The New York herald., 1868-05-07

Iarocgue.
The stock market was dull but on the whole
steady YESTERDAY. Government securities were firm.
Gold closed al 1392s.
The jury in the Cole trial were still undecided on
verdict yesterday. ~
Special teegraphic advices from Cuba state that
the press representatives had been refused permis-
sion to telegraph the account Of the late
outrage upon the American Consul. Secre-
tary Seward has telegraphed to the consul that ex-
traorfnary measures have been taken by this gov
ernment to redress his grievance. Balmaseda, who
Is acting in Captain General Lersundis absence gave
very equivocal answer to the consul's demands in
the matter. ...
We have telegraphic advices from Mexico city to
the Goth ult and Vera Cruz to the I'd inst. The law
Of January, 1856, had not been repealed. Several
arrests Of liberal officers had taken place. Order
had been restored In SinalOa and Guerrero. Private
reports were received at Vera Cruz that Juarez was
flying before popular revolution in the capital
Governor Rubi had entered Mazatan and re-estab
lished the STATE government.
Chief Justice Chase and the Presidency.
Chief Justice Chase stands prominently
before the country to-day as the peoples can
didate for the Presidency. Having apparently
dismissed the Presidency from his thoughts, he
is immeasurably nearer to that high Office
now than he ever was during the years he
sought it. His honest purpose to administer
the law impartialy in this great trial-a pur
pose that has been evident from the first day
commends him to that sincere respect in all
thoughts that is of more value to man than
all party successes, all the manipulation of
cliques and caIcuses that usually makes the
fortune of candidates. He has won the peo-
pie; he has made himself the man of the
people, not by promises not by bargains and
compacts, but by showing indisputably that he
stands above all these. What was it that short
time ago made Grant seem the great inevitable
man of the future? 1t was that he had the
respect and confidence of the people as against
all parties. He was man standing alone
broad, grand, national, and differing from all
other men in nothing so much as in
that he stood aloof from party; and
they were nothing without their peculiar party
power. Grant was the national man, Chase
was the leading radical. But what change
a few weeks have made! Grant, with all his
silence with all his cautious reserve, has said
enough to satisfy radicalism that he is candi-
date to suit it and by his relations to party men,
by the readiness with which he has fallen into
radical reconstruction plans, he is seen to be to-
day the creature, the tool, If not the bond slave
of the nigger supremacy faction; while Chase
stands suprcmely above all public men Of the
trv tho Of xuh vo tioou M
make tool, one who will accommodate him
self to no will less broad and patriotic than that
of the whole people. Here, then, is a complete
change OF places, and with this advantage ia
the country--tbat the man who now stands
above party. whom the people can trust with
all the honors and duties of the highest place
in their gift, is statesman Of ripe experience,
great study and mature wisdom one whom the
people may with pride compare to the Presi-
dents that governed In the earlier times of the
republic.
Impeachment has done all this, and has
''builded better than il knew" toward the
true welfare of the country II matters little
what may be the fate of its object for the
important feature In this great legal and
political struggle is that it has tried men thai
were not ostcnsibly on trial. II brought into
one arena all the active elements of our politi-
cal life, and there, under the direct view of the
country. developed the true nature of each and
the most obvious result is that the faction that
schemes quietly has destroyed its own life by
disgusting the people-has forfeited all power
10 do harm in the future. And thus that ele-
mcnt is to be looked upon as quantity thrown
ont; il is Of no value In political combinations,
and the republican party il to be esteemed as
purged of those viler forces that were rushing
IL onward to it's own ruin. For such party
there is still great career. But above all
parties and partisans this trial has shown the
character Of ChicfJustice Chase, has lifted him
away from party relations and given him to the
people. Let the people take notice Off as
fact OF no slight significance, that this mans
course ON this trial has procured for him
the enmity Of MI those men who want
to govern the country '.outside the constit,,-
ton Radicalism in its most approved type
utters its denunciations of this man. and that
is his commentator to the people. II breads
him. and that is the best reason why the people
should honor him. AT the same time that the
worst man in the worst faction Is ''making up
his quarrel with Grant" his associates come
pcriorce TO open issue with Chief Justice Chase,
and both events are full Of instruction for the
people Around this ruling character new
party already crystalizes the peoples party
party committed to AL the good results Of the
war; hut fighting to the death all those pitiful
wrctchcs that would make reconstruction q
programme for revenge and forfeit the national
victory by making il lead TO the destruction Of
thf country. Such party, with Chief Justice
Chase ior its candidate, and some stsnch sol
dicr Ike Thomas sheridan Scbofed or Meade