TEE NEW YORK PRESS.
JDITOBIAl" OPIKIOBB OF TH I.KAPIHO JOIJHRA.LS
tPOH CCBBKHI TOPICS COMPILED EVBHT
DAT FOR THB EVBNrsO TKLBOBAPH.
Our Industrial Prospects
Prom the Tribune.
We 87 industrial where most would write
commercial, because we hold commerce but
subordinate aud auxiliary to industry. We
solicit the grave attention of our readers to
'the future that opens before thom, whethor
they be producers or exchangers of wealth, j
' During the last fortnight, about five mil
lions of dollars in specie were exported at
least double the product of our nilnea and
washiDgs during that time. No special de
mand compelled this efflux, and it seoms pro-
, table that, ehould our currency and our tariff
jemain substantially as now, we shall con
tinue to export specie nearly or quite as fast
aa we produce It for the next generation. Ia
; other words: We shall rapidly exhaust the
'mineral treasures of our soil, to fill the coffers
of Europe and Asia, without reserving any
, considerable portion of the product for our-
Now we have no superstitious, idolatrous
regard for gold and silver. We value them
only as a kind of wealth which endures. We
" grow each year several hundred of millions',
worth of grass, grain, fruits, vegetables; but
the next year sees the last of them, and it is
thenceforth as though they had never been.
But one hundred millions of gold produced
and not exported is mainly so much added to
our abiding wealth to the wealth of our
Children and their children. Hence, we cannot
agree with those who delight to see poor men
lavish and rich men ostentatious and prodigal.
Jlenoe, we deprecate the exchange of our hard
won specie for laces, gewgaws, and frippery
that ''perish in the using." For our children's
children's sake we wish the duties on imported
'metala, wares, fabrics', and all luxuries were
doubled; in part, because we would largely
and rapidly expand and diversify our home
Industry, but in part also because we would
diminish our imports and save the gold and
the bonds which are continually leaving us, to
swell the wealth of Europe while impoverish
ing and embarrassing our posterity.
Our crops, on the whole, promise well,
though the season has thus far been exception
ally rainy, and great losses have been experi
enced from inundations. We shall have more
than average yields of grass and grain, and
(we judge) a fair crop of cotton. But last
year's cotton brought prices far below the
general expectation of planters; while nearly
everything we Bend abroad now rules lower
than it did a year ago. We shall probably
receive less by twenty per cent, for our ex
ported produce of 1867 than for that of 18G6.
; Is it not plain, therefore, that we ought
systematically to take in sail to live more
frugally, pay debts, instead of incurring
them, import less, spend less f Ought we not
to-day , to be recalling and redeeming from
JSurope the bonds which, in the agony of our
great struggle, we sent thither for sale in
stead of the produce that we could not spare 1
How long can we go on exporting at once
gold and bonds the wealth of the present
and the wealth that our children must pro
duce? Our debt to Europe does not call on
us for a fraction less than sixty millions of
dollars per annum as interest alone. That is
to say, if we are never to pay Europe our
present debt, we most send her sixty mil
lions per annum more than the cost of our
imports in order to pay the interest on what
We owe her. While our national existence
was at stake, we could think only of preserv
ing it; but now that we have peace, should we
Sot resolve on and combine to secure a prompt
arrest of the policy which is stripping ns of
specie and sinking us deeper and deeper in
debtr
Two months after the overthrow of the Re
bellion, the premium on gold measuring the
depreciation of our paper currency ranged
from 25 to 30 per cent. Our bank credits were
far less expanded, our aggregate of personal
indebtedness was much less than now, and
we might have resumed specie payments with
scarcely an effort and no seriou3 convulsion.
To-day, the premium on gold hovers about
40, and tends palpably upward. Our last
bank returns show an increase of loans and a
deorease of specie. The Stock Market proves
that the knowing ones look for still further
inflation and debasement of the currency. It
is whispered in speculative circles that the
Secretary of the Treasury is at length "all
Tight" that he will cancel and burn no more
greenbacks, and will redeem no interest-bearing
debt, save under legal compulsion all in
the interest of the National banks, which, it
is represented, cannot abide any further con
traction, but prefer to increase their loans and
issues. We do not know what may be the
fact; we do know that the whole kite-flying
crew are in clover, and act as though they felt
sure that the Secretary had been "seen."
And it is certain that we hear from him no
new utterances having the sterling ring of the
Tort Wayne speech of two years ago.
