The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-23


Iogansport Indiana. on tho lssA inst Five children
were instantly killed and two employees in tho foundry
were badly scaided The boiler was blown upwards Of
eighty yards from Its foundation tho building In which
II was located being completely wrecked.
Wilson. the murderer OF Devoe, at Portage, In this
State. hanged yesterday at Geneseo. in Livingston
county He was most hardened criminal, refused to
allow any clergyman 70 attend him In prison at the
gaows and continued Indifferent his fate TO his last
moment He declared his innocence OF the murder for
which he executed, but admitted having committed
two other murders and boen engaged various vianics
safe in the establishment Of the United States SAM
tary Commission In Philadelphia robbed yesterday
morning OF six thousand four hundred and fty dollars
In government bonds.
The stock market was hrmer yesterday. Governments
were steady. Gold closed at l4sX.
There but little change in commercial Affairs yes
terday the downward turn In gold exerng influence
whatever. The volume OF business was small. Gro
ccries steady with rather lively trade Cot
tom was steady. Petroleum was dull and lower. On
'Chango -four was higher Pork was steady. Beef was
unchanged Lard ruled nrmeE Butter and cheese were
unchanged. whiskey was nominal and lower.
Tho Political Parties or the Future.
The contest now going on in Congress over
the question of reconstruction furnishes some
idea of the issues which win divide the parties
of the country in the future. With the collapse
Of the rebellion and the constitutional sboli-
ton Of slavery ended all the questions which
have heretofore divided the parties The con-
sequence is that VIC now find them in chaotic
state. The events and developments during
mine how the various elements will crystalize
and the form in which they will be arrayed
Sufficient has already transpired to show that
the great line Of division will be the constiiu-
tiOnalists on one side and the radicals on the
other. That the former must by the very ma
ture of things make President JohnssD's policy
their rallying point is evident. The latter will
carry into its columns all who oppose his plan
for adjusting our internal AFFAIRS but the precise
way in which the constitutionalists, who are now
to be found in the ranks Of all parties, will be
drawn together, we must await events TO de-
termine. President johnson having taken his
position, and manifested determination TO
maintain it, the question how those who endorse
that policy, yet were identified with different
parties during the war, will affiliate rests with
the majority in Congress to decide.
There is no one thing more positively estab-
lshed by the history of nations the world over,
as Alison fully proves, than the fact that the
ment, or obstructs its operations when engaged
in war for its preservation, can never again
oh ain ascendency or become the ruling power
in the nation. There is a national pride, an
esprit de corps, among the Masses which causes
them to ever afterwards look with suspicion
upon that party and the men who place them
selves in that position. This has killed the
democratic party, which was so long the great
power In this country. II settles the question
about chat party ever becoming the ruling
power Of this country, except through such blum
ders on the part of the administration party as
the members Of the present Congress were
elected TO their positions while the war was
pending, and do not seem to possess the
statesmanship and ability to enable them to
comprehend the great changes that have taken
place. They are inclined to adhere to the line
Of policy in vogue during the war, and not TO
change with the exigencies Of the occasion,
The adoption Of vigorous measures during
great struggle or war q not only invariably
sustained by the people, but Is necessary to
the life Of the nation. But the moment that
the object for which the war was waged has
been accomplished, another and far different
line Of policy is demanded. This is necessary
10 cement the victories Of war as well as to
secure all its fruits. President johnson was
one of our most earnest Of public men for u
vigorous and relentless prosecution Of the war
while the rebellion existed; but he is states
man enough to realize that the adoption Of
conciliaiing and not radical measures is the
only way to adjust the questions which arise
when the war Ceases This the best interests
OF the country demand. II is because the Pre-
sdont comprchcnds this fact and acts upon it
that he now has 80 strong hold upon the
affections Of the rnasses.
These facts must sooner or later bring about
a separation between the radicals .xSl ki:consti-
tutionalisis in the republican psrtysah Con-
gresa That result is inevitable The coust-
tuiionalists, under the lead of Mr.. johnson,
will be the strong party Of the country. II
may not be the dominant party in this Con-
gress, but It will be at the next Congressional
election. If the radicals manage to retain
majority Of both houses with them in the sup
port Of their policy, then the democratic party,
of necessity, will be the nucleus for the consii-
tutionalisss to rally upon. But If, on the other
hand, q majority Of the republicans in Congress
abandon the radical leaders, then they will be-
come the foundation upon which all supporters
of President Johnson's restoration policy will
rest, and build up the great Constitutional
party ofthe country. Upon this point hinges
the whole question how the parties of the
future will be formed. A separation be-
tween those two elements in the republic
can purity must take place. Such has