The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-10-24
THE PROSPECT IN NEW YORK ANOTHER LARGE
SECESSION FROM THE BLACK REPUBLICAN

SECESSION FROM THE BLACK REPUBLICAN,
RANKS.
We have ON more than one occasion briefly allu-
ded to the existence of serious division in the
blaekrepublican 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 idelity but led
astray by false lights, false issues, and the wild
shrieks of fanatics, bigots, and demagogues, they
have for some time voted with and been part of
that political organization which acknowledges the
lead and submits to the dictation of William II.
Seward. Opposed, as they were, to the peculatons,
frauds, and corruptions which have marked black
republican rule everywhere, and which have sullied
the once bright name of New York, and brought her
to the very verge of bankruptcy, it not until
fearful financial revulson had been felt from one ex
remity of the Union to the other that these honest
but misguided men turned to the party of their an
cient faith and early attachments for that patriotic
counsel and action without which the constitution
would be mockery, and our glorious Union a mere
rope of sand
The Buffalo Republic, the acknowledged and eff
cient organ of what is usually called the democratic
wing of the black-republican party Of New York,
has formally and emphatcally dissolved all connex
ion with its late political associates, and has
nounced its intention in earnest, eloquent language
hereafter to act with the great national democratic
party. We give below entire that portion OF the
Republics article which relates to the which
have impeIIed its conductors to take the position
which they now assume:
Underlying all other interests social, political, and
governmental is the fundamental proposition of good
currency 1t is the incentive and the reward of labor
it is the blood of trade it is the bond that binds
people together ii is the wisest achievement of just legs
lation. -.rarEE..# hs.f.H ....
1.-THE money crisis which is upon has starngly de-
veoped the dangers which the people of this
try have been slumberng. The volcano which vents
forth its fearful tide of lava upon smiling fields around
its base spreads wider devastation in its avages than
has the banking system of this Union within few short
weeks Yet this disastrous result, widespread and ru
nous is shows but 1.-THE of the evils that have
been suffered from this cause year after year. by the pro-
ducers and dealers of the country The wages of their
labor and the value Of their property have been the
sport of fluctuations that have deed oil prudent fore
thought and rendered the pursuits OF business but agame
of hazard
These evils have become monstrous that remedy
is imperatvey called for 1t must be of racesof
the aborer against the bank baronof the honest man
against the stock gambler against audof the
precious metals against bank paper a..a. s
The independent treasury has nobly demonstrated its
usefulness 1t has amply fulfilled the hopes of its pro-
jectors who put it forth amid storm of obloquy, and
who encountered the dest vengeance of the banks and
their minions Had the many millions of gold which
for years past have passed into the vaults OF the govern
ment and been paid out to the public creditors been de-
posted in the banks paper issues based upon them and
discounted on, how much disastrous would have
been the financial crash we have just witnessed g
We want the useful auxaries to be adopted by
the several State governments This would greatly d.
nish the power of their banking systems for harm as
it would materially lessen the which to base
their expansions and speculative operations.
"a few days since expressed convictions that
the adoption of the an 80 far as to receive
gold and silver deposte and issue treasury certificates
therefor to circulate money, would furnish us with
safe and sound currency, on the specie basis combined
with the convenience of paper We propose TO further
urge the consideration of this measure by the democracy
of the country" .a
"Lookng, then, to the paramount importance of Sc
curing to the people the benefit of sound circulating
medium we must journalists, seek to act with that
party which look for the carrying out of that
great reform 1t is needless to add that to the demo-
cratic party alone appeal on this issue
1.-The antecedents of President Buchanan before the
country He upon record the eloquent advocate of
the constitutional currency His long experience and
practical knowledge of public and private business emf
nently fit him for Just action in all matters of national
finance and cannot doubt that his wisest counses
will preside the choice of remedial measures called
for by the public emergency. ..aA .......s :,
ave, therefore, in full view of the whole ground,
deem 1t duty paramount to personal considera
tons that we sustain the democratic administration of the
nation far forth itshall in humble Judgment
truly respond to the requirements of the democratic
masses This explanation must suffice for the reasons
which have mpelled to dspace the republican State
and county ticket lately at the head of this column with
that of the democratic party ... .....
4 Thousands and thousands, we have no doubt, will
gladly follow the patriotic example of the Republic.
The indications are becoming brighter and more nu
merous of delivering triumph for the democracy of
the Empire State at the election next month.