One voice can be heard but a little way at
lest. The inlluence that would postpone
resumption indefinitely while working'steadily
and rapidly the bellows of inflation," would
seem for the time uppermost in Congress, in
the Treasury, in back parlors, and in business
circles. We can but protest and wait. Yet
When we are told that the Bank of Eugland
did not return to specie payment till six or
Seven years after the close of the great Napo
leonio wars, we can respond that we see in
Operation all around us the influences that
produced that delay that those who profit by
our Irredeemable currency never did and
never will voluntarily return to solvency and
responsibility.. To make your own note and
pass it off for money, promising only to redeem
it when required in the note of some one else
who does not redeem at all, is the l'aradise of
Idgh-flying bankers and speculators, but we
cannot see how it conduces to the well-being
Of the masses or to general, enduring pros
perity. Powerless to reverse, we simply pro
test, and bide our time.
General Grant aa the Kxecutor of tna
Kacouai ruction Law.
From the Times.
The authority of which Congress has de
prived the President in the matter of recon
struction has been transferred to General
Grant. The President may, indeed, remove
the diatriot commanders, though for his own
Sake we trust that he will not be rash enough
to make the experiment. Beyond this, he ia
a the reconstruction question practically
powerless. lie can neither instruct the com
manders as to the application of the law, nor
wrest or reverse their action in regard to re
movals, appointments, or the interpretation
they giTe to particular provisions. ' Their ac
countability will henceforth be to General
prfcut. lie is the sole judge of their proceed
THE DAILY EVENING TELEGRAPH PHILADELPHIA, THURSDAY,
ings the only functionary to be appealed to,
the only arbiter in capes of doubt or conflict.
It ( fleet, therefore, he is now the administrator
of the law. Whatever "rod of despotism" it
creates is in his hand. The "armed heel"
which Mr. Johnson deprecates is the "armed
heel" of General Grant. Uis is the task of
supervising the execution of the law, and
while guarding the guarantees it exacts, avert
ing the abuse of which its vast Boope is suscep
tible. This transfer of executive authority, clash
as it may with received notions of the Presi
dential office, will inspire a confidence which
hag unfortunately not existed under Mr. John
Ron's administration of the law. In this
respect he has no doubt suffered somewhat
unjustly. His error has not consisted in
Degiect of duty aa an administrator, but in hia
failure to epprftdate the spirit and purpose of
Congress, and in enforcing his interpretation
as against its manifest intention. Fairly or
unfairly, however, the fact is undeniable' that
a painful lack of confidence has been felt in
the disposition of the President in
will of the represented States. While we be
lieve thftt he lifts triad in Ai l.ia A,t . 1,.. ...
" " win uuvr aa no uu-
derstands it, there is no escape from the con-
nuowu mill ma views onuie sumeot have been
more in harmonv with th
. r ---w v VA-HJ AMI TV
than with its friends. i
By vesting supreme authority , in General
Grant. Coneress has removed th
many fears. . Goncres will tin innmr l.a n
doubt as to the fidelity with which the law
win be applied, batisfied with the guarantees
it provides, the Northern people will feel
assured that these euarauteea will li faith.
fully exacted. For though opposing parties
contend for the possession of General Grant as
a politician a character ha wiapW
the country has unlimited faith in his devo-'
tion to the principles which have been conse
crated by the war. The official correspondence
between the Government and the Military
Commanders, published a few days ago, has
afforded remarkable evidence of the thorough
ness with which he apprehends, and the
sagacity with which he applies, the spirit and
purposes of the law-making powers. With
out obtruding himself in the newspapers,
it is now apparent that he has quietly aud
sedulously endeavored to sustain the law in
its integrity, free from the theorizing and the
fanciful distinctions of the Attorney-General.
His correspondence has been with the
district commanders direct, and in every in
stance his action was in their favor. Sheri
dan's removal of Governor Wells, and Pope's
course touching paroled Rebel ofilcers, re
ceived his heartiest approval. On both occa
sions his support was rendered under circum
stances which imparted to it signal value.
The same unfaltering adhoi enoe to the dictates
of the loyal sentiment of the nation as opposed
to the mischievous opinion of the Attorney
General, dictated his despatch to General Ord.
"The duty of the Board of Registration," as
Grant understands it, is "to see, as far as it
lies in their power, that no unauthorized per
son is allowed to register." The publication
of these despatches was not necessary to the
vindication of General Grant's position. On
that subject Democratic newspapers have not
succeeded in hoodwinking the people. But
occurring at this period, it has served to clear
him from all suspicion of affiliation with, the
President, and to demonstrate his calm but
unfaltering attachment to the views which
Congress has embodied in its legislation.
