The New York herald., 1869-08-23


The sachems Of Tammany Hall have un-
questionably resolved upon the removal of Mr..
August Belmont as chairman Of the National
Democratic Executive Committee and the ap-
pointment of Mr.. w. M. Tweed in his place. The
proceedings Of the Seventh Ward Tweed De-
mocratic Association the other evening may
be considered equivalent to an edict from Tam
many ITSELF Mr.. Tweed being the first ''big
Indian" of the concern. The charges brought
forward against Mr.. Belmont are very grave.
They represent him, the managing head of the
national democracy, a. inefficient, undevoted,
Indifferent, unacceptable and unpopular; and
that his want of capacity, &C., was the main
cause of the defeat of Mcclellan and the de-
feat of Seymour; that Mr.. Belmont must re-
tire, and that Mr.. Tweed is the very man to
take his place.
We presume that Mr.. Belmont will cheer
fully avail himself of the opportunity to retire,
and will be glad to get his thankless office off
his hands. Since the time of Buchanan, we
believe, he has been President Of the National
Democratic Executive Committee. His term
of Office has been period of dreadful defeats
and disasters to the national democracy, for
which, by this aforesaid Seventh Ward Asso-
citation, he is absurdly held responsible. The
charge that he is indifferent as to re-
SUITS and that this Indifference was one of the
causes of the defeat of Mcclellan and the de-
feat of Seymour is particularly preposterous.
In behalf of General Mcclellan, as the demo-
cratic standard bearer in 1864, Mr.. Belmont
was very liberal. If we are not mistaken, it
was out of his pocket that the bulk of the
democratic money came which bought that
fine house presented to General Mcclellan
while at the Chicago Mcclellan Convention, in
giving dignity and prestige to the occasion,
Mr.. Belmont's coach and six, and his unstinted
contributions to meet all sorts Of expenditures,
were especially admired blythe "plain men" of
the West Chat is, the men Of the plains), and
by all the newspaper reporters. From all
these and numerous other outlays in that cam
paign Mr.. Belmont derived no dividend the
whole speculation collapsed, and therefore, If
his cash Investments in the Seymour campaign
were not so generous, the difference mrst be
charged to Mr.. Belmont's financial training
under the Rothschilds, and the fixed law of
Wall street, to wit: never to be taken in and
done for twice by the same game. Thus it
will be seen that as the head of the democratic
management Mr.. Belmont has not been indif-
ferent to results, but has weighed them and
acted upon them like a sensible, practical
business man.
However, as Tammany has limited that he
must go, we conclude that he will go, in order
that new man may take his place as head of
the national rty-managing committee. But
how is the change to be made? Mr.. Belmont,
we suppose, will have to call the committee
his case before the meeting and submit his
resignation, and then call upon the committee
to fill the vacancy. Should he adopt this
course 1t is to be hoped that he will seize the
occasion for proposing to the committee some
action in reference to the present separation Of
the Southern from the Northern democracy on
negro suffrage and democratic principles gen.
orally. The national party machine, by this
Southern departure, Is reduced to the condi-
ton of cart with one wheel, and needs fixing
up, especially on the nigger question. This is
matter in which we are all interested. AS
for the successor to Mr.. Belmont in the Ma
tional Committee, that is a secondary ques-
tion, and in the election the West and South
will probably overrule Tammany Hall in
seeing that justice is done to Brick Pomeroy,
who was the first man to break ground in the
late campaign against Belmont and the Man
haitian Champagne Club. We are all waiting
to hear from Mr.. Belmont.