The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-07-14

The Foreign News-Prospects OF Republic
cRnism In Europe.

canism In Europe.
We give to-day the principal points of the Eu-
ropean intelligence, brought by the Niagara, and
conveyed to us by our Geographic and express ar
rangements. The news is extremely interesting
and important.
1t is impossible for any true friend of human
freedom to regard without emotions of the most
intense sympathy that grand conflict which is now
waged between the masses of the European peo-
pie and those oppressive systems of government by
which they have been trodden under foot for so
many centuries. But, in the minds of many, this
is merely the blind sympathy inspired by an enthu-
siastc devotion to the great principles of liberty
We ought not to overlook the real issues involved
In this contest 1t is no mere conflict between
aristecracy and democracy in the ordinary accep-
tatlon of those terms, which is now waged on the
battle fields of the European world Within the last
century, new power has grown up in Europe-a
new phase Of despotism-a new instrumentality
OF tyranny and oppression, IN lieu of the old
feudal system, which imposed for several centu-
ries its iron hoof upon the rights and liberties of
the masses of mankind. That despotism sue
cumbed to the young but gigantic growth of civil
h1a .cn and popular freedom but it has been
ceeded by another system Of popular oppression,
"
sal, than that by which 1t was preceded. Feudal
tyranny has given place to financial tyranny.
We now behold AN alliance of all the great mo-
narchical and despotic powers OF Europe, dis
suised, it is true, but no less sincere and signlf-
can't than any of those which have heretofore me-
naced the progress of liberty in the world that lies
beyond the Atlantic ocean. Why is it that Austria,
Prussia, Russia, France, and England are all now
engaged, covertly or openly, in one grand, united
assault upon the rights and liberties of the Euro
pean people Whence comes it that the military
power of France, nominal republic, is at this
very moment actually engaged in predetermined
effort TO counteract and destroy the heroic attempt
of the Roman people to achieve for themselves the
undyng honor Of establishing free government
This combination of the tyrannies of Europe is
easily explained. The governments OF Europe
are in the hands Of soulless and corrupt hnancers.
The Philistnes are upon them-the Phistines OF
the bourses and stock exchanges, and Wall streets
OF the earth. That is the despotlc influence which
now clouds the fortunes OF republicanism in Eu.
rope, and threatens with destruction the blossom
ing hopes of the friends Of freedom in the ancient
world.
We are not without some practical experience IN
this country, Of the workings of the same financial
influence and agencies which are now blasting
and blighting the fortunes Of repubhcanism IN
Europe. Who is there, at all acquainted with the
machinery of government. who has not often
again and again, witnessed the powerful influence
exercised upon legislation by the interested friends
Of financial institutions and financial "operatorsl'
How often have we seen State Legislature elect
cd on the democratic principles, suddenly turn
round and immortaze itself by comforting char.
ter upon some swindling fnaRcial concern-a con
cern conceived, born, and brought forth in nqui-
~ Again and again, time after time under the
democratic sway Of our own democratic institu-
TONS we have witnessed the success of these pre-
medtaed assaults upon the pecuniary interests of
the people, under the solemn and imposing guise of
legislative authority.
Here is the great rock which threatens the safety
Of republicanism in Eurepe. On the occasion of
our last visit TO the European world, we readily
discemed the nature and character Of those inhu-
ences which democracy had most to dread. IL
required, indeed, great sagacity to discover
that in the false, corrupt, and oppressive financial
systems which prevailed throughout Europe, the
nights of the people were destined to encounter the
most serious and determined opposition. Vain,
vain must be all the efforts of the European people
TO attain the full fruition Of their long cherished
hopes-hopes cherished throughout many dark
and clouded day-so long this financial desPoi-
ism maintains its ascendeney. In France, large
and influential classes in fact the propueoEs OF
the public taxes; in England powerful interests DE-
pend for their existence on the maintenance of the
present corrupt financial system; throughout the
whole European continent, the governments, arsto-
cracies and controlling influences are bound up
with the financial embauassments Of the various
dynasties that there be but little hope for po-
pular liberty and the ascendency Of popular rights,
until by one grand, united, sweeping revolution
AIRY process, the whole Ubiquitous system be swept
away.
The fortunes Of popular liberty are indeed, a, this
moment, dark and clouded in Europe. But we do
not despair Of them A wonderful advance has
been made. The people are aweking from the
,lumber Of ages They are daily becoming more
ard more conscious of their own strength. dim,
but, in no uncomfortable degree, an intelligent ap-
probation Of the main obstacles to the establish.
ment Of their rights and liberties, dawns upon
them. Once delivered from the tyranny Of oppres.
Give and iniquitous financial systems, the people o
Eurore would soon realize the blessings of repub.
Ecan government