The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-06-15
ENGLAND.

ENGLAND. s,t sallaa III
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The American Presidential Convention nj Chi.
caso-Opinion Of the Republican Policy
Trades Union COMPASSIONATE Suffrage.
From the London Times, June Al
The resolutions adopted by the Republican Con-
vention at Chicago form an important expression of
American policy; indeed, IL Ia not improbable that
the PLATFORM Of the meeting contains the princi-
pies on which the government OF the United States
win be conducted during the administration OF the
next President The questions OF domestic policy
on which opinions have been thus recorded are
numerous, and among the foremost of these we may
place the long delayed reconstruction Of the Union
On this point the conclusions of the Convention en-
brace variety OF proposals. In the resolution
advocating 1.-THE earliest removal Of political dsa
bilities from late rebels consistent with public
safety" we may discern q wish to readmit the
southern States to the Union as soon as possible
ana TO bring the present troubles to close; but the
aomnsSeS ~ aTe ont rue ,y y 70 De &C.
that impartial sufiragen Is to be guaranteed to
all loyal menu in the States lately insurgent.
This might vest the electoral power In a very
limited portion of the constituency. BY Impartial"
suffrage Is meant, in The phraseOlogy of American
politics. extension OF the Suffrage not to all races
Unfortunately but to all under equal conditions.
The restrictions upon the franchise may be con.
s ,n e, e LIE sy Ss oe G1ped to black ana
education or residence may be exacted, provided
they are not exacted to the prejudice OF the negro
ton In the Southern States might be materially
affected BY the preliminary condition Of .Ioy
Aity' specified In the resolution. This cOndi-
tion, it may be presumed, the majority of the
negroes would satisfy, whereas their late masters
might De unable to sustain the tests But the ques
lion OF negro suffrage, which has proved enibar
RAISING TO political parties in the Union, extends be-
You'd the States recently in rebellion, and at this
point the Chicago Convention has rather Graded than
resolved It. 1t was agreed that In the loyal States
the suffrage should be regulated by the people of
those States, that according the ruling OF the
platform" on this subject there may be Indefinite
Universities Of practice In different parts Of the Union.
may be debarred from voting altogether, while in
the South they may be enabled to overp0wer the
votes OF the democratic whites.
The next resolutions Of the Convention referred to
disputed questions OF finance or administration, and
among these the chief place belongs the payment
this has become question at all we need hardly be
nj the pains OF explaining. At the termination OF
the civil war the first 0utcry OF the North against the
vanquished South was based upon the danger OF re-
pudiation, and 1t was argued that Southern members
must be excluded from Congress lest they should
vote for the reputation OF the federal debt, and
discredIt the nation. Nevertheless before three
years had elapsed q proceeding which was promptly
advocates among the Northern people themselves a
u happened that certain portions Of the national
debt had been contracted on terms mperfectly or
obscurey stated in the acts of Congress authorizing
the transactions. In these acts was stipulated thai
the interest OF the debt should be payable in god
u was not said that the principal the redemption
~ the bonds should be payable In gold also. IL
was certainly possible TO infer from this omission
that the principal might be repaid In currency de-
preciated paper though the interest must be forth
coming in gold; but against this presumption stood
host OF facts The Secretaries Of the Treasury
who presided over the transactions, their agents
who had negotiated the loans and many responsible
statesmen, in their places IN Congress- had distinctly
acknowledged and declared that the capital Of the
debt was redeemabe in gold only. In fact, IL was
certain and undenlabe that the money had been lent
IN this belief; but the acts could not he appealed
20 In confirmation Of these views, II was held by
some politicians that the nation was not bound TO
gold ha NOT been Th Hsa he
extent OF the "repudation' advocated but the pro-
posal has now been unreservedly denounced by the
republicans OF Chicago, who have approved the
payment OF the national debt in accordance with
the letter and spirit OF the law under which it was
We may probably trace TO the necessity OF bidding
for the Irish vote at the approaching elections the
On this subject the Convention reverted to the old
propagandsm OF the French revolution, and recorded
its sympathy with all peoples struggling for their
rights" Another resolution couched in more
decisive terms. proclamng not only projection TO
all naturalized citizens" but resistance at all
other countries denying the right OF exparia-
hon." This vigorous protest, however, "a
supernuous. OrT ..docfrIne'' on the point +
IN reality nothing but the doctrine laid down
and maintained by the American courts themselves.
~ " principle acknowledged Ia the New World
Wen "a the Old: but. such 1t Is, zoe set store
NJ a. The right Of expatrfationr is practically
brought before long into more complete accordance
WIN practice. II, indeed, this fright" should hap
pen 10 be contested the opposition Is likely 10
come rom Americans than Englishmen. or late the
naive working men IN the United States have dis
played marked hostility TO immigrants, and their
trace unions have looked with any hing but favor on
tne arrivals which lowered the value OF labor Ia the
market TO the nOtorety of this feeling and 10 The
necessity OF propittating the Irish voters by some
protest against IT, we probably ascribe the reso
luton OF the convention for the encouragement Of
immigration"
t is not surprising, considering the state of Amer.
finance, to md the equalization OF taXationf
insisted on an indispensable reform or course
all Americans are equal before the axqather az be-
fore the law H. II designed Intended that there
should be any class either privileged or prejudice
But, az we yesterday explained, IL is simply limos
sbIe under system OF protective taris TO satisfy
people mat burdens ana fdpDrs are ruriv dis.
fri6tled. The agricuurists of Chicago do not he.
lieve In the Identity OF their interests with
those OF the manufacturers Of New England
they believe that where such claims conrct
they evenly adjusted. They stipuate, therefore
Cor equalization OF taxation, but II is not likely
that the government OF their choice can CRAFTY
them with this boon, unless sounder principles Of
financial administration should gradually prevail.
in point Of fact, the financial policy OF the Union
constitutes at this moment q question almost as
urgent as that Of "reconstructi0nv itself. The
weight OF debt and the pressure Of taxation can
only be endured on conditions Of judicous dstribu-
ton and unrestricted enterprise With these advan-
tages the Americans have nothing to fear; without
tnein me burden Will be grievously felt, and the
such protest az that now recorded At Chicago