The Daily Gazette

FOUR PER CENTS.-The Ledger says the Pennsylvania new 4 per cent. State loan is being taken so readily by investors who desire to divide their investments as to warrant their speedy absorption. All the sales that we have heard reported have been at 102 and interest from the middle of May.

What would Delaware 4's be selling at now since Pennsylvania 4's sell for 2 premium.

One object of independent papers is to split up and destroy parties. They live upon excitement, and, therefore, are always found denouncing party action, and especially the action of the Democratic party. To act with propriety and harmony gentlemen must meet and compare views; and when this is done and some compromise and arrangement effected business may be transacted with order. Without this confusion is sure to follow. Parties are necessary to good government, notwithstanding all the denunciations of the so-called independent press.

The Democratic party of the United States, in the last few years, has elected to Congress a large majority of that body. There is a majority of Democrats in each House. They are supposed to be honest men--they are known to be educated and able men: many of them experienced men in State and National legislation, most of them have legal knowledge and acquired reputation at the bar before going to Congress. They have stood up manfully and maintained that the principles of economy should be adopted and a reduction made in the expenditures of the general government.

Their record and their speeches compare favorably in point of logic with those of their opponents, and yet these gentlemen collectively are referred to as the "silver advocates," by the Radical press and a few Democratic newspapers, who make the question in which the bankers and brokers are interested paramount to all others, and paramount to the existence of the Democratic party itself. Now, these gentlemen in Congress who vote for the coinage of silver on the same terms with gold are Representatives or nothing. They have the same rights that other members have in Congress; and they ought not to be expected to have less force and less influence than other men who hail from the Northern and Eastern States, simply because they are from the South and the West, regions that have been bereft of their rights as to the currency which the wealthy North and East demand that they and the Radical party shall control. If these gentlemen who have been sent to Congress by the Democratic party, representing twenty-one States out of thirty-eight have not the same right to meet and determine upon the course which they shall pursue, that the Radicals had, then the Radical press may justify their attacks upon them, and justify their insolent slurs and defamatory language. For more than a year these gentlemen have been referred to as "consummate fools," and "knaves and fools," for their votes to coin silver and put the currency of the country on the same basis that it held before the late war. In that time we have seen all the wealthiest governments yielding to the influence and necessity of a bi-metallic currency for the promotion of labor and commerce; and only day before yesterday the news was flashed across the ocean that Germany was about to adopt the bi-metallic currency of France; and previous to that the English Board of Trade had urged the re-monetization of silver upon the Chancellor of the Exchequer. If, with a bi-metallic currency the commerce of the United States, before the rebellion exceeded all others in the world, why should we be halting now about the adoption of it? It is a nonsensical fallacy to term silver or gold cheap money. Money never was borrowed in this country at a lower rate of interest than now. The Democratic party of Delaware in its platform, adopted in 1878, declared in favor of gold and silver as the legal tender currency of the country; and the coinage of the two metals ought to be done by the government on the same terms. We prefer that gold bullion should be purchased at the market price and coined as silver bullion is now purchased and coined and the government make profit on both. But there are those who prefer the old plan that existed prior to the secret demonetization of silver; that is for the mere cost of changing the metal into coin. This whole difficulty and many unseen evils all have their origin in the demonetization of silver. That was engineered so quietly through Congress that the President of the United States--Grant--did not know that silver was no longer money in the United States, for two years afterward and expressed the greatest surprise when informed of it.