THE NEW YORK PRESS. EDITORUt, OPTNIOfS OV THB LEADING JOURNALS vroa ccbekni topics oompilkd Evkui DAT FOB THJt EVENINQ TKLEOBAPH. The Labor Ctlili, from the Nation, What with strikes, trades unions, and the eight-hour agitations, the labor market is un settled to a degree never before known; and not in this country only, but in France and England. The English artisans have not only brought their own organisations to great per fection, but they have succeeded in effecting a union with those of France and Belgium, so as to prevent the masters resorting, as they frequently have done, to either of those countries for labor during strikes at home. The bronze-workers and tailors, who are now on a strike in l'aris, are actually assisted in holding out by contributions from the English trades unions; and the control of these trado3 unions over their own members offers one of the best illustrations yet witnessed of the force of democratic government, of the completeness of the obedience which men will render to authority of their own creation, even when it has no physical force at its back. It is quite true that these organizations do exact, on all questions affecting the relations between em ployer and employed, a complete sacrifloe of individual tastes, opinions, and interests, and do iuiliot on anybody who disobeys their orders that most terrible of punishments, the reprobation of his own class; and this appa rent tyranny has called down on them the un sparing denunciation both of English and French economists. But then it must be re membered that nothing ehort of this kind of discipline will effect the object in view. Nothing but perfect union amongst the work men can give them their way as against the capitalists, and no penalties less severe than those now enforced would ensure this union. To abuse the trades' unions, therefore, for tyranny, is to abuse them for existing at all, and this, of course, leaves the main question untouched. The extension of the English organization to the Continent is perhaps the most striking result of the wonderful power of combination developed of late years amongst the working classes. It is partly the result of a congress held a year ago at Geneva, which was mainly managed by Englishmen, but which contained delegates from most of the Continental coun tries. The congress, however, was but a meeting ot an association founded three or four years before, and called the "Interna tional Association of Workingmen," which now numbers over 150,000 members in Eng land, France, Belgium, Switzerland, and Italy. Capital, wages, hours of labor, the condition of women, and various other subjects interesting to workingmen, were freely discussed at it ; an enormous amount of nonsense being talked, a3 might have been expected, the French and Italian workmen contributing the greater por tion of it. But although they came to some very well-defined conclusions on a variety of topics, the only practical result of the meeting was the establishment of unity of action as well as of sentiment between the English and Continental workingmen, so that the Eng lish can strike now with a tolerable eertainfy that they will not be broken down by importa tions from France and Belgium. The great strikes in England hitherto have been amongst the ironworkers, carpenters, and masons. Within the last mouth, the engine drivers have struck on some of the principal lines of railroad, causing such inconvenience to the public in the neighborhood of London as almost to throw the whole machinery of busi ness out of gear. They struck for higher wages, for equal wages for all capacities, and for promotion by seniority and not by merit. The rise of wages they carried, and compro mised on the other points a man passed over by the traflio manager having the right of ap peal to the board of directors in case he thinks he has been unjustly treated. But they re vealed in the course of the strike an amount of ability, good sense, modera tion in statement, and power of combina tion which has astonished all England and alarmed a considerable portion of it. They published a paper, too, called The Train, which presented their case with remarkable cogency, and yet with great self-restraint. The result was that they were met and reasoned with, both by the daily and weekly press, with an amount of respect and conside ration such as, we believe, no body of strikers has ever before received. In fact, the art of combination is being brought to such perfec tion in all the trades, that there will very soon ,u i-.ijgiauci wnicii will not be able to make its terms with employers as one man, while backed up by the resources of hundreds of thousands. In America the trades unions are almost as powerful, and strikes are as general if not as effective, as in England. But the American workmen wield one weapon which is not within the reach of their European brethren, and that is political power, and this they are now using very ireely to secure what no strike would ever induce capitalists to agree to, and that i the withdrawal from employers and employed of the power of iixing their relations by con tract. 