"what The October Elections Decide

We have redeemed Ohio ; redeemed j Oregon ; mudo gains in Pennsylvania ; oarried the municipal eleotion in Newark which insnras the early redeuiption ot' New Jersey ; and the. Republiottn party i.s weukeued mimI shaitereil in Iowa. Awaiting full returns beiore going into minute arithmetioal estimates, there are certtiiu important eonclusiojis which it is iilready safe to druw. Fn-it. The Liberal Kepublicans, as an organized pa.rty, have taken uo root in American politics, and have 110 element ot growth on which they can build any hopes tor the future. It is oertain that they cannot bo the nueleus ot' iuture opposition to the Adininistration ot' Geniaal Qrant. 8eeond. The idea that the Democracy will disband and dissolve their organizatiou, isanexploded idea. The opposition party, for tlie next tour years, will he the Democratie party, and no other party. The hundreds of thousands of citizenswho havo been waiting and watching, holding back frotn joining the Democratie organization in the expeotation that it would be supplanted by sorae other, will now see that they are reduood to a choice between the same two great partios which have been arrayed against each other for so many years. The Democratie party and the Kepublican party are to be the only two national partios of the nextfour years. Third. The success of the Democratie party is in proportion to the courage and steadiness withwhioh itmaintains itsdistinctive principies. Our most signal succe8s has been in Ohio, where the party has stood most firmly Qn its own proper ground. Grant carried Ohio lust fall, by .'7,í5íil majority; and now wo have certainly elected the Legislature, and the State officers too. Fourth. The Democracy gain by a bold and active canvas6, and have nothing to fear from the zeal and ability of their opponents. The Republicana, as well as the Democrats, have made a vigorous campaign in Ohio, bringing out Morton, Sherman, and their heaviest guns. But they have been unable to stand against the bold Democratie onset, led by Seiiator Thurman. As splendid results may be achieved elsewhere if the party elsewhere will be equally bold, vigorous, and aggressive. Fifth, The Democratie party isstrengthened by courageously presenting the Free Trade issue. The Ohio platform was sound on this vital point, and the party won a great victory. The Pennsylvania Democrats dropped out the Freetrade plank of the platform, and, though making gains, they have been defeated. We trust that Democrats everywhere, and all honest citizens everywhere, will ponder these conclusions. Victories against the Administration are not to be won bv cowardice. but bv courage. - N.