The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-02


money question and the slavery question. NE
great political parties Of this country have
risen, fcurirhed declined and fallen 10 pieces
! The last money agitation died out with the nnal
overthrow Of Mr.. Gays financial system under
! the bank ve,oe~ OF John Tyler. and since that
| day slavery and niggers. in every shape and
| form, have ruled the roast But this prolonged
slavery agitation IL. in its turn. coming 10 q
close. and once again, In all i's length and
breadth, and height ard depth, the money qaos-
ton looms up in the foreground.
Let the final decision In Congress upon this
Kansas is-ue be what Il may. all that vii lie
left Of this four years agitation and its tremen-
| dous consequences 10 sections and factions and
parties and politicians. viii be the melancholy
list of the killed and wounded. And. settle this
Kansas squabble m you may. the credit. after
ell, will properly belong 10 the firm and iniexi-
BILE course Of Mr.. Buchanan, and his Gxed and
uDalterable resolution 10 bring this troublesome
business TO end. Practically II make~ very lit
| tic difference whether the Leeompton eonssitu-
ton. pare and simple or with this or that proviso
or whether the Crittenden amendment shall be
come the law, or whether Congress shall fall TO
| pass any law upon the subject, becsase the des-
TIMES Of Kansas are in the hands Of the free
State party there, beyond the reach Of any con
| stitution, condition or construction which
Congress may adopt
Regarding this subject therefore, already
| disposed Of and this niger agitation a. al.
| ready exhausted. we look about u 10 zee what
other issues, Of a foreign or domestic charac-
ter, will take the place Of Kansas, slavery. and
the 'slave oligarchy.' In our exterior rels-
tons We perceive that Mexico and Cuba are In
most interesting situation; but they stand out
as yet very dimly, mere purple shadows in the
horizon, like distant mountains through the
hazy atmosphere of an Indian summer day.
They may be nearer to us than they seem, but
| still, under the misty exhalations which sur
| round them, their exact outlines and proper
| tons cannot be defined. On the other haad.
distinct, lofty, vast, rugged grand, gloomy
and peculiar" like the Alps with the declining
| sun over them all the great and comprehensive
necessities and issues Of the day growing out of
the late widespread financial revulsion, rise up
Immediately before us.
The money question, in all its most comprc-
hensive forms and bearings, then, IL the ques-
| ton which will take the precedence with the
| dispersion of the smoke and dust of this Kansas
agitation. In regard to Mexico and Cuba we
must await the ripening of events; but in refe
renee to the commercial and financial interests
and necessities of the American people, of all
classes parties and sections. there is an univer-
sal call for relief 1t is, therefore upon this
broad and general subject of financial and COM
mercial relieffor the present, and financial Sc
curity and uniformity for the future that par
ties in Congress and throughout the country are
most likely to be reorganized for 1860.
The President, in his annual message, has
thrown out some valuable suggestions upon this
money question, which may yet become the
basis for the reunion and consolidation of the
democracy. The Judiciary Committee Of the
| Senate have taken up the matter with direct re-
ference to that enlarged policy Of the general
| government which shall cover . safe and uni.
| form financial system for the whole country.
| And in the discussion Of the general subject We
apprehend that division of parties and party
interests will take place similar to that which
followed the declaration of war by Gen. Jack
son against the United States Bank, aud its de-
pendent local monopolies and corporation aux
iliaries of all descriptions In that tremendous
war Gen. jackson and his party had the advan-
tages TO start upon Of the possession Of the gov
eminent and the spoils Of the treasury-the
power of which was aptly confessed at that very
time in Mr.. Calhoun's derisive observation con-
cerAing the cohesive power of the public plum
DER The whig party, having no other re-
source for the sineWs Of war; naturally fell in
| with the United States Bank, the manufacturing
corporations Of the North, and their affiliated mo-
nopolies Of capital and government privileges In
this way the whig party became sort Of RULED
! shirted moneyed aristocracy, while the masses
of the American people made up the invincible
| legions of the ''ferce democracie"
So at the present crisis, upon general Bank
rupt bill like that proposed by Mr.. Toombs,
| comprehending voluntary and compulsory
bankruptcy, and banks and all sorts of oorpo-
rations. as well as individuals, we think that
something very much like the old Jackso-
nian reconstruction of parties will follow.
The democracy have the spoils and patronage
| of the government; the opposition factions will
necessarily be driven to the banks and rail-
ways and manufacturing corporations for that
material and financial aid" without which no
party can be kept together. Thus the party in
power, as in the days Of Jackson, may within
the next year or two become the party of the
people, as contradistinguished from the party of
the banks, railroads and privileged monepolies
and classes. We speak thus plainly because we
believe the initiative movement in this recon-
struction Of parties to be close at hand, from
the pressure Of the money question upon Con.
gress. and from the manifest tendencies of the
existing parties there TO the old landmarks re-
spectlvely Of the Jacksonian epoch.
At all events, we are In favor of a general
LonlrruIf or roliof Lag x,,hinh nLau ..al..la