1 he eight-hour movement, when it was nrst started two or three years ago, was laughed at by most men of intelligence out side the class who have appropriated to their exclusive use the title of "working men." For a little while it was little mora than mentioned n the press, aud was pooh poohed by employers as something utterly wild and chimerical, which was hardly worth serious opposition. But it has, nevertheless grown steadily, and is iu most States either producing legislation or in a fair way to pro duce it. By holding aloof from the two great political parties, and using their votes solely with reference to the eight-hour scheme the "working-men" have brought the political leaders to their feet, and now no convention ever draws up a platform without inserting in it a small parcel oi twaddle on the "riehts of lauor, auvucauug legislative mieriorence with contracts. In every canvass, too. desDrat efforts are made to fasten on each candidate the charge of hostility to this delusion, and the candidate makes herculean efforts to repu- 1 A.. - - 1 .-A i l 1A i ! i . .... uiaie viimi is iu reainy a iriuuie to Ms intelli gence. The thing has, as might be expected, a wouueriui Hibernation ior some philanthro pists and reformers who conlound sympathy wiiu me wuritnig-ciasses with participa tion in their errors and fallacies, and people who insist that the working-man will be injured by the forcible curtailment of his hours ot labor are denounced either as sel- llsn " aristocrats or coiu-hearted mon sters. At first we were informed that the object of the eight-hour restriction was to give the work'ncr-nian more time for "self-culture." and that if this involved diminution of wages, why, he was ready to submit to it as the less of two evilri. But we now hear from the West that this stage of the agitation has been passed, and that in Chicago, for instance, it is THK DATLT demanded that the fame wages shall be paid for eight hours' work as for ten, or. in other words, that while production is dinilnishod by one-fifth, the laborer's shard in the product shall be raised by one-fifth. What is more extraordinary is that there is a whole army of orators and writers all over the country who persist in believing or affecting to believe that if every laborer in the country works less than lie ever did before, he can still have Just as many comforts as he now enjoys. In reality, we might as well attempt by legisla tion to prevent people from being hurt when they fall, as to make the amount of comfort they enjoy independent of the amount of work they do; but, from present appearances, thero is no way of convincing working-men of this short of actual experiment. We confess that, in spito of the demonstra tions of the folly of strikes which political economists offer every day, and the homilies which the press so frequently delivers upon them, we believe they form as good a means as can at present be devised of fixing the rate of wages and the nature of all other relations between employers and employed. Inmost of the dissertations we listen to on the "iden tity of interest" which exists between labor and capital, it is assumod not only that the laborer's share of the product of labor will reach him through the natural working of economical laws, but that it will reach him at once. The fact is it does not. All the economical laws work surely, no doubt, but they work slowly, which is tantamount to saying that for awhile they do not work at all. When labor is scarce and capital plenty and profits high, laborers ought immediately to receive higher wages, but they do not. Employers do not go to them and say, "We can afford to pay you so much, here it is." They go into the mar ket and give as little as they can. The work men are poor, often ignorant, know but little of the state of the markets, and live from hand to mouth. They have not any of the means which the employer has of ascertaining what profits are likely to be or what labor is worth, lie gives them no access to his books, and they have no time to watch and listen and figure and calculate as he does. All they know of what profits are, or wages ought to be, is what he pleases to tell them. If they were to go to him singly and tell him they thought the Btate of the market entitled them to an advance, he could dismiss them, and dismis sal to a man acting alone might mean ruin or great inconvenience. So that the only way they have of ascertaining what their wages ought to be is by "striking;" that is, abstaining from work in concert by the pres sure of opinion on their fellows. If their wages areas high as is fair, employers will not eiva in; if they are not as high as profits will war- rani, employers win give In, and the laborer gets his due. Such a mode of settling a dis pute about an economical fact for such it really is is no doubt rough, and even bar barous, but it is the only one we have at pre sent. The interests of labor and capital are, no doubt, identical; but neither employer or employed believes them to be so, and act as though they were sure they were not. Each mistrusts the other, not altogether, through ignorance of political economy, but because both are human. We, therefore, confess that we think strikes and trades unions are the best, and until the co-operative system is generally adopted, and workmen are treated as partners, their wages made dependent on profits and not on the extent to which the employers can conceal the amount of their profits, and are allowed access to the books will continue to be the only mode by which contracts between laborers and capitalists can be based on justice. The abuse of them at present is due to the igno rance and want of culture, moral as well as mental, of the people who strike. But a whole trade abstaining from work by concert, and aiding the members to hold out by savings previously accumulated for this express pur pose, is, we think, not only a gratifying spec tacle, but the only means by which the con tract between the laborer and capitalist, as laborers and capitalists now are, can be made really free, and by which the laborer can be