The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-15

New Englsnd, from this time to the meeting of
the convention in Philadelphia. There already
exist great differences of opinion as to the probable
chances of the two wing candidates, Mr. Clay
aud General Taylor. Some of the friends of Mr..
Clay insist, that, In consequence of the divisions
among the democratic party in this State, pro-
duced by the quarrels Of the barnburners and the
old hunkers, Mr.. Clay can get the vote OF New
York, and be elected President. Others say that
these quarrels of the democracy will be healed
up before the day of election, and that Mr. Clay
has no better chance than he had on any former
occasion; and that General Taylor is the only
man who can unite the forces sufficiently to de-
feat the democratic candidate. 1t is very evil
dent that the locofoco journals of all classes re
earnest in recommending the wings to take up
Mr.. Clay; and if they thought that Mr.. Clay had
any chance of success, they would not take such
a manifest interest in the affair.
Such is the interesting condition OF things at
present. We verify believe that the whole ques-
ton of the next presidency will be, in great
measure, settled between this week and the Sc
venth of June. If the friends of General Taylor,
in the wing party, 60 to work like men, organize
committees all over New York and New Eng
people, make demonstrations Of his popularity
and of the wishes of the people, there Is every
probability of the whig convention nominating
him in preference to any other man. There IS
a committee organized IN Wall street, at the
head of which is Mr.. Hugh Maxwell. This COM
mittee can raise any amount of money-can
send missions into the country, into New York,
and New England, get up meetings, and do
n
vast deal of work that will have great influence
in favor of General Taylor. Is it not time to
think of this and, after the meetings in New
York are held, for the friends of General Taylor
to roll up their sleeves like men, in the same
way as did General Taylor on the Rio Grande,
when he fought his way from Palo Alto to
Buena Vista. Nothing can be accomplished
without effort-without judgment-w without tact
without Recommendations compromise
without good feeling and courage of every kind.
In the meantime, we shall take good care to make
full and accurate reports of all the proceedings
of the different wing sectons-either FOurierie
or conservative-in connection with the wing
party, as well as we have done with those of the
democrats.
The STATE MANUFACTURING LAw.-The Lee
gislature has passed a general law for the crea-
ing operations, without the clause of personal
liability. This law is somewhat similar to that
which exists in Massachusetts, and under which
the vast manufacturing system OF that State
has grown up. Lowell and other towns were
the creation of State laws on this subject there
We anticipate some considerable movement
under the privileges and immunities of this law
There is large amount of capital in this city,
and in this State, which might be proftably ap-
piled for manufacturing purposes under this new
law. The water power of the State of New
York is probably greater than that of any other
State in the Union. To say nothing of the
streams which pour down all the sides of the
Catskill mountains, we have, in the great west,
the immense food of the Niagara, all of which,
for breadth of seventy miles, could be brought
over the "mountain ridge" in separate streams,
made to suit any motion in mills erected for
manufacturing purposes of all descriptions. In
fact there is, in Western New York alone, water
power enough to set in motion all the cotton,
wollen, and iron mills of England.
With this new law, and the prospect of ready
investment of capital for the establishment OF
manufacturing corporations, 1t is possible that
efforts may be made to revive the principles of a
| high tariff again in Congress The eastern fac
tories have recently been complaining of low
profits, and ruin in business. The cause has
been attributed to the want of high tariff
These sentiments may spread in the east, and
may then be taken up in New York, and Penn
sylvania, and elsewhere; and, as there is aproba-
bility Of their incre asing, we doubt whether the
government may not render it necessary for Con-
gress to increase the tariff for revenue purposes
without reference to the principle of protection
If such be the case the high tariff men will again
accomplish their purposes, without making pc.
litical efforts for that purpose.
Gov. YOUNG AND THE STATE GOVERNMENT
We are credlbly informed that Gov. Young and
his cabinet at Albany, are decidedly friendly to
the nomination of Gen Taylor to the preslden-
cy by the wing convention, which will meet on
! the seventh of June next, and opposed to any
more attempts to try the destiny of Mr. Clay
There are, also, in the albany EUening Journal, q
! paper conducted by Thurlow Weed, some strong
symptoms and recent developments, favorable to
the nomination of Gen. Taylor. Several Office
holders, recently appointed by Gov. Young, in
this city, have likewise come out warmly for
Gen. Taylor. According to all appearances,
there seems to be movement commenced at the
head quarters of the State government at Albany,
which may probably end in bringing the whig
party in this city out in favor of Gen. Taylor be-
fore the seventh of June next.
The SPRING ELECTION. The time of the re-
gular spring election for Mayor and Common
Council, of this city, is fast approaching, but as
yet we have seen no preparations made for the
event by either party. 1t is full time that the
parties went to work, and selected competen,
and able men to manage our municipal affairs
particularly men who will obey the corporation