The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-11

NictlOnS anu STERLING integrity, anu oiucihi
swindlers would be equally scourged ont OF
the government under the administration of
either. Mr.. Tilden would be more sensa-
tional President, but Mr.. Bayard would
make fewer enemies. Senator Bayards
chances, whatever they may amount to, de-
pend on the good will of Governor Tilden,
and so long as the Governor has hopes of
getting the st. Louis nomination himself
he will not be likely to designate political
heir. But in the present aspect of the can
vass he has double chance for political in
fluence; for if he cannot control the Conven-
ton in his own favor he may give the nomi-
nation to Senator Bayard, and thus assure
the success OF his principles and the pre-
dominance of his personal influence in the
new administration.
The Death Of Alexander II. Stewart.
The death of Alexander 7. Stewart can
not fail to create an impression in the COM
mercial and business world which would
not result from the demise of any citizen we
might name This effect is not SO much in
consequence of the vastness of his wealth
and the extent of his business enterprises
as of the force and vigor of the intellect
which has ceased to work. In his case
death robs the world of nothing that he
amassed but we are all the poorer in the
fact that the power which directed all these
vast concerns is no longer potent. Such
loss is the obliteration Of capital,
because it was the intellect, the fore
sight, the directing energies of this man
which created the capital we now call
Mr.. Stewards wealth. The loss of this wealth
would not have been greater blow to the
commercial interests with which it is bound
than the loss Of the intelligence which made
it increase its functions and multiply bless
ings wherever its influence was felt. 1t is
too customary with the unthinking crowd to
belittle the usefulness of men like Mr..
Stewart but without them the world
would be sterile and unproductive desert.
They are the motive power which turns
the wheels Of trade, and Alexander T. Stew
art more than any man of his time was the
exemplar of commercial probity and useful
ness and success in this country. There are
many things to be said in his honor, and
first among these is the fact that the fairness
of his dealings was never questioned. When
his business shrewdness was the keenest his
integrity was apt to be shown in its brightest
colors. Those who dealt with him never
had occasion to complain that they were his
victims, and when he marked his goods
down that he might sell to buy again he was
obeying the law of morals quite as much as
the laws of trade. 1t is by such devices and
through men with the quick wit to adopt
are kept from stagnation, and because of this
merchants like Mr.. Stewart are among the
most useful and important members Of the
community.
We cannot stop to inquire what will be
the effect Of this mans death upon the bust
To do this would be to enter into the minu-
tie of his vast affairs and to estimate the ex-
act value Of the directing force which
moved the vastness of his enterprises At
such time we cannot do more than
recognize the power which, until yes
terday, was potent in all the business
centres of the world, but to-day is silent
ms the inanimate form which is all that re-
mains. From all that we see around us
those magnificent storehouses, and hotels,
and theatres in Broadway, tho growing city
on Long Island, the mills and factories
which his wealth was calling into existence,
and the immense commercial activity which
grew up under his guidance-we may esti-
mate the character of the man to whom all
these things belonged, not SO much because
he bought and paid for them as because he
created them. Out of the little storeroom at
No. 2S3 Broadway they all may be said to
have come but in fact they were coined out
of this mans brain, and the value of all this
property and these pervading business en-
terprises is after oil, but the work of a
single mind, directing and controlling the
forces which make society and government,
liberty and happiness possible.
The WITHDRAWAL OF STEAMERS from the
traffic between this port and Liverpool, re-
ported to have been agreed on by four of the
leading English lines, points to an expected
further falling off in the emigration from
Europe to America during the present year.
The tourists who may come to visit the Gen.
tennial Exposition, it may be plainly seen,
are not expected to counterbalance in the
smallest degree the loss from diminished
number of steerage passengers, who, from
the way they may be slowed between decks,
form the most valuable kind of cargo.
The falling off in emigration may be cred
tied to hard times in Europe and the exag-
gerated reports of harder times here, which
have been industriously spread in Europe,
particularly in Germany. The moral with
regard to the Exhibition may shock Phila-
delphia somewhat, but the HERALD antici-
pated it some weeks ago. With regard to
the emigrants, single season Of renewed