The national Republican., 1867-01-29
AN AWAKENING.

The sounds OF warning TO congress against
its rash legislation are swelling into chorus
which will soon make itself heard in the
Capitol. Every mail brings us piles Of ex-
changes filed with alarm at the tendency Of
public affairs. The article below, which we
copy from the Albany Evening Journal, a
thoroughly Republican party paper, and one
which abuses The PREsrDEST as heartily as any
radical could desire, reflects the sentiment
Of all thoughtful men in the North respect
ing the ruinous policy Of the demonstrative
"leaders" in Congress:
"sIoSs OF PANIC.
The daily figures Of the New York mar
ket report show that there is considerable
perturbation in the financial circles Of the
metropolis, and an evident distrust on the
part Of capitalists with reference to in
vestments. This is shown not only in the
rapid fluctuations of stocks, but even in the
quotations of staple goods, which have
grown almost as variable as fancy stocks.
Several important mercantile failures are
announced as having occurred during the
week, and these are followed by smaller sus-
pensions in various portions Of the country.
There is no sufficient commercial reason
for such state OF affairs as now exists, or
for the dangers which were threatened as
consequence. Money is abundant-more
plenty than is required by the necessities of
trade. The public demand has not dimin-
ished, but, on the contrary, rather increased,
since the opening Of the year. The secur-
ties Of the Government are surely stronger
now than they were year ago, and ought to
have been made more valuable by the ra-
pidity with which the public debt is being
met, and the certain prospects Of q speedy
reduction Of taxes. 1t is we'll remarked
therefore, that the prevailing trouble is not O
real, but sentimental panic.
THE cause Of the difficulty is probably tc
be found in the uncertainties with reference
to the future course Of Congress on the ques
tion Of impeachment. A very great ant
general distrust Of the temper and senti
mcnt Of that body is beginning to prevail
The mad and misguided men who have taker
the helm of state, seem determined to driv,
the craft upon breakers which every clear
minded observer sees looming ahead A
leading dry-goods merchant of New York
said to us yesterday: I would willingly
draw my check for hundred thousand dol
lars as a bonus to any benevolent institu
ton il the House would tomorrow dismiss
the subject Of impeachment This expires
sion shows how intensely business men ART
feeling upon this matter, and what misfor
tunes to the country they are anticipating
as consequence IL the extreme measures
now under consideration by the more ex
treme leaders shall finally be adopted. Anc
II Is painful to feel that these apprehension
are not altogether unfounded There is I
positive hazard that, against the sober judg
ment Of the body, Congress will be abso
lutely forced to prefer bill Of impeachment,
unless the wise sentiment Of the country in
opposition to that step is concentrated and
brought to bear upon its Representatives
Should this insane course be adopted there
will be something more destructive than Q
sentimental panic. ALBANY Evenins
Journal. Jan. &C.