The New York Herald Newspaper, November 6, 1848, Page 1

ee ee Nae pgp A SNR a — NO. 5269. ‘Views in England on the Presidential Elee= tion In the United States. [From the Londen Globe. Oct. 19 ] ‘The most democratic of our American contem- jow seem more than half inclined to qu averse! sufirage for ite fruits. It is all but certain that General Tylor will be the new President—not, however, because he is a favorite with any political party—far from it; but mainly because he happens to stand prominently in view the messes who are to be moved in any serious - He occupies an eminence, won, indeed, by nO merit apparently applicable to the discharge ofthe functions about to devolve upon him, but weld in sight ; and he owns a character of a nega- tive desciiption, which few can very strongly ob- ject to, and many can make up their minds to pnt up with. His rivals have all something vosi'ively and strongly objectionable to some one of the great parties, in power nearly balanced, whose efforts must decide the contest. Their weakness makes his strength. Strongly eupported, be are also strongly opposed. The moderate men of both sides will vote for Taylor, astolerable ; and seeing that his success 18, at least partially, the defeat of the extreme menon the opposite side. Recent events, too, have strengthened the anti-movement party— the men who, under existing circumstances, greatly prefer a President who would do nothing one who would create a disturbance, even to forward their favorite policy. We need hardly observe that the commercial mind is extremely sensitive in the United States. Now the cost of the Mexican war has been coolly counted against the gains, and Jonathan 1s not elated at the balance, though he puts a good face upon the matter. Political turmoil in Europe 1s also rea ang him a lesson on the value of apeaceable main- tenance of things as they are. And the eleva- tion of either Cass or Van Buren would renew the discussion of both the abolition and the tariff questions, and that of Cass would, it is sup- sed, include some danger of a rupture with Englend—all matters which the counting-house interest just now would fain leave unstirred. Taylor, whose faint whiggery is little offensive to the democrats, while his Mexican reputation is, with them, a mark in his favor, 1s so little p'edged to any side of any great question, that all may hope ‘for some success, and none have much to fear. It any are especially dissatisfied it 1s those whoregard, as the proper end of universal suffrage, the unchecked triumph of democracy—who see the perfection of government in the despotism of an ear-led mob. Besinn these the tederal constt- tution has but one defence—a rampart of money bags—the conservation that comes of the peacetul pursuit of dollars. And so strong is the influence of the changes, effected even within a single gene- ration, by the steady and ranid growth of the population end wealth of the United States, that much more may be reasonably expected from this tendency than the mere preservation of peace forthe present. | 2 The dangers which threatened the stability of the Republic a few years ago, wear now a less fearful aspect. Native manufactures,” however sustained by tariffs, will not so flourish jon the soil of the United States as to keep pace in their growth with the forms of industry better adapted to it Even if maintained against their natural tendency to decline, they must, as a national interest, eventually cease to be important; and with this change must come a correspoading failure of power in the legislature. The slavery uestion may be more difficult to settle ; but even that draws towards a settlement under the same influences, if only by force of that provisionof the feceral constitution by which the structure. of the House of Representatives is remodelled, every ten yeare, unon the basis of each new census. For in- stance of the 216 representatives and three delegates which formed the house, as elected upon the ar- rangement made after the census of 1820 (giving one representative to every 40,000 of the popula- tion, and five slaves counting as three free per- fons), the thirteen old States returned 158, and the fourteen new ones, including the unincorporated territories of Michigan, Arkansas, and Florida, the remaining fifty-eight. By the act of Congress of 1842, founded on the census of 1810, and giving one representative to every 70,680 of the popula- tion, the 158 members for the old States was re- duced to 132, while the 58 for the new States was raised to 95—giving a new total of 228. This pro- cess obviously strikes directly at the influence of the manufacturing interests of the old Northern States, which have no chance, under any possible tariff, of seeing their peculiar interests reproduced or extended to the westward. Simularly, the slave holding States, which, un- der the act of 1823, returned 97 members against 124, now return only 92 against 131. 4 ‘The equality preserved in the Senate, by giving two senators to each State, without reference to population, offers, itis evident, but a feeb!e bar- rier to the progress of the free-trade and anti- slavery movements (hitherto in antagonism in America) thus urged oa by the same means. [From the London News, Oct. 19.] An mportant step has been taken towards the solution of the Pesidential question, which is now the all-absorbing topic with American politicians. Shortly after the party nominations in May and June last, elements of dissension made themselves apparent both in the whig and democratic ranks, and led at length, in either case, to open disaffec- tion and division. “A respectable minority of the whig party were extremely dissatisfied at their favorite candidate being set aside to make room for Tayler, who, whatever proof he might re- cently have given of his capacities as a soldier, had never manifested any ability as a statesman. A large section of the democrats were equally averse to the nomination ot Cass, chiefly on the ground of his known aati for slavery. Se- cession took place in both cases, but that amongst the democrats was most serious, a strong abolition rty declaring that it would vote for Van Buren. Litt rendered the success of General Cass exceed- ingly doubtful, although, for a time, his chances were ances by the attitude of his opponent, who only lately dofled that reserve upon party questions, qhich) for a time, perplexed his friends, and compromised his position as a candidat: General Taylor totally musapprehended the fee! ing which prompted his nomination. Had ittakea place immediately after his military successes in the Rio Grande, the prestige of his name might have secured him the adhesion of the mass of both aities. But as time wore on, the popular ardor in tis favor had time to cool, whilst the operations of General Scott on a more importanttheatre dimmed to some extent the lustre of his achievements. The democratic party then learnt to regard him simply in the light of a whig candidate, and as such, of course made up their minds to oppose him. Since his nomination, therefore, he has been purely a party candidate, relying for success ona party vote. It was some time, however, ere