enabled to treat on equal terms. There is still in the relations of labor and capital a large amount of feudalism. The laborer is still in Europe, and to a certain extent here, in the position of a feudal servant, aud has not yet reached the dignity which political economists assign him (on paper) of a party to a contract. The growth of manufactures, too, in all countries, has thus far tended to perpetuate, in a modified form, it is true, and on a d:"erent sphere, the relations of lord and serf. Vhe mode in which all the great manu factures are carried on in England, France, Belgium, and here, by a few great capi talists employing small armies of ope ratives of all ages and both sexes, who live by fixed daily wages and are dependent for their bread on the employers' pleasure, and on the ups and downs ot the money market, and who cannot, by any fore thought or vigilance or influence they can exert, give any certainty or stability to the business in which they are engaged, is one which, we do not hesitate to say, is hostile to free government, and which will, if nothing better can be substituted for it, prove disas trous in the end. No community is in a sound or healthy condition iu which any large portion of the community is forced to commit its fortunes to the caprice or the ability of a few individuals, and in which the principal result of great production is the multiplication at the same time of very large iortunes and oi day laborers. Southern Reconstruction the Buttle- Oiouud of Political Parties Issues lu the Future. From the Herald. A lively contest has already commenced among political parties and politicians for the Southern vote and the balance of power whieli that is expected to give. It will increase in intensity as the process of reconstruction goes on, and we may expect to become pretty firm by the time the Southern States shall be de clared ready and prepared for readmission to Congress. This contest, in all its phases, is exceedingly interesting, particularly to the statesman who Btudies the present for the pur pose of divining the future. Old parties, w hich wore thought to be dead and buried, and existing parties, which are decaying and on the eve of expiring, raise their heads with the hope of a prolonged ex istence through the new political elements and ew state of things. At present the negro teems destined to hold the balance of political power, or rather the party that may be able to control the negro vote. The Democrats and the Republicans, im.i ...,, i, .i the few remaiuiiiu Knui! , n,.?.ant u'lili KnmliA . ... - ri HvvvuuiuuinLn. uin uuu uniiiiii , nu maKing the greatest etlortt to get las ballot. Tl.a f ,;Mia nr d making the greatest efforts If it 'IU. . pie who three or four years ago were slaves, and who hardly know their right hands from their left, have become all at once a great Power in this mighty and proud republic. What a revolution There is nothing like it in the history of nations. While in Great Britain the mass of the white raceof that EVENING TELEGRAPH PHILADELPHIA, MONDAY, great Anglo-Saxon race which has shown so much intellect and capacity for self-governmentare not deemed lit to have the suffrage, we have given it to the negroes just set free from slavery. This has not been done out of love for the negro, nor because he is deemed intelligent enough to have the suffrage, but because the politicians want to use him. The Northurn Democrats hope their ancient allies ot the South, who constituted the majo rity in former times, may be able to bring over the negroes to them. The old Southern Whigs are eaineetly at work, and are really making some headway in Borne of the States, to get the black vote with a view to supremacy in the South, and probably with a view to support the moderate Republicans against the radi cals. The Republicans of both the conserva tive and radical stamp have earnestly begun a sort of missionary campaign to convert the new-bom American citizens of African de scent to their party and views. This is all for political power the offices and spoils in the future. In this struggle it is not very easy to foreseo the result; for, as we said, the circumstances are novel and unprecedented. Still, looking at all the movements referred to and at the signs of the times, the radicals appear to have the best chance of succeeding. Wendell Phil lips, the great apostle and pioneer of radical ism, has proclaimed his political gospel, aud, doubtless, the lesser lights and less advanced of his party will follow him as they have fol lowed heretofore. Revolutions, it is said, never go backward; certainly, they rarely stop until they culminate in the most extreme measures. The Military bill of Congress, for the recon struction of tho South, is declared by Wendell Phillips as "one step only," and that "the ele ment that was coming next (that is, iu the progress of radical measures) would say to the South that the negro should not only have the ballot, but forty acres of land under his feet." He holds, too, that the South is not in a condition to be reconstructed yet that it should be held "by the police power of the nation (the military) for five or seven years, until the seeds of Republicanism are planted beyond the possibility of harm." Te this, he says, "the spirit of the people is already compelling Congress" to come. Here we see, then, the programme of this bold leader &i Republican radicalism the South to be kept out until the radicals secure a long lease of power, aud a large portion of the lands of that section to be given to the negroes. He does not urge confiscation in direct terms; but lie must mean