Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-11-02
WASHINGTON NEWS AND GOSSIP

we apprehend that the journal of Commerce
Is in error in its belief that there is no founda-
ton whatever for the statements of Washington
letters for the press, attributng to the Admins
tration dissatisfaction with the course pursued
by Governor Walker with reference to the al.
legged election frauds in johnson county. Kan
sas-) We do not, however, believe that the dis
appreciation OF that course, which the Admins
ation Is said to entertain, is SO great as to jus.
MY the newspaper correspOndential statements
that the design OF removing him is entertained.
1t will probably be found that he has taken
care to reject only returns which, on some
ground or other, were Illegally made and there
lore were not obligatory on him. 1t is highly
probable that the President has not himself ex-
pressed an opinion on the case but awaits Off
clal information on which he may prudently
make up his judgment
The truth is, it has been the aim of the Adj
ministration that its representatives in Kansas
should scrupulousy abstain from interference
with the decision of the 6ona I'll. inhabitants
OF the Territory upon the slavery question, and
In all their action be guided and governed by
the strict letter of the law. assuming no right
or authority not lndlsputably the prerogative
Oh the General Government there; and on the
face OF this affair it seemed that Governor
Walker had violated that principle in the mat
ter in question.
thus, for twenty-four hours il seemed to
be believed by usually well-informed persons
around US, that in assuming, as alleged, to
decide upon the character of the johnson
county returns-setting aside the certificates
Of judges of the election and Issuing his war
rants emitting them to hold seats in the Legis-
lature to candidates returned to him by the
said judges as having been defeated-he has
overstepped his authority, under the circum-
stances, In q most delicate point acting, in
fact, directly contrary to his instructions Our
impression Is, that in few days those in.
structions will be published.
On the whole, this Kansas imbroglio appears
to thicken, rather than to grow lighter. despite
the earnest efforts Of the Administration TO
manage their share Of the affair according to
the strietest letter of their pledges embraced in
the resolves Of the Cincinnati National Conven-
ton and the inaugural of President Buchanan.
Nevertheless, knowing well the earnestness
with which the Administration has soupht IN
avoid improp r entanglements in this matter.
our oeiiei Is that, On the meeting Of Congress
Its showing of 1T. conduct throughout the affair
Will command the appreciation of all the Demo
cratic members of both Houses
In point Of theory they ali stand on q COM
mon piatforE-On that on which the Admins
tration stands; and it will be found standing
there So Enthusiastically az that il will be diffeuIt
to pick holes in Its policy. unless one il more
disposed to do that thing than to aid in as.urino
to the future Of the country the benefits H. y,
we're expected to result from the rigid admins.
trahon OF our territorial affairs on the pripci.
pies Of the Kansas-Nebraska act
sPE>uLA1ioS.-We find in Saturday Phil
saeiphis LeageT the following chapter on the
use anu abuse OF credit, which is exceedingly
GPTop0S 10 the exIgeGces OF the times If it is
possible THAT our country men, one and all. can
De induced to reflect seriously on the RESPONSE
biIltes OF trade surely these are times when
they Will take them properly into consider.
alton Now or never. We repubIisb this ~
tiele from the Ledger. in the hope that its 90
nous and important suggestions will he we'll
weighed by all of our readers who in their 70
spectiye callings are necessarily COMPELLED to
ask credit:
TIE Use AND ABUSE OF CREDrr-Tbere arc
haDy persons who, in ordinary times cannot be
brought to believe that there is anv moral ,,,,o
IN speculation. Times ike these assist ,re.,i,,
IN opening the eyes Of the creditors at least II
otoi me debtors: Let a Wholesale mere hant hold
note Tor 1850 for goods delivered due 70 80
Dy country mercb dnt and il goes 10 nTo,es, II
ne inquiries into the CAUSE ten chances 70 one the
count. merchant has sold most of the goods ard
invested the proceeds, Il first insta m.ut in
western lands or railway shares Eyerything has
Ishen, and lands and railway shares have snnL
a.! the Investment The debtor thinks he /. to be
Piteu, but the creditor feels that he /, 10 he
bidmed LO IL right, The creditor II bc
i what Is In has heart, says, You are spec
Lao, when Is about the same a swindIer. -
wine Debtor asks 4" Pray what is a Speculate,
intended TO pay every man the last crnt 7 ox
Pected TO pay IL have sunk s. M0 OF vonr
III. e. iiiI nave lost 5000 Of my own. Where
I!es III distinction between speculation and am,
O'net klnds oil trading on credit ~ '
, nr ulnrience lies here. Speculation consists
- ma King use Of credit TO traffic in other tban
man $ regular and avowed business IL ~ o,,' 1
mas capital over and above the ravm.nts ~ IN
s usD's on the day they due he is an liberty
80. - she surplus as he pleases ard believes
most Pfohtdble. IL he gamble with II oneriv
anu put u all TO hazard the rattIno of M. IL
W ~ " VIC 'u'n OF card. however wrong IL NAV
De In some points Of view he has s,yindisd ~
one II he lose it all. But if a man nIstsnds ~ w.
De doing regular and honest business and -
~. ,.rks y" nii goods I'll he can get them into
come In, and, before meeting his notes b,zsrdss
the whole sum at faro bank he is moi onI,,
g dn1ier' pu' a dishoHe:f man, and this equally
winch Was not his, and in a manner that was no,
contemplated by the merchant who trusted hin,
Hsc'J indh mas Tlght To Invest his own money
IN w estefn lands, or railroad stoc ks or yunpow
der, or Insurance, or ANYTHING else lac pleases
provided that he docs not make u.s.. OF his cr.d1,
2otained In other walks Of business, or involve
that. ~ = -.
We are not here discussing the credit system
40 iaI as u Is used simply in conducting an open
anu leS Ultimate business. That, indeed, needs
lar more checks and safel yards thrown around
~, nan u has Tor years received. And the long
eIeot systtin has, we know 20 answer for much
=. ~. s Ieesht speculative movement. IL man
nj 49, g.
S an Las noe got TO pay for them uader eight he
aoes not want the money To lie idI. Ur5cs he
IN all sorts Of things of which he knovys
nothing few. fortunate Lifts 81 ~ -, r,s
MAKE me most conscientious merchant snecmia.
Tor OF the worst Kind in year, without k,io,yin
that he Is doing wrong A"o"ihR
But we are not now speaking of Iop,, c,.,,,,
The point We wish to press is that wba,vs, III
Hian may make OF his credit in his own le,,i,I
mate business, he has no right TO transser r.
rsk which must always attend it, w!tLoI,, RI
creditors consent, 10 any other line of businsss