We trust that Mr. Johnson may not be so often reminded of his late harangue as to be provoked into maintaining it as part of his settled policy, and that every opportunity will be given him for forgetting it, as we are sure his better sense will make him wish to do. For the more we reflect upon it, the more it seems to us to contain, either directly or by implication, principles of very dangerous consequence to the well-being of the Republic. We are by no means disposed to forget Mr. Johnson's loyalty when it was hard to be loyal, nor the many evidences he has given of a sincere desire to accomplish what seemed to him best for the future of the whole country; but, at the same time, we cannot help thinking that some of his over-frank confidences of late have shown alarming misconceptions, both of the position he holds either in the public sentiment or by virtue of his office, and of the duty thereby devolved upon him. We do not mean to indulge ourselves in any nonsensical rhetoric about usurpations like those which cost an English king his head, for we consider the matter in too serious a light, and no crowded galleries invite us to thrill them with Bulwerian commonplace; but we have a conviction that the exceptional circumstances of the last five years, which gave a necessary predominance to the executive part of our government, have left behind them a false impression of the prerogative of a President in ordinary times. The balance-wheel of our system has insensibly come to think itself the motive power, whereas that, to be properly effective, should always be generated by the deliberate public opinion of the country. Already the Democratic party, anxious to profit by any chance at resuscitation,--for it is extremely inconvenient to be dead so long,--is more than hinting that the right of veto was given to the President that he might bother and baffle a refractory Congress into concession, not to his reasons, but to his whim. There seemed to be a plan, at one time of forming a President's party, with no principle but that of general opposition to the policy of that great majority which carried him into power. Such a scheme might have had some chance of success in the good old times when it seemed to the people as if there was nothing more important at stake than who should be in and who out; but it would be sure of failure now that the public mind is intelligently made up as to the vital meaning of whatever policy we adopt, and the necessity of establishing our institutions, once for all, on a basis as permanent as human prudence can make it.