The New York Herald Newspaper, October 26, 1860, Page 4

4 NEW YORE REBALD. OO" Se JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. OFFIOR N. W. CORNER OF FULTON AND NASSAU STS+ TERMS, cash tw adeance. Money seni by wadl stl) bs at the eiskof the somder Postage stamps mot a rake DAILY HERALD woo THE perp Loy . oF $8 per annum; ; Gat ohx conte per cope, anim to any part of reat Britain or Bw "one po tof TContinent, both to énclude postage; the California Biition om the 1st, | both TTA and lat of each soon, as wir fs or $1.60 per aman | Srile vasticr HERALD on Wedneaday, at four cents per | copy, or. ‘ann WOLUN TARY CORRESPONDENOR, containing iaorten ral trewea, solicited from any quarter ay elit be Ree te Nl A” eam Son Foxman Connesronpe: Berl mad cm Be So Sean aie Larrraas aXD PACK aon suet Uh NO NOTICE vinous correspondence. We do not ote ¢ : e awmen PEP cia conte per Mery Wednesdon, cents por svery Satur: ‘Edition taken ERTISEM & the Weexir Hi ‘ornia and European Editions, OB PRINTING +-No- 299 | AMUSEMENTS THIS EVENING. AOADEWY OF MUSIC, Fourteenth street.—Genuan Ora- Ra—MaRtiia. KIBLO’S GARDEN, Broadway.—Kure Laan. WINTER GARDEN, Broadway, opposite Bond street.— Hawny V11l.—Suurson & Co. BOWERY THEATRE, Bowery —Mrsveures saxo Misenirs or Naw York— Wipow's Victim—Bos Nerruxs—Pavi Jones. WALLACK’S THEATRE, Brosdway.—Piariva Wire Fis. | LAURA KEENW’S THEATRE, No. AROON. 624 Broadway.— NEW BOWERY THEATRE Bowery.—Tiauwarwan oF ux Skas—Notuxe Goose—My Wire's Come, UM'S AMERICAN MUSEUM {Broadway —Day and mae ee AND His, Buetuuen—Livisa Ovkiost wins, 40 BRYAPTS’ MINSTRELS, Mechanics’ Hall, 472 Broad- way —Beuuesacns, Songs, Dances, 40.—We Come rho Tus His. RIBLO'S BALOON, Broatway.—Hooury & Casrseu’s Mixeranis 1x Erioriax Sonas, Buaumsquas, Dawozs, &0.— Puixce or Wares’ Bait CANTERBURY MUSTO HALL, 663 Brosdway.—Soxas, Dances, BuaiEsa do. York, Friday, October 26, 1860, new Itis universally conceded that, unless (re vote of New York can be turned against bin, Lincoln's election is inevitable, If we can, then, satiefuctorily show, from the facts and circumstances bearing upon the case, that the day bas gone by for the redemption of New York, we settle all doubts touching the issue of this Presidential contest. This taak we now take in hacd, a8 a simple matter of duty to our intelligent readers, and as an act of simple jus- tice to all parties concerned. Onur cotemporaries in bebalf of the Union «toral tcket of this State are stili@ ntend- from the results of our elections in 1456- ‘ot-59, ‘bat there isa heavy popular ma- in 7 j ty sOl) existing in the State hostile to the republican party. We have earnesily labored uvou tbe seme plausible statistics t» encourage the fusion of all the conservative elements of the Commonwealth againat Lincoln. But, call- +d to take @ dispassionate view of the field, fiom the euggestive reeults of these late Penn- 8)!vania, Ohio and Indiana elections, we dis- cover that all our statistics of preceding elec- tione, even as late as 1859, are worthless, ut- terly worthless. And wherefore? Simply be- cause the disruption of the democratic party bas thrown the who!e game into the enemy’s hands When the representa'ives of the democracy | aseembled in their national council at Charles ton, the Presidential succession was clearly within their reach. A substantial and signifi. cant popular conservative reaction had com- menced in the North, in anticipation of the union of all the democratic sections, factions and cliques upon a common Presidential ticket. Encouraged by this belief, the conservative ele- mente nobly rallied against the republicans in Connec'cut, and very nearly carried the State. Rhode Island they did carry, against a picked representative of the “irrepressible conflict,” by a handsome majority. Had these Northern popular manifestations in behalf of union and harmony «t Charleston been properly appre- ciated by tha’ Convention, there would have been no difficuly in opening the way for a decisive national triumph over the republi- cans in November. To this end the nomination of some such na tional democratic Union ticket as Dickinson and Stephens, of Georgia, or Breckinridge and Lane, or Horatio Seymour and Jefferson Davis, with- The News. By the arrival of the pony express at St. Joseph yesterday, we have advices from San Fran- cisco to the 13th instant. The general news is unimportant. The political canvass was goingon briskly and with considerable ac rimony. The speeches of Senator Gwin and Gen. McDouga marked by olent personal abuse of each other, and there was some probability of a hostile meet- ing of the partie The Golden Age, which left San Francisco on the Ith for Panama, had 323 and $1,240,000 in treasure for New York. tSan Francisco had somewhat revived. Thomas Dallett, Captain Dill, ar- rived at 1 elphia from Laguayra, we are in re- ceipt of Venezuelan dates to September 27. On the 18th the Commandant, Camero, took possession of Cumana. The Spanish steamer-of-war Blasco de Garay left Laguayra for some of the Eastern ports, with the intention, it is supposed, of taking some Spanish residents on board for protection. Some are of opinion that the difficulty with Spain