The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-09-12
NEW YORK HERALD.
New york, Tuesday, september Is, Is4a.
Presidential Observation-Disclosures OF
Strength Tricks or Politicians.

of the chief magistrate. Perhaps there never wa
time in the history Of the country when the line
demsrcahon between the two parties was less clear
ly defined than now Formerly a National Bank, q
high tariff, with some minor questions based mostly
upon commercial influences, were the landmarks
by which the parties were separated. The party
now in power embraced the principles advocated in
those easures. The opposite party opposed them
Now, both protective tariff and paper bank were
fctions Of legislation. They were and always
have been, experiments which have always Jailed
in their applications. The party which advocates
them has always met with disaster The natural
state of republican people is essentially free trade,
both in commerce and money. Neither high Ia
riff law for the benefit of class OF manufacturers,
or banking monopoly, ia either compatible with
its insiituiIons or permanent in its nature. Hence
whatever party reposes its fortunes in the event OF
these measures meets with temporary success, but
ultimate defeat The history of the last three Pre-
sdentisl elections has been the record Of the inu-
ence OF those measures upon the people. After tie
election OF Cen. Jackson in 1873, the late National
Bank became alarmed for its charter, and in order
TO create en- interest for Itself, powerfully expanded
IFS issues The effect of that expansion was TO cause
prices and all property to rise, and when the second
election took place in 1892 prices of all agr-
cultural produce were exceedingly high. The
Bank, lis advocates, and the politicians were
loud in prophecies about the ruin the admins
tration was bring ng upon the country Opposed TO
all that defamation and preaching was the practi-
cal fact that prices were higher than ever. The
snIt was, the return OF Jackson, almost by accama.
tlon and the utter rout of his opponent, Clay. The
bank party did not grow wise by experience, but
continued their expansion, thereby playing into the
hands OF the government, which assisted the move
ment by the removal of the depostes and the pet
bank system, with injunctions to "loan freely to
the merchants" The effect of this was still high
er prices, which reached their zenith IN 1885, and
returned Mr.. Van Buren, triumphanly In the sue
ceedlng wear the overstrained bubble burst and
prices fell back, until in 1870 they had reached their
lowest points. Distress was universal, and the cry
OF CHANGE" change,"a national bank and high
tariff, backed by low prices, produced its effect and
elected Gen Harrison in that year to the Presi dem
cy. The initiation OF banking elected Van Buren,
the contraction defeated him. Since then events
have traRspired which defeated new national
bank, exposed the corruption OF the old one, and
utterly deprived the party of the means OF sustain
ing their pretension by an artificial paper initiation
Without that imitation the onerous nature of the ia
riff is nsuprortabe. Those fctious party dis
factions reduced to squabble about men. The
Courier and Enquirer has motto, " Principles, not
Men," and in its columns it says, "aprint which
supports any other candidate than Henry Clay for
the Presidency is not whig;" which announcement
would evince the fact that the wing party has no
principles but Henry Clay-that is, "Men, not Prin-
slpes" The same print gives up the idea Of pro-
lection altogether, infacta advocates the
20 per cent duty only.
The great landmarks between the two partie.
are thus swept away by the course Of events,
and new election is about TO be entered upon,
under circumstances different from any since the
formation Of the government Here is no national
nor expanded banking system to operate in favor of
either party. The government patronage, by
combination of circumstances, is taken out of the
hands of both parties, and remains under the con-
troll OF one, who al best has no other prospect than
to make it the means of bargaining Tor the minis
try to England, or some other court from the src-
cessiu Notwithstanding his present influence for
future place. The two parties have then a fair fight
before them. The wing party have pitched upon
the oft defeated champion of national bank,
which is Obsolete" and under his, as yet mottoess
banner, TO contend with the successful nominee of
the democratic convention. That nomination is
latter defeated candidate, and one who, although
on many occasions successful, always ran behind
his ticket. That Is to say never could command
the whole strength of his party. MIR. Calhoun, un-
doubtedly one Of the fret ntellec,s OF the country,
is tainted in popular estimation with +" nullifca-
tion;" the principles of which. however democratic
IN themselves, are little understood by the people
generally, as TO be harmful to their advocates One
of mill h. tb rs NJ
Clay. The field of contest is one OF improving
business, and general rise in pnces. These fea-
lures will be more marked as time progresses; and
next year when the elections come off, the pros
perity OF the country will have greatly advanced on
cash basis; all classes will be prosperous and do
ing safe business, with exchanges and currency
perfectly equazed without d national bank In
such field the chances clearly on the side of
those who advocate pemanency of the present
state OF things. Those who contend for experiment
and innovation will not be sustained When affairs
prosperous, the cry of ''change" has no charms
for the people. A fortuty of circumstances pre-.
vented the victorious party in $780, from enacting
anything which would throw the responsibility of
"change" upon their opponents. The energy and
industry OF the people, will have restored prosperity
on a basis. which still makes il the policy of the
democratic party to contend for permanency in
affairs, and forces their opponents into the dam
gerous policy Of experiment, when affairs are pros
porous. These appear to be the leading features,
which will mark the exciting contest, within the
whirl OF which We are now entering
The STYLE OF THE COURIER AND ENQUIRER
This big, overgrown sixpenny, whose claim. to re-
spectablity of the 'Aash" order, and Whose lit
ersry excellence, which it nightly affects, is on
par with the Poyanthus, says yesterday morning,
in notice OF forthcoming publications.
" The voyage across the Atlantic, including the
appropriate gales, Gains, qualms and 'gulf wind"
is perfectly Ddgueryeotypicdi We don't believe
any body else eUr done one up so 1ceH."