The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-11-14
The Campai.n or the Presidency


for the mails.
The Campaign or the Presidency
The brilliant campaign of Mexico has termi
mated with the possession Of the Mexican CAPT
tai, and of the principal sea ports of that repub
lie. General Scott's dispatches have been re
ceiysd at Washington, and soon all the heroes
of the war will be glad to return TO the United
States General Taylor is coming back, mum
Der of officers are expected from Vera Cruz, and
by and by, General Scott himself will be re-
lieved.
Thus has terminated, in eighteen months the
conquest of great republic, exhibiting 10 'he
world a eeries of brilliant achievements sur
passing even those Of Napoleon IN Italy; ioi' IN
stead of one. Napoleon, ours was an army VI
Nspoleons.
The war ia terminated; but another cam
psign. is beginning to open yesterday
Mr.. CLAW began the contest tor the next presl-
dsncv at Lexington, Kentucky, In speech
,,,L;oh :. Looked to and looked for in every part
of rho country. II is the beginning OF new
oom,a;gn. and will be followed by similar
movements in Congress, in State Legislatures
and throughout the land for nearly year to come.
General Taylor is returning, and his friends are
moving with energy and force in the South, as
we'll as the West and the North. General Scott
NAV be expected to enter into this campaign In
few weeks, and he counts, no doubt, as well as
others, upon extensive support. He has certain
" Distinguished himself in an astonishing de-
gree. and has made his hasty plate of soup
almost immortal Mr.. Polk, with some mem
hers Of his cabinet-the authors of the war--will
also be engaged in the next contest; 80 that we
L l. ELL n dtH
of battling than that which we have had for the
last eighteen months.
According to all appearances the old parties
will soon be partly disorganised, and out OF this
general conclusion of popular elements ne"
departure will be taken by the people OF INC
United States, in relation TO tn government anu
its direction. In the meantime all necks are
stretched out towards Lexington, and all ears
are listening to what Mr.. Clay has to say.
TARIrP DOCTRINES. newspaper philoso-
pbers imagine that the free trade Legislation In
England is the cause OF the present reVuisioh
there. The repeal of the corn laws mas not d.
minished the price of grain in England IN lact'
prices rose immediately after the repeal.
The bankruptcies among the higher classes OF
merchants, may have been somewhat afected by
the course of English legislation during the last
few wears: but the radical cause OF the failures
in London is the expensive system OF social lie.
All their great merchants, have for years, past
been living at an extravagant expenditure, be-
yond their incomes. They have sought to vie
with the aristocracy and to set the fashions IN
b;ob life. so that when the hard times came
they were found utterly worthless, and worse
than nothing Similar pressure has acted upon
the aristocracy, and similar astounding failures
have taken place in the ranks OF the nobilily'
The Duke of Buckingham has failed to the
amount of ten millions of dollars, and the Duke
of Beaufort, also, is on the verge OF bankruptcy
The number of lords who are rotten would
astonish an apple woman who had basket full
of rotten apples.
Let us take lesson from the other side OF the
water The English revulsion, which affects
the prices of all commodities, will reach this
country in the course of few months. How
will it find our higher classes, with their splen-
did establishments, their expensive social system,
their boxes at the opera, their fine horses and
gorgeous carriages! Think of sixty or eighty
thousand dollars expended upon house and
furniture in the upper regions OF our city Be-
fore you accept any bills OF exchange OF mer-
chants, and before you pay cash for them, look
first to the condition of their private establish
ments, and ascertain the character and extent OF
their houses and stables.
A SCRUB RAcE-We are threatened with 6
scrub race on the next Presidential question
Well, it seems to be the natural history OF cleo
tions in this country that such ri ce should take
place every twenty-fom years, or every quarter
of century We remember the fun OF 1924;
hut probably that of lS4S will surpass it. The
democrats talk of regular candidate; the wings,
TOO. talk of regular candidate. But all this
regularity will eventuate in their being no regu-
lar candidate at all, especially if Calhoun, with
General Taylor and several others, should be run,
at all hazards, by their friends.
Il is possible that no choice will be made
by the electoral colleges. In such case, sthe
election will be thrown into the House of Rep
resentatives; and who can tell if that body will
be able to make choice? Pending all these
movements, it is our firm belief that we ought
10 keep military possession of Mexico, as we have
II AZ this moment If it should remain IN our
possession two years, it would rouse the jealousy
of France and England, and then that would
cause the people of this country to keep 1t alto
gether. -
RIVAL OF THE FRENCH STEAMER NEW YORK
AT NrwpoRr.-The steamer New York, as we
published in our evening edition of yesterday,
put into Newport out OF coal, on Friday, at half
past five, PM. This fact we learn from one of
the messengers. who arrived yesterday morning in
the steamer Bay State.
The New York left Havrc on the 18th ult.