The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-11-09

Under the general belief that Mr.. Polk was
elected President Of the United States-a result
which IL now admitted on all hands-we expressed
an opinion OF some of the results growing out oil
TINS election In reference to certain public mea-
sures-such as the tanfi-United States Bank-abo-
ACKNOWLEDGEMENTS permanence OF the Union
ana one or two other minor matters. But these
were not all the reflections which occurred to US
on the termination OF this extraordinary contest.
Involved In this contest, and mixed ap with the
fate OF Mr.. Clay, was measure of great impor-
lance TO various interests, both in this country and
in Europe-we allude to the distribution of the sur
plus revenue, or public land fund, in the several
States OF the Union, thereby furnishing them with
some means to pay the interest on their debts, and
retrieve the character which has been lost during
the last few years by partial bankruptcy. The
defeat Of Mr. Clay settles that question in the ne
gative- finally, we believe, and forever. And we
are not sure but, after all, this result is the
most fortunate for the delinquent States-for the
character Of the country and for the prospects OF
the stockholders, both here and in Europe. These
repudiating States who have dsgraced themselves
by their local action during the last few years,
most now depend solely on themselves--on their
own principles Of industry, integrity, and economy,
in order 10 redeem their character They can now
have hope of ihrustDg their hand into the pub
lie purse, in order to find the IS paving their
debts. They must now exert their own energies In
order 10 save themselves, and hence we are justi-
fed in believing that it will be better for themselves
and for their creditors.
The amount OF the debt due by these delinquent
States is about one hundred millions of dollars
Maryland and Pennsylvania are the largest debtors
in this catalogue of reputation. 1t is evident now,
that they and all the others who have broken their
faith before the whole world and disgraced the
national character, must now at once fall back
upon their own State industry-ther own State
prosperity their own State habiis-and their own
State wealthn order to atone for the past and re-
trieve their character. Several of these States
have ample materials within themselves to redeem
their credit, provided they 60 to work like honest
men, and cndeavor to husband their resources,
and make the most OF the elements Of wealth
which they possess. Where, for instance, can we
find weather. State than Pennsy with all her
vast mineral resources and mighty aggregate Of State
wealth. han Mississippi, and her cotton products
than Indiana, Illinois, and their agricultural riches
What is to prevent these States from at once put
ting their shoulder to the wheel, and endeavoriDg
to do something in the way of honesty and integi-
| ty in the payment Of their debts?
II is very evident that something must now be
done by these States. There is every reason TO
believe that moral feeling will now be awakened
amongst all honest men throughout the Union,
which will operate in the Legislatures Of the de-
linquent States so pc Weriully and promptly as to
lead 10 the Immediate adoption Of an honest and
upright course. Let us wait and see.
S.r. w. 7
According to the best accounts Silas Wright will
be elected by majority exceeding by several thou
sands that Of Mr.. Polk, and probably The same ma
ority will determine the Legislature. The first
question which naturally arises in the mind Of dis
tant enquirers is, how has this discrepancy been
produced? We think we can explain the matter.
| II the State of New York had been very closely
run, SIas Wright might have gained his election,
whilst Mr. Polk might have lost his This singular
state Of things has been produced by two causes
| First, the disappointment and chagrin Of Van
Buren, and his friends because he was thrown over
board al the Baltimore Convention, and, secondly
a large portion Of the moned men and capitalists OF
this city and throughout the State, voted the demo-
cratic ticket under the impression that Mr.. Fillmore
would. in of his election have fallen into the
hands Of the same ctiques that led the late Cover.
nor, Mr. Seward, into all sorts of extravaganza and
folly. But the chief reason was the secret hatred
Of the Van Buren, clique TO Mr.. Polk. 1t is true
that just before the election Mr.. Van Buren, came
out with letter calling on all his friends to vote
for Polk, and disclaiming any feeling Of il-wll-
But that was all formality. Under a gentemanly,
quiet, and urbane exterior, no man has more sell
tishness, ambition and revenge, than this same Mr..
Van Buren, He never will forgive the tossing he
got at Baltimore. Indeed, we believe that arrange
ments are already in progress to organize the Van
Buren, ciques and clubs for the purpose of bringing
forward Sas Wright in l848. If such be the case,
we doubt whether Silas Wright would accept any
post of honor at Washington, choosing rather to
remain Governor of this State, and from thence to
Jump into the Presidency in lS4s.
GRAND CELEBRATION NEXT TUESDAY per-
ceiye that the "Natves' have issued flaming
announcement OF great mass celebration and pro-
cessiou, and we don't know what else, TO take
place next Tuesday. We don't think they have
| much to brag about. Their whole majority on
| their Assembly ticket was only about one thousand
And that they had any majority at all was owing
entirely to the simple creduity of the poor wings,
rather than their own forces. II they do not con-
duct themselves in the corporation with little
| more fidelity to their duty than they have hereto
| fore exhibited, they will find themselves in sad
minority next spring. They will not then be placed
in central position between two parties, who will
FIND it their interest to conciate third party
When they come up before the people they will
find that they will have to stand or fall on their
own merits. They ought not to hollow before
| they are quite out of the woods.
BETTING AT ELECTIONS amount of betting
at the recent election has been enormous, and it is
really painful to reflect, that great many persons
have involved their entire iortune and property in
hese gambling transactions. The wings have suf-
fered "wofully," as Horace Greeley pathetically
| expresses it. Many Of them had pledged every
thing they possessed, in order to bet on Mr.. CLAY,