Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-05-11

The True state OF Parties.

The two great political parties of the Union are at
present nearly balanced in power and influence; and
there can be no doubt that if presidential election
was now going on, the administration would run
narrow chance defeated, in the success of their
candidate The cause that has brought about this
action, and which at present more than favors the
wing side Of the question, the recommendation of
Mr.. Van Burens Sub Treasury Bill, which is now
before the lower house of Congress. The excitement
upon this question has been the increase for seve-
raj months. The Wings opposing its passage with
an untrRg and resoute determination Locofo-
cos equally resslute sustaining it, have brought
two parties fairly into the field Of action drawing with
them the feelings and interests Of thirteen millions Of
Americans. 1t is not to be supposed that war Of
this nature can be passed over without producing
changes and revolutions in the minds Of many, espe-
cially when argued with such severity and unfarness
by both of the factions. We shall net go here into
an examination Of the merits dement's of this nea
sure, but propose leaving il wholly into the hands of
the people for decision and settlement, while we go
on giving the true state Of the parties and shelving
the materials with which both are composed, and the
likely issue OF the next Presidential election. The
wings are bad soldiers and their leaders worse,
tacticians. Without unity or concert of action they
propose 10 enter the strong and well disciplined gari.
Storm The ub-treasury is made their engine Of pow
land far more durable would it be properly and eau
ousy applied But this the case, and the people
now for the first time begin to see it. In 1884 parties
were undergoing changes-as much excitement fnot
more was brought TO bear, and the cause not wholly
dissimar that provoked il, to the now agtating
the community. The same token Of success to the
whig party exhibited itself-the same confidence Of
rhoroo Slate after
disappeared and was lost to the administration, and
the cry as now was heard from enc end Of the onion
10 the other that Van Barren could not be elected 10
the Presidency This state ofcxcement lasted bu,for
few months when the public mind settled down in
TO quiet and repose leaving the wing party still IN the
minority by eectine to the Presidency the man whe
a few months before, appeared out Of the question:
Had the panic been prolonged, and the suierlngs Of
the people not allie waited, the party in power must
have fallen-but nj the moment when an excitement
was required TO aid the parry, il was nowhere TO be
found-ke the baseess fabric Of vision, Il had gone
but unlike vision, it had left numberless wrecks
behind. The panic Of 49, both pecunary and politi-
cal we can plainly sec will end with the same result
TO the administration as that of "a. The admins
traon has the experience Of years to guide them in
their actions with well informed and vgilant leaders
scouts securing the counuy-an organization such
has never before existed ;-early in action, with
thousand other requisites for the attainment Of power
they look forward to the coming presidential cleo
ton with positive certainty Of success. Here the
decided advantage possessed by the locofocos over
their opponents. How stands the question on the
other side7 No less number than three will enter
for the presidential Prize-Clsy, Webster and Harri
son, thus giving the administrator clear fcd for the
election of the Undertook magician, which can be
prevented only BY fxed resolve to run alone Of
the three Of those distinguished individuals whose
names we have set down. We shall continue our
views on the state Of parties.