that. How could forty acres of land be given to each negro without? Will the Republican party, or the majority of that party iu Congress, fol low the lead of Wendell Phillips ? That is the important question. Heretofore they have followed him, though more or less tardily, and though he has be-en a little in advance of them. Will Phillips' radicalism make such progress by the time say next winter the Southern States shall be ready under the Re construction acts of Congress to be restored, to shut the door against them for five or seven years ? Will "the spirit of the people," under radical instruction and inlluence, com pel Congress to this course? Mr. Phillips believes so. We shall see. Next winter we shall know whether the radicals can triumph ou the Phillips platform, or the conservative Republicans have the courage and power to deleat them. Such are the issues looming up prominently just now, to change, modify, or consolidate parties. Reconstruction is the great question of the day, and on that the fight will be made. But there are other great quustions that will come up shortly to overshadow old ones. Whether this one of reconstruction be dis posed of or not by the restoration or pro longed exclusion of the South, the new issues cannot be kept long in the background. First will come questions relating to our national finances, the currency, banks, the publio debt, and how to pay it, and a sound, equal, and economical system of taxation. Alter that, territorial expansion and political control of the whole of the North American continent. The negro will soon have fulfilled his mission as the all-absorbing element iu political warfare. Parties will be formed upon the new issues named. There will be a demand from the people for a reduction of the buidcn of taxation and of the expenditures of the .Government. They have borne heavy burdens during the war, and under that transi tion state of circumstances resulting from the war which we are passing through; bat they will not consent to bear these in times of peace. Any party that may attempt to keep ns in that condition will be ignored. Any party that takes lor its platform a reduction of taxation and an economical administration of the government, will secure the favor of the people. The New England policy of a high tariff for the benefit of capital and few manufacturers, which has governed the coun try for some time, will certainly be repudiated. The great and growing agricultural States of the West and South will never consent to be the hewers of wood and drawers of water for these local and selfish interests, aud they will be powerful enough to dictate a broader and more liberal policy of their own. The infa mous system of national banks, which takes from the producing classes the profits of their industry, and twenty milliomi a year from the Treasury, cannot be tolerated long. It is clear from the proceedings in Congress during last winter and this spring, aud from the tone of the press, that public opinion against this sys tem is growing mightily. Nor will the capital ists of the Eastern and Atlantio States be able to resist the views of the West and the people generally with regard to the currency. The clamor ior forcing specie payments, whereby the bondholders and the few rich may increase their wealth, and all the rest of the community be plunged into bankruptcy and ruin, will certainly be resisted. Such are the issues which will divide and reorganize political par ties in the future. Sectional and local interests must yield to those of the people generally; and upon this question the popular voice will be irresistible. We agree with Wendell Phillips that "the millions of voters and the great journals are more the Government thau the machine at Washington," and, we will add, than any party of a sectional or mere political character. The highly interesting problem is, then, what party hereafter will gain and hold the popular vote on the great and new issues that are looming up. Will it be the Republican -party, reorganized and purged of its New England sectionalism and radicalism, or some new one ? There is a lease of fifty years' power for any party formed on the right basis and upon the questions to which we have referred. The Republican Party and the Vote of the southern States. i'Vom the 2'imet. The Committee appointed by the Republi cans of Congress to supersede the regular National Republican Committee iu the gene ral supervision and conduct of party affairs, is entering upon its work with spirit and zeal. It does not confine itBelf to the distribution of documents, the usual work of the Congres sional Committee, but takes the whole politi cal canvass into its hands. It is organizing extensive subordinate agencies throughout the country, providing for publio meetings, and sending missionaries to propagate the" faith into the regions where they are needed most. We are glad to see that the Southern States are selected as the special field of their labors. Ibis indicates in the first place, a belief on their part that those States will be promptly readmitted to the Union, and will take part in the next Presidential election. Fears have been felt that Congress might repudiate the implied pledges of the Reconstruction bill, aud refuse to admit the Southern States, in spite of their acceptance of its terms. Language used by prominent members gave color of rea son to those fears. The action of the Con gressional Committee tends to disixd them Unless they expected the Southern States to participate in the Presidential election, and to resume their scats in Congress, they would not thus