The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-10-29

WASHINGTON, Oct ~, lsa7.
Observation-Disclosures Secretary Walkers Plan
Eramined
Mr. Walker is of the most industrious, indefat-
gable and rprisng of public officers But his oo la
industry is not remarkable than his tivity and
oounterminng in the politics Of the day. He is the
Richeeu of the administration He the founder of
the elevation of Colonel Polkthe author of the pro-
gramme upon which he elected, and especially in
the matter Of the Texas annexation.
The of the scheme of the Remuneration" of
Texas in the campaign of IA, and in the consequen
promotion of MIR Walker to the executive chair on
finances doubtless suggested to him that the pro-
position for the remuneration of all Mexico would be
political capital quite available and saleabe in the
public market
MIR Walker in this instance, has fallen behind the
calendar In his treasury statistics he has always made
out plausible but, unfortunately, his anticipated
expenditures always fallen short Of the aggregate
and his aaticpated receipts have uniformly exceeded
the official returns thus by this double process leaving
his estimated deficiencies mere 1.-THE Of tbs actual La
biities Of the government
We spprehsnd that Mr.. Walker will not have proved
more unfortunate in his financial calculations than his
estimates OF the political capital to be gained in the
petition and extension Of the old out song Of
nexation. We remember the many beautiful things
promised in the annexation of Texas and the wealth
that to be dused from this satellite of f.
dera constitution to all the sister States But thus far
the sister Texas has been dead expense, and she
cd to come.
The remuneration in its results has disappointed
many, very many Of Mr. Walkers deuded expectants
Of return of riches that to overflow the Union:
and Texas, which, under the regime of the numerous
Jo-Johns OF Tylers administration, always including
the inexplicably immortal John Jones-Texas, which
then the Happy Valley Of Rasselas to all true be-
levers reduced to not the very best country in
the world after all No Bologna sausages have yet
been discovered growing in Texas, on pumpkin vines
turkeys, already to be found roost-
ing In the woods; but Indians and mosquitoes tarantu
las aud sandhies ratte-snakes and regulators
of the charms Of the sister, to which have the
promise of reputation, thoagh have too much faith
in the good people of Texas for that expedent any
thing like II.
Mr. Walker then forgets that the novelty of annexa-
ton s Off but in his estimates of the political ad
vantsges to himself and the South In the
of the whole Of Mexico, what does he expect!
l. The addition Of dozen States to the strength of
the South in Congress.
O. The mines of Mexico and free trade.
3 Success In the campaign Of '4s
To which propositions present respectfully the fol-
lowing Offsets
/. The Wmot proviso.
2. Foreign and private claims
Q. The utter impracticablity Of the scheme.
IL useless here to expatiae at length upon these
several propositions. They are self-evident We gain
nothing in the remuneration Of Mexico but hazard
everything
In view Of the untred dangers the unknown disasters
the uncaculaed expenses attendant upon the absorp
ton Of Mexico, there would be only one alternative
left the defensive line and the blockade OF the Next
can ports until said line shall be acknowledged.
OLD TACK.