The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-10-25
INTELLIGENCE BY THE MAILS,
WASHINGTON, Oct. 81, 1919
Mr.. Bischan0n's argument.

WhsHfNuIDN, OCt. Il, t5}f-
Mr.. Bischamon's Argument
we delayed sending a report of Mr.. Secretary
buchanan's speech, until to-day, in order to give
the non gentleman an opportunity of revising it,
which he has done. The speech is evidently
prepared one, and intended solely for the meridIav
OF Pennsylvania; and we may reasonably infer
that the friends of Cass and Butler are somswb,,
troubled as to the vote of the old keystone. when
II has been deemed necessary to call upon the
Secretary of State to take the stump pro
cedure, we believe, totally unprecedented and
not over scrupulously delicate. We confess, we
do not Ike the idea of the President of the United
States, or his Cabinet, descending from their high
positions, to engage in stump oratory-it 49, TO say
tne least OF It, IN exceeding bad taste II will be
seen That Mr.. Buchanan's great aim is to try
ana heai the division In the democratic ranks,
upon the subject OF free soil; but the cleo
non is TOO near at hand for his views to
carry much weight He takes, however, in
our opinion, wise and statesmanlike view
OF ms tree SOIL question 1t is, at the best,
merely one OF to-day. II possesses no tanpi-
ol'i,y, and, therefore, will die away as soon
as ane immediate cause of its agitation is re-
moved slavery does not exist in California and
New Mexico now. Ii would REQUIRE leoislat,ve
action to Introduce 1t, and no one contends thai
such Legislation is either contemplated or des,red
~ me people OF those territories. party. there
fore, founded on mere distractions, must sooner
or later, tall through. But does not Mr. buchanan
perceive that the very argument he uses to unite
the democratic party IN Pennsylvania will also
unite the wings In Ohio and Massachusetts? Az
we stated before, however, the contest is too near
at hand, and prejudices are too firmly seated, for
even the most unanswerable propositions TO weigh
feather In the scale. If Mr.. buchanan had
had res gned his secretaryshIp three months ago,
and stamped 1t throughout Pennsylvania, he mlght
have succeeded In creating unity in the ranks o
his party: Now, 1t is amere waste of breath His
fears OF the ill-etfects which would ensue in case
General Taylor is eectedw were rather far.fetched:
and no one knows better than Mr. Buchanan that
1t Is impossible for the President of the United
states, no matter what may be his inclination to
enact the part OF Caesar, Cromwell, or 30.
naparte. We live, thank God. under far differ
easy matter for the most obscure private md
vldual to trample under foot the constitution, as II
would be tor the President to step one lota beyond
the defined limits of his duty. l, may be very
well tor party newspapers to talk about the dan
gers OF military despotlsm, in case General
Taylor Is elected, but we were panied TO hear Mr.
Buchanan prostitute his undoubtedly great talent
to the enumeration of such unmltIgated stuff
OMEGA
WASHINGTON, October q, IS48
Issue Of Stock-7he London Ttmes-Ihe 7slesraph
n Mistake and Co,rection-Ihc elections, &c.
The amount of stock of the late loan issued on
foreign account, during the week ending the sist
instant, was not very large. 1t is as follows
Germany. -. .26 600 France ... 5000
England. .95,Ob0
ireland. 5000 Total. $3.50 $50
Mr.. Pakenham, the British minister, took
$4O,550 of the amount under the head OF England
Some of the loan, lately sold by Mr. Corceran. has
not, of course, been transferred and nearly all the
loan taken by other houses has been issued !
observe that the London Times refers to the issue
OF stock on foreign account, and gives tine amount
issued since the 18th OF June last AS the New
York Herald Is the only paper which publishes
these issues, the Times must have examined the
returns OF this paper, weekly, order to arrive at
the whole amount which it has gwen. This atten-
ton to American affairs, and the respectful man
ner in Which the Times treats of them forms a
striking contrast to the tone of that paper some
years since
The short telegraph despatch, which / sent on
Saturday, of Mr.. Buchanan's speech, was sadly
bunged, whether in the printing Office or the
telegraph, cannot say The account as 1t appears
mocracy of Pennsylvania would find their
principles used for an issue of substance"
wrote, "He did not believe the democracy OF
Pennsylvania would peril their principles for an
issue devoid Of substance" There is a slight
difference, 1t will be perceived, between the two
sen.ences-the first being nonsense, whereas the
latter possesses, flatter myself, some meaning
The democrats here are still unwilling to be
leve that Ford has been elected Cove rror OF
Ohio. Even bets have been made upon the result
OF the Presidential election in Pennsylvania The
general impression is that Ohio Will 90 for Cass
and Butler, as the free sellers will cut into the
wing party in that State extensively, and John Van
Buren's visit will tend to fan the free soil move
meDt. AS Tor Pennsy lvania, it would seem, fro'o
the fact of Mr.. Buchanans being obliged to take
the stump, that the democrats are alarmed about
her. and this is probably the best indication of what
her vote will be. OMEGA