concentrate their party efforts on their conversion. This result alone will be of immense import ance. Since the war closed indeed, from the moment it broke out we have regarded the restoration of the Union as the paramount the supreme necessity of the country. Our strength, abroad and at home, our aelf-respect the preservation of our liberties, the main tenance of our Constitution, the perpetuation of those great maxims and doctrines of civil liberty which give worth and value to our national existenoe, depend npou the restored integrity of our National Union. When that shall have been accomplished we shall resume the regular, natural course of our national development and growth. The extension of Republican principles and measures of government to the South is a legi tiwate object of party effort, and essential to the publio welfare. If Republican princi ples h;,d taken root in the South when they did in the North, we should have had no re bellion. Sectional parties must always be the curse of the nation. The best of all guaran tees against a renewal of sectional strife is the annihilation of sectionalism in party action. The public safety demands that, while thore is a powerful Republican party in the North, there shoiild be one in the South also. Whether it shall be dominant there or not is a secondary consideration; but the ideas feelings, prejudices, organization of any party which may control one section of tho country must have root, friends, and strength in the other also. The party which has possession of the Government must have allies and adhe rents in every part of the Union, else dis union becomes natural and inevitable. The Congressional Committee is opening a political campaign for the purpose of making the Southern States Republican or at least of organizing and building up the Republican party in the Southern States. Whether they succeed or not, and whether their success is desirable or not, depend on the scope of their purpose and the means they adopt to carry it out. It looks a little as if their determina tion was to convert the contest into a struggle of races to array the blacks and whites against each other to convince the blacks that the whites are their foes, and that they must not act with them politically. The character and antecedents of the missionaries they have selected the tone of the speeches they have thus far made, and the general temper in which the subject is disoussed by their leading organs, suggest suspicions of this kind.. We can tell better when the can vass is more advanced. If the Committee prompt or countenance, through their ageuts, the preaching of confiscation as a Republican principle in the Southern States, their final purpose will be no longer open to doubt. It will then be clear enough that not only hos tility, but a war of races, falls within the scope of their endeavors. We confess our expectations of Republican success in this canvass are not high. The time has gone by when the Republican party can hope for aid and support in the South. A wise and generous policy, charac terized by confidence rather than hatred, and relying on interest rather than force, adopted two years ago, would have made one-half the Southern States as thoroughly and reliably Republican as New York or Indiana. The adoption of such a policy is no longer possible, nor if it were would it have the same effect. The Republicans now rely for this result on separating the blacks from the whites and car rj ing the elections by the negro vote. We do not see any great chance of their succeed ing. Missionaries from outside, tracts, speeches, exhortations, and kindred influ ences, however zealous and strong, will always be weak and impotedt as against the daily contact, the mutual depeudence, and the constant pressure of business and of social activity. This always has been the case, and it always will be. It is so in the North, in spite of the intelligence and independence w hich characterize our people. The laborers in the mines of Pennsylvania vote in the main with their employers. The mass of the workers in Lowell and in Lawrence, and everywhere else, vote with those who give them work, not from compulsion or from fear, but from conviction, or at least from preference. They naturally act with those on whose capital they live. Their first and strongest feeling is that their interests are the same that they must stand or fall, prosper or pine together. And no amount of politi cal propagandisin ab extra succeeds in putting them apart. There is every reason to supposethat the same thing will prove true in the Southern States. The blacks and whites in the main will go together. There may be temporary and local separations, but as a general thing, and in the long run, the whites will plan the campaign, mark out the programme, nominate the can didates, and the blacks will help elect them. And probably one of the most important of the results achieved by Congress, iu the en franchisement of the negroes, will be the increase of political power which it thus con ferred on the Southern States. What I Conservatism 1 From the Tribune. In nothing is the beneficence of the Military Reconstruction more strikingly evinced thau in the changed tone of the journals that, in its day, were the oracles of the Slaveholders' Re bellion. True, they do not profess a "change of heart," nor had we a right to expect any. Their feelings, their impulses, are little bet tered; but the situation is utterly changed, aud they fully realize the fact. Read and won der at such sensible, moderate inculcations as the following, clipped from a leading editorial in the