he perceived this, consenting to stand, but profes- sing his intention, if elected, of being no party President—pioleseions which might be patriotic. but which, under the circumstances, were, to say the least of them, impoliti They savored too much of trimming, and were go indicative of party defeat that the section of the whigs who were dis- satisfied from the first at his nomination, open- ly substituted the name of Clay for that of Taylor as their candidate. f . q Both parties being thus divided, it was speedily seen that success was most likely to await that which would first reconcile its differences. To eflect a reconciliation in the wis ranks, it was neceseary that General Taylor should make the first move. ‘The friends of Mr. Clay would only supper him as an avowedly party candidate, He had, therefore, presented to him the alternative of losing his election or of shifting his ground. Ie has rudentlyf chosen the latter, and now appears be- Fore the electoral body in that distinctive pay character, which, had he rightly appreciated hie josition, he would have assumed from the very rst. Gen. Taylor having thus definitively given in his adhesion to the party, the friends of Mr. Clay no longer hold out against him ; that eminent mer. himself being the chief actor in the reconcil- jation which followed. : This important step renders his success at the coming election almost a certainty. In addition to this, there are other considerations which bear upon the contest, and which tell favorably on the side of the whig candidate. The events of the day and the perilous nature of the times, induce the more reflecting portion of the community to consider well the character of the man to whom they would entrust, forthe next four years, the destinies of their country. Whatever change the resp: nsibilities of actual power might etlect in his condact and disposition, the antecedents of Gene- ral Cass have been such as to lead them to believe that the tendencies of his policy would be unfavor- able to the maintenance of peace ; and to a great commercial count-y like the United States, next mM magnitude to the disasters attendant upon the contemplation of actual war are the evils which would arise from the anticipation of being kept constantly on the verge of it. The moral and po- litical world is, at present, i too inflammable a state to enable the friends of peace, on either side of the Atlantic, te regard with indifference the cecvpation by a firebrand of the Presidential chair at Washington, And what gives us a peculiar in- terest in the matter is that the morbid antipathies ‘of the democratic candidate are almost exclusively directed againet ourselves. As the passions of some animals ate inflamed at the sight of anything scurlet, so are kis animosities excited at the name of England, or Englishman. It is this unfortunate idiosyneracy that renders him peculiarly ob- noxious to the more sober-minded of the Ameri- can community, for, whatever turmoils may arise to disturb the relations and interrupt the commerce of the world, it is of the last importance to both th England and America should keep on terms of amity with each other. The dangers which might attend the elevation of General Cass to the Presidency are not obvious to whigs alone, a large proportion of the democratic party being equally sensible of them. This will fortunately operate most unfavorably upon his chances of success a3 a candidate, for not only will a large democratic vote be given for Van Buren, but many democrats, who have no partiality for the abolition nominee, will abstain from voting for Cass, that his election may be defeated. On the other hand, there are many whig abolitionists who will vote for Taylor instead of Van Buren, in order that Taylor’s elec- tion may be secured. Their sole object in voting for Van Buren would be to make an abolition demonstration. Under existing circumstances, however, they wisely prefer the [le of peace to any such demonstration. Their object, therefore, will be to keep Cass out, which thev can only secure by putting Taylor in. They will thus go far to atone for the grave error which they committed in 1844, when, by their ill-timed defec- tion in New York, the whig abolitionists secured the triumph of Mr. Polk over his more worthy competitor. e may, therefore, regard the election of General Taylor as virtually a fat accompli, and what concerns us now is to inquire how the event is likely to affect the interests of this country. It is not to be denied that, in a commercial point of view, our sympathies are with the party whose. success would be indicated by the election of General Cass. The triumph of General Taylor will, for a time, put in the ascendant those who are inimical to our commercial and industrial pros- perity. But, taking into account all the circum- stances o! the case, this, at least for the present, is likely to lead to 30 material change in the com- mercial relations of the two countries. The whigs would disturb the tariff if they could. But they have no longer the great agricultural body either with them as tormerly, or indifferent to the sub- ject. The settlement of 1816 was the conjoint work of the South and West, and the results of that settlement have so completely falsified the prognostications ot the whigs, that the West will be in no hurry to countenance its disturbance. Every nerve was strained previously to its adop- tion, but in vain, to convince the farmers that whilst they would reap no advantage from it, its first result would be a largely deficient revenue; and both Mr. Webster and ‘Mr Evans, as spokes- men of the protectionists, went into elaborate cal- culations to show that the menaced deficiency would be nearly equal to one-third of the revenue required to cover the diflerent branches ot exven- diture for the year. Never were vaticinations proved to be more utterly groundless, Not only did the receipts during the first year of the opera- tion of the new tanff considerably exceed. the es- timates of its promoters, but the agricultural body experienced so palpable an advantage from it that it will require no little cajolery to induce them now to abandon it. The time 18 past, then, when a whig triumph was necessarily the p.elude toahigh tarff. On this score, theretore, there would be no apprehension for the present. -Some little concession may be made to Pennsylvania, in connexion with coal and iron; but no change is immediately practicable, which would not be. abundantly compensated tor by a continuance of the inestimable blessings of internauonal amity. This consvlatery view of tne case supposes the whogs to bein the undisputed ascendant. Such is the present temper ef the public mind 1n regard to the tariff, that even had they the three branches of the legislature entirely in their own hands, they would hesitate ere they attempted any essential modification of the act of 1846. But the election of Gen, Taylor will not give an undisputed ascen- dancy to the whigs. For the first two years at least of his administration, he will have to con- ircnt a democratic Senate, the majonty in which will be sufficiently large to baflle any attempt which might be