The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-19

away all day on variety OF subjects; but on ex-
animation of their lsbors, We find nothing that
will add ustre to their reputation as law makers
and repairers.
THE Presidential Election-Fate Of Mexico.
We are in the mids. of an important revolu-
ton In this republlc-a peaceful, quiet good
humored, eloquent, constitutional, political re-
voluton-a revolution that will develope itself IN
meetings and conventions up to next November,
when decision will be made by The votes of
four millions of people, at the ballot box, thereby
determining who shall be President for the next
four years, and what shall be done with Mexico.
The President who is to be elected, will be our
king, our emperor, our ear, our sultan, only tor
four years but, during that space OF time, he
will possess power greater than that of any sim
gle sovereign In Europe-a power 10 expend and
give away nearly one hundred and fifty millions
OF dollars, in various ways. Of course, such a
contest, or peaceful revolution, involves great
excitement but ii is natural and constitutional
excitement, and nothing like the bloody revo-
utions In the old world. In fact, il is mere
fun.
Two important points will be determined by
this election-"what is to be done with Mexi.
col' is one and ''who is to be our Presidentl'
is the other.
According to all appearances, the question of
the annexation of the whole of Mexico will
become prominent before three months are over.
The annexation of the whole of that country
will be put in issue by the administration, or
democratic party, when they put forward their
candidate; for that seems 10 be the only issue of
great Importance which can arise in the coming
contest. With regard 10 the men who may be
nominated by each convention, there is great
doubt. The wings seem 10 adhere TO Mr.. Clay,
aud at this moment the chances are decidedly IN
his favor. Yet Cen Taylo may become promi-
nent, and may run independently. This will dis
turb the movements of the other great parties, and
more especially inJure the wings. The candidate
OF the democratic, or administration, party, is
even more uncertain than is that OF the wings.
The probability seems to be increasing in favor
OF renominstng Mr.. Polk and running HIM
again, on the issue OF the annexation of all Mex
leo, as he formerly did on Texas and Oregon
II Mr.. Polk, on the one side, and Mr.. Clay on
other, should be the candidates, the contest will
involve the annexation of the whole of Mexico,
and the fate Of that country will be decided, one
way OF tbs otaer, as the four millions of voters
ehsll determine Gen. Taylor may run indie
gChLcAi.Js anu luJuIS MI CldN, out even tnlS is
not certain.
While these impor ant movements, meetings
and conventions, or, rating on the public mind
in reference TO the neat presidency, are going on
among the people, both houses of Congress are
busy, legislating in public, and intriguing in pri-
Yatc, for the same objects The loan bill, crea-
ting fresh addition TO the national debt. of six.
teen millions, has passed the House, and will
probably soon pass the Senate The ten regi-
meat bill, TO increase the army ten thousand
men in Mexico, still hangs in the Senate, and
will most probably be passed by that body, and
viii soon be In the House. OF Its fate IN the
House, there is less certainty
Ieus we see that legislation and popular pro-
nitat9msntos for the next presidency, are all
mixed up together; blending, also, with the great
issue OF the annexation Of the whole of Mexico
10 this country. We have Mexico at this mo.
ment-we can get no treaty Of peace We cannot
get rid of holding her--we cannot get ont of our
present dilemma until the presidential election
is determined. The ides of November will de-.
eIds all.
g~z- 4 great newspaper is that EDening Post I,
publishes, yesterday afternoon, the news from
Cuca, by telegraph, which we gave two DAYS