Richmond Examiner: "KAKT1RS IN THE SOUTH. "The Charleston Mercury, lu a recent issue, somewhat cluborntely arRued oguliiMt the for mal ion of parties In the boutheru blates. If by this Is nieuut to deprecate the revival of old ijurly names, issues or differences, there cun be no doubt of the wisdom of the advice, and of the wickedness ol neglecting" It. Hut If our contemporary means tooouusel a happy-rurally banishment of all political organizations what ever, he will find out, before the mi miner sol stice, that no protest will avail to that eud. The white and black people ot every Bouth ern Hlste will divine themselves, as the whim people of every North rn Htaie, aud the bluoks Id the lew Northern States, where tliey have political rights, Into two partita, ou the Issues ArEIL 29, 18C7. most materlnt to'tliem the Hadlcal and Con servative parties. i 'Tattles are the Inevitable growth of srov erninents. They elsl in all.-but oousph-n-ouidy In those, in which a huge IxxJy of the people participate In the choice of leaders. We may protest as earnestly as we ploaso against parties in the Bouth, but parties are not made or uDniHde by protests; they are made by no UiIhr; they grow. ..... . , "Nor Is there anythlnn in the prospect of fisnlesln UieHouth which should occasion the lonest conservative people any alarm. If the radical party, or the Republican Union party, or the Jacobins In short, by whatever name they are called cannot be beaten on their rtoord lu every Southern Htate, It will arise simply from one of two onuses the Ignorance of the blacks, or the Indifference and folly of the whites. . - . "It Is undeniably true that conservative people of Virginia may lose power, now and iorever,ln Virginia, by resisting the Inevitable, by sullen inaction, or by a haughty and un generous Course towards the disfranchised. 6 lit It Is equally true that with an honest oxe cutlm ol the late acts of Connross. however cunulntily devised to destroy us, with a frank aud fair treatment ol the colored people, such ris a Virginia gontlenaan was proud to accord them when they were slaves, aud with frleudly explanations and advice, such as It becomes us to extend them, any respectable white and colored man in Virginia can be satisfied that as an American citizen he should labor for the dectrucllon of the radical party. "What we want especially In Virginia Is a framework on which to begin building a con servative party. Houth Carolina, Florida, Loulxiana, aud Tennessee, have alrexdy moved lti this matter, and with the happiest effect. The best ol the colored people in those States will vote with those hy whose side they work, in whose neighborhood they were born, and near whom tliey will lie in death. Hut here nothing has beeu done to counteract the wiles of those who, for selfllsh ends, are urging the colored people to a position of hostility to the whites.' The above are not our views, certainly; but, as the Examiner's, do they not evince a gratifying progress 1 What that journal pro poses is, that those whom it distinguishes as the whites of the South, by argument and by general deportment, convince the blacks that they ought to vote as those whites do that is, against the Republicans. Who can object to this effort ? Lot us' suppose now the editor of the Examiner before an assemblage of blacks, en deavoring to persuade them to vote for his ticket; and one or another of the negroes shall see fit to propound to him these questions: "You say, sir, that we ought to vote to gether: admit it. Now, then, why assume that the requisite accord is to be attained only by our voting with you t Why shouldn't you, rather, vote with us ?" "You call yours the conservative ticket, and urge its support on that ground. Very well; we are conservatives; we have recently beeH blessed with freedom and equal rights, and we are anxious to conserve, to secure, to perpe tuate them. v ill you show us how and wh voting as you wish will achieve our end ? If it will do it now, would it have done it two If not, what has produced the years ago? change ?" "You indicate hostility to the radicals a3 the basis of your political action. Tlease state irankly whether we do not, under (iod, owe our opportunity to vote at all to radicals ani radicalism ? But for them, should we ever have been honored with the address you are about to make us ? In short, do you not detest the radicals mainly because they have made us free and constrained you to seek our votes?" Wouldn't the editor be somewhat bothered to give plain, straightforward answers to these .questions ? The Selma Daily Times even iiore ration ally and practically accepts the situation, as follows: "in entering upon theworkof reconstruction, let us not impede it at the outset by that old lii.uibon error of learning nothing aud forget ting nothing. Ho far as Is possible, we mast discard the bitter feelings and memories or the pst, and act rationally and philosophically. True, we are not permitted to devise Mid scbeiuh of reconstruction; that has been de vised by Congress, and to us Is left the mere mechanical work. Our work, when consum mated, will embody a design conceived aud mapped by an architect who consulted more Lis caprices aad prejudices than the harmonies of the architecture or the convenience of the builders; but while our work will be unplea sant and purely mechanical, we should execute It well and thoroughly. Not only is the design, but the materials for the structure are fur-nit-bed us. These materials are not the Parian marble, nor are they such as we would have selecteu; but such as they are we have to use them. "We are now, as It were, out