The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-03-27

them. They lost six millions last year. A
greater blunder on the part Of directors could
hardly be pointed out 1t was an oversight
rather costly to the stockholders. And now
the directors boast that under their manage
ment the stock is above par. In greenbacks 1t
may be; but in specie valuation-the only
true measure of value-it is far below par.
Tho Counectlcut Election-What IL the Issue
The party journals Of all stripes are greatly
distressed about the Connecticut election. The
Tribune, Times and World particularly are In
the direst trouble. They want to aid and assist
in every way their particular friend, the show
man but while they are trying to do SO they
are greeted with such fearful moral stencil
Of thirteen years. standing that they hold their
noses and look in another direction. II is
most amusing to see these partisan journals
squirming and wriggling and making ugly
grimaces, and swearing that there is very
bad smell floating about as il long pent up
sewer had been opened somewhere.
The truth is that the partisans and party
journalists are 80 narrow-minded and 80
cramped in their intellectual faculties that they
do not comprehend the full dimensions of any
great question, and, least Of all, the real issue
of the Connecticut election. The issues Of the
war, which involved the abolition of slavery,
have been finally settled by the war itself and
by the amendments to the constitution and
the guarantee of suffrage to the negroes in the
South. Nor is this all. The military leaders
of the late rebellion, such as Wade Hampton,
General Longstreet and General Lee, are salts
fed with events as they stand. They counsel
obedience to the laws of Congress and recon-
mend all sensible efforts to hasten the recon-
struction of the Southern States and their
early representation in Congress The
South, in fact, has graclously caved in.
Therefore all the issues of the war are
closed. There is no connection between
recent events and the election in Connecticut.
What, then, is the issue? There is no poll
teal question involved in il. 1t is essentially
a moral issue, and nothing more. The repub-
licans Of that State, in their pride Of power,
made terrible mistake in dragging out Of the
theatrical sewers and the museum sewers one
of the most unfragrant subjects that was ever
inflicted upon a political party and presented
to the SUMS rays. 1t is q pity that this party,
which has accomplished SO many reforms,
should have abandoned its noble, glorious
record in making its nominations 10 play the
scavenger for one Of the lowest specimens of
political corruption.
In New York the political corruptionists Of the
old democracy Played the same rSs By taking
. candidate from tic gambling houses and
pugilistic drinking saloons 10 be their principal
representative. The manner In which this case
was worked Ii curious and Instructive. Nor
rissey supported pretty fair man for Cover
nor, who in turn supported him tor Congress;
but it happened that poor Hoffman was left in
the Mrch, while his friend saved himself by
going to Congress " to point . moral and adorn
q tale"
II is very singular that the republicans Of
Connecticut, who for the last six or seven years
conducted themselves SO nobly, should descend
to the level of the Pewter Mug democracy of
New York. This is the real point Of the Con-
necticut election, and although the partisan
journals may try to hide it by all kinds of
devices and side track arguments they cannot
do it,
Barnum has added to his travelling mpna-
gerie great many new curiosities among his
stamping orators; Carl Schurz and multitude
Of others, known and unknown to fame, as
varied in their origin and characteristics as
the nondescript animals which could be
seen for twenty-five cents at the show
mans show but with what small result!
This ignoble campaign may demoralize the
whole party and result in the loss of the entire
republican State ticket. II is probable that
General Hawley-who carries Barnum, like
the Old Man Of the Sea, on his shoulders-wil
be defeated. and Mr.. English will be elected
Governor-that is. if the copperhead demo-
cratic leaders do not interfere, and if they do
they ought to be set aside peremptorily. Per-
haps the Snowman may be trying to get the
old ring-tailed copperheads to go into the
canvass in order to help him along by their
ill-timed apparent opposition-such men, for
instance. as Toucey, Tom Seymour, Eaton and
others of that class, whose advocacy would
destroy any cause, in the present complexion
of politics. II may be the small showman's
only chance of success to get these men into
the ranks Of the opposition. But supposing
that General Hawley is beaten and English
elected, the result cannot be regarded either
as defeat for the republicans or victory for
the democrats. In no sense will IL be party
victory. II will be trial Of the appreciation
in which morality Is held in Connecticut-a
test Of the moral sense Of that State which is
now in conflict with the corrupt politicians
Of both parties. The Issue involved is, there
fore, not a political, but moral one. It has
little connection with the success Of parties,
and none at all with political principles.
The City Chamberlain md the City Funds.