The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-11-12


The Late Revolution il che Ciii~--The
Issue in Onr Charter Election.
The result of the recent State elections is
but the foreshadowing Of a great civil revolu-
ton throughout the country that is certain
before long to break up all existing political
organizations and TO merge all other issues in
the important one affecting the pocket Of every
man in the community-debt and taxation.
The large changes in Pennsylvania, Ohio
Massac husetts and other States, like the ami
hilstion OF radicalism in New York, have been
principally brought about by the votes of the
leading commercial cities, such as Philadelphia,
Cincinnati and Boston. The people of those
great centres Of business have been the first to
foresee the effect Of the measures OF the repub-
lican Congress, and to understand that general
bankruptcy and ruin must be the inevitable
fruits OF a system by which the national debt
is TO be steadily increased, and the burden Of
taxation rendered heavier and heavier each
succeeding year, while an important section of
the Union is kept unproductive and its vslua-
bic commerce lost to the country. Gold has
ranged from forty to forty five, without any
prospect or = permanent decline; trade has
been stagnant; the revenue has been falling
| of in every direction, and all this time the
expenses Of the government have been in
creased to support costly military satrapy at
the South and psmpered bank oligarchy all
/ over the country. II Is against the policy to
which this condition OF affairs is attributable
that the large cities have rendered their YER
dict, and il has been emphatic enough TO revo-
lutionizc the States 20 which they belong. The
! Pennsylvania conservative majority is TO
| be credited to the vste OF Philadelphia The
republican falling of in Massachusetts, has its
radicals for the first time in many years. The
great change in Ohio can be traced mainly to
the ballot boxes Of Cincinnati and other cities
Of the State. In New York, while the metropo.
lis and its suburb, Brooklyn, roll up q ma.
ioriy of seventy-five thousand against the
republicans, they carry the rest of the State by
some thirty thousand votes.
II IL evident from these facts that the civil
revolution commenced in the recent elections
is financial one, and II begins IN the cities
because il is there that the doings Of Congress
are first discussed and the effect Of baneful
financial policy Is earliest felt II Is the YER.
diet Of The men engaged in trade and COM
merce against the present ruinous debt and
taxation, and in favor Of retrenchment in.e very
y department OF the government. The farmers.
\ IL is true, are beginning to see and understand
the danger ahead, aud have helped TO bring
about the recent political change. In Ohio,
especially. they took up the cry against moneyed
monopolies and grasping bondholders, and
X came out ia tbcir strength ia condemnation OF
( the financial policy Of their great leader, the
godfather Of the national banks. In New York.
Massachusetts, and other States. they evinced
their dissatisfaction with the measures Of Con-
gress by abseniing themselves from the polls
Bat IL was In the cities OF the Northern, West
orn and Middle States. with their large COM
mercial interests aud their enormous stake in
the financial prosperity Of the nation that the
popular voice spoke in the most emphatic
language against increased debt and taxation,
whether caused by the attempt to force negro
supremacy upon the sostb, Or to add to the
wealth of the government bondholders aud the
national banks.
The same considerations that controlled the
votes OF the cities in the State elections will
influence the result OF the charter election in
New York. Il - agdt between aousysd