made at fiscal reaction. The ma- jority will be almost exclusively composed of the immediate followers of Mr. Calhoun, who will thus hold in his own hands the balance of power in the upper branch of the legislature. The cause of peace and that of free trade, could have no bet- ter guarantee for their maintenance than this. With the Senate in such hands there is but little danger trom the inflammable democracy on the one hand, or from the protectionist whigs on the other. We have nothing then to fear, but every- thing to hope, from the election of Gen. Taylor ; and it is consoling to know, that when the events of a day may make our hands full nearer home, no disturbance need be apprehended in our relations, either political or commercial, with that great, nation, which 18 at once the greatest consumer of our fabrics, and the granary from which, in times of scarcity, we may always reckon on making good our own deficient supplies. (rs the London Examiner, Oct. 8.] To all who take an interest in the well working of American institutions, indirectly, to every na- ticn in which liberal principles are straggling to maintain their ground, and directly to ourselves, whose natural desire itis to stand well with the kindred republic, the present aspect of the impend- ing election in America should be far from un- pleasing or distasteful. Chancellor Kent called the presidential election the experrmentwm cructs ot the republican form of government, and claim- ed {or it, not without strong faith in the discretion, moderation, and integrity of his countrymen, a certain period of probation, The time has not expired, but we cannot say that hitherto its success has offered ground for congratulation. Worse than even the predominance of unreflecting and rabid party spirit has been the pated! of trading oliticians. Even whena successful rally had bebn, made round a chief Jike Jackson, who, with all his crotchets and eoarseness had purpose and a manly energy, the fact has been painfully obtru- sive, thatthe election was a mere scramble for lace. ‘The proscription of all holders of the most insignificant office, who were not members or tme-servers, of the ascendant faction, and the avowed bestowal of emolument and place as the reward for serviceable canvasses, have placed the mob-courtiers of America on as low a level as the old king-courtiers of France. Every dignity and duty, of the State has been lowered to an elzction bribe, and the highest as well as the meanest ap- pointment counted but as payment for past or re- tainer for future service. ‘The appearance of Mr. ‘Tyler and Mr. Polk in the seat once occupied by Washin ton, Jefierson and Madison, seem- ed really to be almost decisive agaist any future possible realization of the hopes or faith of Chancellor Kent. We rejoice to think that matters are mending. The nom{nation of General Taylor, and the course of his relations with the party of which he is now the declared representative, indicate better prospects in the re- publican horizon than have been visible for many years. It is yet posetble that we may see “ dis- cretion, moderation, and integrity” prevail in the choice of the chief magistrate of Americe. General Taylor is not a trading poltician. The qualities he lately displayed in the field, and the judgment with which he kept himself aloof from the ex- treme patty that had obtained his service as a sol- dier, concentrated public attention and esteem upon him. He is the only man, we believe, since the greater race of American Presidents, who so at once united many parties, By democrats aud whigs in primary assemblies, in separate and mixed meetings, he seems to have been no- minated ; these nomiations he appears to have accepted, one after the other, without concealing or suppressing the fact that he held the opinions o! the whigs ; and, now that the whigs as a body have named him their candidate, he frankly tells them that he will not be a party President. We have here the promise of a brave and honorable man, uneentaminated with party madness. A let- ler just published by General Taylor, to correct some misconceptions that had gone abrcad con- cerning him, confirms our impression of his worth. There is nothing in the letter which indicates genius or imaginative impulse, but it 1@ marked by strong good sense and excellent feeling. — Its writer understands and discriminates the position and daties @ the chief magistrate of a great re- public. He can combine the honest maintenance of his own opinions with constitutional deference to the national will. General Taylor declares that he will not be a candidate in a straitened and sec- tarian sense. Having no wish to be a partisan President, he refuses to be a party candidate in the eense that would make him one. | He does not engage to “lay violent hands indiscriminately upon public officers, good end bad, who may differ in opinion” with himself. He will not force Congress, by the coercion of the veto, “to pass laws to suit him or pass none.’ Are we not justified in regarding the probable choice of such a ruler as a good omen, both f r Evglard and America? Public opinion may work iteelf clear under such auspices, and the better parts of republican government develope and _per- fect themselves. He may save us at once from the war factions of democracv, and the protection- ist divisions of the whigs. We look upon such a presidency, now we hope almost certain, as full ot promise for the internal prosperity and happi- ness of America, and for the perpetuati: n of ami- cable intercourse between the two great Anglo- Nerman nations. General Cass is the only rival candidate with the shadow of a chance agamst him. Mr. Van Buren will hardly go to the elec- tion, and Mr. Clay has not sanctioned the use of his distinguished name. _ Mr. Cass is the nominee of the extreme democratic party, and is reported to have secured the ardent support of all the Irish in the Union, by his sympathy with the cause of repeal, and by his known determination, in case the rebellion of Ballingary had succeeded, to have marched forthwith into Canada. Mr. Cass duly proclaims these extreme opinions, of course, makes a Jong arm across the Atlantic to fra- ternize with the Flocons and Ledru Rollins. Yet it may not be amiss to remind hiscountrymen that itisnot six years since this same brawling Mr. Cass wrote abook to disparage the English go- vernment, and exalt the government of Louis Philippe, in which he branded as a traitor every Frenchman who opposed himself to that despica- ble system, and offered the most prostrate adula- tion to the citizen king. This was while the worst of the Orleans invasions of liberty were in progress ; and yet the institution specially singled out for praise by General Cass was that slavish Court of Peers which was doing precisely the ser- vice for Louis Philippe that our star chamber did for Charles the First. The election of this despot, democrat, this busy fomenter of the jealoustes o: nations, would be the most lamentable mistake et committed by the extreme faction in America. he election of General Taylor, on the other hand, will show that as men unquestionably still survive in the United States not