aa It still Is, by laborers. There are no hereditary titles Uiere are few great fortunes to transfer anyone from the ranks of oseful industry lo those of unproductive leisure; and where an exception occurs It is cured In a generation. Tbe Republican party was organized of, by, and ln tbe defence and assistance of labor. It liber ated millions of laborer a it very first act, and seen red their freedom. At the same time It grappled tbe great question of providing all labor with employment, and making that re munerative and steadily greater and more lucrative, and providing It with knowledge. Composed of, working with and for, and sus tained by labor, and directed by a system whose operation and end consider labor In socb a complete and high sort a was never the cas anywhere before, Ihe Republican party, by tbe thoroughness of It principle aa mncb as by It eminent deed, ha the right to be viewed a the most perfect and only labor organization In the country. It la great and deserving for patriot ism, philanthropy, financial ability, military valor; bat all Uiese have been designed and nsed to give Uie State such completeness ln every part, that every laborer would rise to Uie highest welfare and happiness. We present facta really known to every one because a few Individuals, Inordinately anxious to occupy place for which they are not quail fled, bave assumed to be tbe laborers of the State and lo direct and prescribe t-w all labor. Tney are arrayed elsewhere, bnt they are here. Home of their complaints and some of their in tention are correct. Some of each are perni cious, and Uielr view could not be carried oot la the manner they propose without a conflict with other Interests, and Uie Interest of other deserving equal recognition with their own. nor without loss lo Uie harmony of toe whole community. On the other hand the doctrine of Uie Republican Labor party have not only been confirmed by Investigation, Dot also by trial. They are operating In and Improving the south. They are bonding np Uie Pacific eoast as well a tbe Interior, the north and toe east. They are sending our product over tbe world, regaining our bonds, bringing back gold, atlm ulating our Industries, and leave comparatively few unemployed where lately hundreds of thou sands wanted work. They hurt no one, but help all. Those who wonld promote labor, directly and efficiently, should cast their votes for toe Repub lican party. Others will disappoint them; tola, never. Other will rail rrom Ignorance of prin ciple, or of their subject or their application, or from having overlooked related facta. This carries a perfected theory tn ascertained meth ods, and overlook nothing either In eon tern plation or effect. It war with no race or call ing. It cannot Injure If It should not benefit. Bat the benefit is a known product of Uie agent. and its comprehensiveness and duration add to sbe Best and safllesen rum. Plslsly, tns pabllenn-Labor party should bave lbs earnest help of every wise man anxious for Ihe highest good. Why the Dr ss ex-racy Waa Beaten aad Disgraced. From the New York Hon. It 1 nol beaten alone Uiat the Democrat are, on toe whole, In toe recent elecUona. They are disgraced also. Tbey bad two positions, natural for them to take, which were Impregnable. One was tbe observance of tbe constitutional provision for toe election of President and Vice President. The other was tbe sound doctrine of a gold basis for the currency. They abandoned both. They surrendered all principle, and withal were Ignominloualy beaten, as they ought to hav been. W do not say th Republican merited anecesa; but to Democrat certainly deserved to defeat they nav sustained. For the I ast radios d the Yoa aw. Tba Rev. J. O. F.mls, an ngUsh clergy man, describes bell "for the 1ns traction of to young. " Be say tbe plsee la about 4000 mile from where be Uve ; that billion of people have reached there, "aad that tbey are a screaming. groaning, yelling, shrieking, roaring, blsslne newllng, walling, and fearfully blasobem,. crowd, wlms ocean, of tear, run .IU-- 0n' great aplash npoa to red-hot lrZ7 .7' TbU w. do very well fog Teo on most, of eoorse. h.w. '.. d substantial. The voon. k" . "ul,n or little volume will be nni i . """ttl stale of mind; and we mav rmin nobody to thi. world haa th. aou. lnfor..iH reg, h- ld- air. rami, p. r. a-omls. p. . - " "-ul by aaue ticket waa ' "uetno. last tectloa. . J iioaau at Sr will be etaio b, uuT x.Dltad 8t WtatwT "J.Ilslatur, tbat poett. LATX9T