- On the other hand, the South cannot justly
see in General Grant's execution of the law a
fresh cause of uneasiness. Inflexible in his
loyalty, he is also generous in his treatment of
the Southern people. The terms of surrender
he dictated to General Lee afford the best
illustration of his magnanimity, lie will not
shrink from doing all that may be necessary
for the completion of reconstruction, but he
will allow nothing to be done in wantonness
nothing for the gratification of partisan ma
lignity, lie will carry out the law firmly, but
with a desire as speedily as possible to attain
the end it is intended to reach. In connec
tion with this estimate of his course, it is in
teresting to note the epitome of his testimony
before the Judiciary Committee, furnished by
the careful correspondent of the Boston Ad
vtrtisir: "lie said In effect, as Is nnderstood, that he
had not thought it his province to meddle iu
politic; that he had never been asked by tlie
President for his advice or opinions ou political
matters; that In all he had said about the neces
sity for early restoration of the Union he had
spoken us a military man and as a citizen, aud
not as a politician; that in his view military
rule ought to cease as soon as possible consis
tent wltu Justice and safety; that the Southern
people themselves should be anxious for the
restoration of the civil authority; that he hud
always understood the President's work In the
Bouth bh of a temporary character, and at most
as but an aid to Congress in setting up the civil
Ooverumenls; that he has not i-ympatht7.ed
with the President in his conflict with Con
gress; that he thought the fixing or terms of
j econst ruction was a matter belonging to Con
gress; that In his Judgment the boulU made a
grave mistake In not long ago hearti'V accept
ing the terms offered; that he stood firmly by
the Con Kresoional plan, and that he was anx
ious now, aa he bad been ever Hiuoe the end of
the war, for the early restoration of the Rebel
Stat es to the privilege of representation in Con
gress." These are the opinions of a statesman quite
as much as of a soldier. As a soldier he has
not deemed it "his province to meddle with
politics," but his knowledge of the situation
of the circumstances of the South and the
fixed determination of the North enabled him
to detect the blunder of Mr. Johnson's policy,
and the "grave mistake" of the South "in not
long ago heartily accepting the terms offered."
Military ambition does not sway his judgment.
"In his view military rule ought to cease as
soon as possible, consistent with justice and
safety."
It the North, then, may repose unbounded
confidence in the hrmness aud loyalty of Gene
ral Grant, it is equally evident that the South
may accept his possession of additional autho
rity as a pledge against unnecessary harshness,
and a causeless prolongation of military rule.
A man who upholds the legitimacy of the
work of Congress, and looks upon military
government as a temporary expedient, to be
terminated without needless delay, may be
safely trusted with the great responsibilities
vested in him by the Reconstruction law.
Tba Reign of Terror In Mexico.
From the Tribune.
Hard task as the Mexican Republicans found
it to resist the French and overthrow the Em
pire, we fear there is one harder before them.
The expulsion of the invaders gains little for
Mexico, unless the nation makes worthy use
of its victory; and it was easier, perhaps, for
Juarez to maintain unequal war for years, to
fight battles without armies, than it will be to
organize order and reestablish upon true prin
ciples the Republic. Mexico is unaware, pro
bably, bow far behind the civilization of other
countries she has drifted. The world has sped
on, and Mexioo, for twenty years, has been
motionless. Foreign aggression aroused the
patriotism of the people, aud that was a gain;
but it has also excited ferocity and revenge
that are loss. . Hitherto in the history of
Mexico the sequel of every victory has been
the birth of a new struggle; war has arisen out
of war. If we may trust the recent news, the
viutorg are now without the h ast dsire to
establish a-true peace; enough blood has not
been shed to make Mexico free; hr new Gov
ernment, like the Palacs of the Fijis must
1 built upon the 1kh..s of human victims or
the foundations will be insecure. Mexioo
scorns the sympathy so frly given by the
America people; she resents as an insult our
plea for mercy to her conquered foes; but this
should rot lessen our profound regret that the
triumph of republicanism should also be the
triumph of barbarism, and that the first act of
ine Liberals should be the proclamation of a
i Reign of Terror throughout the unhappy lanL
A reign of terror it lias been since the Em
pire fell. What were the executions of Maxi
milian, of Mejia, of Miramon, but terrorism!
They were justified upon the ground that it
was necessary to teach European usurpers a
Hteru lesson. France was to bo frightened,
Austria humbled. That justice demanded
these executions wa3 an after-thought, and
whether the cruelties of Maximilian be true or
false, it was not for them that he was shot.
