Daily Los Angeles herald., 1878-07-16
DoV1eg mors than was Nomin.
ased 50 the BoDd.

Tho current number OF the North
4 x1nerscdn Revie,O Is an exceeding
~ Interesting one. In 1t Mr.. Wen
16ll Phislips and the Mcssrs. Bland
md Poor discuss the currency
ousstion. Mr.. Phillips interlards
hls observations with much parti.
1sn rancor. He evidently looks
upon the Southern people as sort
~ Gorgon. He greatly laments
that the Republican party did not
carry out to the end high-handed
polioy with the South. IfMr. Phil
llpoPs ideas had governed the poll
cy Of the United States a number
Of Northern proconsuls would
have ruled over the South with an
absolute sway, and the negro
would have been the only factor in
the politics of that section. This
ID some respects great New Eng
lander seems to forget that the
strands Of a cable may be pressed
boyond their tension, and that a
bssakage might have resulted. To
employ another simile, drawn
from the gospels Of Matthew. he
oyerleoks the formidable fact that
~ edlfice, strong and broad and
we'll welded from turret to founda-
tlon stone, may be built upon the
ehlfting sands, and that the winds
end waves may come and leave not
one stone of the massive edifice
upon another. The whole people
Of the North would not have sus-
talned relentless and heartless
policy of repression In the South,
deliberately announced, In set
tsrms, to be for the advantage of
the Republican party, and the
leaders of that party, though they
committed many mistakes, were
wise enough to know this. They
went as far as they thought they
could without incurring the risk of
the boomerang returning to knock
over the thrower; and, in spite of
AL their cunning, they are pros
trate to-day from the very excess
Of their harshness to the South.
To have carried out Mr.. Wendell
Phillips's programme to the
sweeping extent to which he out
iizes It would have been simply to
have cut short the duration Of
their supremacy.
But, while we think that Mr..
Phillips's party notions are wrong,
We regard the ideas which he de-
velops In respect to the national
fiRances as wholesome andjust. He
correctly says, in substance, that
our whole fiscal policy, for the past
fifteen years, has been nodded at
the dictatiou Of the Eastern rich
men. They have so warped the
legislntion of Republican Congress
o. a. to increase the purchasing
power Of money. They have left
The West and South painting, like
the thirsty wayfarer on a desert, in
= constriction which threatens as
phyxia. The West and South
need volurninous currency to de-
velop their immense resources.
This the selfi.h East has withheld
from them. Mr.. Phillips sees, in a
reasonable liberality of greenback
Issues, and in having all currency
that Of the government, remedy
for the painful commercial and
fiscal evils which now afflict the
United States. In this we think
he is entirely right.
After presenting this view forci-
bly, and, to our mind. conclusively,
Mr.. Phillips again becomes poll
tician and prophet. He predicts
that, through the union of the
West and South on this vital issue,
the next President and Vice Presi-
dent will bo Democrats, the former
. Western soft money man (Mr.
Phillips probably has Hendricks in
his minds eye) and the latter q
Boutherner in sympathy with this
programme. We entirely agree
with Mr.. Phillips that the next
President and Vice President of the
United States will be Democrats,
though we should not like to COM
NIT ourselves as to what section
they will hail from. We should
not be In the least whit surprised
II they should prove to be the very
men who were elected in 1875, but
who were cheated out Of the posi-
tlons 10 which the people had
chosen them.
Having given a cursory re-
view OF the scope OF Mr..
Phillips's article, we will next
A9 birds eye view OF
"land's valuable contribution
--ency discussion. Mr..
now the famous au-
'ver bill. After quot
Vamil' ,n's prefer
I'd Of gold
roeeeds to
Republi-
urrency
lencv tn