unworthy to be named with Washington, Franklin and Adams, so the large majority of the American people are still able to appreciate and worthy to be served by them. Hungary. The news of the Vienna insurrection became known at Pesth on the 8th ult., and excited the utmort enthusiasm. Kossuth made a thundering ‘As the Viennese had furthered the Magyar cause, he said, Hu: ought not to abandon Vienne, No negotiations whatever were to be entered into with the Camarilla, but it was the duty of the Hungarians to tacrifice themselves in assisting the Austrian people. ‘The government was entrusted to the committee for the defence of the country. Kossuth was nominated president, and it was rerolved that, on the very ame day, troops should march for Vienna. Bohemia. The Kélnische Zeitung has letters from Prague of the 13th i They eay that by the events at Vi- between the German and Czechish i ed. In the Slavonic Central. pt was made on Germanism and on the Frankfort faction. The Slavonic agitators Hurban andStur, excited the students against the Mag- yare; there were also bitter words uttered against the Germans. The epeey Rieger asserted that he was able to prove that the movement at Vienna had been effected by Hungarian money. All speeches in the University of Prague were delivered in the Cxechisch language. Prnssia. The Kélnische Zeitung bas the following from Berlin, under date the 15th ult “The king, on the anniversary of his birthday, reovived a deputation from the National Assembly in-tke palace ot Bellevue, near Berlin, In his answer to their addrers he said, alluding to the abolishment of his title, King by the Grace of God,‘ We are upon the point of building a structure which is to last for certuries. But, gentlemen, let me direct your atten- tion to one thing. We still porsess, and we are envied on account of it, an hereditary government by the Grace of God’—(these words were uttered with a peculiar emphasis by the king)—‘ which is still endowed with a fullness of pow At the clos his speech, the king eaid—‘ Gentlemen, I am ou ; it is good to ree each other now and then, ing, during the reception of the deputies, was pecu- larly affable, cheerful, and amiable.” Dratn ov M. Louis Bianc’s FatHen. seire announces, on good authority, that th of MM. Louis and ‘Charles Blanc, Jately at the head of the office of the Fine Arts in tne Ministry of the Inte- rior, died at the Hotel Dieu about a week ago, ina state of utter destitution ican Republic, Crry or Sr. Dominco, July 12, 1818. Omission mm a@ former Lettcr Supplied— Recent Legislative Enactment for the Encouragement of Mining Operations—Another Remodeling the Monetary System—Public Excttement Inciden- tally Connected with the Latter, and the Caus Affairs in the Dom! ich I gave, in a former com munication, of the principal articles of the Dom nican constitution, I omitted to notice one to which recent occurrences have attracted much attention and given considerable prominence. By its terms, the President is empowered, during the continuence of the actual war with the Haytien republic, growing out of the separation from her, and until peace is established, to freely organise the army and navy, mobilize the National Guards, and take all measures he may deem proper forthe defence and security of the nation, and in conse- quence, to issue all orders and decrees proper for | that end, without being subject to any responsi- bility whatever. i 1 now supply this omission, to illustrate some future details. | , The gold mines of St. Domingo are celebrated in the early history of the nev world, as being the | incentive that gave the first impulse to Spanish | adventure and enterprise in America. These have | remained unwrought, to any considerable extent, for a long series of years; and the government has | heretofore refused to permit the working of them, from the fear, it is said, of stimulating the cupidi- ty of their enemies, and also, perhaps, of foreign nations. Besides those of gold, there are also, as Ihave mentioned on a former occasion, mines of copper, and very probably of silver also, within the territory of the republic. By an act of Con- gress, passed at the recently closed session, and approved the 16th ot May last, itis declared that the working of the ‘ minerals,” or mines of every description that are found on the public lands, is open and free to every individual who may choose to engage in it. Arrengementsforthis purpose must be made by those intending to avail themselves of the privilege with the Minister of Finance—Mt- mtstro de Hactenda—who is authorized, under con- tracts of lease or otherwise, to stipulate, in behalf of the public treasury, for the payment of a per centage by the operators—never to exceed the maximum of five per cent of the metal wrought. The terms of the act specify individuals only. Whether the privilege conferred by this enact ment would be extended to orgamized companies, formed to carry on mining operations on an ex- tensive scale, in the usual way, and such as there have heretofore and recently been attemots made to organize in the United States and elsewhere, with a view to operations here, may possibly, un- der the peculiar circumstances of the case, and | the present tone of public feeling, admit cf some | doubt; though I incline strongly to the belief that no opposition to such a plan of operations would be officially interposed. The most important measure that came before the Congress at its late session, and which en- grossed a much greater share of its attention than apy other, was the monetary system—the de- vising of ways and means to place the cur- rency on a better basis, and to restore the circulating medium of the country to a bet- ter credit and conditon. This I have heretofore shown, had depreciated to fifteen for one dollar specie, and the tendency has since been very slightly downwards. At last the Congress, after protracted discussions, in the course of which were snecessively examined and rejected eeveral difle- rent schemes, agreed upon a system which they «embodied in an act ayproved on the 19th day of June last. Itis entitled, in substance, an act to provide for the deficit.in the treasury, occasioned by the insufficiency of the public impogts, and by the consequent depreciation ot the government iper. 4 i it, the Executive is first directed to have the had money now accumulated in the treasury, and the future additions thereto, to the amount, in all, of one hundred thousand dollars, converted into milled coin of the United States, of the several de- nominatior sof five,ten, and twenty five cent pieces, provisionally, until such time as Deminician silver can be minted, It proceeds to direct that all old silver, wrought or unwiought, which the inhabit- ants may see fit to deliver into the Treasury De- partment. shallbe sent abroad to the United States, or elsewhere, and its value returned to the owners in coined money, at the rate of ninety-five cents per ource troy, of the metal delivered, and of the same quality of fineness. To provide for the replacement of the present depreciated government paper money, which it is conterplated to callin and cancel, the Executive is authorised