The herald., 1837-04-01


mercial and political. In each extremity OF this
mighty Babylon, the original elements are let loose.
Wall street. and it's business neghborhood from rVef
70 river has been for week in terrible convuisoh
The hanks-the merchants-the brokers-the specu-
,ators. have been rolling onward together IN one un-
distinguishabe mass, down the stream of bankruptcy
and ruin. Eva prodigious efiort-by the magic wand
of one man. the crisis has been postponed-not pre-
vented Nicholas Bddle has only patched up an old
fostering sore-net healed II.
Vet the excitement in tbs business and banking al
fairs of Wall street. has not been greater deeper more
fierce and threatening than the excitement IN pell-
lies and party in the Park-in the Military Hahn
Masonic Hall-in Tammany Hall. A deep and ra-
dical revolution for year past has been npenng and
ripenng in politics as well as commerce. The daring
madness Of the great Park meetlng-the attack upon
the flour stores-the angry passions of the multitude
the rembhngs of the merchants-the alarms OF the
banks-the cries of Tammany Hal-ihe fierce shouts
of the locofocosand the peals of the wings, are only
parts or symptoms of the great revolution IN the po.
ltcs and commerce Of 1887.
In the year 1925 such another but lesser revolu-
lion, took place in the same relations OF lie and
society. Who has forgotten that day! Are there
any now in the field that can remember and profit by
the experience of the past!
In 1925 revolution took place in commerce, which
prostrated hundred large houses IN our pr.ncpai
cites dashed 10 atoms innumerabe small traders
and laid the foundation OF that political revoutioh
which swept John Quincy Adams and his friends
from the presidency in 1923. The Legislation OF Con-
press and the action of the government from 1918 10
1924 had fostered speculation, and gwen birth 10
TOO great enlargement OF trade Paper securities OF
all kinds had then increased-the price of cotton
nearly doubled-and mechanics wages risen beyond
previous rates. Originating in England, tbs revulson
i'm trade and commerce began in 1925 which swept in
one year from the higher walks of business, half
the leading merchants and capitalists of the land
This singular disruption of confidence in commerce
ran like fire in the mountains into the elevations OF
political life. In this city, we had then just CON-
menced our career-we mixed with the scenes-we
knew the men-and we marked the overpowering ei
feet which the commercial crisis of le25had in laying
the foundation of political revolution, which changed
the whole face of the government IN less than sree
years. The numerous bankruptces-the fall of cot
ten-the blowing up Of banks and the Bond Compa-
nies-the stagnation Of rade-the agitation among
the working casses-the general breach of confidence
communicated ITSELF with the rapdity of shock Of
electricity to the political parties Of those days and
laid the foundation for the great change in 1929
Thus was the commercial revuslon of 1925 tie mo-
ther Of the political revolution of 1925 by which Gen
eral Jackson reached the presidency and thus also
will the commercial revulsion of 1897 be the founda-
ton for a similar revolution in the government and in
parties, in 1910.
There can be no mistake in this opinion. We speak
from experience-we point 10 undenable facts-wc
hear the voice of change, and we know that voice
well as we do the accents of a mother slips.
AT this moment there three parties in the field
each having its own candidae-the government party
the opposition-and tho locofoco. The party which
supports the government in the last agones ofdeath
The subtle measures which have aided in producing
the present state of excement-those ridiculous
mercal laws Of Congress, which the origin Of the
great mischief equally TO be ascrbed TO all par
ties They were the Joint result of miserable party
spnt-n The government and in the opposition alike |
Bat the government party alone will suer the punish
ment and pay the penalty Nothing that the govern
ment can do can step the revolution. In such n
country the United States England, the great
commercial class, like Samson under the porco of
Dagons temple cannot be struck down without pulling
the Idolatrous fame with him in the general crash.
Miserable, Ignorant dirty, rum drinking politicians
may talk and lecr at the mercantile classes they
please. Let the political power at Washington strike
10 the enrth the spirit OF commerce, ana IN a lew
months that unclaimed spirit will up, in ,enfold
strength and tear the miserable democratic rags fr
the filthy back Of power, and kick il 10 perdition
Why Isn sol IL is the supremacy Of mind, genius |
talent and industry avarice fanaticsm hypocrisy
drunkenness and iolly. Democracy and the power |
of numbers in an enlightened age, arc miserable deu-
sions--worse than the fata siorgana IL is mind
and SOUL and intellect and talent, that will rule NJ last
Axaong the great commercial ciass-and by this term
we mean the merchant farmer, banker, broker or me-
chanic, who is educated intelligent and understand.
the principles Of doing business-ameng the great
commercial class is the ultimate and sovereign power
Of this great country. Charatans and fools may over
power at time, for business prefer nindng their
own affairs TO peddng in politics. But rouse them
10 acton as they are roused-e the rude haas Of
government attempt 10 strike them TO the ground
Vet the spirit ofDemocracy brace itself TO the contest
with ten Thousand barrels Of whskey, and they can
not stand the contest with intelligent and energetic
mine, any more than inert multitude could meet
the cohorts Of Cesar or Napoleon
terrible revolution both in politics and commerce
y now in mid career, which will tear up from it's foun
dahOn the roots Of Martin Van Buren's adr,inistra.
uon Unless he calls Congress together instantly.