The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-08-03
POLITICS OF THE DAY.

Lecture to the Northera Dsmocrot tao yS,uu
: nais on MISUNDERSTANDING Weed o.
= ah Abolition spoiisman--ras Central II an
: road Monopoly Spreading Sail, Skc., tsc. lGc
Is TIE CONSTITUTIONAL FREMONT rARrf SAC
l, TIoNAL
from the Boston Atlas July 81
with all unscrupulousBess Characteristic OF despot
ism the charge is made that the republican party L
sectional in its character Notwithstanding the
cetr evidence 10 the contrary the cry goes up from
ibe slaveocracy that the republican party is Tor d
Mding the Union; that It is q party of the North
that II has net now, and cannc. az any tifne have
adherents IN the South. To show the folly and itn-
secllity OF this charge we give the statement OF the
msae by New 1 Yors 3 s aver z an Assertion
YoRE TaRALl, VI espousing the cause of the repub-
licaps wouiu lose its Southern subscribers. The
1Nlss says
The opinion Of the lsy Bod win receive very little
eountcnaAce ~ the South and especially 10 South Caro-
lima Tie readers Of the INV Yoag GEgAD Will continue
paronize il, without any regard 10 the shifting ar bo
tion sentiments which may appear its columns against
II institutions and people Of the Souta Tho truth IS We
ba abolon d, ling in the south than
mos tpeople are aware o. Let them feel that they vii.
De ga G and many tnat regarded good and true
frend OF the South and her institutions would I've found
not ou Constant readers and devoted patrons OF tue
HgAr1 but ready to espouse It's teachings aud advocate
It's prn 'es purely in opposition TO the At present
| ing prevail ing sentiment Of the South.
This is Il se evidence tit clear and unmistakeable
\ II is the G sndd admission OF an out and out pro-
rlayery papt r, published IN the hot bed of slavery
rSdcali.m .Vhe Times could have no motive for
X
Not only in Sou th Carolina but all over the Terrific
~ nov blghted asd withered by the scorchng Gres
which burn out ne life of humanity. there is feel
ing, deep roote, sediment, thai the republican
party is til only OF gan,zation that can rescue the
| constitution ana thu Union from obstruction In
| proof OF this, we ONT to Kentucky, with its r.
publican electoral cl st to be supported, accordine
to the admission of thu Louisville Josrna a pro-
slavery sheet by at lea 81 ten thousand voters
| We also point to Della ware, and to Msryhnd and
Texas In ali of Il SC Stales it Is aioiittsJ that
narni la Gtr rda~rlt rJa ~a
| pubicanism. Ye' the republican party 70 declared
| to be sectional!
Despite these admissions d. spite the republican
platform clear and concise IN itslanguage she Sec
onl cry goes up from the entre pack OF pro sayery
| bounds mastids, ours end poolles-from the Wash
1 ington Unica down tokhe Boston Post and New
| Hampshire Patriot, with full dishes Of Treasrr pap
within their kennels bayiug louder and deeper th
the bloodhound upon the track Of the fleeing fugi
tive. They bave no other cry to make. Tie prin-
ciples OF the republican party are net attacked, for
they are impregnable. The republican platform
not be attacked by any Northern man. unless he
adopts instead, slavery extension out and out
The candid admission of the South Carolina TIRES
should forever silence the cry Of sectunai m' We
bring tie statement squaseiy before the pro slavery
press Of The North. Look at IL, gentlemen! Is that
sectional party. which embraces citizens of South
| Carolina, Texas, Maryland, kentucky Delaware in
connection with Maine and iowa, and all the North
| cin Statesg Let the question be answered.
| There Ia one other point in the statement of the
| Times worthy OF consideration here, although not
germ ain to the question under discussion. Ii is the
| closing sentence, which reads:-
We have very Ine II any nldence in Northern poll
tcians. Journalists preachers. They not q be
trusted, and doubt not that the New York Day Book
would, u sufficient sum we're offered, sofa take posi-.
,ior end lead IN the Jrhoy which Is being wsged
against the south and her institutions, stidng IT.
efforts tc impress upon her people tnat II rdrs With the
| hare.