will be adjusted amicably. At the meeting of the Board of Aldermen last evening, a resolution was adopted calling on the Croton Aqueduct Department for a statement of the number of water renters in each ward, the num- ber and compensation of the officers and clerks of the department, and their duties respectively. The contract for the removal of Coenties reef, in the East river, was confirmed. A resolution autho- rizing the Street Commissioner to advertise for proposals for completing the Battery enlargement was adopted. A resolution authorizing the em- ployment of an engincer tor each steam fire on gine, at a salary of $300 per annum, said engineer to be chosen by the companies, was adopted. The resolution increasing the salaries of the five general Jerks in the Street Department was amended so ‘as to include an increase of $1,500 to the Superin- tendent of Lands and Places, and the subject was then laid over. Considerable routine business was transacted, and the Board adjourned till Monday next. The Board of Councilmen did not transact mach business last evening, and the only important paper disposed of was the concurrence with the Aldermen in conveying a plot of ground to the Hebrew Benevolent Society for the purpose of constructing an asylum for orphan children. The meeting of the Commissioners of Caarities and Correction yesterday was one of unusual inte rest. Their report of the Committee of the Whole, among other things, contaiaed the’announcement that four hundred acres of land have been offered to the city for the benefit of the poor children thrown upon its charities, by Mr. Hatch, of Egre mont, Massachusetts, on conditions which are stated in our reportof the meeting. Resolutions adopted by the Board, in reply to those recently passed by the Board of Police Justices on the sub- ject of vagrancy in the city, are also published in our report. The number in the institutions at pre- sent is 7,642, a decrease of fifty-one for the past week. Colonel Cerfbeer, of the French army, anda Jew, bas written a letter to the Journal des De vais, of Paris, contradicting the report that the Jews of Damascus had aided in massacring the Christians. He states further that, lest there should be any lurking suspicion, a gentleman has already been despatched from Paris to Damascus to make every inquiry and report faithfully to the Hebrew Société de Bienfaisance of Paris. The corner stone of the First Independent Metho- dist church in this city was laid yesterday after” noon, in Forty-first street, near Sixth avenue, when appropriate addresses were made by Drs. Bar- chard, Tyng Dowling, also by Rey. Mr. Mat- tison and Theodore Tilton, the latter recommend- ing that the “underground” cellar in the building should be used to protect fugitive slaves. It will be seen by our report of the proceedings that this society holds ultra anti-slavery views, its pastor and leader being a rabid apostle of the “higher law. George T. Alker was last evening chosen As- sistant Engineer of the Fire Department, to fill the vacancy occasioned by the resignation of Mr. Cregier. A fire occurred last evening in the building No. ® Warren street, occupied by Sveinberg & Lich- tenstradier, and Seixas & Brother, dry goods and hosiery dealers, and, notwith#anding the fire was | speedily extinguished, goods to the value of $30,000 were destroyed. Toe cotton market was firm yesterday, and prices were cuttained, with sales of about 4,200 bales. Flour was * tbout change of importance, white the demand war morenctive Wheat waa firm for the better grades of red, white and ember, while common grades of epring andclob were heavy, sales were pretty freely made at prices given im another place. Corn was im good demand fod active, WIth eales of mixed Western at 69)yc. a T0c., The Pork wae beavy, while At $1806 © $10 95, and prime do, at O14 19) 8814 95. Sogare were quiet, and eales confined to about 260 hbds. Cabs, 260 boxes and 67 hhds, melado, at prices given in another place. Cote was firm, with sales of 2,500 bags Rio, ex ship, at 1445, and 1,200 do at pt Freights wore firm, with more offering Among the cogagements wheat was taken for Liverpool at 1244. «1244. tn bulk and begs, aed corn at 11K « out the entangling abstractions of any platform whatever, would have sufliced to lead the de- mocracy to victory. The socalled constitu- tional Union party Convention at Bal- timore—a mere waif upon the waves—might still have nominated a separate ticket for the local purposes of the Southern oppesi- tion party, but practically it would have amounted to nothing. The South would have been a unit upon the Charleston ticket, and the old line whig and American conservatives of Rhode Island, Connecticut, New York, New Jersey, Pennsylvania and Indiana, between that ticket and the republican ticket, would have been at no loss as to their line of action. But the conflicting candidates and cliques at Charleston brought that convention to a revo- lutionary explosion, and from that moment the great Northern popular tide which had been setting in towards the democracy began to turn against them. Still it was not too late at Balti more to repair damages. The New York dele- gation there—yea, one