The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-24

and people. "All," says the historian, "was
transition, conflict and disorder. The chief
business Of the sovereign was to infringe the
privileges Of the Legislature The chief busi-
ness of the Legislature was to encroach upon
the prerogatives Of the sovereign" At length
James ignominiously fed and lost his throne
The first wish of William was that there should
be concord between the throne and the Par
lament His wish was fulfilled. "The King
at arms, who proclaimed William and Mary
before Whitehall gate, did in truth announce
that this great struggle was over; that there
was entire union between the throne and the
that England, long dependent
and degraded, was again power of the first
rank; that the ancient laws by which the pre-
rogative was bounded would thenceforth be
held a. sacred as the prerogative itself and
would be followed out to all their conse-
quences that the executive administration
would be conducted In conformity with the
sense Of the representatives Of the nation, and
that no reform which the two Houses should
after mature deliberaion propose would be
obstinately withstoOd by the sovereigns." In
all this Is there no lesson for President and
Congress ~ wsll o for King and Parliament
Tho Isapcachmcat Asieafloa In Wall street.
Wall street Is making desperate efforts to get
up an excitement on the question of the.im-
parchment of the President, with q view, no
doubt, to cause rise In gold and help along
other speculations Of infinite variety. If gold
could be forced up to two hundred-which Is
not at ell likely-it would give great satistac-
ton to certain class Of spectators, and they
are just as willing that their object should be
accomplished by raising an alarm upon the
subject of the Presidents impeachment as any
other For this purpose they are using the
party papers in various ways. These journals
are busily engaged in predicting bloodshed,
instruction, a renewal Of civil war, thunder
and lightning and all sorts. of calamities, If
Congress should exercise constitutional right
in impeaching Mr.. johnson. These articles of
the Tribune, Times, Express and other party
journals may probably create some alarm
in the minds Of few innocent people but
we are not In the least afraid that any danger
to our commercial prosperity is threatened by
the impeachment Of the President, or that the
stability Of our democratic institutions will be
in any way damaged by it, as the European
journals and party papers at homo stupidity
infer. On the contrary, it may be regarded as
one Of the greatest triumphs Of the principles
Of our government if Congress can, in strictly
legal fashion, acting in pursuance Of the power
granted to It by the constitution, remove the
Chief Magistrate from of1ce-admitting, Of
courae, that Il Is done "for cause" justly shown
and proven, and npea charges preferred by the
lower House .and finally adjndicated upon By
hsSsnAss; Tor, hy this method alone oan.ths
rsnsvsl BE enthusiastically elected
El6f. Johnssns could only sse that his PEST
tiea NJ Ht&as msss lAaa that Il Prime Nia-
tatsr, tl|ough b aAne known a. President Of
Dc rspubiic, and would act upon the prece-
dents pf history, q We ind them in thu.
English revolution Of 1888, whom the Prime
Minister succumbed to the force Of public
opinion, - expressed by the Parliament, he
would have long ago declared, in . message
to Congress, that he was willing to yield his
own opinions TO the sentiment Of the people, al
expressed ct the late elections, withdraw all
his vetoes and abandon his opposition to Con-
gress, which 30 manifestly speaks the win of
all the States now represented, but whose
views It is evident Mr.. Johnson does not re-
feet, although they are, in fact, the opinions OF
the people who put down the rebellion and
are DESTROYS to see the fruits Of peace realised
as soon as possible. 1t is not asking too much
Of Mr.. Johnson's dignity, We should suppose,
to submit 10 the popular will, so strongly de-
clared by its agents in Congress. The right Of
the people, a. represented BY Congress, TO
exercise controlling power in the govern
ment Is but the exposition Of constitutional
liberty as claimed in England, and substan-
tiated In the time OF the first Charles and the
second James. That idea Of constitutional
liberty was fully recognized by the founders Of
our government, and was hence incorporated
in the constitution Of the United States, in de-
ference to the spirit which animated and gov
erned our revolution.
2 We're II not for the President's obstructions
placed In tho way Of The adoption OF the con-
.sHtniioaai amendment BY the Southern States,
we could reconstruct the South IN the space Of
six weeks IL Mr.. johnson, then, cannot recon
Gle his own views 10 the Wishes Of che majority
OF the people he has the option Of resgning
bis Office, as the prime ministers Of England 50
frequently do in similar cases, or he can yield
his opinions gracefully 10 the convictions which
have been 30 irresistibly expressed by the
people OF all the Northern States, the force Of
which he cannot mistake. Such course would
render the harsh measures Of the Jacobins
unnecessary or impolitic. In any event the
progress and final success Of the impeachment
will not disturb the ordinary course OF things,
no matter what excitement the bulls and bears
Of Wall street or the party newspapers may
endeavor TO create.