The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-02
The Present Financial Revision and
lis Political consequences.
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New Issues for the Great Cam
paign of 1860.
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The Bank Question and the Tariff Cues
ton Lifting their Heads again.
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OPINIONS OF THE NEWSPAPER PRESS,
&c, &c, &c.
oPIuoNs OF THE NEWSPAPER PRESS,

WHAT SHALL BE THE ISSUES.
The NEW YORK HERALD assumes that the Kansas
question is settled, and that with its settlement
closes the agitation Of the question of slavery The
National Intetlgencer seems to think that sectional
disputes must give place TO the old issues OF n
nance and tariff. which have been revived by the
recent monetary reyulsions The Philadelphia North
american rejoices heartily that any cause has been
potent enough to withdraw attention from the sec
tional issues which have for so many years shaken
the Unjonthat the present calamities IN the busi-
ness world have forced upon the people the issue OF
a protective tariff; and, it adds To this issue we
stand pledged, and We prefer 1t TO all forms OF sec
tional agitation, intended to promote the welfare
of the country and the harmony of all its varied in
terests.'
The HERALD, which supported Col Fremont, is
now a champion of Mr.. Buchanan, and affects to
point out the true policy of his administration. The
IntsUigencer is always quietst favored the election
Of Mr.. Buchanan, but chershes tender longing for
the resurrection of the wing party. The North
American was formerly leading wing paper, on the
dissolution OF its party became supporter OF the re-
publican movement without disavowing its wing doc
trnes and as perceive, rejects that movement
and thanks heaven for the revival Of the tariff issue
which is to shut out the discussion of the question OF
slavery. They all agree that the country is more
deeply concerned in the reorganization OF the bank
ing system and the revision OF the tariff than III any
other measure. The fate of Kansas they consider
settled, henceforward there is no controversy be-
tween the slave power and its opponents; oil course
there ought to be- and will be, no republican party,
no proslavery party.
These papers forget that the whole opposition
from the free States in the next Congress has been
elected upon the issue Of slavery, raised by the
tional party which finds its representative in Mr..
Buchanan. Their views about finance or protection
had nothing to do with their nomination or election
The people were not dreaming of a revision of the
tariff or national bank They had been aroused by
the usurpations of slavery-alarmed by its bold pre-
tensions and its abborrent doctrines-rendered in
dignant by the snbseryience of the so-ealed demo-
cratic party to its policy of extension and aggran
dizement-and they elected representatives, pledged
to resist and put down that policy There is not a
republican Senator or Representative in Congress
who stands there in virtue OF his views concerning
tariff or bank-not one who could have been elected
on those issues had they been presented in place OF
the momentous questions which, for the last few
years, have determined the form and direction OF
parties
The commercial and trading interests always suf
fcienty selfish forget everything else in the
cessities of the hour. Cities where Mammon rules
distracted, irrtated, desperate, from bank suspen
sion, mercantile failures universal distrust and fear
OF impending ruin, may, for time think OF nothing
but stocks, rates of exchange and discount. News
papers, dependent upon the trading community, may
become totally absorbed in questions of mere mate
rial values, and imagine that the only duty incum-
bent on the American people now u, to bewaIl the
fall of the great Babylon, If the end OF the world
had come.
But. we must remember that these momentary
troubles after all do not affect deeply the masses of
the peoplei out of the cities of transient duration
lation has little control that they cannot change the
organization policy of political parties. The bro
ken merchant, the suspended banker, the ruined
SPECTATOR may devote themselves 10 the restoration
Of their fortunes, utterly regardless of the public
welfare, but there still plenty Of citizens who
cannot be seduced into making pecuniary issues para
mount. They will not neglect their own interests,
but they will find time to watch over the good of the
commonwealth.
In 1887 when general bankruptcy swept over the
country, we were great deal poorer than we are
now-afiicted with short crops and a scant supply
of specie. And yet, without the aid OF United
States Bank, without protective tariff in fact, un
der tariff with duties decreasing from year 10 year
without any legislative help whatsoever, the people
worked themselves clear OF all embaTassInents, and
became, in two three years more prosperous than
ever Now we are far richer-Our resources incom
parably greater-we are Astounding in all the neces-
saries OF lfe-with gold and silver enough in
the country for all the purposes OF trade,
without need of paper currency. All the
evils we are suffering we have brought upon
ourselves, and by our own energies and good conduct
we must extrcate ourselves. This we are beginning
to do; We shall be rapidly progressing by the time
Congress shall meet and we shall have accomplish
ed the work before that body could agree upon any
measures Of relief, as they called
We do not wonder that the French people expect
their government 10 do everything for them and
when starvation threatens that they betake them
selves 10 revolution Such has been their training.
The government. whatever its form has been in the
habit OF treating them n children, too stupid or
weak TO take care OF themselves: and II has as
sumed TO determine and regulate all the forms OF
their industrial as well ~ political life. This is not
the American idea. What We want from a
government II security to the rights OF each
citizen and then, generally, to be let alone. II
there be any works necessary TO the deye
lopement and prosperity Of the citizens to which
their means. Individually collectively, in
adequate, then they desire the interposton OF gov
eminent. But this true conception OF government
rejected by that class Of men who would leave n
freedom 10 the individual. They want laws to di
rect where the people shall buy and sell. how they
shall use their capital and labor, how much farming
and trading. and manufacturing they shall do, anc
what shall be their habits generally
Too late!-we have outgTown this antiquated sys
oem. Al well may expect resurrection Of the
BID whig party revival ut the issues OF national
lank and protective tariff. The newspapers referred
to delude themselves In hoping that the great ques
ton shall freedom or slavery rule the destines OF
ths continent can be thrust aside, because the com
mercial interest Is just now undergoing Revision
TO which at certain periods 1t has always been subject
especially under inflated paper currency. This great
question Is still undecided Even the fate Of Kansas
which is mere incident of it, hangs yet in suspense
We have elected our delegate but q would seem ri
If the most barefaced fraud had deprived the free
State party OF the Legislature; and II Is notoriou:
that the framing of the State constitution l. under
the exclusive control of the pro-siavery party
Should slave constitution he sent TO Congress vii
IL dare TO ratfy il in the face of the fact now demon
strated by the election Of free State delegate, that
the majority Of the people of the Territory are OPP
posed TO liz Settled indeed the whole question
will be reopened In the next Congress.
While such papers as the North dmsricdn would
abandon the discussion Of the great question oi
liberty, we see no indications on the part OF the
Southern press or politicians OF disposition TO ig
more the question Of slavery Everywhere in the
South, il Is the only issue The late cleo
tious in that section have been carried for
the administration on this ground, and no other
mat Is staunch supporter OF the views and
policy OF the south in regard 10 slavery. Its news
papers abound IN discussions OF this topic Scarcely
number OF the Richmond Daily Enquirer appears
IN which the pro-ssvery virtues Of Mr. Buchanan do
not form the themes ot it, editorials The free States
with folly often characteristic Of them may sub
ordinate OF forget the questions in controversy be.
tween the slave power and the Observation-Disclosures but
the South never does either. Ii has possession Of
the federal government for the next four wears is
laying all lis plans with a view 10 continue it, pos
session in 1860, and does not hesitate constantly 10
threaten dissolution ~ the Union should IL am.
btion then be thwarted. I'm full view Of these facts
are we 10 disband the republican forces; sink the
question Of freedom leave the slave power undis