The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-11-07
NEW YORK HERALD.
New York, Tuesday, November 2, ls43'



OConnelrs Gross Attack on the United
states.
The news which we give to-day, received by the
steamer at Bos on, is OF the very highest and most
exciting Importance. The particulars will be found
| at length elsewhere.
The arrest of O'Connel and his coadjutors, and
the tame manner in which, he has received it, may
be said to have terminated the Repeal agitation.
No doubt Mr.. O'Connell is glad Of such an arrest
as the government is-and many surnise that it is
a concerted movement to humbug the people of Ire
land. He aud his associates have in their hands
nearly $500, OOO collected from both hemispheres
by means of this agatlon-so that will console them
Tor the closing of the drama, and the stopping OF
the supplies.
But while O'Conne's agitation in Ireland has thus
suddenly closed, he has commenced new game
he has issued violent denunciatiOn against the
institutions Of the Southern States, which looks
like the beginning of an agitation TO divide this
Union. He has at last converted the Repeal Asso-
citation in Dublin into violent analical Abolition
club, and the first leading points OF their procla-
nation are given ip this days paper, signed by his
own name. He says, moreover, that his Holiness
the Pope has joined the crusade against the United
States. thuspresenting the singular combination OF
the irish Repeal Association, Daniel OConneil,
the Pope Of Rome, and Lewis Tappan Il Co., all
united in an excitement against slavery that may
lead to disunion in this land.
What now do the repeal associations of the Uni
ted States, south and west, think of this last daring
and in.olent movement of O'Connell? What do the
Catholic clergy think of their Holy Father?
The Election.
The election which takes place to-day, is one Of
and
which must flow from it, both for this year and the
next, when the presidential question shall be de-
termined. Indeed, this election may be properly
regarded as the commencement OF the great strug.
gle which is to terminate in the victory Of one or
other of the two great parties in 1874, and which
will exercise most important influence on all The
material interests of the country for many years TO
come. In these remarks, we have of course re-
ference to the struggle between the wings and the
democrats-,he other three parties being merely
factions fragments, whose existence is owing TO
the superabundance of liberty which We enjoy, and
the exuberance of free spirits in the community.
These ofshoots seldom live longer than twelve
month, dying of TO make room for Others whose
vitality is of equally brief endurance.
We now perceive that after period of many
years, in which Doth parties nave endeavored with
toierable to concea, their views, principles
and objects from the country and each other, they
come into the field at last, unds,;uised-
their creeds and objects openly, fairly and ABOVE
board. Zach party frankly declares the pur.
poses and measures which i. means to pursue and
adopt, provided il be successful. What then are
the principles involved in the contest, which now
commences and will continue till the fall elections of
1914 decldeit They are, first, the CONSTITUTE onaty
and expediency Of National Bank Second,
high protective tariff, with the view of giving an
exclusive advantage to all American manufactures
at the expense OF foreign powers and importers
Third, distribution OF the land revenues to the
several States, in order to furnish them with the
means Of completing works of internal improve
ment, and recovering their lost credit by the pay
rnent of the State debts. These are the prncir al
questions involved in the present contest, so far
national policy 10 concerned. In this particular
State, there are some questions Of local interest
The chief Of them relate to State expenditure and
| increase Of the State tax. But these questions,
however they may effect individuals and small sec
lions Of the community do not interest the country
at large.
These are, we believe, the prominent issues now
made by this contest, A variety of collateral and
ridiculous matter will be pressed forward by all par
ties, and many Invidious charges be preferred
against one and all of the various candidates. But
it will be well for all rational and intelligent men to
keep their minds fixed intently on the great impor-
tant principles invo we'd in the contest, dsregardug
all the Fictitious matter which partiz anship may in
troduce. 1t will be that the whg party, under
the banner Of Clay and Webster, who are now per-
fecy united in all Their views and purposes, are de.
cidedly in favor of the creation of new national
bank, of the present tariff any high protective ia
riff, and to a distribution Of the land revenues
There is no necessity for our entering on any de
scription of the propriety and expedency of these
measures. We believe that the greater part of the
country have made up their mi'aus on the subje ct,
and that all that Is wanted now is fair and full ex-
hibition Of the popular will an feeling, by all vo-
ting at the polls for that party which represents their
views and principles. II The wing party succeed,
very powerful, and perhs ps a partially suc-
cessful attempt will be made to revive the
credit and speculation which SO distinguished
this country during the period between the
years 1880 and 1886 Prices and paper money
| will then Misrepresentation be again INDUCED in
| all to be succeeded BY another era of revulsion-
On the other hand, ifkhe democratic party prevail
In the coming election, we shall be limited to a
strictly specie currer,cy the banks will gradually
60 out OF existence, or collapse into very harmless
establlshmsnis-tra de will gradually recover ITSELF
make Its own laws regulate its own concerns, indie
pendent OF leglslaf i've enactment-and the country
slowly but surely attain general prosperity Per
haps underline de mocra,ic system The country would
not increase 30 rapidly as under the wing rule but
1t will be mere certain and stable prosperity
Indeed 1t is perhaps safe to say, that no matter
which system, be adopted, the country will BE- a
hundred years hence equally prosperous, great
and powerful. IT'S resources are unbounde d.
Its population rapidly increasng--it is not easy to
assign any limits to It's coming greatness. But
some definite, settled, uniform line of national
polcy-be 1t wing or locofoco- sh ,uld be imme.