New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-04-27
THE TWO PARTIES.

intelligibly describes the Democratic party. l,
often used to be said that there was no difference
4 between the two partes-that both aimed at the
i good Of the country, differing only as to the means
of accomplishing their object. really impartial
observer might say the same thing now. The mo,
mcnt We firmly grasp the great truth that political
opinions are quite separabie from the moral char
aeter, and that man is not necessarily a wretch
whom Il were base fattery to call villain, simply
because he differs with us on some public question
we shall have no difficulty in admitting that both
of the great parties which now contend for s1
4 premacy equally desire the good of the country
as they understand it. But precisely there lies the
whole question. It is the method that constitutes
| the difference.
The Democratic party, as the World very Justly
says is the party of reason not of passion of the
concrete, not of the abstract of liberties not Of
iiperty. 1t aims to let men alone as severely as
possible. 1t does not pretend to any SUPERIOR
science which will make gold ont of leaves: il
knows of no arithmetic which will make five out Of
TWO and TWO; 1t does not pretend to any chemical
soap which will wash the Ethiop white and it be-
heves that the great law of society and govern
ment IS the law of Justice. 1t deduces its policy
from an observance Of the facts and phenomena
OF society, and processes to be guided by law de-
veioped IN the domain Of sociology, of ethnology,
or OF trade and finance. For these reasons, and not
py any means accidentally, it is the party of free
Trade and OF State rights, and for the same reasons
recognizes the material distinctions which exist
DesWsen the black race and the white race. 1t
does not attempt to solve the important
problems which the juxtaposition of those two
ihcoagrueus races has produced, by the applca-
non OF the vague generalities the high sounding
ana dogmatical first principles - of the New
england school; but by coordination and a
raEonai generalization into some sort of system of
tne Phenomena thus presented. In short, to re-
peat the Worlds proposition, the Democratic
party IS the party of the positive in opposition to
the semi-metaphysical, semi theological ten
denotes OF the Republican party. 1t therefore
represents that genuine progress which ought
properly TO characterize the efforts of modern DO
tcal science, and is, therefore, justly entitled to
the name, its right to which is so vehemently, and
often so passionatey disputed by its adversaries.
But, to proceed with our New York contemno.
rarY, just at this moment all these notions seem to
be mistaken, /" and until they shall be proved by
experience to be correct, the Democratic party is
naturally and properly in the minority" Far bet
ter, however, an honest minority than dishonest
majority far better small party of convictions
than large party of accidents. Therefore it is
that the Democratic party is perfectly right in
refusing to dissolve its organization in order ia
accommodate the few ambitious leaders and the
few vaciilating voters who call themselves con
SENTATIVE Republicans In fact, as long as those
people insist on the absurd, untenable unjust and
retrogressive system involved in the test oath law
wide gulf separates them from the Democratic
party. As long as they maintain their present
attitude in relation to that measure, they show
that they do not understand the true method, and
that they are incapable of rising to wide general
ization of political and social phenomena. Thence
their claim to substitute their party for the Ma
tional Democratic party becomes simply ridicu |
lous There is nothing to prevent them from Join
ing the National Democracy, if they are SO dis. |
posed. but there is everything to prevent the Ma |
tional Democracy from going over to them.
- - y -
FrSAScIAL AND COMMERCIAL Summary |
The movement in Gold yesterday continued re-
stricted, but rates advanced fully 1909ll 49 cent
nevertheless owing to the heavy improvement
reported in rates at New York, and to the decline
Of 4@1t u cent. in United States 52O's at London
on the 18th INST, as advised by the steamship City
OF BOSTON The closing quotations this evening
are l@l2T2 against 1851 1l2s,, which were the
ruling figures yesterday.
foTesgl EIchdnge-- Transactions in Sterling
md Francs exhibit an advance since our last of
uliy idg2 " cent. all round, which is exclusively
Tue to the falling off in the supply resulting from
he partial suspension Of cotton operations, the
eayy Improvement in Gold and the depression in
United states securities abroad, which latter is re-
erred 70 above. Offerings yesterday were Of al
unusually restricted character, as several pronin-
MT parties refused to draw upon any terms, and
ne demand was at no time active in general, as
aost ~ tie leading purchasers refused to operate
y the enhanced figures demanded a fair amount
y business TRANSFERRED, nevertheless aud the mar
'et closed firm at the subjoned revised quotations,
M BANK Sterling l5T@lSs clear bills l341al36;
olii q lading bills A9l3sa bank Francs 4I5f.
sg4 . iasf., aud outdoor Francs A. 4f004.I6f.
g. domestic E1ctange Rates Of Domestic FIX.
cAange disclosed still further advance Yesterday.
ana TAR amount Of BUSINESS TRANSFERRED mos lin
az ankshowever, as outdoor offerings continued
exceedingly restricted. The Improvement during
the day was fully l@s. u cent, and the market
closed very firm at 3@9 y cent. premium at
Dank, and s@a Ta cent premium out Of doors for
sight checks on the Northern cities. agag III s
i Bons Notes and Secn,it There is no ma
terial alteration Of any kind to notice in the move
ment in the issues of the several banks in liauda
lion. offerings still light and are readily al
'orbed fat steadily advancing figures Transac
ions insecurities continue heavy, and all Of tie
better descriptions still exhibit a rapidly upw ard
Sales yesterday comprised several
round amounts Of City Railroad, Gas Light Com
pany, and shares of most Of the chartered and \
rec banks at extreme figures as will be seen on
efernce to our financial article III another column
Cotton 0perations in, the leading staple still
'ontnne partially and almost wholly suspended
offerings are very light and the demand cannot
,et be reported as much better than nominal The
'eayy decline at Liverpool ON the 18th inst. as
BY the steamship City Of Boston, caused
'uyers 70 offer extremely low figures, while the
dyance in rates Of Exchange, the falling of In
eceipts OF Cotton at all Of the ports, and the I'M
tenor Of adyices of the growing crop,
ave tendedto uphold prices in this market. which,
oWever, disclose decline Of fully 2@sc. 10 Ii. i
tae rifiing sales of the past two days although
may prove difficult to obtain round or even run.
ng lists, or to Gil heavy orders on similar terms. Y
sugar and -Molasses There is no material alter.
ION TO notice under this head. The demand and N
pply rule as heretofore, aud prices continue as
oted in our last. v
Weste5is Fsodstce-Rates Of the better grades Of N
luf are firm and tend inward %Uh;la Iii an. 81