man of that delegation, had be esteemed the defeat of the republican partyin this contest ae the paramount object — might ctill have led the way to their defeat. Falling short of this duty, in choosing the looal chances of a bal{way offering to the antislavery sentiment of New York, rather than a bold vea- ure fora national triumph, the chief of the New York delegation finished at Baltimore the work commenced at Charleston, to wit, the dismemberment and dissolution of the demo- cratic party. With that eplit of this party into two hostile camps, the conviction became almost universal among men of all sections and parties that the republican Presidential ticket would walk over the course. The rejection of Seward and the nomination of Lincoln as the republican candidate, instead of weakening, strengthened this general impression. The August elections in Missouri and Keatucky disclosed, in the one case, the confidence and enthusiasm of the republicans, and in the other the hopelessly crippled condition of the de- mocracy. Vermont and Maine, in September, still more significantly betrayed the drift of the wind, and Pennsylvania, Ohio and Indiana, in October, have exhibited a Northern popular stampede which sets all opposing calculations, election statistics and fusion possibilities at de- fiance. In the way of illustration, let us take the case of Pennsylvania. In 1856 her Presidential vote, in round numbers, was thus divided: — For Mr. Buchanan + 230,000 For Mr. Fillmore +. 82,000 Total anti-republican vote ce eeee eee: 812,000 For Colonel Fremont, republican . 147,000 Majority against the republicana.........166,000 Now in this late Pennsylvania election, where there was every external appearance of a coalition between both factions of the democracy and the old line Fillmore whigs and Americans upon Foster for Governor, he should bave been elected, according to these figures, by a splendid majority, with liberal allowances to the republicans for all drawbacks on the other side. But look at the actual official results, in round numbers:— For Curtin, republican. “oe «eee 262,000 For Foster, Union democrat . 230,000 Republican majority sccvsccscecees SBS Here} we see that Foster, with all the efforts of the democracy and the Bell-Everett old Hne whige and Americans, barely reaches the demo- cratic vote for Mr. Buchanan of 1856; while it is exceeded in the vote for Curtin by 52,000. These figures are instructive. They exhibit a revolution in the popular vote which is per- fectly astounding, and which completely does away with all our Ggures and statistics of pre- cading elections. What is the solution’ The disruption of the demooratic party—the hostility and treachery of the two factions against each other, each, to weaken the other, playing into the hands of the common enemy—the confidence of the republicans, and the movement of the floating vote and the new vote to what it believes will be the winning side. This is our explanstion; and with this example before us of the absorp tion in Pennsylvania, since 1856, of an aati-re- publican majority of 165,000, and a republican teen hundred on one or two State officers ou! of rine, a year ago, and with 150,000 voters in reserve, awaiting the movements which were to shape their course in this Presidential contest’ Common justice to al! concerned demands that this idea that “something may turn up” to redeem New York should be abandoned. New York will vote for Liacoln, and by a larger majority, we dare esy, than any other State. Lincolu will be elected. There is no use in mincing the matter any longer. We are called upon to look this thing full in the face. The best that our Union forces can now do is to tave all the odds and ends of the election within their reach, such as Congressmen, Assemblymen and county officers. Lincoln will be elected, and all parties concerned may as well jast now shape their course to that event as to wait till the day after the election. Black Repa@ican Propagandism and the Reserve Vote. There can be no doubt that the gain of the reserve vote by the black republicans is owing to the propagandism of their principles through means of their anti slavery documents, includ ing Helper’s book, from which we made some extracts in yesterday’s Henatp. Their appeals to the fanatical and religious prejudices of the population of the Northern and Middle States bave not been in vain; and the perverse and suicidal strife between the two wings of the democracy has crowned the black republican cause. The leaders of the opposition to the demo- cracy had exhausted all their ingenuity in trying to break down the democratic party, but with- out effect, for the reserve voters always went for the democracy, as they did in the case of Pierce, because they regarded it as the conservative side. At last the republican leaders resorted to the antislavery sentiment as their trump card, and out of the ruins of their old party formed anew one on this basis. The Kansas agitation waa fomented with this view, and when that was used up, the leaders went to work and disseminated anti-slavery documents directed againet the existence of the slave in- stitution in the Southern States. Chief