The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-25

ments, or of maintaining them if reached when
the locking up Of a few millions of gold can
produce such results as we have seen to-day,
is simply absurd. This is question that de-
mands the earnest attention of Congress, The
demand for specie, to pay duties aiTes all the
vitality to gold fan...5siing, and places the mer-
chan..ss at the mercy of the gamblers Shall we
not have to come to a uniform currency tor all
purposes? 1t is delicate and an important
question, but one which calls for serious con-
sideration. The national banks can afford no
relief, and if the greenback currency be with
drawn and the national bank circulation ex-
tended, as Mr. Sumner, Jay Cooke and the
national bankers desire, the evil would only be
exaggerated There would be no return to
specie payments. The people would have to
take national bank notes, and the banks get all
the profits of national circulation, while the
government would have to raise gold by duties
or some other means to pay the bondholders.
Paper for the people and gold for the bond
holders would become the established state of
things, and the gold gamblers would revel in
high carnival more than ever. We want no
imitation of the currency; but it is a question
whether that ought not to be made uniform,
and of legal tenders only, to give stability to
financial affairs aud business, and to prevent
such scenes as occurred in Wall street yester-
day, and that may occur again any day.
The New York Democratic Convention-An
inside View.
Judging from the platform of principles as
embodied in the series of resolutions adopted
by the Democratic State Convention which met
at Syracuse on Wednesday last, it would be sup
posed the greatest humanity prevailed, and
that there were no discordant or antagonistic
elements at work within the party. 1t was a
most fallacious and portentous calm, however,
that brooded for time over the deliberations
of the leaders. The fell spirit that had so
long lured the party to put itself in antagonlsm
to the progressive doctrines of the age, and
the increasing liberal views Of the people Of
the United States, was at work In preparing
the platform for the State Conventions of 1869
and 1872. 1t was only at the last moment
that wiser counsels and ADLER craftsmanship
stepped in to save the party Of the State from
taking the last false step that would have con-
signed it to utter political destruction. 1t was
beyond all question an accepted fact that the
democracy of this State, through their leaders,
was prepared to put itself in the gap in oppo-
sition to the fifteenth amendment, and, If pos
sible, by it's stand on that question, to head off
sJo
not yet taken action thereon, and so prevent
the necessary constitutional majority of States
adopting it, The new State constitution
was also to have come in for
sweeping denunciahon and entire repu-
diation by the party when the people
came to pass upon it, There was not leading
democrat in this city month ago that would
not have asserted that direct opposition to
these two measures would form the main plank
of the democratic platform for 1869 and 1872.
Even up to the last moment, while even the
Convention was for time In session, It was
supposed that on these questions there was
and could be no disagreement. With this
deceptive view of the temper of the Tammany
Regency on these two vital issues the Seymour
party, through the chairman OF the State Cen
trail Committee, and to whom the drawing up
of the platform must be entrusted, jubilantly
concluded it was in their power to destroy the
ambitious projects of Tammany with regard to
the campaign of 1872. 1t was to be the old
policy of rule or ruin. Seymour or nothing"
was the motto. On this principle the resolu-
tions which were to bind the party were drawn
up. No opposition on the part Of Tammany
was anticipated by Seymour and his friends,
and thus Tammany and Hoffman were to be
inundated on the political altar 80 cunningly
prepared for them.
But Daniel came to judgment at the nick
of time, in the person Of Bismarck Sweeny.
He penetrated at glance the designs Of Sey-
mour, and in moment he became master
of the whole situation. The resolutions had
| to be amended. A night was spent at
the work, and in the morning they were not
even yet acceptable. The pruning knife was
| at work during the greater part of the day,
and it was only at the night session they were
Identifying them beyond their merits to say that
they are made up of the usual "glittering gen.
eralties." They are compound ''of frivolous
generalities," dilution of milk and
water, tissue Of lame and impotent
conclusions. The reading Of them was
listened to in silence, not cheer or token Of
applause was accorded to them. OF course
they are not Of the stuff Seymour intended
they should be, and whether or not they are
such as the Tammany Regency itself would, II
acting independently in the matter, have put
forth, they are just the thing under the cir
cumstances they desired.
With the adoption Of the resolutions, and
which completely checkmated the Seymour
| rnme and pava the winning moYa To Tamnanv