The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-12-17

=
The new administration of Mr.. Polk may now be
said 10 have commenced it's career. The time
that elapsed from the Inauguration until the delivery
Of the Message was merely preliminary perlod--a
period within which he had to examine the COM
mercal, financial, and foreign state of the country,
and adopt policy, which to him would seem best,
10 promote the interest and welfare of the twenty
millions of people, Of whom he had been elected
Chef Magistrate; TO embody II in his message, and
submit it to the American people, through their re.
representatives. in Congress, the policy which would
govern him daring his administration From the
day, therefore, that he delivered his message, EN-
bracing those principles which he mad formed as
his guide, II may be said the career OF his admins
iralon commenced. What that proposed policy Is,
both concerning foreign and domestic relations,
is now pretty we'll understood.
The next question which naturally suggests itself,
is, will the President be sustained in carrying out
this policy rs Swallowed forth in his late message !
or viii he be opposed by opposition
From reading the columns OF the different papers,
thus far, since the delivery of the message, are
inclined TO Think from their tone, that to the foreign
policy Of the President there will be no opposition
OF any consequence. On the contrary, some OF the
leading organs Of the wing party in this clty-the
Courier and Enquirer and the Tribune, for example
come ont in favor ofthe annexation OF Texas, and
even California; thus sustaining the policy OF the
President, regards foreign relations. The
fact Is. there cannot be any opposition the foreign
policy of Mr.. Polk. He has taken high and Ameri
can ground on this question, and will be sustained
by all parties throughout the country.
But the opposition we think he will meet with
will come from a new quarter, and will be to his do
u. xsr,ta nh hat
regarding the modification of the tariff and the cur
rency. This opposition will be composed OF the
bank men, stock iobbers, and spectators through
out the country who will endeavor, through the in
huence Of chartered institutions throughout tn
country, to defeat the measures OF the adminlstra
ton on the modification of the tariff, and estab
lshment of independent treasury for the sat
keeping of the government funds. This oppositio
will try TO form party in Congress, to advo
its measures, and oppose those of the admin
isration 1t will endeavor to bring about anothe
edition OF the scenes which the country wnesse
under the administration of General Jackson, whe
he undertook to destroy the influence of that cor
rupt mammoth, the United States Bank. In thi
way the carrying out OF Mr. Folks views may b.
defeated for time, and before the year 1S4S come
round, IL may find this war between the manufacur
ers ana STOCK JoDDerS, and the administration un
finished, and the consequences will probably be
that Mr.. Polk will be forced TO run a second tim
for the Presidency, in order to finish the war, anc
carry out his principles.
Thus we think there will be scenes exhibited, du
ring the administration, precisely similar TO those
that accompanied the administration of Genera
jackson. The same stockjobbing and manufactur
ing interests which he had to contend with, wi
oppose Mr.. Polk in Carrying out his principles an
the result will be the same as attended the wa
against General Jackson's administration Th
country will sustain Mr. Polk as il did Geners
Jackson. These are our present views, and the
based upon the present appearance of the polit
cal horizon. There can be no doubt that the mod
fcation Of the tariff may interfere with the prof
Of the wealthy manufacturers and monoposts VIII
receive large dividends, but the mass OF the peop
will be benefited by 1t. Our manufactures as
is, are In fair way of competing with those of III
English, and there is no doubt that they will, IN
short time, drive the manufactures of England OF
OF the principal foreign markets
On the whole, we think that the measures of III
administration are well adapted for the countr,
and we have no doubt, Notwithstanding they ma
be opposed as we have mentioned, they will be tr
urnphantly sustained by the country if not by II,
present Congress.