among these was He!per’s book, which bas been dili- gently circulated during the last three years, gaining over numerous converts. Filled with misrepreeentations about the nature and effect of the Southern institution, the condition of the negroes and their treatment by the planters, the disastrous consequences to both the black and white races at the South, and the evil inflicted upon the country at large, Helper’s bock bas operated like the preaching of Peter the Hermit against the Moslems. Thousands in Yankeedom of the lineal de- scendants of the followers of Cromwell have been led to believe that they have a better right to go and take possession of the South, and drive out the impious slaveowners, than had their pilgrim ancestors to disposseas the aboriginal inhabitants at the North, on the ground that the land belonged to the Lord and to bis saints, and that, as the Puritans were the saints, the land of Divine right belonged to them. Toa great extent the old spirit still exists in the North, and it was successfully evoked by the Helper book. Then there is a large floating mass of idle, fighting, filibuster population in our Northern cities, who fear not God and regard not man, and to whom nothing could be more attractive than a crusade which would give them possession of the conquered lands of the rich and sunny South, whose white inbabitante are supposed to be so effeminated by the climate and its luxuries, and the ease resulting from the labor of the negro, that they would fall easy victims before the onset of the hardy Northern hordes. Laetly, to gigat wun bere of local hungry politicians who failed to obtain office in the democratic party, the new party offered « chance of living without work, upon the public plunder and spoils. To them a change of political creed is easier than the chenge of a coat, if they can only see any per- ronal advantage from the change. Among this class the rabid appeals of Helper’s book found willing and attentive ears, for they concluded that the republican party was going to win; and it is a fundamental article of the office seeker’s faith to be on the strong side, and if possible to demonstrate that they hold the bal ance of power and turn the scale. For the last three years the republican lead- ers—such as Seward, Weed, Greeley, Morgan, Bryant, Jay, Field, Tappan, Anthon, Ketchum and Stranahan, in this city and State, together with Sherman, Lincoln, Colfax, Lovejoy, Burlin game, Banks, Wilson, Grow, Blair, Cassius M. Clay, Covode, Washburne, Wade, and a host of others in various States—have been actively consolidating the republican party by means of the Helper book, and the result is that it ab- sorbed the greater part of the demoralized American party, a portion of which went back to the democratic ranks, whence it came. The elections of 1857, 1858 and 1859 showed that there was a large reserve vote of nearly a mil lion which was not polled. The parties were nearly balanced, and it was therefore evident that whichever of them could succeed in get- ting the reserve vote, consisting of conserva- tive citizens who are not politicians, would be triumphant in the Presidential struggle. Had the democracy united at Charleston, or even at Baltimore, they would have won probably two- thirds of it. But their insane dissensions and the propagandism of Helper’s book lost it and gave it to the republicans. The first mani- festation of the result was seen in the Ver- mont election, a still more signal one since in Pennsylvania, and, unless by the intervention of ® political miracle, the climax will be cap- ped by a large majority for Lincoln in the State of New York. Penxsrivanta Powrtics and Powrrictaxs.— We understand that the Pennsylvania poli- ticians of all parties are putting a change of linen in their carpet bags. and are about to pay anotber visit to this city, and make a Laul upon the money bags of New York and New Eng- land, more especially New York. These phi- losophers manage to mix up political matters in their State, and just before election come to New York with a pitiful story about the condi- 194. 40. four at Be B4., and cotton at Kd. To Londea | SMin of 33,000 in addition to that, is it not fool- wheat in ship's bage was taken st 13K4., and dour | ish to calculate upon saving New York on the a 08. flimsy basis of » fusiog majority of some four, tion of affairs, and thereby succeed in carrying off quite a pile—enough to keep them in linen and so forth until the next election. They sel- om do anything until after they have been here and filled their purses, when they go home, as Forney did in 1550, and corrupt the virtuous people. They always seem to have a particular love for New Yor. and all its inte- reste before election; but no er do they find their way to Washington thas tiey commence to abuee everything to our interest, and seem to pride themselves in denouncing those who bare kept them from starving. HK will be well foc thom to whom they _NEW YORK HERALD, FRIDAY, OCTOBER 26, 1860. Pe+y miod, and not give the ungrateful ecamps an- otber opportunity to heap their billingsgate upon those who have furnished them the means to keep their beads above water. Let