The New York herald., 1845-11-28


blythe recent adyices from Europe, that there had
been lull in the railway mania in Great Britain
and on the Contlnent-that the excitement had some
what subsidized. We look upon. this as being merely
temporary, that the movement will only acquire
new strength by the suspension, and that II Will
be renewed with increased Wgor until it becomes so
much inflated, that tremendous explosion will
sweep away thousands of those engaged in the
speculation. 1t Is well known that during the
height of tremendous gale, the winds are sudden
ly hushed, and as suddenly commence again with
increased force. These sudden suspensions are
attended with vast deal OF danger, when they oc-
cur in an immense speculative excitement, or in
the elements Of nature. The enormous bubbles in
fated in this country from 1892 to lS37-when they
exploded-experlenced several temporary suspen-
sons the course of the commercial classes was at
times checked, as ship at sea becomes suddenly
checked upon striking enormous wave, which
causes the whole frame to tremble, and for
a moment pauses in its course, but soon
plunges headlong again into the yawnlng
gulf, and eventually becomes hopeless wreck, and
Is soon lost beneath the waves. In 1887, the spe-
culations going on so extensively, received per-
manent check, and, for time, appeared to be COM
pletely arrested. Hundreds were at that time sa-
crifced and, notwithstanding the reports of explo-
sions reaching us from all directions, the great
financial genius of the age-Nlcholas Biddle-as-
sured the anxious denzens OF Wall street, that the
panic would soon subslde, that the country a
prosperous condition. and that all fears entire
Iy without foundation. The panic did finally sub.
slde but not until the disease wanted victims-not
until the commercial classes were completely pros
trated. A revival took place in 1889 and 1S40, but
it was like the expiring gleam of midnight taper.
The railway speculations of Europe will, in our
opinion, in its rise and fall, strongly resemble the
internal improvement mania OF this country; and
we look upon any pause in the excitement, before
the bubble is distended to its utmost, as merely OF
temporary character, which will be followed by an
initiation, more rapid than in any previous period.
The fruit will not drop until it is ripe and then,
those who have kept aoof from the movement, will
step forward and gather the harvest Many will be
made beggars, and few made wealthy
PoLITlcAL MOVEMENTS I'VE understand that the
Native American party intend to hold convention
at Utica, sometime next summer, for the purpose OF
nominating candidates for Governor, Lieutenant
Governor, and other State officers, at the next
gubernatorial election. The whig party, the de-
mocratc party, and the abolitonists, will un-
doubtedy do the same; therefore, the prospect, at
present. that will have four separate tickets at
the next State electon-the same as in the last
election in this city and the consequence will be,
that the democratic party, although in very large
minority, compared to the aggregate vote IN the
State, will succeed in electng their candidates.
The whole number OF votes polled at the late
election, by the wing party, the natives, and the
abolitionists, appears by the official returns to have
been 1902; and the number polled by the demo-
cratic party, l54 1856 which leaves the democratic
party in minority of 24,637 in the State. Yet, in
consequence OF there having been four tickets, the
democratic party succeeded-and the number of
votes poled by the whg party and the native party,
appears to have been l64 057-being majority over
the democratic vote of 9672 we can, therefore, see
that if the whig party, the native party, and the
abolition party retain their separate organizations,
and run distinct tickets at the next election, the
same result will follow at the last election, viz
the success of the democratic candidates
Such is the present aspec: of political matters in
this State, but 1t may be materially changed before
the time for the next election comes round. The
convention to revise the constitution will have
before them several important questions, which
there is great difference of opinion. There will
be the negro suffrage question, for example, and
the antl-rent question, and other questions which
may still farther increase the number of parties,
and it is not unlikely that the present aspect of
political parties may be entirely changed.
AFFAIRS IN CANApA.-We learn that dispatches
to Lord Metcalfe came in the last steamer from
Liverpool, authorislng hun to return home, in conse
quence Of his indsposlton. 1t is said that he inten
ded to have left Montreal on Wednesday, whence he
will proceed to Albany, and by the Western railroad
to Boston. State rooms have been engaged for
him on board the Britannia, which will leave
Boston rext Monday. Lord Cathcart, the COM
mander of the forces, will act Gov. General
till successor to Lord Metcalfe arrives from Eng
land.