We commend the sentence To theatten,'5n OF Pev
Drs. Adams. Cox and Lord This ia the pay which
| spologsts and defenders receive The god OF the
| Gange. does better than this; the humble devotee
| hn Lave his hS within tho awellinU ri
with the s1ile OF the unseen deity beaning upon his
sou but the Rev. Doctor who ea - at the idos table
Gown South, returns 70 his Northern cline, W III
"very little, IL any confidence" Of the Mooch that
| snachts from mothers arms the elpess blbe,
and takes it where mothers prayer will never he
heard. Perhaps the confessions OF these gentlemen
were not quite UP to the IDEAS OF the father COMES
| sor. Let the gentlemen bow down once more: per-
| chance they will obtain more confidence from the
imperial magnsies OF slavery, BaIly Brooks among
| the rest
Tire reverend fathers aie not alone under the ban.
The roliticians-James Buchanan, and Mr.. Fillmore,
to SAY nothing OF such small fry as Franklin Pierce
| and Stephen A. Dougas-are sunoDed. fhe South
| has but "ltt!e confidence In them
| The journalists also--the Boston Post the N,w
| Hampshire Patriot, the Hartford TYmes-must
bend the knee little lower, il they would have the
| cor fdence of tho south.
| But the DAY Book must he particularly well
pleased with the slap in the face given by the Times.
IN payment for its crinsng-. How does i like the
inslnuation that il is a yenal saee'i The Northern
slave will please keep Its mouth shut. and not make
obsequous professions, Il It does not want to feel
| the cat.
The time perchance may come when the ireemen
Of the land will understand something OF the charac-
ter Of slavery. How like the LAGOON OF fabulous
history IN winding it folds around the liberties OF
mcu, the freedom Of speech, the constitution and the
Union to crush out all within its hideous coils, IL
| is q constructor more crushing, more powerful, and
more to be dreaded, than any serpent amid the jun
| giles OF India
viii the calm, reasoning men Of the land ponder
| upon thc statement cf the Tmesl
/ Iron the albany Evening Journal
| SLAVERY AN UNSAFE BANKING BASIS
The constitution of Wisconsin limits the amount
| Of debt which toe State may contrat 10 one hun
dred thousand dollars The Banking law OF tnat
state restricts the issue Of circulating bank note to
the basis security OF the stocks Of the several States
| and Ct the United States, paying at least six per
cent, and 10 the first mortgage bonds OF Wisconsin
railroads, completed In sections of at least forty
miles the mortgages - convey the whole property
ii tie roads rolling stock, bed, realities and every
thing, ard the bonds T. be scaled twenty pee cent
Of their Wall street value, and accepted at only y
| cents on the pay OF a d llar.
The Milwaukee ard Mississippi road Is the only
ore whose securities come within the provisions OF
the law. Its earnings are 90 large that better use
can be made Of liz stocks than employing them at
20 per cent discount, banking capita.. There are
now none Of IFS obligations n the Bank Depart nent
| at Madison.
The mining numbering manufacturing trade and
| agriculture OF Wisconsin require five u,illiJns OF
! dollars vi circulating medium Less than ore.
fifth OF this amount Is furnished by the banks oi
| that State.
Driven ont of Wisconsin for security, and allowed
20 gather ur anywhere six per cent state stocks,
the banker ~ te Pafser State have, a. might
| have been f..rs,eG by practical men, gone 70 the
south for c cIfl lrest basis for an issue oi notes.
We have belOse is list OF the tSea'y-four banks
Of the State ard With five excort'a the security
for the circulation of the whoic -, ss'eks of Mis-
sorri. Virginia Tenncss = hc lucky. Georgia,
Louisiana and North Carolina ~ these i've excep.
tiona F,ee state stocks michigan and Wi.consn)
constitute but q small part OF the security. MOst
az their respective issues are based upon the pro-
mises 10 lay OF the above named southern states.
We will be anticipated by all who read this state
ment in the declaration that tie existing banking
basis OF Wisconsin Il wholly unsafe.
Not to psrticularize the csse OF Virginia, which
failed to pay her last falls interest pnd in lea OF
cnsh issued to Ter creditors about million dollars IL
copper plate engraved promise mo. TO alluee to her
tnnimoEs debt ". We b. icve thirty millions, with