them have no view of the vaults of Wall street until they learn decent manners, and can remember favors better than they have done heretofore. Caba and Its Resources—The Sugar Crop of 1860. A useful work, by Senor Carlos Rebello, has just made its appearance at Havana, giving the statistics of the sugar crop of 1860, taking the production of exch estate separately as well as in the aggregate. From the author's figures it appears that the crop of this year was cut from 700.000 acres, or about one forty fourth of the total area of the island, which amounts to 30,- 741,000 acres. The average yield per acre was about fourteen hundred weight, realixing, at four cents per pound, about $62 75, The total crop was 503,280 tons, and its ag- gregate money value $45,270,000, being in ex- cess of that of 1859 by 65,000,000 pounds, or about six and a quarter per cent. As compared with the crop in Louisiana, the figures will stand thus:— ont Cuba... - 603,280 Average per estate about....376 Louisiar@,...114,000 Average per estate about.... 87 Showing in favor of the former an excess of 489,000 tons, which ts due entirely to difference of latitude and the absence of frosts, there being more care and ekill expended ia Louisi- una in bringing the crop to maturity than in Cubs, where the climate favors the planter.” It will be seen by the annexed table that the amount of steam and animal power employed in Eouisiana is relatively greater than that em- ployed in Cuba, where a crop four times larger is grown:— Estates. Sim. Pr. Animal Pr, Water. Of Steam. Cura.... 1,366 949 409 1 0 per cout. Lowsiana 1 808 eon 316 ‘16 percent. There is not on the eurface of the globe another country which yields euch rich returns for the labors of the agriculturist as Cuba, or whose Jand owners are so wealthy asa class. The incomes derived from the sugar estates range from $5,000 to $200,000, and, as several of theee are in the hands of one proprietor, the revenues of individuals are in many instances almost re- galin their amount. No smali proportion of these incomes are epent here, it being the cus- tom of the wealthy Cuban families to send their children to the United States to be edu- cated, and to pass themselves a portion of the year at our Northern watering places. The names of the Alfonsos, the Aldamas, the San Fernandos, the Montalvos, the Her- reras and the Dnquesnes are almost as fa— miliar at those places as those of our own commercial magnates. If we were to esti- mate the sum annually expended by Cubans in this country at $5,000,000 we should not be far from the truth. Besides the sums which they leaye here, they also spend a large amount annually on the continent of Europe. There is scarcely a country, in fact, which offers any attraction that does not benefit, more or less, by the wealth of the Cuban aristocracy. Of course it is to elave labor, and slave labor alone, that our Northern people owe the advan- tages which the presence of these rich siran- gers, and their liberal orders, confer upon our teade. If Cuba were dependent on white labor it would be reduced to the condition of the British West India Islands, and its planters would be unable to gratify their love of travel and luxurious tastes. But for the prizes which its agricultural requirements hold out to it the slave trade would have been long since extinct. It ia maintained, aud will continue to be MAiNtailed, despite its risks, simply because it pays. So it is with smuggling. and every other illicit and bazardous traffic. If British and American abolitionists are sincere in their desire to extinguish it, there is a simple and effectual way of doing it, without imposing upon their governments the expeuse of waging a useless war against it. Let them drop the use of sugar in their tea, their coffee, and their toddy, and they will find that the importation of negroes into Cuba will diminish and finally cease, for the same reason that smuggling is discontinued, because the profits derived from it no longer compen- eate for the dangers incurred in carrying it on. The abolitionists have not, however, the self- denial to do this. Their philanthropy is exer- cised only at the expense of others. Cuba must therefore go on supplying her labor market as at present, and furnishing the world with the products which modern civilization deems es- sential to its comfort. As the demands upon ber resources increase, it is something to learn from the figures just quoted that her ability to produce can keep pace with them. To what extent that capacity could be pushed, were the island annexed to the United Statef, is a fair matter for speculation. Judging trom the emall extent of Its soil at present cultivated, it is no exaggeration to say that, instead of $45,000,000, the annual value of ite sugar crop would in tea years amount to $200,000,000. Tons Mr. Dickuyson’s Exrianatioy,—We have re- ceived the following explanatory note from Hon. Daniel S. Dickinson, touchiag a late edi- torial article of the Herato:— Brvouamtow, Oct. 24, 1960. Jase Gorven Bassett, Es. — Dasa Sia—In your comments in the Haxatp of yeeter- day wpon my recent letter, recommending the support of the “ Unien electoral ticket," yoo