of doors, without a roof to shelter us and our families. Let us so constiuct the building we are to dwell iu as to renuer it as eomtortable as circumstances will allow. We are much mistaken If such be not the course dictated by prudence, common sense, and patriotism." All this is wise and commendable; but in what sense does it tally with conservatism ? What is it that "the South" labors to con serve? and what is her present conception of conservatism ? We know what it was in 1854, in 1800, in 1861, in 1865; but what is it in 1867 ? and what does it promise to be in 1868? The Coming Crops. From the World. The attention given this year to cultivating grain, particularly wheat, is very significant. It will be seen from the extracts which we print elsewhere that accounts from all sections of the country represent that an unusual quantity of wheat has been sown this spring, and unless the weather should prove unfavor able the crop will be exceedingly large. "The high price of flour has given an impetus to wheat raising again in New England," says the Springfield (Mass.) Ilepublican, while, ac cording to the Milwaukee (Wis.) Sentinel, "the number of acres sown (with wheat) in Wisconsin this year will be at least thirty per cent, greater than last year." Similar reports reach us from the Southern States, though in these a very large quantity of com has been sown as well. As regards these latter States, it is plain that the people of the South have determined to provide against the dearth of food fcfroni which they suffered last winter, and are still suffering. Last year they devoted their energies to raising cotton, stimulated thereto by the then hih price of that staple, and calculating to purchase their grain from the Western States. The result we all know. Should the grain crop of the South this year equal or even approach the expectations founded upon the number of acres sown w ith corn and wheat, there will be no scarcity of food in that section after harvest time. The particular inducement to the Northern and Western farmers to plant wheat is the high price which it commands, awing to its scai city, as we showed in a recent article. While, however, the supply for the coming season promises to be very large, a new ele ment in the problem is the prospect of a war in Europe. Should this occur, there will be a large foreign demand for American grain, which will have a material influence in keep ing up prices. It is probable that there will not be such a scarcity of wheat during the coming crop year as there has been during the present one, provided, of course, that the weather does not prove unfavorable; and, iu reference to this latter point, it may be men tioned that the recent fall of snow in portions of Wisconsin has caused considerable appre hension concerning the wheat crop in that State, which has given rise to no little specu lation in this market. To the community at large the yield of the next wheat crop is a matter of serious interest. Among the causes for the demand throughout the country for higher wages is the high price of flour. This cause removed, there will lie one less obstacle in the way of returning U lower prices in other things. Thore U, there fore, every reason for hoping that the unusu ally large quantity of wheat planted this spring will yield a crop adequate to the wants of the country. A Few SlgutAcaat Figures, From the World. Mr. Gladstone's recent eneomium upon "the courage and forethought of the Ameri can people," in bearing a burden of taxation which, "both in amount and kind, makes their conduct a marvel," is undeubtedly just, so far as 'bearing the burden" is . con cerned; but when the ex-Chancellor of the Exchequer dilates upon the rapid reduotion of our national debt, his remrrks are not so well worthy of indorsement. To be sure, the purpose of his laudation was to improve nia political prospects rather than to say a kind word for the United States; but his words have received an interpretation on this side of the water which is not war ranted by the facts in the case. The debt 0 Le, V,lited Slalea August 31, 1805, r.?V? ?30UW and on April 1, 1837, AO0J,()()O,OHO, showing an apparent reduc tion of 1183,000,000 in nineteen months. Bat of what did the debt consist at each of these dates ? In round numbers, on the 31st of August, 1867, the debt in coin was 11,0(10,000,000, and that in currency was i,S40,0UU,000; while on the 1st of April, 1867 the coin debt was $1,500,000,000, and the currency debt $1,163,000,000. The main por tion of the national debt was contracted when our currency was worth less thau 74 cents on the dollar (the equivalent of gold at 135 ); but assuming this valuation as a basis of calcula tion, a comparison of the amount in coin of the debt at the two periods mentioned results as follows: August Si. 1813. Debt Id coin... tl.uou.ooc.OOO, April 1, 1M7. Debt in coin... H.SuO.OOO.OOfl Debt lu cur raney at74a, 1 an above..... 860,000,000 jjviji iu cur rency at 74c, as above l.SW.Oiu.ooo1 Total..... fcUw.ooo.OiXi Total , (2.360,1100,000 This shows a reduction of but $6,000,000 in nineteen months, and those months very favorable for the collection of a large amount of revenue. The inference is obvious. The national debt is not going to melt away like mist before the rising sun. Its pressure has not begun to be felt as it will be, and as the signs of the times indicate that it is to be ere long. And so long as Congress appropriates millions to the Freedmen'a Bureau, and in creases the salaries of its members by 60i per cent., and expends money with a lavishnesa that would be reprehensible even if the na tional treasury were full to overflowing. thr is no likelihood that the national debt will be so much reduced as that taxation will be ma terially lessened, Mr. Gladstone to the con-' trarynotwithstanding. SPECIAL NOTICES. K" NOTICK.