He was killed in tho rage of a semi barbario
people. Mexico said to Napoleon, "You sent
' us an Emperor; we return what remains of
the Empire," and threw the corpse of Maxi
milian at tho foot of the throne. This was an
J act of absolute terrorism. So it was with the
executions of Miramon and Mejia, intended not
as pure acts of justice, but as threats to
other ambitious Mexicans who might dare
to become the rivals of the victors. Pre
cisely such terrorism was employed by Louis
Napoleon when, in the roup d'etat, his troops
poured volleys of death into crowd of inno
cent citizens in the streets of Paris. It was
his policy to strike such a blow as would
appal France, aud he succeeded. But it is
j not certain that Mexico will succeed, for
j though a despotism may be based on a policy
; of murder and fear, a republic must rest upon
j principles of magnanimity and justioe; and if
i sucoess should be thus obtained, it will be
like that of Napoleon but for a time. The
: Liberals intend to crush the Church power, as
the ally of the foreigner and the traitor to
the nation, and here again is the Reign of
i Terror. To destroy the political influenoe of
me pnesm, tney uesecrate the churches ;
because it is necessary to make the State free,
they destroy the convents and assault the
nuns. Everywhere the strong, rough hand;
uudiscriminating revenge; the frantic rule of
terror, instead of the calm, Inexorable sway of
justice. But we may rest assured that those
whp would succeed by making others fear,
tremble themselves, and the moral is one
which Mexico might profitably study.
Mexioo has shot Maximilian, aud chills for
ever the ambition of Knropean Archdukes and
emperors; she may shoot Santa Anna as she
did Miramon, and silence for a time domestic J
faction; she may massacre her nuns and I
priests, and so break the political power of
the Church. The Reign of Terror may extend
thus far; but we submit that it cannot reach
the United States. It may be true that Esco
bedo has raised the cry of "Death to all
stiaDgers," and predicted that the time will
come when Americans will be begging for
their own heads, instead of for the lives of
Austrians, but we do not shudder at the an
nouncement. We know that the civilized
and Christian sentiment of the United States
is resented by the Mexicans, aud that all the
moral and diplomatio aid we gave the
Republio is considered worthless compared
with our horrible effrontery in asking for
the life of Maximilian. This unexpected
return from a people to whom our warmest
sympathies were given, does not lessen
but increases our wishes for the success of tho
republio, yet it adds to our doubt of its suc
cess. We do not believe that one threat of
Escobedo will be carried out; for were such a
policy adopted, there is danger that those who
first began it would longest feel it; but its
mere suggestion shows what dangers Mexico
must meet. The republic has begun badly; it
has already lost the respect of Christian
nations, and threatens to challenge their
enmity. Liberalism is no sooner triumphant
than it assumes the form of tyranny; the
republio becomes a despotism; the victory of
the nation is the defeat of its civilization;
peace, after a long struggle, is won, and,
behold, it is established as revengeful and
barbaric war. For the republio thus begun
the future is dark; and unless wiser counsels
than those of Escobedo are to govern, there is
grave reason to fear that Mexico will forfeit
every advantage she has gained, aud will
renew those fratricidal Wars, those disgraceful
rivalries, which iu the past made her
nationality a mockery.
General Grant for the Presidency The
Kailtcal. Taking the Alarm.
From the Herald.
Publio opinion and the independent press in
this country have become stronger than the
politicians and their party organs. In the
good old times of General Jackson two or
three leading Democratic journals and two or
three little coteries of Democratio managers,
including the Albany Regency, divided the
spoils and dictated the order of the Presiden
tial succession. But things have altered
bravely since then. An independent news
paper press, cultivating an independent publio
opinion, has established a balance of power
which all parties and politicians are bound to
respect. Hence we are not surprised to learn
from Washington that "the next Presidency is
a confidential topic of conversation among
the Republicans of both houses," aud that
"they are coming to see the necessity of unit
ing upon General Grant;" that Chief Justice
Chase and "Old Ben Wade," President of the
Senate, both of Ohio, and both aspirants for
the succession, neutralize each other; that,
while Chase has the capacity lor the Presiden
tial office, "his financial schemes have ren
dered him unpopular;" and that "it is very
nearly a settled conviction umoug the Repub
lican members of Congress that Giant is tho
man."
We dare say that a new impulse has been
given m this direction from the recent develop
ments of General Grant's opinions on the Re
construction laws of Congress, which remove
a l doubts as to his position on this subject.
He stands squarely by the side of Congress
t Vo. 7e inlanders over the ten excluded
. Rebel fetatea. It would be a remarkable thing,
indeed, if, with his quick military eye, his
.sagac! y and his strong common sense, he had
failed to discover that the position of President
Johnson is useless and untenable for offensive
or defensive operations. The Copperhead
managers, therefore, who have been planning
a flank movement against the radicals, in
arranging lor the nomination of General Grant
as an independent opposition candidate, after
the fashion of old Zack Taylor, must now cast
about for some other standard-bearer, or con
sent to fall into illl0i 80 tUat Graut , jm
like Monroe in 1820, may be elected without
opposition, and so that then we may have a
fair field and a clean set of new books for a
new organization of parties, as in 1824.
