The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1845-01-04
Correspondence of the Madisouiian.

PHILADELPHIA, January 2, l545.
To The Editor Of the JMadi,onian:
sra: Our Wing friends in this section, seem to be
indulgng themselves with a sort of New Years rev.
erie, on account of the toast which the Hon. James
Buchanan sent some two or three weeks ago, to a
committee in Pittsburg Now, while am too lib.
eraI to mar so innocent an amusement, cannot but
elictate my Democratic friends upon what is quail.
ly fruitful Of consolation to themselves That toast,
as you no doubt remember, referred to the election
of Mr. Polk, as altogether favorable to a healthful
and progressive manufacturing system. At the time
this sentiment dictated, the idea was upperuost
that, when considered in reference to our other i'm
portant interests the manufacturing in just such
state of orwardness, as to require neither curb
nor spur; but such policy would carry with,
rather than before all others. Was this an error or
was it the ripe fruit of a mature Judgment, Let us
see. We all know there is at this moment an i'm
mense amount of idle capital in bank vaults, and in
unproducti,e investments. This is, for the most
part, owned by Wings who have been, time Out of
mind looking out for such an event 10 politics. as
would enable them to reap an abundant harvest,
either in banking or in manufacturing. The election
save our present healthfu system from the ratsbane
OF overtrading, it will force out the idle capital re.
ferred to, and impart life and vgor to the general r-
terests of the whole country. Taunts about low
wages, which are affected to be thrown back upon
the able author Of this sentiment every Democrat
knows ara as harmless as undeseryed; and are nm
piicable TO no single text in the creed which Mr. Blu
chaEdn so faithfully advocates. A thousand new
factories in your CITY or in ours would unquestona
bly, raise the wages of the operatives that particu
lar branch which might be most prosperous; but as
such an increase of employ ment would only change
the direction of capital, without adding groat to its
amount, it Is abundant clear that any and every III
Simultaneous advance Of wages, growing out of such
state of things, must be al the expense Of some other
existing interest This is the Democratic idea. and
means nothing less, than that which spirits
up without a legitimate fount TO support il, will not
only fall again, but cause an embarrassment, COM
mepsurete with the time and labor lost in the wretch
ed Polka dance.' The toast, them according to nv
observation and Judgment is correct in h,ory. and IS
now being demonstrated, by the actual state of things
throughout our best manufacturing sections.
Besides our Wing friends some of our own family
seem to be in state Of watcbfu socitude as 10 sy
erything concerning distinguished SENATOR. pro.-
PEGS. The Democratic papers of the city ion issue
with those of the country, upon the course of our
Electors.
Politicians here very naturally begin to turn their
eyes upon coming events. The Cabinet is discussed
70 are the measures which likely to take the lead
In respect to breakers, they say, still further
ahead, all cliques even subscribe to the views set
orth IN Mr. Buchansns letter to committee in hi.
,ity, published few days since For one, earnest
y hope this course will not be departed from. n
II would be most glorious 10 hear that Santa Anna
ad been overthrown in Mexico with the very arm.
cd ammunition he had rolle~,sd IN ,,,ha,,. r.