to have prepared, and to iesue a new. emissien of paper money, based on the credit of ; can be hoped and which the public treasury is to guaran‘ee for forty cents, hardimoney; and also, the further emission 01 150,000 bills of the nominal value of two dollars each, and guaranied in like manner and rates. The whole of both which emissions are to be ready for issuing, at latest, by the first of January, 1849. He 18 alse further directed to have prepared an additional quantity of 375,000 bills ot the denuminations of one and two dollars, to be laid by 1n reserve in the treasury department, to be ured for the purpose of expanding the monetary circulation as soon as the condition of mercantile affairs, and the state of the country, call for it. To hasten the withdrawal of the present issue from circulation as soon as the sum of $25,000, in coin is imported, as before provided, dues aceru- ing to the treasury shall commence to be paid, half in the new small coin and half in the present currency: the latter at the rate of ten dollirs to one, while the old paper thus called in 13 to be cancelled in due form, And the act goes on to declare that a portion of this new coin, which will thus find its way into the treasury, may from time to time be appropriated, in sums not exceeding five thousand dollars at any one time, to the pur- chase of old silver atthe rate before designated, and which shall be coined in like manner. Alter proceeding to many specific details—ot no par- ticular interest to my present purpose—the act finally empowers the President to raise, by a loan foreign or domestic, on credit or by mortgage of the national property, the further sum of 100,000 to 150,000 dollars, to be appropriated, when ob- tained, to the withdrawal and cancellation of the same amount of the present circulation. it will be observed that the feregoing act fixes the value of the old emisston, to be allowed at the treaeury, at ten for one ; which is, in fact, the rate at which it has all along been received for the custom-house dues that were payable in that cur- tency; while, as has been before seen, the market value of the same currency has been only fifteen for one, with a downward tendency. Now, how- ever plausible the charge may at first appear, that the government, by receiving their own paper only ata great discount off from its ostensible value, though it be still a less one than 1s exacted in the market, repudiates a large portion of her debt in this form, it must in justice be remarked, thac this issue neve: did circulate at par from the be- ginning ; and much, if not most ot it, went into circulation with no higher trinsic value attached to it than its authors now allow for it on its re- turn. For any slight practical repudiation there silgating circumstances of overruling necessity, nd the high examples of greater and far more wealthy nations. As to the question of what will be practically eflected under this scheme, that is quite another aflair; and I confess myselt unable to discover what is at last to guaranty the new paper circu- isting medium that is to be issued at market value, at the rate per nominal dollar prescribed by the act—in other words, to save it from the fate of the old emission. ith a near'y empty treasury, and with governmental expenditures that each year more then consume the annual revenue, what can eave it from a rapid depreciation—if not norninal, at least actual, in the shape of enhanced prices of all commodi ies ot consumption 1 No great resulte can, I fear, be anticipated from the coining—in o:her_werds, sale of the old silver to be found here. The Haytiens made too clean a sweep for that, when they got possession. And as to the authorized loan, still less, it is te be teared, i for or realized from that. No; evade the issue as{they mayfvainly’attemnt to do— beat about and try to shun the real rock of diffi- eu'ty as long and perseveringly as they please— still this government must, at last, adopt th only effectual means of removing it They will be broken in pieces upon it. An efficient and exten- sive system of agricultural improvements must be instituted, and its growth fostered, as the only ture basis for mone! and every other kind of Ftability and prosperity] ‘img to the “state; and this can only be effected, as 1s, in eff2ct, ad- mitted by almost everybody, by foreign immigra- tion. Ah! but the danger of the overthrow of our state religion—the subversion or seizure into their hands of the government by a horde of foreign adventurers!—we are afraid of them! And ¢£o the only remedy for a great evil, or train of evils, 18 shunned, and mere airy schemes, based on nothing but a gossamer tissue of finan- cial devicee, are elaborated with careful inge- nuity and patient toil, to end in nothing. The hard money alluded to in the beginning of the above act, and on which all the legislative de- liberations had been based, was the sum of 58,000 dollars, reserved inthe chest of the department Jor this purpose, “hich surplus had occurred, not- withstanding the fact of the governmentexpendi- tmes surpagsing in amount its revenues, by the disbursements being mostly made in the paper currency, while a considerable portion of the gold of several years’ acérual from import duties has been retained in the treasury. Some unfavorable rumors having got abroad, the Congress, on completing their labor of devi- sing and drafting the new monetary system, ap- pointed a committee to proceed and examine the condition of the strong chest; when lo! a large deficit Was discovered. The city was soon all in an uproar. Every body accused the minister of having converted the funds to his private purposes, and some went so far as to implicate the Presi- dent himself in their suspicions. he lower a be init, there are still, in extenuation, the | house demanded an account of the mnnister; which, onthe refusal ot that officer to submit, any farther than to declare thatit had been appro- | priated to the legitimate purposes of the govern- | ment, that body proceeded to impeach him. The uprer house, however, on examining into the case, refused to ratify the measure, as was necessary to render it effectual as an impeachment, and so it | fell through. The President, who had been ab- | sent from the city for a long waile, on account of his health, returned highly incensed at the pro- ceeding of the House, and threatened to banish certain members who had been most active in the measure. But the affair was finally compro- mised by the House receding from the ground they had taken, amd acknowledging they had acted with precipitation. Another ground of irri: tation was also embraced in this rather singular compromise, or “making up.” Some ot the same active and bold members had somewhat warmly discuseed the propriety of defining and I'miting the, in some respects, dictatorial power conferred on the President by the article of the’con- stitution herein before noticed. They maintained that the executive had, on several occasions, in practice,given a somewhat latitud:narian construc- tion to its provisions, which, they contended, were intended to apply for certain purposes only, to particular times and emergencies. And