The New York herald., 1865-07-20

would be the Of the President upon thai sbeee
From this starting point the programme OF the chsss pay
has developed step by step HIS speecb"s to he
the South the efforts OF his friends at the Cooper inst
ute meeting the Boston JacobI blow out Jay Cookes
circular declaring the national debt oaak 70 aS
Chase party platform, until the politicians ,ncy VIII
but stop and consider It, easily ascertain tne Issues
direct form that it seems almost impossible TO mistake
their import Taking the Presidents reorganization
policy the hand and the Chase party platform on
the other, We have the party issues aha the princ'
Piles which each will rally their forces under.
PLArroRx op THE CEASE PARTY
First and foremost In tho creed OF THIS party is the
doctrine that the rebellion has oberated ell State laws,
State constitutions Southern States that erA
other words by the very fact of the rebellion the souxh
States have reverted back 10 their original position
before they became States and are without laws snd
therefore, must be held by military force and under
military rule
The next point that the smancpated blacks be
givon the right OF voting through proclamation Of the
sdent and enforced by the military power An effort
has MADE In several quarters TO engra upon this
bait for portion Of the late democratic party the ques
ton Of universal amnesty for all who have been in the
rebellion But this proposition does not appear to meet
with the approval Of the entire radical Chase party
Many or the big lights In the party favor hanging every
white man who had anything TO do with the rebellion,
and placing all the power in the hands Of the blacks
In order that their plan Of universal negro suffrage
may be carried out they OF necessity demand that the
South shall be kept under military rule There s no
other way for them 70 enforce their plan Of suf
ferage To keep the South under military rule for
time 10 come is absolutely necessary in their programme
This also serves another purpose It s well known that
largely upon the influence Of the national banks and the
national debt to aid him In his political advancement.
Many Of those who looked upon JAY Cookies famous
circular arguing that great national debt was a
national blessing, as . mere financial paper, and
treated II H financial mistake, have now
come 70 the conclusion that while the document s issued
under financial pretence, is in fact and reality, de-
signed ~ political document II may have been put
sSdsn to
and that such the prime object Of it's authors As
political document can be used TO sustain the policy Of
governing the south by military rule One is the neces
sary support Of the other In fact the whole system Of
military rule in the Southern States negro suffrage by
proclamation and Jay Cookies manifesto on the bless
ngs Of great national debt are portions Of one and the
same scheme, and interviewer together that II you
withdraw either the whole fabric falls to the ground To
carry out universal negro suffrage by proclamation con-
tnuati0n Of military rule in the South is absolutely
necessary in fact Is the all vital point Without
ing the South by military power will keep the expenses
Of the government TO high ngure and add enormously
TO our present large debt TO make the public
under the burden Of enormous debt and greatly
increased taxation from year to year. It was
necessary for the people be convinced that all this
q national blessing Hence have the manifesto
Of Jay Cooke which has been printed in circular FORM
with spread eagle at its head and sent all over the
Mr. Chases old appontees he belongs to that class OF
politicians The document, which, in fact is Of the
pared by the same Set OF Bohemans which have been
dodging around Mr.. Chase's elbow throughout the
Jay Cooke atnered ii in order that might have better
effect and more influence with the public coming from
recognized government agent and therefore bear the
appearance Of official.
This is Chase's mode Of tactics While he was Secre.
tary OF the Treasury he managed TO his friends in
all the fat Offices Custom House and internal
The result was that every now and then we would see
the latter directly opposing politically some announced
policy Of President Lincoln He is now operating through
the Custom House and internal officials different
and then by these to denounce the reorganiza
ton policy Of the President This gives sort OF semi
osey bs wsy that Jav Cooke i nsed 10 bud IN the
anti administration party Negro suffrage by proclama
tion military for the South and the doctrine that
great national debt national bessng are all parts Of
the same whole and necessary to each other They
the several panks in the Chase radical PLATFORM and the
which shsy 5s TRYING 70 form ~,
machinery OF the republican party and make that sub
their interess Their efforts in Ohio frus-
been tested in any other State yet but they
shang their forces to try their hands ct the coming
State Convention Of the republican party.
Here, then have distinct platform, upon which II
s proposed by Chase and his followers to organize
party vizMilitary rule In the South, universal negro
suffrage by proclamation, enormous increase Of our
national debt based upon the theory that national debt
u . national blessing.
politicians their choice between that and
the sagacous policy of President Johnson
There Is where the issues are drifting and where the rad
: a1s .
mer; but they will make bold fight and bring all the
that they to bear the next Congress
theory that great national debt is great national bless
ing will be specially required TO take quarters in Wash
who VIII write anything for penny line specially
needed. For terms Of engagements they will apply at
the Office Of the Chief Justice Of the United States
week previous TO the organization OF Congress- Their
application in all TO be endorsed by Jay Cooke No
appointment to be made except upon his recommenda
ton. None others need apply.
ErFKcr COUNTRY ADOPTION
NATIONAL DEBT FLANK.
The policy OF retaining military rule as already shown
tc al fha inf tnf
IL is also essential in order TO gain time manipulate the
blacks that the radical party be of their
commenced this work in person. Sumner has written
letter to them endeavoring to prove that the admins
tration and all Of those who oppose their voting or
fuse to consider them the controlling in the South
their enemies. Tracts are also being sent by the
strong minded women and New England Jacobins TO de-
veop the same points more fully. Missionaries
being sent out among the blacks, and q general
scheme OF preparation Is under way, all looking
TO the same object the control Of the negro vote when
they obtain the power. This when accomplished, they
consider renders tho popular vote Of the South in the
next Presidential certain for their candidate
In the meantime something has got 70 be done In the
North and here the theory started In Jay Cooke cir
cular again comes In play The argument Of that
debt into few hands, and thus in'conneoton with tho
banking system, mako great national power. large
increase would have 10 be made 10 taxes many who
now own property would be compelled TO sell, while
those who rented would be obliged pay increased
rent which the landlord would add to meet his taxes
The Of living would increase from the same result
man poorer. The big fsh would up the smaller
The laboring classes would be at the mercy OF tho
capitalists, and the latter would thus become the
pivot Of great political power, which could be made
TO subserve the interest OF the radicals In the North
Thus instead OF great national debt being national
blessing II would be national curse, bcne1ting only
few men, and perhaps enabling Chase TO ride into power
This is after all perhaps. what Mr. Jay Cooke means by
national blessing The reign OF Chase would be
great blessing 20 him and the stock obbers generally
IL that u the meaning OF his argument there Is doubt
but that he Ia correct The triumph OF the Chase party
would bring the country under the rule OF the stock
jobbers They would in that event have millennium,
and even be able TO excel tho slippery operators OF the
Petroleum Exchange which you exposed a few days
since but this Is the movement and the programme TO
control the election In the North Negro suffrage South
great national debt and concentration of capital In the
North.
These structures II must not be understood an
argument against national debt II stands.
The country can pay the amount which II now owes; ;
but s doubtful could stand the increase
which the Chase radical programme would force upon
by their schemes for the south So much for the radical
side OF the question.