The daily gazette., 1881-09-22

TIE NEW PRKsIDENT.--A grsa,
deal has been said by the Republican
press that is calculated to alarm the
country and cause apprehensions OF
danger, and the interruption to trade
and depress the present prosperous
condition, because of the death Of
President Garfield and the change
necessary in the Executive duties de-
vOlving upon Mr.. Arthur. The Re-
publican press has uttered the most
damaging language in regard to the
character of the new President, and
If he is the man they have painted
him, there is no doubt great cause for
apprehension and we have only to
hope that a change has been wrought
since the assassln's bullet has been do
ing its deadly work. Indeed there
seemed to be great cause for dreading
the accession Of Mr.. Arthur TO power.
1t was under his administration in the
New York Custom House that the
scandalous robberies Of the wholesale
merchants were perpetrated, which
the Congressional Committee exposed.
These things could not fail to produce
alarm. But in addition there arose
the difficulty between the late Presi-
dent and the Stalwarts, in which the
quarrel for Office between the factions
reached such damaging extent as to
cause the Stalwart murderer to per-
petrate the dreadful deed that has
ended in the death of the President.
1t is to allay in some measure the ap-
prehensions that may arise to the in
jury OF business interests that we re-
produce from the New York press the
following remarks Of the millionaires
Of that city. Mr.. William II. Van
de-bilt expresses . high opinion of
Mr.. Arthur, and says he has known
him for twenty years. He adds
"There is more of him than is pener-
ally thought. in fact, I look upon
him as a Superior man, man OF
talent. He knows that President Gar
fields administration was great suc-
cess, as far as it went, and he Ia
shrewd enough and far-seeing enough
to model his own upon it. / do not
think he will be led away by party
feeling. If he does he will make The
greatest mistake of his life."
Mr.. Arthur's assumption of the du-
ties of the office will be
as peaceful as il he had been duly
elected President of the United States.
Necessarily succession arising out
Of assassination viii always throw a
pail over an Administration of few
brief years, no matter how wisely or
well that administration 10 conducted.
and therefore it 10 well for the peopls
OF the country to tighten those sur.
roundings as much as possible. This
event is unfortunate, a. 1t goes to show
that even in republics we are liable to
crimes against the Executive as well
as in monarchial countries and desrot-
ism. That is source Of deep regret.
Mr.. Jay Gould says: "The effect of
the sad news in the markets has been
to steady them. The worst is over.
and business will boom. The shock OF
this event has been discounted long
ago. While the President was hang
Ing between life and death the upcer-
tainty Of the sick room produced un-
certainty through the country and
things on the Stock Exchange and In
business circles were subject to fiuc-
tuations. OF course q great MANY
stocks were sold out In the expectation
that there would be q drop at the
Presidents death and that these stocks
could be bought back cheaper. The
result is that there are large orders To
buy from investors and very few stocks
offered"
Mr.. Russell Sage said she tboupbt
there would be general restoration of
business prosperity from this time
henceforth, and that President Arthur
was better qualified for the Office than
when the late President was shot
Then the people were heated with par
ty strife, and General Arthur was not
80 well understood. Now eyery douht.
ful feeling had been removed.
MIR. Samuel J. Tilden said As IN
the effect Of the Presidents death and
the elevation Of the Vice President to
the Chief Magistracy, Mr.. Tilden did
not believe that 1t would have the
slightest effect upon the business of
the country. The forms and machin.
cry Of the Government work 40
smoothly that change of one man In
charge, though that one is the Presi-
dent, Is not likely to cause lar in
commercial and business interesta
"Besides," Mr.. Tilden said, "Mr. Ar
thur is a man OF ability, OF experience
and Of tact, and it is not probable that
he will, even If he could, commit any
act that might disturb the present
prosperity Of the country. The
change may affect individuals in the
Republican party and their personal
interests, but not the business OF the
country"