The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-10-12
The Third Term and Commerce.

sWill the republican party live?" is the
pertinent question which the Philadelphia
Commercial List asks in reference to the trou-
bles in the South, and especially in regard to
the commercial depression of the country.
Merchants, it is said, are more anxious to re-
duce than extend trade. and look more ear
nestly after those who owe them money than
those whom they might trust. .sThere can be
but one cause for this uneasy feeling" it
argues very forcibly. 1T is the result of
inkerlng government The financial ques-
ton has been hammered and turned and
beaten and remodelled until it is about as
much muddled as the reconstruction of the
South" There is considerable truth in these
remarks, for the financial policy of the gov
eminent has been almost as aimless as q rud-
derless ship, drifting with the winds and
waves. What Mr.. Bristow may make it it is
too early TO judge, but be cannot do worse
than his predecessors, and it is probable
that he will do much better. But the
Commercial List points out that the
third term movement has become a dis
organizing element to make confusion worse
confounded, and that now 1--WE must look
forward to the work of patching up the gov
eminent as it stands and protecting it from
stead of putting shoulder to shoulder to push
forward, North and South, upon path of
progress and advance toward prosperity.
Instead of policy of recuperation it must
be one OF resistance against further disorder
This is something which the President would
do well to consider He was reelected to
save the country from the financial disaster
which it was declared the election of Mr.
Greeley would cause, and the most important
event after that victory was the worst financial
panic we have had since 1857. Perhaps the
President is not to blame for that. 1t
might have happened in any case; but
now we learn that his third term
aspirations not only disturb the politics but
injure the commercial interests of the country.
The Commercial List, we believe, speaks not
only the opinion OF Philadelphia, but of bust
ness men generally, and it is right in asking
if the republican party can carry this bur den
of public misfortune, distrust and ambition
and live. We think not, and everything we
learn confirms the belief that the mere suspi-
cion that third term policy exists alarms
the people and makes it General Grants duty
to protect commerce and dispel doubt by
driving the unwelcome ghost Of Caesar from
American shores forever Let him be the
magnanimous Brutus to this imperial shadow.
Mr. Robson says that the President regards
the third term discussion as unworthy OF no.
tice. The facts we have cited should convince
him that it is his duty to speak; if not for his
own sake, for the country's.
BOLD ROBBERY of q police station is re-
ported from Hoboken. 1t was strange place
to choose for stealing but, in justice to intel
ligent American criminals, we must say that
the prisoner was both young and foreigner
HE OPINIONS of SO eminent an Englishman
as Mr.. w. Il. Forster upon American affairs
must be interesting, if not important espe-
cally as he is one Of the leaders Of the
liberal party in Great Britain. Dur
ing our war he was the firm friend
Of the North, and showed his sympathy
in manly way His study of our institutions
has been thorough, and he will correct them
now by personal observation. Some of Mr..
Forster's opinions on English and American
politics, education and labor are elsewhere
nublished