so ended at least for the present, this serious misun- derstanding between the two branches of the government, and which, for some days, threaten- ed the most disastrous consequenc’s. During this period the publie excitement was intense. Nearly all business was suspended by day, while the streets and places of public resort were de- serted by night. Rumors of plots and conspira- cies for putting the obnoxious functionaries out of the way, and substituting others in their stead, were constantly rife, acd everything seemed ripe for intestine commotion and revolution. A por- tion of the residents were apprehensive, ind, P think, not without some good reason, that, im such a case, scenes similar to those which have. of late, been enacted at the Haytien end of tl: island, would be reproduced here, or, quite as likely, the far more appalling tragedies so fre- quently enacted in that portion of the island near the close of the Jast century. But the tempest, which at one time seemed to be so fest gathering to a head, to sweep down, like the hurricanes of these latitudes, with desolating violence on this city, has hanpily completely dis- sipated itself; and our political heavens again wear, in their usual degree, an aspect of serenity, at least, though it may be, not of tropical brillian- ey_and splendor, . ; The President etill holds firmly his uncurtailed authonty ; and it may, after all, T think, be well questioned whether this rule of the strong hand, at Jeast, in cases of moment and emergency, 1s not the best for this people ¢ and, indeed, the only ore tor which they are, ata body, as yet prepared. Nor dol believe an instance can be pointed to, where President Santana has abused it to the pur- poses of cruelty or revenge ; vor, after fully weigh- ing, as well as] am able,in my own mind, the various conflicting romers, charges and aseertions, on the one side or the other, amI much more in- clined to believe that he has perverted it to pur- pores of extortion or peculation of any kind. And, in regard to the charge of embezzlement made against the minister, and at one time cer- tainly almost universally believed, I confess, that on sifting the evidence against him carefully and dispassionately, it certainly appears execedinaly vague and flimsy, His own general statement of the character of the appropriation is plausible and rational; and Tam very much mistaken if the finaneral report of that minister, and any, corres- ponding investigation.that may then be instituted to the National Treasury, to the amount of $250,000, in bills of the nominal value of one doYar each, Att or falsify it. do not provethe iianee 4 this favorable conjecture, Tune will disclose’ poritive or probable truth, and then, verdmos. d Torch Light Procession—A Se in Tammany Hall—Brigadier Gen. George P. Morrisin his War Boots—Breveting the Democracy. ‘Temmany Hall isa funny place. Could the funny performances that have been enacted within these old walls for the last half century, be duly chronicled, what a treat would be furnished to the reading public ofthe present day! Bot, alas! the remembrance only exists wits rome of the old heads, still living; and even most of themare barnburners or whigs, and do not darken old Tammany’s portals in this yearof our Lord, We have beard a racy tale of late prooeedings,which ig decidedly too good to belost. It seems that some of the present leaders, who are, of course, found in that body, designated as the Democratic Republican General Committee, decided that a Grand Democratic Torch Light Procession was just the thing to rally th? 4 so it was voted in solemn ht Procession should come at extraordinary demooratic organ, the True Sun. was duly instructed toannounce the fact in the uv ual editorial and advert off on the night of Thurs A committee of one from each ward was appointed to arrange the matter, and in order to carry out the plan to its fullest extent, another body of democrats, ¢ organization extended across both rivers. into Jersey and Long Island, called the “Cass Union,” was to be consulted. these Caw ‘Tammany, and the sub committee of the real Simon Pures, the General Committee, met in the committee room. Committees of conference were app»inted but they could not agree The club delegations wouldn’t knuckle under tothe others. Personalities followed, and a serious fray was likely to ensue, The old heads were called iato council. and they ad- vised to cut the matter short by carrying ont the plans of the committee in their own way, and only allow the other to carry out the detaila in the respective wards to which they belonged. This was acquiesced in. and har- mony was re-tored, The whole crmmit'ee then took the mat.er ints hand in earnest, and proceeded to elect & Grand Marshal, eho, of course, was to be selected | from our military heroes. Gen. Storms was pitched upon. He was a democrat, and a glorious fellow, and opular with all hands; but, of course, the general Bal to choose bis assistant marshal, and the committee left him to select who he d—— pleased, provided thoy went Casa and Butler, and nobody else. Then those antistants were to select their special aids; and here the individual members of the wigwam oommittee de- termined to havea floger in the ple, for their own amusement and that o, their friends; ands commit- tee from their own body was deputized to attend to , of Edge, the great fireolo gu ito: Th grand coi fireworks were ready.and Mr, KF, i the Grand Marshal and his civ andes A) “Hallo! there ic Morris upset—bie steed has fung him. “Good heavens’ what’s the matter with them hor ses /’? ‘The boys shout, * there goes aborse and a men down Frankfort street.” But, bye-and-bye order is restored; the fire-works are silenced. “ Now, then, move that omnibus and the Drummond light up Chatham above them bricks, aod stop them d—d fire works until the Procession gets off, commande the Marsbal, and awa: go the aids to carry out the mandate. “ Mire up tha’ Drummond light.” says the (irand Marshal, and the whole scene is at once illuminated by its stream- ing rays far through the different streets. The Grand Marabal and his aids are placed at last. ‘The eolum: moves on at the word of command. A thous cheers come out of as many different throate, amd all g00n as mermly an crickets. “But what the devil is that ahead? More ef those d--d fire-works up Chatham street, as I'm a sinner,’? jrand Marshal d so think the horses, says the G they come tos dead halt. Spurs are no go—butrock- ets, Bengola lights. ry Renew candies are shot, fix, bang, lively now, among the h ad they go. “Hold my stick.” saya on won’t I be thankfal, if | only g says Judge Jef. Smith; and aw: horse and rider down dle shooting after bim, “ Here, boy, Js a shilling. horee till I get off.” says hed by the Grand \ Thanks be to God, majority of ‘em, I it here # moment, Jet us go back to ‘There is acar drawn by eight horses. @ forge in in uss; they are drawing the red hot bar; the erowd on the car press back to avoid th @ shriek of agony is heard abo all other no! ae “ Stop that car,” shouts Camp ; “ oarr, oung man tthe side walk; he ie crashed The Assistant Marshal Jenkins rides up, “ What is all thie?” Great