The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-05-14
NEW YORK HERALD.
New York, "Wednesday, May Is, Is44.
News for Europe.

news Tor Europe
Tomorrow the H,bsrnla leaves Boston for Lii
vespool. This afternoon at hah past four O'Clock
Der letter-baD close in this city.
To benefit every one, we shall make up oui
ISvening Edition with the most interesting news
for Europe We shall give the latest political,
6naacial, theatrical. commercial and fashionable
Intelligence from all parts OF this great continent
These papers, in and out of wrappers, will be
ready at our office at three O'Clock. Price two
senGs per copy.
xAe Presidential Crisis-Stase o. Affairs IN
Consress and throughout the Country.
We are in a very interesting condition In this
veuutrv. in relation 10 the next Presidency-the
exisstion Of the present Congress-and the
tsuk Of the agitation OF the various men, measures
yr,nciples: and parties now in progress, both In
Washipeton and throughout the Union. 1t would
rpoear from all accounts reaching Us from Wash
,aton, that most extraordinary state of confusion
exists there amongst the elements of the democra-
tic party, whilst as extraordinary state Of union
seems to pervade the elements of the opposing or
Wing party.
The first actual result produced by the agitation
daring the past winter at Washington is the settle
naent of the tariff question in its existing form and
tAe termination of all the controversy abou, protee-
tion and free trade for many years to come. On
this question We have always maintained an opinion
exactly the reverse Of that put forward by the
utHras Of both parties. We have held that the
tariff is only one, and very minor one, Of the
many elements affecting the prosperity, agriculiu-
raj and commercial Of this great country. We
have seen the foreign and domestic trade 1uctuat.
Ing, rising and falling, without reference to or con-
noction with any tariff whatever. We have Just
seen a vast dlminu,ion Of the foreign trade during
the year 1913, and vast augmentation Of the same
trade, and OF the domestic trade Also during the
present year, the tariff being the same during both
periods. Thus il will be from absolute facts,
end from the events taking place in all industrial
movements around US, that the tariff is neither a
very potent element for good or for evil and that
Il ~ far more important for the interests OF the
asrcrlturaiist, the manufacturer and the merchant
combined, that the subject should be finally and
permanently settled, we hope it has now been
ny this Congress, which was elected on the Tree
trade principle, and which after period Of nearly
Ave months discussion and agitation, have dropped
de subject finally and forever.
We therefore consider the present tariff settled, |
end that the discussion will not be resumed hereaf-
tes IN the shape in which it has disturbed the coun-
n.y. although, perhaps, the friends of free trade may
eodeavorto bring 1t up again in diercncform in de-
lat BY way OF commercial ntions with foreign
countries, making separate bargains for separate
articles at certain rates Of duty, as we have seen
ost aaced IN the CONNIE cement Of this system by /
ne recent Prsssian Treaty. 1t would seem also |
nat great many Of the friends OF free trade in
ne SOURI, and OF protection in the north. are ia
otaoN 10 this new mode OF settling International |
A'n',' iev ing that it is likely TO lead TO far more
I'sseS d permanent results than the independent
s~ IN which has heretofore characterized the |
. ,vemenis on tina; subject.
Another very important subject in agitation IS
undoubtedly the Texas question But according to
an appearances this question. although it may be
used as weapon by Mr.. Tyler and others to de-
feat the nomination of Mr.. Van Buren, at the Balt-
nore Convention, II does not seem possible IN the
prese at aspect Of affairs in this country that annexa
t,on could be effected until after the next Presden
ual elecony This Texas question, however, IN the
hands of Mr. Tyler has driven the democracy in |
tAe House TO a sort o! settlement OF the Tariff ques-
t,on; rand it will probably dsorganize them so |
much in the Baltimore Convention, and agitate |
them to so great degree throughout the country, as
co render the election Of the nominee Of that conven-
ta0n, whoever he may be, matter OF great doubt |
and hazard. Many of the members of the demo- |
cratic party believe that they could unite all their |
clements on some new candidate and that it is Ger
tain that a new one will be nominated Cass, or |
Stewart, or some other new name but it is very !
doubtful indeed whether in the piesen, aspect OF the
disordered affairs, and in view of the heart burn
logs, and violence, and abuse which prevail amidst
the democratic party, whether under any circum- |
stances they will be able to present such force as
,a md dot of
me wing party to elect Mr.. Clay If then, Mr. Clay,
AZ il appears so likely, comes into power, what
are we to expect from his administration! Let US
took at it.
The presen, condition of the country is highly
prosperous $ We are in the commencement Of a
new period of great prosperity and speculation
We have got through Me terrible effects of the re-
vulsion Of 1897 and 1859, and We are just begin
ming realize the fortunate results that always will
spring from numerous and industrious people,
placed upon boundless rich and fertile country.
Every thing is improving. The crops are in
ofeasing year after year. Prices are rising. The
domestic trade is doubling and rebhng itself every
short period of years The foreign trade is getting
much better. The movements in favor of COM
rnercial, agricultural, and manufacturing industry
N this country, are becoming almost enthusiastic.
In this state of brilliant hope every man is graspng
at fortune at the end of the next week and ex-
poets TO be millionaire at the end Of the next
year. How will all this operate on Mr. Clays
clcctonl His party promises TO give us new Ma.
hOnal Bank-to distribute the land revenues to the
States-to preserve the present tariff and revenue
winch Ii increasing so much, and also promises a
certain amount of internal improvements, without
beinS so VITALITY committed against the annexation
OF Texas as some would imply. Without entering
INTO the morality Of this policy, or any por-
dons Of il, or its indirect effect on society.
we nust admit that every one would expect to be
benefited in some degree by the adoption of these
e -.