The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-08


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Presidential Election-Recent Wing Move
msnts In the State OF New-York-Devsl-
opement OF new Principles.
l. is now pretty generally conceded that the cleo
ton for the next Presidency will be one Of the
most fercely contested which has ever taken place
in this country. 1t is also admitted every hand,
that the decision of the question between Polk and
Clay will be determined by the States Of New
York, Pennsylvania and Ohio--but most pariicu-
larly by New York and Pennsylvania. In the South
and Southwest, Mr. Polk, in consequence of his
being the representative Of Southern and West.
ern principles, will undoubtedly have the
advantage over Mr.. Clay; but in the
East, and in certain portions OF the North
west, Mr. Clay will have the advantage, he
being the representative Of the opposite principles.
The great debateabe ground, therefore, remains in
the ) a,es OF New York. Pennsylvania, and, per-
chance, Ohio, but more particularly In the State
of New York. II therefore becomes u very impor-
tantm atter 10 watch every movement in relation to
the Presidency in this State, to record the develop
ments Of public opinion, and to mark every step
that may be taken by both parties.
In this view of the contest we look upon the re-
cent convention of ''Clay Clubs" al Utica, to be
the first distinct combined movement the part
of the wings in this State, and in looking over the
proceedings of this convention, in their organs, We
find some remarkable Developments, both of
theory and action, which cast considerable light
on the subject.
An address has just been emitted by this Con-
vention, prepared by Horace Greeley, and purpor
ing to give account of the principles and mea-
sures supported by the whigs and also plan sub
mtted by Mr.. Joshua N. Reynolds lineal des-
cendant for aught we know of the immortal Sir
Joshua, the painter to which it is
commended that the operations Of the wings
throughout the State should be conducted in order
to that result of success which they antcl-
pate Setting aside great deal OF Leather and
prunella" in these measures and movements, we
make the following extracts from their address and
plan Of organlZatlon:-
STATEMENT or CREED In regard to the currency,
do say what precise measure be necessary to
the people OF this Union the advantages OF
rency which shall be OF uniform value in all parts OF the
Unon and readily transmssibe from any one to another
do not say what agency against the
dangers OF ovessues OF which now appear to
threaten in defiance Of our recent and terrible ex
perence We do not prescribe to Congress the means it
shall employ to attain the great ends OF national bench
The fundamentally employed every avenue to corruP
ton and perveron will be Carefully guarded and every
objection which experience may have indicated or req
sonaoe hostility suggest will be fairly obviated and
graf improvements made on any agency OF former
times But that paper currency is to be tolerated at
all IL should be practically currency for the Union
and not twentysix varying, huctuating inconvertibe
currences governed in volume and character by local in
terests and local caprces that sh Ill be controlled
watched and guarded by Congress and that the Pre-
sden shall aid by suggestions and cooperate with the
action Of Congress in creating and securing such cur
thwart, embarrass and defeat such action
hold to be the dictate of sound principle OF enlightened
policy, and of patriotic duty
PL.S vos A STATE ORoasIzArIoS.-R Resolved, That
Central Clay Committee, to consist OF three members to
be ated at central point in each county, be ap
pointed by this Convention whose shall be
charge OF the business OF AIMING such county That
he recommended such Committee to take promp, and
eicien, measures for establishing Clay CLUBS each
town and election district oil their respective counties
That shall be the duty OF the Clubs so formed
immediate steps for horou ghy organizing each election
school district within their respective Jurisdictions b,
full and accurate lists of the voters in each
dsr ict, enumeratne those who are Wings those W no
Loco Facos ami those who are doubtful in separa
columns and that they shall copies OF such lists
TO the Central Committees of their respective counties
That the lists made out shall be agested by the Central
Committees in each county, and the results transmitted
wtlou, dely a State Central Clay Committee located
Albany, and to be composed Of the following persons
Willis HALL, RuTrs KING.
GEORGE w. WEED, THOMAS McELRor,
SAMUEL ~ PAW,
and the officers Of the Central Clay Committee Of the city
OF New York. That he the duty OF the several County
Committees and Town Clay Clubs proposed to be formed
to take all practicable to carry out and perfect
ments call public meetings procure competent speakers
and adopt all the means to arouse public
the approaching election That relying the power Of
truth and air argument, we hereby recommend to the
Wings Of this State to assemble often practicable
meetings for the consideration and discussion o the
principles and measures now presented for the verdict OF
the American people; and that we hereby cordially
tender opponents invitation to assemble with ut
on all such occasions,
Now with respect to the view on the currency
system, we conceive it 10 be very distinct and
clear development of a new idea, which has been
recently started by Mr. Webster at Trenton, and
doubtedly intended to take the place of the " obso
lee idea" repudiated by the distingui he'd gen
tleman in some OF his speeches two years ago, III
relation TO the currency of this country. Whether
Mr.. Webster's old ideas about Bank Of the
United States be still retained by him, we do not
know, but very evident that in the existing
test Mr.. Websers ideas are going 10 be adopted by
the young wings, and all those hard working men
IN the wing party on whose eectloneering efforts will
depend the success Of Mr.. Clay. This being the
case, the views put forth by the "Clay Club Con
ventlon" at Utica, are quite novel in relation TO
the currency, and present In very tangible form
the important postulate, on the leading issue,
whether In the arrangement of their new currency
system that Is going TO be created and adopted by
the next Congress, if Mr.. Clay should be elected,
il will not be asslmllaed in great degree to the
plan recently developed in England by Sir Robert
Peel The curious allusion in the address to what
It terms "twenty-sx varying, fuctuaing, incon.
vertibe currencies," is evidently directed against
the State bank system, against which the young
wings, it would thus appear, have commenced the
war in earnest and at once. The meaning Of this
s that they propose in process Of time, to introduce
new system of currency in this country which
will involve the total abolition and destruction OF the
"twenty six varying, uctuating incenvertible cur
rencies, governed in volume and character by local
interests and local caprices."
This is precisely the system which Sir Robert
Peel has taken, aid we are extremely glad to see
the wings occupy such ground. We are glad TO
see them thus early in the campaign come out
clearly, distinctly, without any mental reservation
whatsoever, AGAINST the present State banking sYs-