God. what a sight meets hiseye! And as he lends bia aid the tears are rollin; down cheeks. For twenty processions I woul not have bad this happened,’ says he. Col. Dennis ia there too, and poor Bill is in tears at the sight. Some of the bystanders take the fellow, who but » moment before was all life, andex- ulting at the illumination with his fellow demoerata, an ineensible macs ef clay, to the surgeons of the New York Hospital. “Telle est lavie,” exclaims the demooratio philoso- pher,and on goes the mass of living beings. The GM. partes up the Bowery—more of thone infernal fire-works ; and now come some of those whig omni- buses. The drivers ply their whips, just ae if they thought to scare democrats In God's name hold my Chatham square 4 hin aida in safe apecial bh these fixings, and keep the Grand Marshal and Grand Assistant Marshals democratic ship-shape and in ord:r, Gen. S:orms pulled off his coat in the old gathering place, and selected Gen. MeNoil, of Rhode Island me- mory; Gen. Morris, the poet; Gen. Walbridge, of Ohio; and Col. Manning, of the militia service, as bis choice for Grand ante. So far xe good mocracy were satisfied ; but now comes the tug of war. Special Aids were to be given to all these high officers, and the committee felt tbat they bad men intheir our ranks who could ride shore avd handle a baton as well as any militia cfficer in the service, and they were not to be choused cut of the arrangem nd glory for whioh they had 1o foot the bille. Oh no ; no such dodge as that could be allowed; und while the Grand Marshal filled up his iists with returned Mexican war heroes, as weil from peaceable militia heroes, the committee had an equal number of men for him to nominate from their own ranks, Gen, Storms, like an old experienced tactician. ag he is, submitted gracefully and with pleasure to what new would bave to te, and the civilians were sost- | tered pretty equally among the m: men. Not s0, however, with the Assistant M. . Gen. Morris knew more of literary and militia officers than he did et 18th or 19th ward democrate, and he was the first to hick. The arrangements for the programme were | ready for the press. The Grand Marshal,aen, Storms, was pleased aud the committee were satisfiet, andthe general bad retired to his quiet home, and left his sstistants to talk over matters with the committee men “Whe the devil are all these chaps?’ says General M., when he looked over the list. © Who are what ?” replies the committee. “Why, where did Storms get all these names from? I don’t know them.”” “These vames! Why,most of these names are members of the General Committee of Tammany Hall, sent here by their respective wards.” * Ohthey be d—-d; they are mere civilians. We vant mifitary men ; men who know how to do up the ‘bing ar it should be done.”’ enid General Morris. “You do, hey. Well, Bill,I say the General is all vight—let’s give him military men Good night, old boy. You just look in the papers in the morning, my knowing chap, and you'll see itsall right, and that you have SS military men. We’ll leave the mere civilians out of the list aitegether.”” “Good night, gentlemen; I think you will find my proposition decidedly the most striking,” said General George P. Morria, and exit. “Well, fellows. That fussy chap has gone; nowlet’s £38, work and finish up that programme as he wants lone.” “Hell and feathers! What? Why, Bil), aro you mad? Leave out all the General Committee mea and our own friends? That be d—-d!” “No, Tom, you don’t understand me; I don’t exartly mean that; but still, let’s give him military men. Holy Moses! aint our committee as much military mea as any of bis own ducks?” “Of course they are; they are just ao. They are as much Generals and Colonels and Moejors and Captains in the democratic ra ‘« Well. are we ali agreed it shall be so!” * Certainly we are—now heave ahead with the list— Dre got to go up toa meeting in our ward before I go eme,”” “Read over the names of the special aids; commence with the lst ward.” “ Jo Scovill;” “mark bim a Colonel.” “Get out. He is no Colopel’ “ Damn it, Tom, you must have some rule to go by; mark all the General Committee men colonels, and be done with it.’’ “Wm. Blair.” «Put down Colonel” — “ But’— “Oh. d—n the odds—he’s on the General Committee,’ “N Diamond—ditto to Mr Burke, as the orator said.” “ Second ward, Wm. Burkhead.” “ Mark Colonel—He is on the General Com.” « Joseph Elliott—He aint » committee man.”’ “That's a fact—never mind; mark bim a colonel— cultivate him; he is foreman of the Herald, and may do us some good.” Third ward, A. J. McCarty. * Colonel, he is @ com. man.’’ “P. G. Maloney— Weil, mark him @ major; he used to be a member.” “Wm. © Bolton.” “ Oh, stick Bill down a colonel, sure; he is one of ‘m.?? vem. “Go on; mark what you know; when you get aground, sing out; when you come across a real military man, give him his real title, eure, or else them generals will tay we're a making sport of their subs.”” W. Newton ” ll, call him Colonel. Congressional convention ” th ward, R. J. Compton.” “Ob, never mind them 8th and 9th ward chaps— leave ’em plain.’’ . h ward”? “ Leave ‘em ditto,” “ Eleventh ward, William 8: «Colonel, by J—6—nothing ‘James Fury.” 5 “Let's cee; Jem isa Cass and Butler Union; give him @ mojor-hip.”” “Thomas W. Brennen , , “He is on George Law’s convention; major him, too.”’ “ Twelfth ward ”’ . « Never come down, except MeCarty, and he won't serve”? He was on Mandy Hart's “Sam Rogers—give make him a general—hi your hand is in, make ¢ Camp. cr he'll be @ blowin’ on “ Fourteenth ward, B B. Purdy “He is grapd asristant—that give him plain; ditto Tom Jenki pt grand.” ifteenth werd—John J Cisco.” “Oh, plain; he turns out with the General Commit- tes.” “W. E. Denvis.”’ “Colonel, of course; and ditto, Generel Committees men” fs “Sixteenthth ward—James P. Dunno.” “Colonel, of course—on the Committee.’ “Seventeenth ward—Joseph T. Sweet.” “Colonel of covrse—on the Committee.” “Thomas MeSpedon—he is on the Committee.” “Ne- yer you mind, cut him down a reg; hasn’t been here— Teark him down to a inajor.” : % “Kighteenth ward—W. H, C, Waddell “Let him atone; he was up for Congrest.”” “L, B Shepard”? g “Up for orde! porghvg You may want a friend at the Sessions bye and bye.” Pat JR Merem down as colonel; good fellow, and over town.’ honor enough— he is anothor aa- | Dan Norris, both goes old Lewis up to the hub. Stick Tucker in fors coptal ow, hess. “Here are some I don’t know, them as you thiok proper—colonel Run the chances, Now, then, let’s ro, an the Jist to the print and then take @ drink.’ That's the t ints and sinners, won't n hiseyes to-morrow morning? He thing. be don’ ‘. t conceive whata fertile country he resides in. e you got through’ Nonk oN Varlegete a if he does. the whole ty; we bayer? YMho's gov botter rig Great, wes the wonderment amon the hard-fisted democrecy in the respective wards. bore a ees fete: havged at once, as if by magic, into itary 0! cheb ete The new cereated fered duriog the \ hape of 3 the: ‘0 pay for, Se srromotion; and oo the day wore away finding their plain | to the Senate, they But look at Professor Grant. Like his namesake Jem, he keeps his eye on the picture He turns the points of his light slap dash at those horses’ heads—two reconds do it ; the horses stand as quiet as lambs shivering in a frosty morning—they are too astonished to travel; it beats Barnum’s small affair; they don’t knew what to make of it, and ro stand still until Grant and his apparatus get by. On gors the procession up Grand. Now they stop a bit; something is out of order, and away goes Capt. Mort Fairchild, to earry an order. “All right. General,” and “move on again.’