The Republican. [volume] (Oakland, Md.) 1877-current, 1881-09-03
Vice President Arthur.

Vice-President Arthur.
Mr.. William H. Vanderbilt was
asked by N. Y. Herald correspon-)
dent his opinion as to whether there
would be any occasion for financial
or commercial panic in the event of
the death of the President and the
accession of General Arthur to the
office.
"Panic!" said Mr.. Vanderbilt i
"why should there be panic? The
financial policy of the country is.
now a settled fact; so entirely settled
that even Democratic administra-
ton could not change it. General
Arthur is Republican, and would
not have the desire even if he had
the power to do otherwise than carry
on the wise and beneficial policy that
has marked other Republican ad pin-|
istrafia fians.a Ha ranisl fnlioAN Cd Weir
footsteps and would bring to bear
upon the further development of the
policy clear head and an honest
purpose. Our bonds certainly could
not be injuriously affected because
the peaceful transmission of the gov
ernment from the hands of one Presi-
dent to those of another, under the
provisions of the national Constitu-
tion. is a preof of the strength and
stability of our institutions and not
of their weakness. Men are to be
found at all times ready to put down
prices on the market for speculative
purpose, but there would be nothing
in the change. if it should unfortu-
natefy come, to disturb the financial
or business interests of the country
in the slightest degree. In addition
to this, Gen. Arthur is a man who
deserves and ought to receive public
confidence. ! have known him many
years, and l regard him as in every
way qualified to make safe, sen.
sible, honestand conservative Execu-
tive. My father. who was an ex-
cellent Judge OF men, was well ac-
quainted with Mr.. Arthur and had
quite high opinion of his business
capacity and integrity. l tell you
Mr.. Arthur is by no means an ordi.
nary man. He is not one whose
equal can be picked up every day in
any locality. He has been active in
politics and is said by some to be a
warm partisan and to be interested
in particular faction but am con-
fident from what i know of. him that
if he ever could have contemplated a
factional policy, the circumstances
under which he would come TO the
Presidency would deter him from
pursuing such course now. He
probably was not aware before he
went to Washington of the state of
popular feeling; but he now under
stands it, and has the capacity to
grasp the situation as quickly and as
completely as any man l knew. He
has seen the grief with which the
matte n received the news of the at
tempt on the Presidents life, and the
deep anxiety with which the nation
has watched the case. He fully un-
derstands what this sympathy means,
and he is not the man to attempt to
disturb the existing order of things
or to throw the country into a tur-
moil
There could be no pertense or ex-
cuse fora panic, except on the ground
that severe and revolutionary politi-
cal convulsions would follow change
in the Presidency. But where would
these come from =? Who would ex-
cite them? l haye full confidence
that Mr.. Arthur would follow as
closely as possible the policy of the
present administration, and would
be fair to all factions and eminentIy
| Np9iSCi NQtlNCs i Cfttl tllSTelOTc SeG ITO
ground whatever for alarm, and
while most sincerely hope that the
present crisis in the Presidents case
may be bridged oyer and that he may
fully recover his health and fill the
term for which he was elected, yet
have perfect confidence that, should
fatal result ensue. the Vice-Presi-
dent will make a wise, capable,
honest and conservative administra-
tion, and would do no act that would
impair the safety, the credit or the
prosperity of the country. 1 have
large business and financial interests,
and | have no fear that any of them
would suffer through Mr.. Arthur's
conduct In the Presidential office.n
A prominent New York Republi-
can says that after all efforts to effect