seem to suppose that in my borrowed commercial of trade, apd deny ing its utiMty in to Commercial men and their movements Nothing was further from my intention, for, in free and easy vos. itieal board of trade” bu lary and the way | employ it,a* baa co more reference to ts than that of “political #tock jobbers’ bas to the dealers of Wall street. The ex- pression was chosen to characterize those who trade in politics, ae merchante do in commodities; who live b: political huck#tering: who \y bave no other pers whatsoever, ard who hare er, plied thetr vo. cation #0 industriously that ruin made ex. teme retorts necessary. Butl write also to say, for o common purpore, that thoee who are anxious for the eucocss of the Union electors, and urge the with drawal of the Breckinridge State ticket, should review their own porition carefally before criticise mine too freely, It te not for those whore real and para mount objcct is the election of the Dougias State ticket to clamor becaure of the continuance of the other Bat national Union men, devoted to one great purpose, should eee that [18 withdrawal under all the circumstances of ‘the cane, Could not fail to reduse the vote upon the Ualon electoral ticket many thousands When understood as above, my position is the fair subjeot of eriticiam, Sia cerely yours, D. 8. DICKINSON. We are free to admit that this explanation of Mr. Dickinson upon both points in the letter to which he refers is satisfactory and consistent with his position as a bona fide Union man. We must, however, adhere to the opiaion that in turning off from the fight against Lincoln for a broadeide, now and then, against Douglas, Mr. Dickinson, like Mr. Brady, is wasting his pow der. If the friends of Breckinridge could agree to let Douglas alone, and vice versa, and direct their combined efforts against Lincoln, they would at least command the respect of the enemy; but otherwise there will be very little virtue in this fusion electoral ticket, for local or uaticoal purposes, to either faction. for money this time to bear this in | wre Appromehing Revotutton—signs of Danger in the South, The signs of the approsebing revolution are accumulating in the Sout®, and those who watch with care the shadows that coming events cast before them do not fail to appreciate the danger on the verge of which we age treading. In the condition of the country, and the po- litical causes which are at work to produce baneful results upon its material interests, there is a great similarity between the present time and the United States Bank contest that pre- ceded the great financial revulsion of 1837. As like causes produce like effects, we are forced to entertain the conviction that the finan- cial, commercial and industrial interests of the whole country are approaching a collapse iden- tical with that of 1837, but greater in its ruin and desolation, inaemuch as these interests ere far greater relatively to the popula tion than they were then. Daring the period of time that has elapsed since that disastrous epoch, our population has increased in arithmetical progression, while the operations of our industry and trade may be said, in general terms, to have increased in geo- metrical! progression. Every one who remem- bera the great conflict of the times of Jackson and Van Buren, cannot fail to perceive the parallel that exists between then and now. In bis first meesage to Congress, in 1829, Genera! Jackson introduced the passage which initiated the contest between the political ele- ments and the great financial interests repre- sented by the United States Bank. From that period the war went on continuonsly—the bank sometimes expanding the currency and at others subjecting it to great contractions, until finally the movement culminated in the universal ruin of merchants, bankers and politicians. All were swept away by the crash of 1857, In 1840 a new political party came sweeping into power, bringing the Bankruptcy act to relieve the crushed energies of the coun- try, and a new charter for the bank, which vainly hoped for resuscitation. This great contest was one in which the political and material elements of the country combined, just as they are combining now, for the strug- gle. It was among the State banks of New York and New England that General Jackson found his strongest allies against Nick Biddle and his monster institution. The greatest field of operations of the United States Bank was in the South, and particularly in the cotton-grow- ing States. The Northern banks felt its power, and were avaricious of its profits; and, blind to the ruin that triumph would entail, they con- spired to crush it. The fall of the United States Bank carried down the whole fabric of credit in the South, causing a revulsion and a panic which speedily spread over the whole North. Similar causes are now in operation to pre- duce a similar result. A great party, based upon the idea that slavery is an evil anda crime, has been organized in the North with the declared purpose of making war upon the so- cial institution. The railroad men, the bank- ers, the merchants and all the industrial classes in New England and the growing Northwest have blindly