? “Forward !”” is the reply. The windows, and doors, and stoopr, are crowded with girls—demooratic girle— nore of your upper crust fancy coacerns, but girle with hearts und souls, and heaith, fit to make good wives and mothers to honest deserving men. Lewis street is reached. Still cheered ; and now re in the old 11th. ‘© are people. The Drummond ia going it likes thourand of brick up Housto: at the women and girls retting off fire-wor! Now weare in the Bowery, ‘hat the devil ails that Dram- mond?” “It ‘aint out yet; it rallies” ‘Now it’sagoing, going—bell, it’s going out.’’ “I knew It would whe got among the upper ten.” “Damn them they've done it.” The Drummond is out; and as t! 4 of the procestion moves actoss Broadway, in Ninth street, all hops from Professor Grant is at anend, and his omnibus takes itedepartare, sarrow- fully, down Broadway procession \s moving among the merchant in the Fifteenth ward. No cheers, nv welcome; but the head of the procersi is cheered by the ringing shouts t come from the rear, Never mind, boys,” shouts « stentorian voloe; © the demoe: ere? © The whigs love karkners rather than lig! General Jackson said.’ “ The Drummond k. when to goout” “Thats fact,” says another; “it shone first rate when it wasin the democratic wards, and went out on purpose wi Broadway, among the whigs ” z It is pear midnight. the head comes down to the Astor, Large bodivs have filed off and gonehome. The west Park gate is reached. “Cross to Tammany.’? shout the Empires. No go. ‘Keep down Broad way.’? * Bloeked up.’? “Go around the Astor, then; and sround the Astor. down Barbie through Charch, a; Vesey, to Park Rew and old Tammany, The G. M. balts—the crowds move on home—up go the rockets— the bar room is filled ; and while the tired groups. are dscussing the incidents of the procession, we drop our pencil and go to bed, perfectly satisfied that the real Tammany democracy are hard to beat, either in real un or real fight. City Politics. At a meeting, held on the evening of the Ist Novem- ber, 1848, at No. 432 Fourth street, for the purpose of questioning the right of the Corporation of ‘Trinity property now in their hands, CUburch, to hold 1 claimed by them awtheirs. and reviewing their excuses. for committing the bigh banded wrongs a acts of which they have been guilty, Mr. Wm. G. er was appointed chairman. and Mr. Thomas C. Murphy, secretary, when the following prambles and resolutions Were offered and unanimously adopted. Whereas, There is no power more dangerous to the intereate of the State, than corporations amassing a vast amount of wealth, And using it to premote their own interests: and of Whereas, Trinity Church larly chartered on Sever Barton toca bigucd ty all sean mn bee “he f never baving been signe: e tere, DOr mal of Uthee affixed theretor aud. ‘yf ne Wherear, Trinity Church b mense wealth that the pretended roduced \ee-copy” when called upon, ic Jefislators, and otters, to believe that the original was correct in form and fact ; and Whereas, Trinity Church illegally holds ge! of millions of dollars which belong to the people of the Stato, and whieh, #15 thovld be excheated to the State, would pay off the Ktate relieve people from taxation, and increase the common Y ‘as, Trinity Church, in 1846, denied the anthority of the Leiaiaty re to cail on them for an account of ite stewardship; and Whereas, According to thelr own report, made under pave forfeited their charter, by having & greater inecme than they are entitled to Resolved, That we will meet Trinity Chureh in the petitical field the has so long cocupred, and make a trial of right againat Hesolved, That Hamilton Fish, hsving bren addressed on tho rolject, has refused te novice our’ communication, and is, there- fore, not entivied to our support, ans bat as tho Hon RH. Walworth bas beon addresved subject, aud hae discisimed having anything to do jherefore. nct entitled to our support: and the principles of Gen. Jom a, Dix, and tho the free soi! party, coincide wit! all bonorable abeve candida: es fir State offiees Reolved, That there preambles and rvvelutions be published tn the city papers; and all papers througtout the State, favorable to the caver, be requested to give them an inacruon, and eall atten: tion to them. Upon motion, the meeting then adjourned. ‘WM. G. BUTLER, President. Tnos. C. Munrny, Secretary. Police Intelligence. Charge of Abduction.—A complaint was made yee terday before Justice Lothrop, under the new lew for the punishment of reduction, by ® very good looking youn, 7 ar the name of Fli- abe Trinity Place. She about the 26th of tember last, one Charles Lawson paid bis addresses ber, and after come little courtship he succeeded in the seduction of her virtue, under the promise aud agree- ment to marry her. but inst: of doing 80 he left and abandoned her, The statement of this poor girl was by Agnes Goodbull, who frequently heard was engaged to be married to Elizabeth, aud that he bad on several oceasions had ‘eit intercourse with her. I pv facts ret forth, coming within the meaning of the new law, the ma- gistrate issued bis warrant for the arrest of Lawson, and placed the rame inthe hands of ofleer Leland, who proceeded at once on board of the ship lows, lying, in the stream, bound for California, on which ship the accused is one of the officers. On the oMecer making the arrest, the mate of the ship refused to allow the prisoner to leave the rhip, and thereby compelled the officer to return without him. Measures, however, will be taken to-day ty the magistrate that will show the mate of said ship that such interference with the police authority of this city, will not be tolerated. Heavy Business at the Tombs.—Daring the lest month the magistrates at the lower police court, have committed for the deliberation of tbe Grand Jury of i hich is impannelled to-day, 61 cates of grand larcevies, and about three times that amount of petit Jarcenies. This large number of felonies don’t show that crime is on the deorease, bat quite the contrary ‘ Monryep Pavrer.—The Rochester Amervan of the 3d inst. says that as the Police Magistrate and the Overseers of the Poor were home- amined, w of his vest containing the ing sume, vis: $¥6 80; $60in American grid; pening eth 17! in bank notes, making the sum adred and thirty three dolars a: olghty cents! de- duct his exchequer cost of his night’s lodging and the search, he was dismissed with an em- phatic Injunction to leave the city, He tpoir Pitoe ing ‘The Gi vgn 7 o'clonk arrived, Tam many Hallwas to be the grand rendezvous. The ald obeyed. Such instances have occurred in this city, im one of which A pauper was searched at the poor house, and $0,000 found upon him,