Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-01-24

National Bank-the centre in New York, and the
branches every where-and, until this be done, we
need never expect any permanent alteration in trade
currency, or exchanges. Every thing is tending to
this end.
We are in the midst Of great contest between
ideal democracy and practical democracy. The shall
low politicians on either side cry out democracy
and federalism"-' whig and tory" No such thing.
Both the parties are democrats or republicans-but
the administration de want to go back to the
theories OF past times, while the opposition demo
Gratis want to forward in all kinds of physical
and national Improvements, with banks, railroads,
sc. SC. This is the whole difference between the
two parties. Mr. Wan Buren, reached power with
the aid Of banks and the credit system-he will be
overw helmed by the very element that gave him the
first impuse-that is, if it understands its position
and comes ont in its strength.
The very leading measures now before Congress,
the sub treasury, the tariff the public lands, &C. &c.
are only various notifications of the great que
| of currency and banking, which form the crisis Of
the age
Today Mr.. Clay made speech on the sub-treasury,
and touched all these points with sone effect-but
Clay wants the philosophy the deep
social principles involved in the present crisis. l
conceive that to arres-it cannot be destroy ed-but
to arrest the movement OF the banking system,
rightly understood, would be TO the progress
of civilization and refinement. We Cannot expect
that this movement is to be perfectly free from
rogueres deialcations, exp osions, but
ought to bs onward tllit be improved and perfected.
matter, if there is every third fourth seventh
year, an explosion suspension These are as ma
tural 10 the banking system thunder storms in
interchangeable purify the atmosphere in both
cases Neither is it to be deeply amented, that in
these explosions whole of chants, traders,
and brokers break. 1t is the fate Of The killed
and wounded must be decently taken care of, but
the grand army fenterprse must go ahead, TO meet
either Waterloo or Moscow-who cares whichl
By this original series Of movements the country
is improved-rail roads constructed-blocks of
houses are built-palaces erected-and the whole
land filled with wealth, riches, glory, and grandeur
During this process wages rise-produce advances
elegance increases-refnement spreads around-and
many a man, who begun the world with dollar,
comes in turn TO be worth million.
This i, the spirit of the age-.he democracy of the
present era and Martin Van Buren,, Mr.. Benton, Mr..
Buchanan, Mr.. Calhoun, with ten thousand theories
cannot changeit We are therefore on the edge Of a
great period Of human life and the political st
of the present year will settle the destiny of this
Country iOT tue heAl uait
| don't think much Of any of the great of Con-
gress, and the nearer view them the smaller they
seem.
| The fashionable world is very quiet. Few no
parties have yet been given. Mrs Gales is in mourn.
| ing, and gives none of her delightful soirees. Sc
lives with her beautiful daughter, at oot,age orn6'
three miles from the Capitol. Mrs. Woodbury. is
also in mourning, and gives parties. Probably no
great movement in fashionable life will take place
till next month There are few young fellows here,
and several Of the young ladies have been nsuirng
IL any of our New York eNquisites will be here this
season. i have no doubt that they will be the
ground they learn that there are winterng
! in Washington, at this moment, seven or ten young
ladies', from die rent parts Of the country, who are
| all very beautiful, very accomplished, and withal
large fortunes. Each of them is valued at $50 900
TO $50 0c0 piece-some in stocks at presen, vaua-
LONESOME in real estate at the prices Of lS37-some
in cotton plantations-soDe in iron mines in Tennes.
see, and some in salt miaes in Virginia or this there
is mistake, nor any joke l could name them, but
won't One or two are from the South, one from
the West, one or tive from Phiade pha and three
from New York, and New England. l saw one even
ing, lovely girl from Maine, with her rich cluster
ing rinslets falling around her checks, positively
enchanting Then there are the elegant Young
ladies who reside in Washington. or them shall
speak on another occasion. In the mean time
the principal topics Of conversation are NJ de Do
diseos marriage and his beautiful betrothed She is
quite young, about seventeen, but is tall and well
developed, presenting the line aments Of splendid
woman. The dashng diplomatic was first struck
with her at Of his 1Nn balls of last year-a bal
| which he gave 10 the children. He expects his EN-
peror permission aud the bridal robe by the British
Queen. He is a most devoted lever. The othei
evening he accompanied her to the theatre and she
received his devotions wi h all the ease and non
chalance of high life, although she has never vel
been in society here. Mr.. Fox, the British Minis
ter is TO be his groomsman, which makes the youn,
ladies exclsim here "Oh! death and the fair lady
About the middle Of next month this bridal vii
come OF and on-at which time a general round OF
feiss and soht,s will be given by the diplomatic
body.
I shall be home in a day or two-but have Ief,
Ariel,
My tricky ri It..
at his post, TO take Of the young ladies' during
my absence lie promises to be very faithful and IA
be very good -natsred He will give full account
Of Bsirs great soirfs, which is given in order IA
elect printer. IL may tie fruitful Of other curious
events, besides electiug aprnter. Who knows
| j. G.. u.
| Correspondence Of the Hersldl
| WAsuINsToS CRY, Jan. 81 $50
Mr.. IIdddy Thompson's RESOLUTIONS No go-yI,