The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-10-20


thought that peace would soon DO restored.
The stock market weak and unsettled yesterday
Governments heavy Gold opened at lAeX and
closed at l46
The strngency in the money market continued 10 act
as hindrance commercial transactions yesterday
but the changes in the markets and prices current
not especially important Foreign merchandise was
steady and 6rm Domestic produce rather irregu.
lar Groceries firm, with good demand. Cotton
was Irregular Petroleum frmer. On Change, all
grades Of -four were lower under very moderate In
| quiy. Wheat dull and lower Corn was inactive
and dropping Pork opened dull but closed higher with
| more active demand. Lard nrm, with fair dc.
mand.
Revelation and Anarchy from tho
East
| A stormy petrol il regarded by the sailor as
the courier Of an approaching storm. Espe-
cially when little flock of Mother Cary's
chickens make their appearance in an un-
known sea, and beyond the sight Of land, does
Jack respect their coming as . solemn warn
ing. We are inclined TO accept with similar
emotions the temperance Of Wendell Phillips
in the Gulf Stream Of our political affairs He
is one of Mother Cary's chickens, and the
gathering elements Of storm are not far be-
hind him.
On Tuesday evening last, in the Music Hall
at Boston, this bold pioneer Of the radical abo-
lition faction, Wendell Phillips, delivered to an
admiring audience q lecture entitled "The
South Victorious" the leading idea of which
was an irrepressible abolition conflict with
President johnson upon the everlasting negro
question. Phillips takes this ground: that
estate rights the subordination of labor, the
impracticability of the two races living equally
together, are the principles upon which the South
went out-upon these principles she returns;"
that "not one single rebel State convention has
even uttered one doubtful note upon any of
these points, ''but that "the same men, with the
same theories and with the same elements of
government, are to put their hands on the helm
Of state" The chattelism Of slavery is abol-
ished, and that is all. To this policy of the
South Phillips holds that President johnson has
committed HIMSELF that to the South Carolina
rebels che has made himself three-fourths Of a
rebel, in order that they may be one-fourth
Union;" that the only liberty which he has to
offer to the black Union soldier and all his
race "is the liberty to work." Then, referring
to- the Presidents late speech to regiment of
negro soldiers, Phillips, holding up his pious
hands, exclaims, 20 God, grant that no Jer-
rold, Swift nor Rabelais, with his immortal
pen, hold up that speech to the indignation
and scorn Of the worldV
Phillips believes that President Johnson is
honest, and speaks his sentiments and purposes
truly; that leading republican Senator'S and
journals and State conventions betray the
weakness and cowardice of the party; that the
republican party, in fact, has ceased to exist /;
that there is q spectre walking through the
country in Its shroud, but there is no such
party;" that ait has not existed since the Bal
timore Convention, when it was buried in the
! will of Abraham Lincoln" The members of
the Cabinet, according to Phillips, are dumb and
afraid to speak what they think; there is some
danger that the House Of Representatives may
cave in at the threshold; but, as "the people
checkmated Sherman when he surrendered to
Johnston, the people can checkmate Andy
Johnson when he surrenders to Davis"
Now we come to the issue. Phillips demands
that johnson be checkmated, If we would avoid
the alternative Of "a country dashed by wretch
edness and infamy into new civil war; Do
you own . bank share! l warn you that re-
pudiation is behind the Presidents plan. Are
you merchant, and think, when the laboring
system Of the South is finished, you will have
a crop of cottons Oh, mol You will bave a
harvest of blood !" and this harvest Of blood
I'll ho tbn Of ha
negro has felt freedom, has used arms" and,
continues Phillips, he "holds his hand on
the neck of Mr.. McOulloch and he can strangle
your finances, because the justice of God
makes his fate the measure of your pros
perity."
But what means all this fearful outcry against
President Johnson and all concerned? What
mean these awful threatenings! What does
this modern Cassandra want! He wants negro
suffrage, and right away. He wants immediate
and unconditional suffrage to the four million
Southern blacks just released from the dark
have this, or we are to have another civil war,
the horrors of St. Domingo in the South, "a
harvest of blood" and with 1t reputation and
universal bankruptcy, ruin and confusion.
This is the alternative Of Phillips. We have
had Thaddeus Stevens preaching the crusade
of a sweeping Southern confscation to pay the
national debt; we have had manifesto or two
from Senator Sumner, urging the reduction Of
the Southern States to the condition Of Terrific
ries; we have heard the Rev. Brother Beecher
Bringing the alarm bell" for the inevitable con-
Hict with President johnson; bat Wendell Phil
lips is the only trumpeter Of the whole aboli-
ton Jacobin faction who fully, defantly and
] fearlessly discloses their whole scheme Of rule
| or ruin.