The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-03
The Political Situation-Our Financial and
Industrial Prospects.

The Political Situati0n-Our Financial and
Industrial Prospects.
The extraordinary result of the Tennessee
election shows not only the present and future
political situation of the country, but points
out to US as we'll our financial and industrial
prospects and the course we should pursue
with regard to them Taking it for granted
that the republicans will carry tho rest of the
Southern States, as they have carried Ten
nessee, and that there will be no reason or
motive to keep tho South unrepresented in
Congressional, in fact, the republican party
will have the strongest motive to strengthen
itself by the prompt admission Of allies from
the South-we may expect the full restoration
of that section as soon as the States shall have
passed through the form Of reconstruction pre-
scribed by Congress. This will be accom-
plished, probably, next winter or by the
spring, Just as the Presidential campaign will
look forward, then, to a thorough settlement
Of our sectional political troubles through the
election of General Grant the November fol-
lowing. His election to the Presidency, follow
ing Immediately after or at the same time with
the restoration Of the South, will close up the
war and the abnormal political state Of things
which results from it. That will be the end Of
the present and old order of things and the
beginning Of new political era on other
issues.
The financial and Industrial interests Of the
country will then loom up and overshadow all
other questions. During the interval between
the present time and the settlement OF our poli-
cal troubles in 1868, Congress and the coun-
try will be occupied with that to the exclusion
of almost everything else. There will be no
time to take up and treat in proper manner
financial questions or questions affecting indus
trial matters nor will there be much DISPOSE
ton to do 80. Besides our public men are not
these at present nor could they legislate upon
them satisfactorily while their minds are alb
sorbed with political matters and the next
Presidency. 1t would be better, therefore, to
| let the currency and all other weighty ques-
| tons Of a financial character alone till after
| restoration and the election of President
next year. Nor would 1t be just to legislate
/ upOn tncSe uli tueu, iOI tuc Va ioituiui
supporters of the dominan. party now in the
| South the negroes who cultivate the soil
should have something to say, through their
representatives, about the oppressive cotton
| tax and other measures that bear Heavily upon
them, and Of which they already complain.
| Let the whole country-all the people Of each
section-have q voice in the important ques-
| tons affecting their material interests.
| In the meantime, the South Is recovering
and will continue to recover, from the pros
trate condition 1t was left In by the war. The
| people are raising provisions enough for their
own consumption and will soon have some to
spare. They ore cultivating, also, on a larger
scale, those valuable articles of export, cotton
and tobacco. In o material point OF view
everything looks promising in the future. But
it is not only the South that presents fatterins
prospect the whole country is hive OF indus
try; everywhere there is promise OF an abun
dance, and 1t is evident that, with the settle
ment Of our domestic difficulties, we are on the
eve Of an extraordinary material development
such az the world has not witnessed before
Let us have no tinkering, then, with the ma
tional finances and material interests OF thu
country. We can go along well enough till op
political troubles he settled. After that Con