LAY Of THK DEWCRATS. Th Story e an Atteasyt ter Steal th Tmu oeaev-That Meet ef 9suanel'a Roguery -A msermble. Failure, - By Us is net J. Tllden, Late RWbrm and Frand r. did.., sow grievously afflicted with clpheri. I bave touched toe highest point of an mygr.f And from the fall merMlaa ef my glory I Haste now to my setung faster than Earns trota Whan at bis best; I shall tall . A fail toe slyest knave Uiat wears a mask, And ao man sea ma mors my goose is cooked. Farewell, a long farewell to all my greatness ! Thi I to state of man: to-day he pats forth The semblance of Keform; to-morrow preaches And solemnly proclaims his hate of Fraud The third comes a Key a perfect Key And wben be thinks, deluded man, full sorely His prospects ar a-rlpsning, bust bl mask And then he falls as I do Vain pomp and glory of this world, I hate y Aad also ye. y horde of nincompoops. I feel my eyes nw opened. Oh. how wretchea Ia Uiat poor man who trie to bribe electors ! There la betwixt that seat be would aspire to, That vote of bribed electors and bis ruin, Such pang and fear aa I or Marble bave. And wben be rails, he rail like well, like me. Never to hope again. Deoee take the cipher. Peitoo, I did not tolnk to shed a tear In all my misery; but toe Tribune makes m Oat of lis honest troth to play th woman; Let's pack our trunks; sod listen tome, Peitoo And wben I'm execrated a I sball be, ' And sleep wltn, d Uiat Marble, Where no mention of me more shall be heard Then say I taught thee; Say Tllden, Tbat once trod Uie road to rain. And sounded all the depths and shoals of rog&e- ry. Found thee a way oat of bis wreck to rise In A sore and aafeone, though your uncle missed, it. Mark but my fall and Uiat that ruined me. Pelton, I charge thee fling away ambition. By that sin fell your nncle; how can you, then The nephew of your nncle, hope to win by It - ' Love thyself last, cherish those hearts that hate thee; Ask Schell aad Kelly np to dinner Sundays, And write upon toe gonfalon Uiou Dearest. Corruption wins not more than honesty, Reform and Fraud are not convert'ble term, O, Pelton, Pelton, Peiion, Pelton, Had I but lived my life upon Uie tquare Not Ora mercy but Uie downright moral square, I would not ln my age. with '80 Just ahead. Be knocked much higher than the famous kit Which once was flown by Mr. Qikleroy. NASBY. He Proceeds to Orgaaize a Section-The Result. Coif ffhrit X Roads, i ( Wlch la tn tbe State uv Kentucky i, ( Sept l, !;. ' I felt it Incumbent onto me to go to Factry vllle, a Tillage hard-by. and establish a lodge ov Nasbnels. ov toe Kearney kind. Faetry vllle was established by a company nv Mawy ehoosl is disturbers, wlchlnvadid the sacred soli for toe purpne ov manofactrin iron wica is found there in great quanli ties, and they her a mill Into wlch about a hundred men bev bin employed. The price uv iron bevin gone down, Uiese graspln monopolists bed the ashoorence lo ask their su fieri n labere to redoose their wagia, glvln toe frivolous pretex that ez the price uv II vm bed gone down also, they cuod afford to work for a trifle less. Ez most uv the men owned their own houses, wich they bed saved, and was comfortably fixed, they coodeut git away, and hed toeuduor Uie ojus exacsbuns uv thegrlndia capitalists. And ez collect-hues wax difficult, and Uiey didn't git their wagis with the regularity of former yeers, Uiey mur mured some, which I felt It my dooty to Im prove. They needed a leeder, for none uv 'em knew how much Uiey was sufTerin till 1 went and told em. I bed a tolerable easy time uv IL I made em twosDeeches, In which I showed em Uiey wuz groanln under a tyranny compared with wicu the suUerlns uv toe Rooshun serf was noihtn. and that they wood never brv ther own till they organized and crushed their oppressors. I showed em that wat Uiey wantid wuz to crusu out capital, aud be tbelrselvea their own rosi er. It wuzu't hard lo do. and Uie second nlle I organized a aeckshun. flu rtio.it! I writ myse If, basin It on Kear ney's Idee. It wuz very breer, and tun suthin like this: "Hath the brother wrongs?" "He bath. " "Doth the broUier brood'." "He doth." "Is be a successful brooler'.'" "He Is." "Doth Uie brother look forward to the Ume wben be will hev bis Irou heel on the neck nv bis oppressors, and will hev the lecherous em ployer by toe throat? ' 'He doth." "Doth toe brother understand the ynose uv a box nv matches?" "He doth." "Is the brother wlllin. ln tbis holy croosade nv labor agin capital, to buy bis own matches, or