The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-09-25
CITY OF WASHINGTON.
SATURDAY NIGHT, SEPT. %, ls47
Speculation. beyond the Atlantic.


We meet in 'Galignani's Messenger" of the 18th OF
August article which is credited to the English "Daly
News" We lay extracts from it before our readers 1t
will amuse If it does not instruct them. begins by
referring to the nole of preparation for the great quadren
NAL sruggle-thee election OF chief magstrae-which is
already heard the Atlantic" 1t compares the
struggles of that election with those which attend the
periodical renewal of parliaments" 1t refers to the dim
cues which are supposed to surround the President,
from the composition of his cabinet and the iuctua-
tons OF Congress and then it proceeds to the character
OF the two parties which divide country, as follows
The chig party embracing perhaps the greater number Of
accomplished scholars, ci conference.-the tendencies
approaches in sentiment to John Bull than It's rruaf
Its more avowed antagonsm slavery also in its favor
But the pernacy with which cngs the obsolete theo-
of protection for native industry neuraizes this con-
genality We may sympahise less with the sturdy dem
than with the polished federalists but finding the
democrats inclined upon the principle OF" live
and let lve" it is with them that feel most confidence
in ansncting business. What effect the pending elections
likely have the relative position OF parties, II
would be premature conjecture. Even on the
spot and intimately acquainted with the electioneering
organizations of the Union, confess themselves at fault
Four questions will exercise strong influence over the
OF the large floating balance OF electors who are not
yery acknowledging parsans-the tariff of 1885, internal
improvements, the with Mexico and slavery. The
two latter indeed, curiously complicated There is
a growing impression that the war with Mexico will
terminate in the permanent annexation OF California
and New Mexico to the United States This prospect
tends discussions in the ranks of the demo-
cratic party and keep aoof from them the great body
of moderate anavers, by raising the question whether
slavery be permitted in any States Terri
tories. Upon the settlement of this question depends
of the existing balance ofpower between
the slavehoding and non-saveholdng States, and is
therefore regarding which compromise is not very
probable The successful working of the tariff is in
fa If the mar tv nj
i've demonstration Chicago in favor OF internal improve
mentsol which, political engine, they entertain an
hereditary jealousy-has excited lively apprehension In
their ranks Beyond such general grounds OF conjecture
little has yet TRANSFERRED The wing federal party,
the out-oace assaants enerprising and less
guarded yet they hesitate Close party rrevo
caby General Taylor as their presidential candidate or
to avow the Chicago convention party movement The
democrats the other hand cautious that they
will not cut off the chance of winning old Rough and
Ready for their candidate and careful not to whis
per word about reelection OF Mr. Polk Be the re
suit OF the contest what may have confidence in the
destnes of the great kindred republic Many questions
have been propounded public opinion for solution that
may shake local institutions their foundations In the
war with Mexico victory may entail much danger as
defeat But believe that the administrative talent
which has hitherto steered the helm OF State will not be
found wanting in the hour of trial. and that the family a
which with States, with individuals, often exists
strangely latent stae amid the most bitter family
quarres will all serious anmoses between the two
nations
We remark upon point only in this English specu-
lation, which, whatever injustice does to the demo-
Gratis speaks pretty correctly of the politics of the wings
It is mistaken in the supposon that the question OF
slavery in the territory is to decide the balance OF
power and therefore compromise is not very probable"
Let this question be settled it may, the balance will
still be with the saveholdng States Let the line
of the Missouri Cnnprnmise be adopted and the south
will accept yet may throw territory the north
than is likely fall to the south of it, and besides the
extensive territory which embraces Oregon and sweeps
to the Pacific, will furnish an immense scope for
the establishment of non-saveholding States in that
direction The calculation has already been made by
one of the best masters Of geography and statistics
in this country, upon the basis Of the boundary
which has been conjecturally drawn, that the pro-
portion of States will not be less than 80 non-
savehoding and 10 savehoding States The objection
to any compromise therefore, visionary, and cannot
be seriously urged will it operate against the Mis-
souri, Compromise.