The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-07

nominate any other man than Mr.. FOLK, then we
have a chance of a treaty; if not, then we shall
have as an issue in November next, the whole or
none of Mexico.
Mr.. GALLATIN's SECOND BROCHURE ON THE
MEXICAN WAR-MR. PoINsKrT-MR. PUNCH
WKLLINsroN.-Mr. Gallatin has published sno.
Their brochure on the Mexican war, combining
himself In this production to the financial aspect
of the case. Mr.. Poinsett has also published
another letter.
We have looked over Mr. G IS pamphlet, and find
it very aborcd and very tedious production from
beginning to end. 1t reminds us very much of a
recent frightful letter, written by the Duke of
Wellington, on the chances of French invasion,
which has been so we'll served up by Punch, by
giving an actual account of the very invasion it,
self, and the capitulation of London to French
army, by way of the Brighton railroad. The
Duke of Wellington, IN his old age, becomes
alarmed at the idea that the French will overrun
his country, in consequence of the application of
steam to railroads, and the construction of steam
ships. Mr.. Gallatin is equally alarmed that the
United States, in its present prosperous condition,
with the addition of the resources of Mexico,
| will be as unable to meet the expenses of the
war, as the administration, of which he was n
member, was to meet the expenses of the war
with England, more than thirty years ago. Mr.
| Galatians statements, views, principles, and
reasonings, would have done very well about
thirty years ago, but they are now awfully be-
hind the present age. Any sudden pressure on
| the banking system, in consequence of the go
vernment contracting large loans, might affect
| the banks, might make them suspend and we
think it would be good thing if many of the
banks were broken, for great portion of them
are miserably conducted. We are not much
afraid of the banks of New York. There may
be more danger to banks in other parts of the
country; and it would be right, TOO, for many of
them don't deserve to live any longer
Asto the possibility of raising means to carry
on the war with Mexico, as it now stands, we
do not think there is much difficulty We have
no doubt that Mexico could be made to support
it's own occupation, in spite of all the old state
ments brought forward by Mr. Poinsett, of South
Carolina, to show the contrary. Already Gene
raj Scott has collected, from one place alone,
one hundred and fifty thousand dollars in silvsr,
as the first instalment of military contribution
in that country. Mr. Poinsett has to 60 back
thirty or forty years, and show by statements of
that period, that Mexico at the present time is
uHdoIc 10 contribute 10 support the American
army. All those old chaps belong to the same
category. The Duke of Wellington, Mr.. Punch,
Mr.. Gallatin and Mr.. Poinsett, and a great many
others, are entirely unfit to think for the active
and energetic spirits of the present age, and the
sooner they go to work saying their prayers and
preparing for the next world the better. In five
years, Mexico, under the government of the
United States, would yield a revenue of fifty
millions. We beg to hand over Mr.. Gallatin
and Mr.. Ponsett to our respectable cotempora-
ries, "John Donkey" and the =" Elephant"
ARRIVAL OF EMIaRANTs.-The new law IN re-
lation to emigrants, went into operation on the
fifth of May last. The commissioners in this
city, about to report to the Legislature, in com.
pliance with the requirements of this law, and
the return is made up to the 3lst of December in.
elusive. A vast amount of emigration in the
early part of the last year, swelled the list, and
we have had several arrivals since the first of
January in the present year. The following Off
cial table will enable the reader to form a rough
estimate of the amount and the extent to which
the spirit ofemigraton has reached in the difre-
rent countries