; That Grant, with the opposition of Chase
neutralized, will command the united voice of
the Republican party is, we think, as clear aa
that all the opposition in the ranks against the
reflection of Ahiaham Lincoln pare way with
the disc overy that Chase could do notbinir
painst him in State or national convention.
With Onmt then as the Republican candi
date,, embracing the Chase division of ' the
party, the little opposition movement of Gene
ral lien Butler and Wendell Phillips will d
appear like .that of General Fremont and John
Cochrane in the campaign of 1SG4. The for
lorn Northern Democracy in this viw of the
coming campaign, could not, prhap, do
better than to fuse with the Republicans on
Grant so as to wipe out all existing party
l.nes, together with the odious Copperhead
record of the war, iu order that fairly and
squarely we may have a new division of par
ties for 1872 upon the new order of thiiiR
which will have ripened by that time under
negro suffrage and the reconstruction aud
restoration of the ten outside Relxri States.
Meantime, the warnings thrown out from
the President's hand-organ at Washington as
to what he iutends to do, in the absenoe of
Congress, with the live Military Commanders
of the South, and with the present unman
ageable Secretary of War, can only operate to
hold the Republican party of the North Intact
with CongresBj and to draw the radicals of
both Houses in closer communion with the
conservatives and General Grant, while Grant
is drawn into closer relations with them all.
If President Johnson wishes to decide the issue
of the coming Presidential election and his
own removal before the next meeting of Con
giess, he has only to employ his attorney to
mnke np a case against Sheridan, Pope,
Sickles, Schofield, or Ord, to secure these
objects; but if Mr. Johnson desires to get on
n t i.i . . . .
qmeuy ana witnout iurtner trouble to the end
of his term, all that he has to do is to tamper
and tinker no more with these military com
manders and the laws, but simply to "take
care," bona Jidc, "that tho laws be faithfully
executed."
Thurlow Weed, Farmer Abell, and other
speculating politicians on their beam ends,
"snuffing the battle afar off," went down to
Long Branch the other evening close upon the
heels of General Grant. We suspect that
"Weed is aiming to get the inside track against
jiGcicjr uuuei we wiug ui our invincible sol-
j; . i ...... " .....
uier, uniess me "King oi tne lobby" carries
with him a treaty of peace with Greeley by
authority of Mr. Seward, and all in the name
and the cause of Grant. In any event, as
General Grant may be proclaimed the cominz
man, on tho basis of the Reconstruction bills of
Congress, the Administration and the managing
politicians of all parties and factions would do
well to shape their plans accordingly. No
opposing schemes or combinations can shake
the overwhelming popularity of General Grant
''Universal Amnesty."
From Vie World.
Mr. i i rplnv Vina r r rls rf tnnn.A.i
uominution except through tho Journals, as he
certainly had no intimation or ttuspiclon that
iiis name would be sent to the Senate for any
post whatever. He could not accept this place
had the alleged nomination been unanimously
nnttflrnioil lutfiriHlnci . f tr 1 .t . . 1,1, n t
at least urttil every State disorganized by revolt
ouuii iinvc vKvn rumored 10 nor normal position
In the Union if possible, on the basis of uni
versal amnesty coupled with Impartial suffrage.
On t he eve of a new Presidential canvass, In so
tnnmntmiuun atluaii.D Ii. n... 1 .1 , .
H mat, ..vuiu xotttu ttliy
employment that required ol him a sojourn of
frl . . t 1. a n A . I . .... .
ivn.iin auiununfiitiieuni nut UOUOrHOie 0&0'
ldhmptlt. Anrl vhllo hA will nnt nnl.nn nA .
- ..w . u - 'v '. iuiiuoiuii IllIU. IIO
purposed never again to be a candidate lor
ollice. JVt bune.
TI Hi 1 Mil M thnt. huVA mil i,.... .1 . 1 v. ,.
We regard it as fortunate for the character
ot the American press that Mr. Greeley and
Mr. Raymond have abjured aspirations for
office, and decided to give their time to their
respective journals. We shall doubtless differ
from them often; but all journalists have a
common interest in the respectability of their
profession, which depends upon the respecta
bility of those who exercise it.
As we believe the sincerity, we cannot
doubt tho persistence of Mr. ftraaloo- ? m,
X 111U
cause of universal amnesty; his advocacy of
un.ii, m vue iace oi jormidabie and scornful
opposition in his own party, does credit to
his head, his heart, and his moral courage.
His readiness to incur obloquy for this princi
ple niicaia not oniy nis sincerity, but his
sense of its importance an Hstimnto in nrV.;,.i,
it is needless to say that we concur, although
we ie mr enougn irom elevating negro suf
frage to the same rank.