allied themselves with the North- ern politicians and demagoz.:cs in this question. Nor are those of New York and the Central States entirely free from the same error. The institution of slavery lies at the foundation of society and all its material interests in the Southern States. For eelf- preservation the bankers and merchants there are compelled to ally themselves with the the Southern politicians, and already their fears are awakened and their action is beginning to be felt. Tha contest haing hatwoon a contrul- ling political sentiment in the North and the material interests of the South, the banks are compelled to strengthen themselves in every way. They foresee the necessity of holding on to their specie to meet probable contingencies, and they have begun to contract their loans, throwing out first on the list paper payable in the Nortb. In this movement the banks of Vir- ginia, North Carolina and Georgia have already acted, without concert, but to the same end in effect. It is impossible for the other Southern banks not to follow them, and as the political excitement increases the process of contraction must increase with it. This excitement will not be allayed by the election of Lincoln. The triumph of the black republican party will give it an immense and a sudden impulse, and the lightning will flash from every quar- ter of the Southern skies. Thus Seward, Lincoln and their blind and reckless followers are hurrying the South to a financial panic and revulsion exactly similar to that of 1837, but which will be far more blasting in its effects. Northern credit and Northern trade will find it impossible to stand against the coming storm, and all will go down before it. The South will be forced to make immense sacrifices for self- Preservation, and to seek new outlets for the products of its industry, and new means of sending them forward. The North, unwitting of the dangers that would attend a servile war, and of the fears which must dwell in every home surrounded by Southern slaves, knows nothing of the impulses which govern the South- ern mind, and is blindly consenting to the tri- umph of political theories, which, by warring with the material elements of Southern society, will produce a state of fear and ruin there that will inevitably react upon every interest here. Let our financial and industrial interests be warned in time, before the scenes of desolation that marked the culmination of a similar con- test in 1857 are repeated in ruio and dismay now. Tun Beacty or Ocr Nomrvatine Conven- tions. The mannerin which the nominations for the different city, county and State offices are conducted just now, would be very amusing if it was not disgraceful and disgusting. A sec- tion of the democracy, called the National Democratic Volunteers, had s convention the other night, which broke up in a row, smashing of windows and so forth. Another convention was beld at Tammany, and as soon as the nominations were made the lights were put out by the nominating individuals, and they all vanished for fear there would be any opposi- tion. The convention was adjourned to another night, but when the managers arrived at Tam- many they found the doors shut in their faces. In fact there is nothing but fighting and equabbling, window smashing, and bunging each other's eyes, all round among the democracy. There are about four candidates for every office, all claiming to belang to the same party. ‘The course they are pursuing is a fair specimen of the tricks and cheating of the politicians, and is completely disgusting the public. They ought to hold a convention at Sing Sing or the Penitentiary, and eee what the denizens of these establishments would do abort thehnominations, We fancy that they would make as good selao- Gone aa the grogshop politiciaas who attend to tLat business now. ‘The Panic at the South. The panic at the South continues to spreast 4nd to increase in proportion aa the betief ot the certainty of Lincoln's election gains ground, Political panic in the Southern States is producing ® commercial panic, as political panics at the South for three or four years be fore 1837 produced that disastrous convulsion which swept over the whole country like a de- structive whirlwind. The Southern baake ace beginning to be affected, and if the worst fears. of the South should be realized in the election of the black republican candidate for President of the Union, and the Soutbern leaders should’ proceed to carry out their threats in that con- tingency, how greatly with the commercial. panic become aggravated. In the South there: are some four hundred backs. If they should suspend specie payment, as it is probable they will under euch circumstances, universal baak- ruptcy and convulsion must inevitably follow, and they will come to us in aif their terrors, ae they did in 1837, Upon New York the blow would fall beavily. Already there is a premoritory symptom of the coming storm in that pelitical barometer, the stock market. It may be said that it is only fancy stocks which are affected, and that State stocks and real estate will not be deteriorated in value. But it ought to be recollected that. State stecks and real estate