Daily Los Angeles herald., 1881-07-15

stAope w a1naontnoV0 4 k0ot2SAs ~
fsld is the hullabaloo made about
1t In Europe. It has been sought,
through Gulteau's infamous at.
tack upon tho life of the flrst oit-
ixsn Of the AmericAn Republic, to
deprsss American securities upon
the exchanges and boursss Of Eu-
rope. Nothing would 80 intoxleate
the kingly and imperial rulers Of
the old world as to sec
the Presidents Of the Republic
OF the United States aping
their own airs, making the
national govSrnmsnt to tara upon
their own personality. II was pre-
cissly In order to combat any such
offensive and metropolitan pre-
tensions that the National Csn-
vention which formulated the Con.
stitution OF 1857 forbade the Presi.
dent to be addressed by. any title.
That genuinely Republican body
net only left toadyistio etiquette
helpless in these statss, but made
1t compulsory to address the first
Citizen of tho Republic simply a.
"Mr. President" Various at
tempts to invest the President or
Vies-P President with any special ct.
tributes were frowned down indig-
nantIy by the Fathers of the Re.
public; and treason, as applied to
the Chief Magistrate, is unknown
to our laws. Not only that, but in
devising penalties for waging Or
levying war against the United
States or aiding and abett ting those
who do so, by an American citizen,
were hedged around, by the
trainers OF the Constitution, with
exemplary care. While the pen
atty Of treason was adjudged to the
traitors themselves, the Constitu.
tien expressly provided that NO at.
tainder for treason should work
corruption Of blood or forfeiture of
property except during the life Of
the traitor. The silly fools who, in
Europe, have parted with their
American securities, at low
price, simply because an attempt
was made to murder President of
the United States, II they are Eng-
lish, now repent in pounds, shil-
lings and pence, II not in sack
cloth and ashes, their total
ignorance of the dem ocratie-
republican features Of our
political system. Those news
papers, both OF this country
and Europe. which have aided to
disseminate this s,avish and I'M
republican idea, are responsible
for these losses to European In.
vesters. As to this country itself,
little was lost, because the bulk Of
our people have instructive sppre-
citation Of the wholesome scope of
American institutions. While the
President Is invested with very
grave and responsible executive
functions, there attaches to him
net an ieta of the right divine of
kings. His personality plays ABB
solntely NO part In our political
system. Presidents may como and
60, either In the course of nature
or by the un-Amsrican and excite
method of assassination, and yet
the Republic Of the United States
still remains In fall and unimpair-
cd vIgor, deriving all Its powers
from the people. and with the stamp
Of An eternal youth, bern of re-
speot for the rights OF the humblsst
citizen, upon Its brow. There 10 In
this country NO proclamation Of
"Ths King is dead, live the Kisg."
The collective sovereignty of the
people never dies; and, while the
sslfishness OF the Republican par.
ty has mementarily obstructed the
channels of the Presidential sue
oesslen, OWN g to the election
of q President pro tempore of the
Senate, fortunately the Vice Presi-
dent IL ia robust health, and even
that fact is made immaterial by the
robust condition of President Gar
field, whose wound, from toy pis-
tol, has Isft him still the dispenser
of Presidential patronage, tower
Of strength to his friends and a
menace 70 his enemies. The Re.
public, with its genuine republic
an Inspirations, still lives, thank
God, because the American people
never die. Whatever temporary
damage may have been visited
upon American securities abroad
will be quickly repaired, as far as
respects tho United States, but
amongst the panieky jndividuals
whs parted with their deSentures,
there will be weeping and wsiling
and crashing Of teeth. They were
fooled to the top of their bent by
q toadyistie and un-Amsrican
clamor.
The report of the Minister of FL
nance gives the following details
respecting the applications for the
recent French loan: The total num-
Der Of individual subscribers was
315. AS. viz, 81, o48 in Paris, 228,
l47 In the provinces and Algaria.