la be so eraven-speri lid ez to ask the I inter to furnish them?" "He will buy bis own. " "Hath Uie wronged brother two dollars and a half in bis Irowsers to help theeoz.oy supportln toe agitator?" The wronged brother at this stag prndoose.1 toe money, which I took to strengthen ine cot. and then pe receded with the lecter. I remark! tbat be wuz a grovlin slave, and that by layln still be wo addin to his bonds. Wat ne wantid to do wna to rise. He wantid to demand an ekal dlvishun nv property, and ef this reasona ble demand wuzn'tacceded to, he wantid to de stroy wat property ther wuz. He wantid to de mand an onlimitid issoonv money, to bedivlded in some wsyso that be wood git all that b wantid, and Uiat toe hours nv labor sflrsxl bs fixed by law, and the wages also. He shood de mand sicb legislashen ez wood let nlm Uv I absloot lnxnry, no matter wat he wuz. The more Incompetent or averse to labor he wuz the greater the dooty uv the government to see tbat be didn't want for anything. Ef after he hed rix and these demands wnzn'tgrantid then the matches shood come in. I lnisbtated Uie entire force nv the faetry. and toe next mornin tbey marched lu a body to the mill and demandin their beaven-glveu rites. Tbe bloated employers tried to reason with em, and tried to show em that tbey wnz pay in all they Co. si afford to In the present deprest con- disbn nv things, and that they wuz gitlln now ex much e they wux before, wben the cost nv llvin wuz taken Into account. Tbey bed tbe impudence to tell em that ef they bed to accede to tber demands Uiat they wood hev to shet cp the mills, and one nv em told the men that ef Uiey wood aasoom tbe mortgages, ex wellez the blsnis, be wood be perfeckly willlu to re linquish it then and there. The workmen wood hev yeelde.1, but I bave made em a speech wich whooped It up agin. Tbey became lnfooriated and moved on the works. In less than a mluit they bad gntu.i it; In five mlnlta It wuz in names, and In a half-hour It wus In ashes, and the men firmly but determinedly moved off. The first battle for toe rite nv man bed bin fnugbt in Faetry vllle, and the first victry uv labor over capita In Kentucky hed bin acheeved. The men wax Jubilant, and I congratulated em. We adjourned to Uie grosery and pound out llbashens nv sod-corn whlscy over our tri umph. Things was boomln' for a day or two. Fi nally the men begun to git sober, snd went home lo their families. I notise by the cL.se uv Uie third day an omiuus change in Uie demeanor toward me. -Is the bosses goin ' lo bl Id sgin?" they asked one ov another. "I ml her ihlnk not." wax Uie anser. "The fact Is, all Uiat Uiey hed wuz lnvestld in them mills, and lhat is gone. They hain't got nothln lo build with. " 'The merry hell you say. Then whet are we sola' to sit woraT" Tnal staggered em. Tbey loafed about In a Hauls sort uv way for a day or two, but tbey didn't enthuse very much. Invitashen to take suthin began to be uncomfortably inrrekent, and mere seemed lobeadlsposishun toward me tbat I didn't Uke. "Too see," sed one uv em, "that we her succeeded In getting our rites. We bev crushed capital. It la very crosoed. We never saw a more complete crush in out uv capital than, tola I. Bat we can't see where we hev made any thing by It, to any alarmla extent. We bave buaUd capital cffectocally, and hev buaUd ourselves Jist es eOeetooally. The meat barl ia low. the flour la goue, and we hain't got no work. Too showd as how lo bust capitalnow spose yoo kindly show us to git more, and hew It better organized. " "Hev yoo ao aapiraabena for a higher .r. better Uf.?" I replied: "Do yoo wauttoeon linyoo to grovel at lb feet uv yoor . Hev yoo no pride?" . W hed pride, " was toe anser .,.. , "bnl that vanishes. Weh.. toU "Uv alius w.lh as. Wat ,oo ... T. . WblCQ u n v tol. seckabnn In ji.t T 111 ot a tree wlth tL - " U xleftafoot, I hai ih. ....... . my poekU and a mooTm, l, """Via from to. burmu inland ""' 1 " got to ... JZT. Htut 'bsent-miouedl. for. on th. on- rii : a Henhnela aw skIT7-TT WI 1- that bomlu, and toer are . t Z. 7T SWkesaod Met. kla . organist isvro7rta - ' established la KeaUMky. . i-ktboxjxcx v. Nasbv, liiaaalswL We cannot afford to lose ain.4. iw the Senate. The control of that nod. has the eonttrmlng power over all or ik. wZ-T dent-a appotntmeou, ha. already ttaM fls " nssuoriiy is small. Be tpti PtrDvaBja does nogaigst aagiuiar vjobmw that em ta an Wism. t -- "Uk TUI ""ir'n-VtMU. -. .14 ' --
Significant historical Pennsylvania newspapers