are the last to come down; but they, too, must yield in the end The banks will go first, and the signal for their fall will be the breaking down of the banks at the South, which hang by @ hair on the pro- bable political events near at hand. If the Southern bamks suspend payment, therefore. the operations of commerce will be arrested, pot only in the South, but at the North, which derives from the South the principal part of its trade. Instead of their present exchanges with the North, the Southern States would send their products directly from their own ports to a foreign market, and receive money or foreign goods in return, snd the ef- fect on the North would be worse than if Cali- fornia were to sink into the Pacific Ocean Upon the cotton, tobacco, sugar and rice of the Southern States the commmercial and manufac- turing interests of the North depend. Divert these staples from the Northern States, and widespread ruin must ensue. Our merchants and manufacturers would either become bank- rupt or sell off, and millions would be thrown out of employment, to starve or embark in crime. Many of them would soon turn their at- tention to the goods and chattela of their wealthier neighbors, having been long taught by the leading republican journals the doctrine of the communists, that “all property is rob- bery.” Such is the commercial, manufacturing aad monetary convulsion which threatens the coun- try from political causes, and such the anarchy and pauperism, and mob rule and plunder of all who have anything to lose, that may be ex- pected to follow in the train of financial disas. ter, to say nothing of other calamities, at the Gps contemplation of which humanity shud- Tur Orrna Unpsr War AGam—A Revour OF THE Srctions.—-The habitués of the Academy were not a little astonisbed to find, on Wednes- day, when a new Opera season was commenced, avery large audience. During the last two months fhe Opera has been managed, or rather miemanaged, in a most fearful and wonderful way. The season commenced pleasantly enough. The generous public waa informed that those eminent diplomats, Messrs. Ullman and Strakossh, had succeeded in combining all the resident operatic talent in one grand troupe, which was, like another Alexander, to conquer the world. The sceptre was in the hands of Strakosch, who, it soon appeared, was only a bogus prince, like the representative of Afri: can or Sandwich Islands royalty, and did not represent a Power like Albert Edward or the Japanese Princes. Before Strakosch had beea a week on the throne the Cortesi section of his ministry was in open rebellion. The leaders on this side attempted to establish themselves at Boston; but the modern Athenians, being conservative in oll things except those pertain- ing to the almighty nigger, looked coldly on the new movement, and the artista fled to Matanzas “between two days.” In New York the public began to lose con- fidence. They put no more trust in the Opera managers than in the brokers or the politicians, and the Opera House was almost deserted. Just then the Prince of Wales appeared on the hori- zon, and the operatic ekies brightened. The whole concern engaged in a grand performance at Philadelphia, and after that tremendoua effort collapsed. The fascinating Colson, the silver- voiced Brignoll, the impressive Ferri and the ponderous Susini marshalled themselves under the baton of Muzio, a sort of Garibaldi of the coulisses. Strakoech took his sole remaining prima donhs, little Patti, “faithful among the taithless,”’ and started upon a filibustering tour in the South. The little corporal of the Acade- my found his Moscow io Philadelphia, and ea- deavored in vain to rally his scattered forces. The indomitable Maretzek define? his positioa by declaring that he had no connection with either of the sections, having what the politi- clans would call a big thing of bis own on hand. The revolt of the sections was therefore com- plete, The fair fabric reared by the poetic Strakoech, and touched with the roseate huee of his charming rhetoric, was Gestroyed in a moment. The operatic union was dissolved. The secession of Muzio and bis confrerea blew up the whole concern, Thus it will be seen that cotton isnot the only agent of dissension, snd that negroes are not the only causes of disunion. Music, whick ought to produce union and harmony in large quantities, serves to have quite the contrary effect. And if the general disposition to kick up a row which seems to prevail about these imes extends to the votaries of Apollo, what can we expect from the politicians, who are so far removed from gentle influences as to send pugilists to nominating conventions, where they hold clubs over the head of the presiding offi- cert Distinctly, nothing but dissension, to be followed by the dissolution of the Union. The emoeh-up among the Opera folk is a sort of harbinger to the great political whirlwind which is soon to sweep over the country. The country may, and probably will, worry through ita difficulties; bat what will become of the operatic rebels is not easily ascertained. Just now we have a Germaa- Italian company at the Academy, uncer the auspices of Carl Formes, who haa made s good