But negro suffrage being probably, in the
Southern States, inevitable, we consent to
couple the two measures not, however, like
Mr. Greeley, as joint ingredients of a healing
medicine, but as poison and antidote. With
out universal amnesty negro suffrage will
breed infinite mischief, lead to a war of races,
and cause the extermination of one or the
other, unless the Federal Government, at
great expense, maintains armies in the South
to preserve the peace. Universal amnesty
rises, therefore, in the present conjuncture, to
a question of the first magnitude. It seems to
us that no patriot who duly estimates its im
portance can excuse himself for not making it
the basis of strenuous appeals to publio
opinion, to be kept up until they are com
pletely successful. We trust the Tribune will
advocate the emancipation of the Southern
whites with the same zeal, vigilance, aud effi
ciency with which it has so doggedly advo
cated the emancipation of the Southern blacks.
Universal amnesty ia not a mere question
of magnanimity or philanthropy though in
that view it is worth considering but it is
made, by irreversible circumstances, a ques
tion of the gravest publio policy. It concerns
not merely the disfranchised individuals, but
the general welfare of the whole country. It
is inevitable, if existing disabilities are con
tinued, that the politics of the South will fall
under the control of the negroes. Even before
the late session of Congress, quite a propor
tion of the whites entitled to register declined
the privilege. The returns almosteverywhere
showed a preponderance of blacks. Since the
passage of the new bill, the Southern people
are more discouraged and listless than before,
and are likely to surrender the whole business
of reorganization into the hands of the negroes
and the radicals. The consequence will be,
the organization of negro governments.
As the Constitutional Conventions will
mainly represent negro constituencies, they
will of course make the negroes equally eligi
ble to every ollice, as well as equal participants
in the elective franchise. We shall then see
negro Governors, negro Judges, negro Legisla
tures, negro Senators and Representatives to
Congress, and negro holders of the countless
inferior offices necessary for carrying on the
government of a State. Every white man who
hai a vote to offer at the polls, or a debt to
collect, or a deed to record, or a complaint to
make to a Justice of the peace, or a tax to pay,
or a lawsuit to conduct, will be brought into
contact with official incapacity shielding itself
under negro insolence. But the whites, out
numbering the negroes, and heartily despising
their insolence, will not submit to it for a day
after tho military pressure is removed.
The consequence will be a bloody conflict of
the two races all over the Bouth, or else a re
call oi the Federal troops for the preservation
of order. But military repression will only
cause the hatred to smoulder like a closed fur-
JULY 25, 1867.
?e
T1IK
FINE
LARGEST
OLD
IK TlIE LAND IS
OldM
HENRY S. H ANN IS & CO..
Kcs. 218 and 220 SOUTH FRONT STREET,
WHO OFFER THE IAMB TO TIIK TRADE, IK LOTS, OS TE8V AD VANT AEOU
TEB9I8.
!!!LVr B5ek Ry Whlikln, IW BOND, comprise all tba favorlt braaJa
rnt Vate" """B tu moattoa of I6&,'06, aud of thli yaar, up to
iLrJf."1 '' for lota toarrlvoat Pennsylvania Hallroad. Depot.
. rtcom Mharf.or ot Bonded Warehowaee, aa partial mayelact.
f. tfu r t0 blaae ont whenever the pressure
11 i9 ea-y t0 see therefore, that
T. ji. . dete9ted negro governments, sup
K Federal bayonets, will be the ohronio
condition of the Bouth, unless the negroes are
Uisiianchised or their influence overbalanced
t he whiteB lB7 t0 tLe Plitical aotlvit7-of
Mr. Greeley probably sees that if black suf
lage disjoined from white amnestv ripens to
natural consequences, it will cause a
owerfu I reaction against the Republican
party. The ignorance and incapacity of ne
groes in olhoe will produce such a universal
larvest of blunders and injustice as to disgust
the country and deepen the natural contempt
und antipathy for the negro race. In the
course of a year or two, every newspaper
would teem every day with aocounts of blun
dering misrule and official insolence, which
would make the introduction of negroes into
politics the scorn and scandal of the age. Such
a state of things would prove, ultimately, a3
disastrous to the negro race as it would,
meanwhile, be detrimental to the peaoe of the
country. Apart from all considerations of
justice, humanity, and patriotism, a mere
Republican politician, if he were a sound and
far-seeing one, would advocate universal am
nesty and the free participation of the South
ern whites in publio affairs, as the only means
of preventing a powerful reaction against the
Republican party. And every true friend of
the negro, who wishes to benefit him, not
merely to use him as a transient party tool,
should be willing to spare him, in mercy, from
the consequences of the blunders he would
commit in offices for which he is not fitted.
