Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-05-10
MORNING HRRALO.
THURSDAY. NAY 10, Ises.



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 not defeated, in the Of their
candidate The cause that has brought about this
action and which at present more than favors the
whg side of the question, was the recommendation of
Mr. Van Buren's Sub Treasury Bill, which is now
before the lower house of Congress. The excitement
upon this question has been the increase for
raj months The Wings opposing its passage with
an untiriHg and resolute determination Locofo-
cos equally ressute sustaining it, have brought
two parties fairly iAto the field of action drawing with
them the feelings and interests of thirteen millions of
Americans. II is not to be supposed that war of
this nature can be passed ovsr without producing
changes and revolutions in the minds OF many, espe-
cally when argued with such severity and unfalrness
by both of the factions. We shall net go here into
examination of the merits dement's of this mea-
sure, but propose leaving it wholly into the hands Of
the people for decision aRd settlement, while we 60
on giving the true state of the parties, and showing
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,
tacticans- Without unity or concert OF action they
propose to enter the strong and well disciplined sarr
son of the administration and thus carry the day by
The sub treasury is made their engine pow
Grand far durable would il be properly and eau
ously applied But this not the case and the people
for the first time begin to see it. In 1884 parties
undergoing changes-as much excitement, if not
was brought to bear, and the cause not wholly
dissmilar that provoked it, to the one agitang
the community. The same token OF success to the
wing party exhibited tself-the same confidence of
ofto
disappeared and was lost TO the administration, and
the cry, now, heard from enc end of the Union
10 the other, that Van Buren, could be elected
the Presidency. This oexcitement lasted butfor
few months, when the public mind settled down in
TO quiet and repose leaving the wing party still in the
minority by electing the Presidency the who,
few months before, appeared out of the question:
Had the panic been prolonged, and the sufferngs of
the people not alleviaed the party in power must
have fallen-but at the moment when an excitement
was required to aid the party, it was nowhere 10 be
found-ke the baseless fabric of vision il had gone
but unlike vision, it had left numberless wrecks
behind. The panic Of 49, both pecuniary and polit-
cal, we plainly will end with the same result
TO the administration as that of "a. The admins
traton has the experience of years TO guide them in
their actions with well informed and vigiant leaders
scouts securing the countfy-an organization such
as has before existed ;-early in action with
thousand other requisites for the attainment of power
they look forward 10 the coming presidential elec
ton with positive certainty Of success Here is the
decided advantage possessed by the ocofocos over
their opponents. How stands the question on the
other sde1 No less number than three will enter
for the presidential Prze-Clay, Webster and Harri-
son, thus giving the administrator clear field for the
election of the Undertook magician, which can be
al ~ L. cxol IL
the three of those distinguished individuals whose
names have down. We shall continue our
views on the state Of parties.
r That beautiful boat the c. Vanderbilt came
dewn from Albany in ten hours yesterday. Captain
Ketchum is of the best behaved captains amongst
the most gentsmany set of fellows the world ever
saw. He has sent us Albany papers Of yesterday
morning, by which we learn two important facts,
vz-the wings have carried every ward in the char.
election at Troy, and martial law has ceased in
Canada. The smallest favors thankfully received,
and larger ones in proportion.
pThe packet ship Wellington, last from London,
brought abont $780, 900 in specie
II The query in every ones mouth is, what
thew dong in Congress, at Washington What in
deed They are doing nothing Tor, rather, worse
than nohlng for they are transactng no business
to benefit the people, and yet are spending the peo
pies Money.
DB Business Of all kinds is reviving-rnoney is
plenty-grumbling is scarce-new stores are opening
in every direction. Charles Ii. Deavan will open
nch in day or so; will James and Henry Lang
ley in Chatham street Success to both stores-both
will bsunique in their way.
II The following is for signature at the Mer-
chants and Mechanics Exchange -
The undersigned respectfully request his honor the
Mayor, TO call public meeting Of citizens to adopt
measures for the relief of the sufferers by the late FIRE
in Charleston, s. G.
U The new ship CASTOR, burthea FIVE hundred
tons, will be launched this morning at half past 9
o'clock, from the yard OF Messrs. Smith, Demon &
Comstock, foot Of Fourth street. The CASTOR has
all her masts in and Yards across eyen her atandina