Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1857-10-27

facts will be made apparent at some future day.
Wait till 1861"
II PROSPECT IN NEW YORk-ANOTllER LARGE
SECESSION FROM THE BLACK REPUBLICAN
RANKS.
We have on more than one occasion briefly allu
ded 10 the existence of a serious division in the
Black Republican ranks Of New York. No inconsid
cradle portion Of that party are composed OF men
who have in years gone by acted with the national
Democracy with great zeal and fidelity; but LED
sslray by false lights, false lsaues, and the wild
shrieks of fanatics, bigots, and demagogues, they
have for some time voted with, and been a part ot
that political organization which acknowledge the
lead. and submits to the dictatiOn of William ii,
| Seward. Opposed, rs they were, TO the pecnlation!,
frauds, and corruptions which have marked Black
Republican rule everywhere, ana which have su'iled
the once bright name OF New York. and brought her
TO the very verge of bankruptcy, II was not until a
fearful financial revulsioR had been felt from one eI'
treinity Of the Union to the other that these honest
but misguided men turned 10 the party ut Their an
cient faith and early attachments for that patriotic
counsel and action without which the constitution
would be II mockery, and our glorious Union a mere
rope OF sand. ..
cieut organ of what is usually called the democratic
wing of the black republican party OF New York. mas
formally and emphaticslly dissolved all cunnexlon
with its late political associates, and has announced
its intention in earnest, eloquent language. hereafter
10 act with the great national democratic party. We
give below entire that portion of the Republics artl,
Gle which relates TO the causes which have impelled
its conductors TO take the position which they now
assume:
"Underlying all other interests, social, political, and
governmental, is the fundamental proposition OF a
,,ood currency. II is the incentive and the reward OF
labor; it ia the life. blood of trade; il is the bond that
binds q people together: II lie the "isest achievement
,F iuat 1apiIiRtiOn,
sIhe money crisis which is upon us has start
ingly developed the dangers over which the people
of this country have been slumbering. The volcano
which vents forth its fearful tide OF lava upon the
smiling fields around its base spreads no wider devas.
ration in its ravages than has the banking system of
thi. Union within q few short weeks. Yet this disas-
trous result, wide spread and ruinous as u 10, shows
but a 1.-THE of the evils that have been suffered from
this cause, year after year, by the producers and deal.
err of the country. The wages " their labor and
the value of their property have been the sport OF
fluctuations that hsve deiied all prudent. iore.thought,
and rendered the pursuits of business but q game oil
hazard.
medy ia imperatively called for. Ii must be a war OF
races-of the laborer against the bank barOn-of the
honest man against the stock gambler-Of justice
against fraud-of the precious metals against bank
paper.
its usefuIneaa. II has amply fulfilled the hopes OF is
projectors, who put il forth amid a storm of obloquY
and who encountered the direst vengeance OF the
hanks and their minions. Had the many millions OF
gold which for years past have passed INTO The v8ulfs
of the government, and been paid out to the public
creditors, been deposited in te banks, paper issues
based upon them, and discounted ON, how much
more disastrous would have been the financial crash
we have Just witnessed!
.sWe want the same useful auxiliaries to be adopted
by The several State governments. This would great
" diminish the power Of their banking systems for
harm, rs it would materially lessen the means on
which TO base thei: expansions and speculative ope
rstions.
"a few DAYS since we expressed our convictions that
the adoption of the ExcHEaUER plan, so far IA to re
ceive gold and silver on deposite, aud issue treasury
certificates therefor, 10 circulate ~ money, would
furnish us with a safe and sound currency, on the
specie basis, combined with the convenience Of pc.
per. We propose 10 further urge the consideration
of this measure by the Democracy Of tie country.
Looking, then, to the paramount Importance OF
securing to the people the benefit of n sound circu.
hitting medium, We must, as Journalists, seek to act
with that party to which we can look for the carry
ing out of that great reform. Ii is needless TO add
that to the Democratic party alone can we appeal on
this issue.
The antecedents Of President Buchanan are be
fore the country. He ia upon record rs the eloquent
advocate Of the constitutional currency: His long
experience and practical knowledge Of public and
private business eminently fit him for Just action III
all matters of national finance; and ws cannot doubt
that his wisest counsels will preside over the choice
of remedial measures called for by the public emer
gency.
ave, therefore, in full view Of the whole ground
deem il a duty paramount to mere personal consider
atoms that We sustain the democratic administrator
of the natien. so far forth as it shall, in our humble
Judgment, truly respond to the requirements Of the
democratic masses. This explanation must suffice
for the reasons which have impelled US TO displace the
republican State and county ticket lately at the head
of this column with that Of the democratic party"
Thousands and thousands, we have 10 doubt. will
gladly follow the patriotic example OF the Republic
The indications are becoming brighter and more nu
merous of a delivering triumph tor the democracy Of
the Empire State at the election next month.
TWysbjnclOg Nu,Du.