That universal amnesty will some day come
we cannot doubt. For the sake of the country
we wish that the Republican party could be
persuaded to grant it freely and grant it early,
instead of waiting to have it extorted by
publio indignation and disgust at the conse
quences of negro office-holding. With the
unrestrained political activity of the whites,
the South would be governed by its most en
lightened and capable, instead of its most
ignorant classes; and the emancipation experi
ment would not be in danger of bringing forth
fruits which would cause the "sober second
thought" of the people to pronounce it a
gigantic blonder.
INSTRUCTION.
BUSINESS COLLEGE,
K.E.COBHKB FIFTH AND CHEMN UT STS
Established Nov. 1. 186 Chartered March 14, Mofi.
BOOK-KEEPUO,
. i06.?' Jnstrnctlon nueqnallea, consisting of prao
llcal methods actually employed In leading houses In
this and other cities, as Illustrated In lairtmnlis'
Uon P whluhlsthetexubook ol thiluatlto.
OTIIEB BRANCHES.
Jw?RTRphluB,.Cm.merclal Calculations, Business
andOrnanjeijtal V rliiug. tbe Higher Mathematics,
Correspondence, Forms, CommercialJLaw, etc.
YOUAU MEN
Invited to visit the Institution aud Judge or them
stlvtsol lis superior appointments. Clrctiloit) onan
plication I FA lHBAlSi.b, A. M., Preelaenu
1. K Mkbchant. Secretary. D4
HOOP SKIRTS.
f'C)Q HOOP SKIRTS, QQ
UZiO HOPKINS' "OWN MAKE." DZO
PKICKS KEDUCEDIII
J affords ns much pleasure to announce to our
numerous patrons aud U,e publio, that In col no
(juenceira slight decline In Hoop hklrt material
logtiUier with our iucieiuied facilities for mauulao-
bk.L.L.l?sj for CASH, we uic emtbled to oiler all our
fvVSV-.y iEfBATED fcKIR-W at b"
DIVKD PKH'KH. And our wkirts will always as
heretolore, belouud iu every respect more desirable,
and really cheuper than uuy single or double siirine
Hoop tiklri tin the market, while our assortmeut is
unuHuuiirU)
Ainu. cnuHiantly receiving from New York and the
Etujteru Btuiea lull liuen ot low urlced JSlUria, at very
the follow In at rfUHH: - In miri nim Ktu yi u ..,.. uc..n
, i uifto, o,ji;,i 4 (J
airtiit;fi, iW.
o jliaji3 w ituvi. nuniru, nuu rwpiiirPu. WDOIO
aulfl and reittil, at tie I'liUaOt'liJliItt lioop bklrt iiim-
fi 10 dm m WIl.l JiM 'r iwhjl-ivq
" Uvl AA. A O .
iNo. liui CJifattNii'f eirt.
E. M. NEEDLES & CO.
OFFEB IN
HOUSE-FURNISHING DRY GOODS,
ADAPTED TO TUB NEASON,
Summer Oaur.e Blanket,
Jt run uioiiia ami Hoy lies,
ilath and other Towels,
Furniture Chintzes and Dimities,
Pillow aud heeling Hiuens,
Floor and Hlair Linens,
Honeyooiub, Alleudale,
AND OTHEB LIGHT BPBKADS, AT
REDUCED PRICES.
teeJia XQKTS3TH0 IOH "OIJ
CHARLES RUM PP.
1'ORTE MONWAIE, POCKET It Oolf, AND
NO. 47 NORTH SIXTH STREET,
ueiow Arch, Philadelphia.
Porte-Monnales.
Porllolios,
Dressing Cases,
Cigar Cases,
'alias,
Pocket-Books,
riaicnelN,
Work Hozea,
Bankers' Cases,
ILlrHMI.
Money Bells,
Kuiha, etc.
WH0LK8ALE AND RETAIL. 7 20tf
Q-jO ARCH STREET. GAS FIXTURES,
IA CHAN DELI & UN. BROXZE KTATUAK Y.
K1C VAKK1KK & eo. would respectfully direct
the attention of their f.iends and I lis publio gene
rally, to their larvA unrf iu.run B,.rtiM,,t nftJAM
EJ yi'V;i.'.llJV,CnAJj1' LlLiW.and ORNAMENTAL
tlioroUKhly uiadw Oooun, at very reanounWH iiriiwa.
Will 11 lid It tO lliHir Mil V ira tj 11 VM I1M A llM.il LrittrM
lurcliaaliig elHov h r.
IS. li. boiled oriHrnlMhtwl flniri rufliiLshed with
8)eeial care aud at rraaouabltj prices,
WMA 4VLK Ck-AAVSh. IX. VVf
WJiislcies
AND BEST STOCK OF3
RYE V H I 8 K I E 0
NOW POSSESSED BY
SUMMER RESORTS.