-TI1E STOCKHOLDERS OP the IVfeHYLVANIA KAlLdtOAL) COM "APY (pursuant to udjouruuieat had al their annual meeting; will meet ui Concert Hall, No. 121V CH1&S JXUTblreet, In the City ot jPlilladBlphia. ou TUiiM 1A , tue SUth day of April, A. D. 167, at 10 o'clock A. M.. and notice iu hereby given that at mild meeting the Act of Assembly, approved March 22d, lt7, en tilled "Ao Act to repeal an act entitled 'A further supplement to the acl incorporating tbe Pennsylvania Km I road Company, authorizing au inoreaae of capital stock and to borrow money." approved the twenty lirst day of March. A. 1. one thousand night hundred aiid Blxtyitx: and ulo to authorize the Pennylvania liullroad Company by this act to Increase its capital Block, to Issue boncla and secure tue same by mort gage:" approved the twenty-second day of March, A. I). I(i7; a proposed increase thereunder ot the capital slock or this Company by 8uo,UK) shares, and tne Issue of the buiiic trom time to time by the Board ot Directors, aud the proposed exercise by the said Hoard of Directors of ih9 powers granted by the said act of issuing bonds aud securing the same by mort gages for the purposes in the suld act mentioned aud wlihin the limits therein prescribed, will be submitted to the Stockholders lor their uclion lu the premises. Hy order 01 the .board id Dlreclois. 46tf JOiMUND SMITH, Secretary. ff MERCANTILE LIBRARY COMPANY. , , tuiLAiijcLeuiA. April 16. 1S87. A t-peclal Meetlnu ot the (Stockholders will be held at the Library ou TUESDAY, the aoth lnsu, at 8 o'clock 1J. M in order that tbe Board of Maua.-ers may submit a report of their action lu the purchase ot a uew bulldlug, aud lor other purposes. 415Ht rterording Secretary protein. JUMiN U. UKANUEB. I- LIBERTY HALL, L3MBARD STREET, "ff helow Klghlh. The DELMONIOO COHJiKT BAND will give a Urnnd Complimentary Farewell Concert to Mr. A. B11KU1B, on MONDAY 12VKN1NU. April 2Uth, JSb7. Several fuvorlte vocallBts have kindly consented to sing for the occasion. Also, Mr. X. J. IJUNViatS, known us "Mario," ano Mr. IRA D. CL.!', have kindly voiur.leered their services. 2721 fcT OFFICE OF THE PHILADELPHIA AND illANKFOltD PASSKNUKH KAlft WAY COMPANY, No. 2a FRANK OKil ROAD. .., PiMLADELeiUA, April U, 18(17. All persons who are subscribers to or holders of the capital stocn of this Company, and who have not yet paid the sixth Instalment or Five Dollars per share thereon, are hereby notified that iiiu -ui.i ui.ii, in stalment has beeu called, In, aud that they are re quired to pay the same at the above ollice ou the loth oay ol May next, 1 mi 7. Jiy resolution of the Board of Directors. M m Jacob binder, President. K&f OFFICE OF THE LEHIGH COAL AND NAVIUA'JTON COMrANY. m, , . . . , P-iiLAUKi.eniA, April 20, 1867. The stated Annual Meeting ol the .stockholders of this ( ompany will be held at the HOARD OF TRADK lcOOftls, north side of CHKHN'UT blreet. abova FIFTH, ou TUKaDA Y MoRNINO, the 7tU day of May next, at hall-past 10 o'clock, after which au Klec tiou will be held al the suuie place tor Ollicers of the Company for the ensuing year. The Election to close at l P, M. ot the same duv. 2 JAMES 8. COX. President. Kgf- NATIONAL BANK OFT1IEREPTJBLIC. . , d'"ii.AiKi,PHrA. March lit, 1HH7. In accordance with the provisions of the National (urreuey act.and the Articles of Association of this Bunk, it has beeu determined to Increase the Capital block of this Bank to one million dollars (l,0ou,U(O), butmcriptlons from htuck holders for Uiesliarcw allotted to them in the proposed Increase will be payable oa -the second day ol May next, and will be received at any time prior to thai date. A number of shares will reuiaiu to be Bold, applications for which will be re ceived irom persons desirous of becoming -Stockholders. " By order of the Board of Directors. gl8?w JOSEPH P. M UMFORD. Cashier. 135?- WE8T JERSEY RAILROAD COM-' -I AI1 X . TRP.ASI'BKB'S Officb, ,. . Camukn, N. J. April a), 181.7. 1 ..ouui.ru in jnreciora nave thl day declared a semi-annual Dividend of FOUR PKR CKN r. on the capital stock of the Company, clear of national lax, payiible at the Ollice of ihe Company, In Camden, ou V,,u."Jr the fourteenth iav of May prox. 4.7 Lit OEouuK J. RciUill.N.s, Treasurer. fqgp BATCHELOR'3 HAIR DYE. THIS J-" splendid Hair Dye is the best lu the world. J he only true ana , fec,t 7j-Harmies8, Reliable, lu sianiaiieous. No diappoiuiment. No ridlcuous tiula. Natural Black ir it-....,.. ,n... ., m ,.n. ...... W It I I , V ' 1 1 . AVIIIOUIW HO 111 Ul FY"'" J"vigoraies the hair, leavim; tt soft and lil-Tiitr..8 ,'"""'e Is signed WILLIAM A. Zi , ,1 Ti . i u others are mere Imitations, and should be avoided. Bold by all Drugglals aud Per luniers. Factory, No. w BARCLAY (Street, New t)fk- . 4 6fmwt fggT HOLLO WAY'S PILLS AND OINT meut Ulcerated Leg, Numerous individuals. who were lor many years allllcted with old cancerous Bores or ulcers on the legs, and had tailed to ix'ocure a remedy either from private practice or publio hospi tals, have been speedily cured byahhort ooursa of these Invaluable medicines. In all disw, - this nature, the united action of the Pills aud Ointment Is required. (Sold by all Druggist"; 2 fsiuHt NEW LOJiDON COPPER MINING The A i l ii 1 1 ,i i Mu..ilnir of tbe Block holders, fbr OMPANY. Flection of Directors, ill be held ou TM UKbDAY, Way 2, at No. VM U. i'KONT htreei. at I P. M. 4 24 71 bXMUN , (secretary.