The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-05-25

| lutely monopolize and WELD all the political
| power OF the eleven States lately In revolt, with
| that OF Kentucky, Delaware, and we trust
| Maryland and Missouri,-for we are q majority
| OF the whites in those States, and can unite and
| sway them on the issue of keeping the blacks
under our feet; with this monopoly as dxed
| capital, we can exert an enormous commercial
influence over the politics o. the oli.tlme Free
| States; thus their Copperhead and affiliated
| politicians will be enabled TO carry enough
| Electoral and CONGRESSIONAL votes therein 20
| give, when combined with outs, q majority
thus making the Government our own hence
| forth for wears, and perhaps forever"
The logic OF this new conspiracy runs thuS:-
| 1.-THE States lately in revolt tried to get out of
! the Union but failed; hence, they were never
| out; hence, they have forfeited no right which
| they ever possessed; hence, having laid down
| their arms, they are now entitled TO be repre-
| sented in CongIess, and to do IN all things as
though they had never revolted"
This logic, followed to its legitimate conclu.
| sIons, makes the overthrow Of slavery lawless
usurpatlon, and every exaction or condition in
sisted on by President johnson q naked abuse of
military power. III 1t be Just, rot only these,
but the Congressional test oath, and every ais
ability INFLICTED on the late Rebels, are Invalid
and impertinent -
Governor Seward does not say this In his last
Auburn speech. He simply presents his play of
Hdn1ta with the part of Hamlet" carefully
erased. To the four millions OF loyal blacks
the, one hundred and eighty thousand black
soldiers who presented their breasts to Rebel
bay onets in defense of the Union, he virtually
says, You shall have such rights in the re-.
stored Union as your defeated, humblei cha
erined. wrathful Rebel masters-deieated in
part by your arms-shall see tit to accord you" I"
Is this the pToverbial graf tude of republics
Let us hear Mr.. Stewards own callous evAsive
statement of the problem:-
"Another class OF these partisans insist that Con
gress shall secure the right OF suffrage for the
African race in the States lately involved in rebel
hon. Six months have been, perhaps not unpr 1ft-
alb y steut brlup1Up. Congress- accent the
that the subject of African suffrage has only begun
now to be debated with no prospect hat the assent
OF consu utional number OF Sta es to an amend
ment of the Constitution TO that effect could be in
any way secured throU Oh any form of action which
Congress could adopt at the present time"
Why mo prospect" Governor? Why is it that
the late Rebel States so readily, unanimously
accepted emancipation, and repudiated the
Rebel debt yet not one ofthem has begun to con-
cede that the freedman has any political rights
whites are bound to respect? II is not simply
because the President, with the national sHord
In his hand, peremptorily required the former,
and did not require the latter? What use in
seeking to beiog so plain a matter?
There Is no prospect of the assent of con-
stitutonal number of States" to any right of
suffrage for the blacks simply because they are
told by your master that the loyal States do MOI
exact it. Hence they say, ''If you will only re-
store us, red-handed Rebels OF Yesterday to the
Federal power we forfeited by our treason, on
condition that we allow the blacks, your hum
bic compatriots in our great struggle, to
enjoy equal rights with ourselves, then we
reject your terms, choosing to stay out of Con-
gress till we can come in with flying colors,
trampllng your black allies, IN our discontinue,
under our lee." The spontaneous response of
the loyal heart of the nation is, "Then stay out
and be blest We can stand it as LONG as you
can. When you have cooled your heels sutfi-
clently N the ante.room, come in, and welcome.
You know the terms, and can find the door
whenever you want to-
Governor Seward threatens us with deieatif we
do moi COnSiUn the lON al hiapka tO 10 tnndnr
merces OF the late Rebels. Our answer is short
and simple:-Better defeat and loss of power
than perhdy and dishonor In the natural
course of events, we must IN time give place to
our antagonists. How can we lose our power
more no6ly than by seeking to do justice to
race which never yet has had iustice-which
Rebels and Copperheads hate with redoubled
venom because II powerfully aided to belle their
confident assertions that "The South cannot be
conqueredY Y Every liberal on earth-every
man ill Europe who sympathized with us in our
late trlal-unanimously demands OF us the full
eniranchisement of the blacks. You cannot
find in all Europe one man who calls himself
republican or democrat who is not jealous in
this demand. If we are doomed to fall before
the oligarchy which so long ruled the land with
rod OF iron, why is not this the best possible
issue on which to be diyested of power?
But who knows that we are doomed? Mont
gomery Blair thought he wore our scalp in his
belt when he returned last fall to Washington
from stumping our State for the Democratic
ticket; but he didn't. Governor Seward has ere
now proved napt at prophecy: how can we be
sure that he reads Alright the stars to-day?
We do not care to follow the Premier through
his discussion of the Presidents vetoes, nor OF
the propriety of admitting to Congress loyal rep
resentatives from certain States lately in revolt
These are known to be matters of circumstance
and detail, merely thrown in as make-wei9bts in
the grand controversy. "Has the triumphant
nation a right, in restoring the Rebel States to
their former power in the Federal Councils, to
exact guarantees that its loyal upholders who
are majority of the people in several of those
States, and very large proportion in the residue,
shall henceiorth enjoy equal power and con-
siderauon with pardoned Rebels? Or shall they
be lett entirely at those Rebels mercy"
Governor Seward clearly places himself in line
with the Copperheads and Rebels on this issue.
He will induce but few of those who have
hitherto followed, upheld, and honored him, to
train in that company. Justice gratitude and
public safety combine to dlssuade them. He
talks softly, smoothly, plausibly, but with no
such force and cogency as in the grand old days
when his voice rang over the land with his heart
in it, He is able to darken the future OF the
great and patriotic party which once looked to
him for inspiration and guidance, but the lurid
shadow he casts over its fortunes relIacts no
light upon his own.
The Financial Panic in England Its
Causes and Features.