The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-03

0usPenSaou OF vas hrtAS1nS DAnk-SOm-
mencsmsat OF the Politico-Commsrcisi
Crisis.
The city was thrown into considerable panic
yesterday by the sudden announcement OF the
suspension OF aAe Artisans Bank, from which
Institution the Ory Chamberlain, Mr.. Piatt,
(who is also President Of The BANK withdrew
the city funds, and deposited the same in the
Park Bank. 1t has been known for some time
that the Artisans Bank was in some diticulty,
and it is a fact significant Of the times that its
troubles did not arise from any legitimate com.
mercil cause, but from purely political cir.
cumstances
This is but the beginning of the poitico.
commercial crisis which is the certain conse-
quence of the present disturbed condition of
the Countrywide uncertainty Of the future
prospects Of the confederaGy in view OF Mr..
Lincolns election, which seems to be accepted
on all sides as foregone conclusion. and fear
of the disruption Of our whole system, COM
mercial and political, of which evidences. too
strong to be doubted for a moment, are fur
nished every day in the Southern States.
1t is a matter of grave consideration that
even at this early period-before the issue of
the coming election has been put on trial
practical illustrations of the direful conse-
quences of republican success should be pre-
sented to Us. But, as we have said, the suspen.
sion of the Artisans Bank is but the commence
ment Of q revulsion which we fear is about to
be felt all over the country, if the conservative
masses do not rise up in their might, and at the
ballot box in November next lay the foul spirit
of sectional despotism which Mr.. Seward is
heralding throughout the country, and which Mr..
Lincoln is pledged to enthrJhe at Washington
in the event of his election, like another Lucfer
in Pandemonium. The panic of yesterday is
but as q speek of vapor in tropical sky
foreshadowing an approaching tempest. The
political crisis at which we have arrived is not,
as in many former times, merely the turning
point of fortune for this political party or that:
the question involved is not whether this set of
politicians shall command power and spoil or
the other set, but whether the whole fabric Of
the Union is to be levelled; whether the consti-
tuition Is to be ignored; whether the commercial
prosperity of the country is to be demolished;
whether we are to live at peace as brethren
united by common interest and a single des-
tiny, or to drag out a miserable termination to
the American republic in internecine warfare.
Such are the questions depending for solu-
ton upon the result Of the present contest.
We see the first symptoms of danger in the ex-
element which visited this city yesterday; and
this is but the beginning of the end.
If the black republican party should be
elevated to power, and the programme of Lin
coin and Seward be inaugurated, we will see
the banks at the North suspending the mer-
chants smashing up, the factories closed, the
shipping rotting at our wharves; and in the
South the consequences may be still more
serious the railroads thrown into disuse, and
civil strife raging over the fair domains Of that
beautiful region. Let us take heed in time let
the people, forewarned by the evidences of
coming trouble around them, leave the politi-
clans to pursre their tortuous course of mis-.
Chief and come forward in mass to save the
from the disasters which menace II by
the election Of some conservative man to the
Presidency.