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496 twice given rise to false alarms of fire, till people found out what it really was. Whatever profound moral it be intended to convey, we find in it a similitude that is not without significance as regards the professed creed of the party. The industrious youth who operates upon it has evidently some notion of the measured and regular motion that befits the tongues of well-disciplined and conservative bells. He does his best to make theory and practice coincide; but with every jolt on the road an involuntary variation is produced, and the sonorous pulsation becomes rapid or slow accordingly. We have observed that the Constitution was liable to similar derangements, and we very much doubt whether Mr. Bell himself (since, after all, the Constitution would practically be nothing else than his interpretation of it) would keep the same measured tones that are so easy on the smooth path of candidacy, when it came to conducting the car of State over some of the rough places in the highway of Manifest Destiny, and some of those passages in our politics which, after the fashion of new countries, are rather corduroy in character.

But, fortunately, we are not left wholly in the dark as to the aims of the self-styled Constitutional party. One of its most distinguished members, Governor Hunt of New York, has given us to understand that its prime object is the defeat at all hazards of the Republican candidate. To achieve so desirable an end, its leaders are ready to coalesce, here with the Douglas, and there with the Breckinridge faction of that very Democratic party of whose violations of the Constitution, corruption, and dangerous limberness of principle they have been the lifelong denouncers. In point of fact, then, it is perfectly plain that we have only two parties in the field: those who favor the extension of slavery, and those who oppose it,—in other words, a Destructive and a Conservative party.

We know very well that the partisans of Mr. Bell, Mr. Douglas, and Mr. Breckinridge all equally claim the title of conservative: and the fact is a very curious one, well worthy the consideration of those foreign critics who argue that the inevitable tendency of democracy is to compel larger and larger concessions to a certain assumed communistic propensity and hostility to the rights of property on the part of the working classes. But the truth is, that revolutionary ideas are promoted, not by any unthinking hostility to the rights of property, but by a well-founded jealousy of its usurpations; and it is Privilege, and not Property, that is perplexed with fear of change. The conservative effect of ownership operates with as much force on the man with a hundred dollars in an old stocking as on his neighbor with a million in the funds. During the Roman Revolution of '48, the beggars who had funded their gains were among the stanchest reactionaries, and left Rome with the nobility. No question of the abstract right of property has ever entered directly into our politics, or ever will,—the point at issue being, whether a certain exceptional kind of property, already privileged beyond all others, shall be entitled to still further privileges at the expense of every other kind. The extension of slavery over new territory means just this,—that this one kind of property, not recognized as such by the Constitution, or it would never have been allowed to enter into the basis of representation, shall control the foreign and domestic policy of the Republic.

A great deal is said, to be sure, about the rights of the South; but has any such right been infringed? When a man invests money in any species of property, he assumes the risks to which it is liable. If he buy a house, it may be burned; if a ship, it may be wrecked; if a horse or an ox, it may die. Now the disadvantage of the Southern kind of property is,—how shall we say it so as not to violate our Constitutional obligations?—that it is exceptional. When it leaves Virginia, it is a thing; when it arrives in Boston, it becomes a man, speaks human language, appeals to the justice of the same God whom we all acknowledge, weeps at the memory of wife and children left behind,—in short,