Had the argument been well defined, as it was in the last election, with parties of equal merit in the eyes of the people, possessing equally the virtues and spirit of the American people—had we arrayed upon one side the Democratic party, with its oriflamme of “Free Trade, State Banks, and No Force Bill,” and upon the other side marshaled the Republican hosts under a leader like Lincoln, a man of the people, upon whose standard should be written, “Protection for American Industries, Sound Money Guaranteed by the Faith of the Nation, and Fair Election,” can any one who is fair doubt as to what the issue would have been?

It was not, Novembers, 1892, a battle between the Republican party and the Democratic party, and when journals like the New York Sun would attempt to yoke the people’s will by party principles and party traditions, they are merely preparing a harness of cobwebs, which public opinion will tear asunder, and ring the death-knell of the Democratic party in so doing.

The New York World, November 10th, publishes a remarkable editorial, in which it recites, among other things, what this victory does not mean. The editorial is given, because, if it be correct—and the New York World is certainly good authority—then it surely does not mean a victory for the Democratic party, while it does mean a victory for the “Common People,” the democratic masses, and such cries in future as that of the New York Sun against an income tax, because it is contrary to the Democratic party, will be meaningless, inasmuch as the Democratic party has not won this victory, and Grover Cleveland was not elected President by the Democratic party.

Quoting from the New York World, whose editorial of November 10th is printed herewith, these sentences occur: “This victory does not mean Free Trade.” Then, does it mean “Tariff for revenue only”? which is an expression in the Democratic platform, adopted in Chicago, and, therefore, if this be a Democratic victory, it must mean what the Democratic party pledged themselves to in their National Convention at Chicago. “It does not mean,” says the New York World, “the unsettling of industry nor the derangement of commerce.” Well, but how can we have tariff for revenue only without unsettling industry and the derangement of commerce? And, if it be a Democratic victory (by Democratic victory is meant a victory of the Democratic party), we must have such laws made and executed as will create a schedule of tariff for revenue only.

Quoting further from this editorial: “It does not mean disturbance of what is sound in finance.” Then how can that portion of the Democratic platform, adopted at Chicago, be made consistent with the legislation in the future regarding the finances of the country? If the tax of ten per cent. upon State banks be withdrawn, and thus State banks be enabled to issue their notes, how will it be possible to prevent “a disturbance” of whatever is sound in finance?

Now, if this be a victory of the Democratic party, such a repeal of the ten per cent. penalty tax upon State banks must be enacted—that is, if the Democratic party intends to keep faith with its constituents.

FOR THE GOOD OF ALL.

“If there are honest Republicans who really believe what their party journals and speakers have told them—who fear that Democratic success in the nation threatens danger or disturbance to business—to them we say: Your fears are idle.

“The majority of the people of the United States, represented by the great Democratic majority, do not mean injury to themselves. This country is their country. Its business interests are their interests. Its prosperity is their prosperity. Its honor and welfare are their concern.

“This victory does not mean Free Trade. It does not mean the unsettling of industry nor the derangement of commerce. It does not mean disturbance of whatever is sound in finance.

“The President-elect is the very embodiment of conscientious caution. He is preëminently conservative. His administration will mean economy, reform, retrenchment in every branch of the Government.

“The victory does mean putting a stop to the riot of extravagance, profligacy, and corruption. It means the end of the reign of Plutocracy. It means relief from the monstrous robbery of the masses by unjust and unnecessary taxation. It means a veto upon the looting of the Treasury and the hideous waste of hundreds—nay, thousands—of millions of dollars in the course of a generation by unmerited pensions. It does mean lower and juster taxes and larger freedom of trade. It does mean good money, and good money only.

“Our party has triumphed under the happy union of a great issue and a great man. The Republic is stronger for this Democratic victory. The Republicans themselves will be more prosperous, and in the end happier because of it. Government of the people is safe in the hands of a great majority of the people.”

In the concluding paragraph of the above editorial of the World, we read (and those of us who live in New York State, with considerable astonishment): “Our party has triumphed under the happy union of a great issue and a great man.” To start with, the issue seems to have been, judging from all of the preceding, Tariff on one side, Free Trade on the other; National banks on one side, State banks on the other; and Force Bill as a kind of “Flyer.”