The New York herald., 1873-11-03

dishonesty increased, and the people were
oppressed to pay unnatural profits; bonds
of no value were issued under the stimulus Of
q corrupted press and a pampered pulpit and
fraudulent mining shares were sold to English
widows and clergymen by combination
which embraced an American legislator. an
American plenipotentiary and the financial
agent of the American government. All this
time legislation was corrupt; justice was foul
And when the President of railway company
openly admitted he had dishonesty taken
over nine millions of its funds there was
not power enough in the law to touch him.
To-day, while men are in prison for larceny,
he is, in the cant phrase of the time, king on
the street. Surely there must be an end to
ism in our financial life. And how could it
end but in bankruptcy, ruin and fire?
Whatever the suffering that came with the
panic America will have a nobler, purer life;
business will run in sweeter and more whole
some channels because of this calamity, and
will C@sarism. The time may not be ripe,
but it will come. Just as the sign blazed
forth to Belshazzar in his hour of feasting and
pomp and told him that he had been weighed
in the balance and found wanting, so it is
written for the republican party-for this ad-
ministration-that they are found wanting.
We are not deceived by the attributes Of power,
the splendor of authority, the confidence Of
the leaders of republicanism Grant is to the
outward seeming no more powerful to-day, no
more fixed and secure, than was Bel
shazzar the mighty king, when he sat down
to his feast. We may well believe that the
courtiers around that luxurious table-admin-
istration editors, congressman and Senator'S
shouted the monarch's attributes and said,
so, King, live forever /" But even in their
royal incense, the warning came. We say we
are not deceived by the seeming invulner-
ability of the republican party Nor do we
undermte its power. Cesarism will not fall
like Buchuism. An administration more
powerful than any monarch and as irrespon-
sible, o Congress that does little more than
register the DEGREES of lobby and Cabinet, be-
hind them party which has dominion greater
than that held by any party since the govern
ment was founded and which is commanded
by men of ability and resources-money,
Office, political discipline, party prestige, and
among the people sad indifference to public
affairs-we know we'll the magnitude of the
task to any one who means to oppose and
overthrow the republican organization. We
see no hope of reforming it. for we do not see
any living clements of reform. And in that
conviction we believe it should pass away.
If reform comes we shall welcome it !; for
this party did many noble deeds in its days of
freshness and truth. We must always remem-
Der it as the party which established freedom
and saved the Union. But alas for the evil
days the party which compelled Lincoln to
proclaim emancipation, which defeated the
beloved Mcclellan because his success would
have been an encouragement to treason, is
afraid to say to Grant that it would consider
his nomination for third term o violation of
the constitution. The party which began as
the champion of liberty is now the abject fol-
lower of Cesarism. What remains but that
it should die?