EXCHANGE HOTEL,
ATLANTIC CITY.
The baorlber. grateful tor put lavon, tended
thanks to bis patrons and the publio for the cenaroat
custom given him, and begs leave to sar that hla
bouse Is now open for tbe eeuson, and reedy to re
ceive boarders, permanent and transient, on tbe moat
moderate terms. The bar will always be supplied
with the choicest ot wines, liquors, and cigars, and
superior old ale. The tablos will be sat with the best
the market aflords.
Fishing lines and tackle always on hand.
Stable room on the iren.lses.
All the comforts ol a home can always be found a
the Exchange,
GEORGE IIAYDAY.
S28tuths2ta PROPBIBTOR.
CONGRESS HALL,
ATLANTIC CITT, K. tn
18 NOW OPEN.
This House has been repainted and renovated, wttk
ail modern improvements added, and in conaequenee
olthehlghtIdes.lt has made the bathing groans
superior to any in the city, being four htradred fee
ntarer than last seanou.
G. W. HINKLE.
Johnbion'i celebmted Bond Is engaged. t 27 la
UNITED STATES HOTEL,
AT LAIS TIO CITY, N. J.,
MSOff OPES.
FOB PABTICTJLARfct, ADDRESS
BROWN k WOXXPPEB,
ATLANTIC CITY,
Or No. 827 RICHMOND Btreet,
Philadelphia.
6102m
MERCHANTS' HOTEL.
CAPE ISLAND, N. f.
This beautiful and commodious Hotel la now ope
for the reception of guests.
It Is on the main avenue to the Beach, and less than
one square from the ocean.
WlXLIAm SfASON,
7 PROPRIETOR,
rpiIE NATIONAL HOTEL "
J- AND
EXCURSION HOUSE,
vaMruVactV bUX l Le - 5
6 27 lm CON LEY fc HOUCK,
CZ71m Proprietors.
SElABN,TniN(rNATIPNAL HALL, CAPE
Hotel, known as the National Hull, la now reorfiii.i.
visitors, lerms n.oueiate. children and rlam
hs2Ce" AARON UAJSRKtSon'-
Proprietor.
MILLINERY, TRIMMINGS, ETC.
SOURNINC MILLINERY.
ALWAYS ON HAND A LARGE ASSORTMENT 0
MOTJlTmiNO BONWETS,
AT NO. 801 WALNUT STREET.
827 0m MAD'LLE KEOCH.
MKS. H. DILLOiY,
NOS. SSk AND 8l MOUTH TRKBT
NiRV fkudsome assortment of BPRINQ MILLI
Ladies', Misses', aud Children's Htr.
Flowers, Frames, etc ' uuuw, UP. JTeathar.,
71sj
FURNISH1NU GOODS, SHIBTS.AG.
MEKLNO GAUZIi UNDERWEAR
OF CABTWBIU1IT AND WARNER'S
C'EEERRATED MAJS UFACTURE.
MERINO CATJZE UNDERWEAR In every var.et
of size and style, for LaduV, Genu', and Children's
Wear.
HOSIERY.
A large assortmeut of HOSIERY of English and
German manufacture, In socks, three-quarter socka
and long hose,
CLOVES,
In White, Buff, ana Mode Color. For sale at
HOFMANN'S Ho.iery Store,
IStulhlJ NO. t NORTH EUIIITU STREET.
J. W. SCOTT te OO.,
SHIRT MANUFACTURERS,
AND BEALRBS IK
HEN'S FVRNINHINO CiOODM
NO. 814 t'HKHMII STREET.
FOUR DOORS BELOW THE "CONTINENTAL,"
-grrP FHILADgxpai
WANTS.
J3OOK AGENTS IN LUCK AT LAST.
The crisis Is passed. The hour has come to ti ..-,
veil of secresy w hlcb bus hitherto eveloued tl.L inth
"HISTORY OF THE SECRET SERVICE."
For thrilling Interest this book tn ,,
romance ol a thouaudyearskudo1m f.0endB " tb8
that "truth is stranger thaii 1 li? ' "'""iveiy prevea
Agents are Clearing from lajo in nn
which we can prove to auj doubting. Pw monUl.
few more can obtain agencies lu ir .' ,Wcanu A
pled. Address . "ouu" ,u territory yet uuoocu-
M J CAETT A CO
7 2t ' ,W 1Mi" STREET,
'L.A DltLPni A.
PATENT SIIOULDEIt . SEAU
SHIRT MAMrrviinwn v
AMHiESUtJI tvg I lIBgumMu STORK
.... WINCHESTER A CO.,
' No. 7l CUfibNUT Street.