The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-26

NAAASSA AO, lCOl. lt1x AE
the progress Of q government in the path Of
danger is by stopping the supplies. The Last
Congress did not enectuslly do this, as 1t ought
to have DONE 1t did not impose direct tax,
but 1t authorized loan, which viii have to
be paid, both principal and interest, by d.
rect tax hereafter. Now, the capitalists of Wall
street can completely stop the supplies, by re-
fusing to take the loan, and thus compel the
government to compromise. Let them hold
meeting and pledge each other to decline lend
ing any money to the administration till it
agrees to enter into negotiations for peaceful
settlement of our national troubles, and take
such measures as will prevent the border States
from seeding, and ultimately induce the Con-
federate States to return under the old flag once
more. Then will large imports and ample
revenue be restored under q proper tariff;
there will be no bloodshed, no civil war, and
there win be no necessity for loans; the bust
ness world viii go ON its way rejoicing, and
peace and prosperity viii again abound from
the ST. Lawrence to the Gulf, and from the
Atlantic seaboard to the shores of the Pacific.
AN EXTRA SESSION OF C0NGREss-WHAT
WILL IT. Do?-Our mercantile fellow citizens,
who are enjoying the peculiar blessings result
Ing from the coming into power of q regular
Northern antislavery administration, are be-
ginning to be somewhat elamorous for an extra
session Of Congress. They seem to think that
an extra session is the one thing needful to re-
ieve them Of the burden Of this Morrill, tariff
bill. We fear, however, that our suffering
merchants and Wall street ananciers would
realize in an extra session of Congress the truth
of the old saying, tout of the frying pan into
the fire." Suppose, for instance, Mr.. Lincoln
sheuld issue his proclamation calling Congress
together at the end Of sixty days, what sort of
Congress would thus be convened! 1t is a
fixed fact that there are seven States out of the
Union, not one of which would pay eny more
attention to this call of President Lincoln than
if 1t were made by the President Of Mexico.
Thus vacant seats in tAe House of thirty-three
ant-repubiican, anti-high tariff members,
and in the Senate of fourteen members of the
same description, will leave the republicans
and Northern tariff men in full possession OF
both branches.
To make the matter worse, Arkansas is. on
the high road to secession, and some others
of the Southern States which have
not yet seeded would probably refuse
to put themselves to the trouble Of
special elections for an extra session of Con-
gress, in which they could only be useful in
making up q quorum for the benefit of the re-
pablican party. An extra session, thus thrown
into the undisputed possession of the republi
cans, would result, not in a repealef the Nor
rill tariff, but in nothing better than such
amendments as are necessary to simplify 1t and
other. 1t is probable, however, that the pro-
tectioniss, with the game in their hands, would
not stop here. They night-and we have some
warnings that they will, If called upon-give
our eroaking merchants King Stork.instead of
King Log: the tariff Of 1912 instead Of the Nor
rill BILL Worse yet: We are warned against an
extra session, because it may involve the
abolition of the warehcusing system.
Northern men, Eastern men and Western
mon, interested in other cities and towns, enter
tain common feeling of hostility to any
government measure which contributes to the
prosperity of New York. Upon this common
ground Of common interest againAt jas, North
ern, Eastern and Western men can be brought \
to the repeal of the warshonsing system by 81
few willy politicians. We must remember, too,
that there is no love lost between Ito republi
can party and the city of New York. So, If, en-
the other tack Of high protective duties, fanati-
cal protectionists should move to damage %,
the republicans of the. West will have no
objection, because they, can smugsle up he
Mississippi river all the goods they want with
out paying any other than the low dates Of the
Confederate States. The simple TRUTHS hat
our New York city merchants are in for it; but
they know something of his intentions. The
true remedy for all th0ee troubles which affect
the country Is the overthrow of this destruc-
tive republican party; and this must be the
work of the people of the Northern States. In
the meantime we would impress the idea upon
our merchants that Al extra session.of repub
hean Congress, instead of making matters bet
ter for them, would only make thom worse.
A NAusEArrNa. DosE.-NearlF thirty years
ago Messrs. Tappan Hale and lia;aock set up
an anti slavery newspaper in tho city Of New
York. Instead Of publishing the news. they
devoted their columns to details Of alleged,
cpuelties pracNeed by Shareholders upon the:z
chattels. A beser attempt at political demorali-
zation was never attempted, and the worst
publications of French sanscdottes wri-
.al