The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-07-03
The New Party Movement at Washington
and the Administration.
From the Herald.

From the Herald
We learn from Washington that an address to
The people of the United States has been agreed
upon by the Democratic and conservative mem
bers of Congress, that it is now being signed by
them, that it fully indorse5 the proposed
national convention Of conservatives 10 be held
at Philadelphia August Il, and urges particpa-
tion in its proceedings, and finally, that this
forthcoming address will be headed by the
names of Senator Guthrie Democrat), of Ken.
lucky, and Representative Nibiack (DemocraD,
OF lndiana-the grand idea Of this movement
being fusion or cooperation in the approach
Ing elections for Congress of all the opposition
elements against the party in power.
On the other hand, it appears that within a
Jew days past series OF CauCuses have been
held by the leaders of the radical party OF Con.
gress, and that they have agreed to ''call a
convention OF the States now represented in
Congress early in September, ar some place
yet to be designated, which convention shall
fix platform for the party now in antagomsm
TO the Executive; and put in nomination General
Grant, as the radical candidate for the success
sion. 1t further appears that it is the purpose
OF the radicals strenUously &c resist any and
every movement designed to give to the eX-
cluded Southern States a voice in the Presi-
dental contest of 1868; and hence this early
movement to secure the name and cooperation
in this scheme OF General Grant and the army.
Here, then, upon one question at least, are
two strongly defined antaeonistiC party move
ments Tor the next Presidency, and especially
designed for the preliminary work of the COM
ing elections for the next Congress- The Demo.
Gratis and conservative johnson Republicans
stand forth for the immediate readmission toto
Congress of the lately rebellious States, and of
course for their participation in this next Presi
dental election The radical Republicans hold
the ground that the excluded States are not
sufficiently reconstructed to be readmitted into
the Government, and "old Thad. Stevens and
his followers are undoubtedly resolved to eX-
clude said states, at all hazards, from any voice
in our national affairs until after the election
of our next President. This is the main issue
between Thaddeus Stevens and Andrew John
son and between the opposing elements which
they represent.
But this question must be determined by the
states now represented in Congress, and in these
States, ii we may judge from the last Connecti-
cut election, this issue will not be sufficient for
the defeat of the Congressional Republicans
The old antagonists against Rebels and Copper
heads are still strong among the rank and file of
theUnion partyof the war. Some thing more then
than the Immediate restoration of the South To
its constitutional relations IN the Government is
needed for the platform of this national johnson
party movement; and it is wanted from the
administration. The present Cabinet holds the
Executive in subordlnaton to the radical faction,
and while it is continued the idea of an effective
popular johnson campaign against the radicals
! appears to us perfectly absurd. After the
fashion OF General Jackson, therefore, in cutting
| loose from Calhoun Mr.. Johnson's position de-
mauds the bold proceeding of a complete recon
| shuction of his Cabinet,
| And still another Jacksonian stroke Of policy
| rs needed in a requisition upon England Tor
! the indemnites due for those aforesaid Anglo
| Rehel spoliattons upon American commerce.;
| ana sui another upon the great money ques-
! tlon OF the day. With all the efforts of the
radicals to keep the negro question in tle
| foreground, 1t must very soon be OYershadoWed
| by the magnitude of the money question in
! prices, taxes currency, inhations ETC., all over
| the country. President Jackson secured his
| reelection from his declaration of war against
| the old United States Bank and its branches as
| constituting financial monopoly dangerous
| to the liberties of the American people. The
| people rallied to JacksOn's support and that
| terrible bank monster, with its thirty millions
OF capital, was put Wn. But ''0ld Hickory
in attempting to supply the place Of that
dreaded national bank with his pet bank sys-
TEN, only went from bad to worse as was
proved first in the facilities and in the rage
for speculation which followed, next in the
grand financial collapse and revulson OF 1887,
and then in the flooding of the country with
irresponsible and worthless shinplasters, the
issues OF cities, villages, corporations, factories.
distillerles, grocery stores, and crossroad
tayems. Hence the tremendous popular reyul-
sion against Martin Van Buren and the Demo.
cratic party in 1910.
Now we contend that the elements as
monopoly held by the old United States Bank
put down by Jackson, and the clemens of cor
ruphon, financial ruin, and universal distrac.
tion developed in the "pet bank" system put
down with Martin Van Buren,, are al embodied
IN the pet bank system of our present national
banks. All the evils, all the dangers of those
old pernlclous financial experiments, we say,
are twenty times over embodied in our existing
national banks. Their name is legion, they are
| still increasing, and they are corrupt from first
| to last. In the privileges of their circulation
! they take, we may say, from twenty-five to
thirty millions Of money annually from the
| public treasury: and altogether they form
moneyed oligarchy compared with which "Nick